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☆ Joe Biden Stepped Aside. a Lot of Aging CEOs Should Do the Same.
▼ + stars: | 2024-08-04 | by ( Rob Price | ) www.businessinsider.com time to read: +13 min

Less discussed, however, is a parallel crisis in corporate America: a wave of aging business leaders who refuse to step aside. The average retirement age is similarly increasing: to 62 in 2024 from 57 in 1991. Using public data from 1992 to 2018, they assessed the relationship between a CEO's age and their "managerial ability," as measured by how they turned company resources into revenue and profit. "A 10% increase in CEO age is associated with a 1.9% decrease in managerial ability," they wrote. And older workers, both above and below the traditional retirement age, already face unwarranted discrimination in the workplace.

Persons: who'd, Joe Biden's, Donald Trump, Ruth Bader Ginsburg, Sen, Dianne Feinstein, It's, Rosemond Desir, Scott Seavey, Seavey, what's, Mark Fisher, Sumner Redstone, —, David Ekerdt, Olivia S, Mitchell, Desir, Warren Buffett, Rupert Murdoch, Fisher, Biden imbroglio, they're Organizations: Business, Supreme, California, Florida Atlantic University, University of California, CBS, Viacom, Barclays, gerontology, University of Kansas, Wharton, Chevron, Caterpillar, Berkshire Hathaway, News Corp Locations: America, Irvine, Southern California, United, Berkshire

Mortgage rates are down in response to the labor market slowing. Average 30-year mortgage rates are now hovering in the low 6% range, according to Zillow data, the lowest they've been since January 2024. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: of Labor Statistics, Federal Reserve, Zillow, Mortgage, Association, Sky Locations: U.S, Chevron

☆ Assigned desks are now a work perk — and Gen Zers are making themselves right at home
▼ + stars: | 2024-08-03 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewWhen Maïa Maury, 25, started a new job in the US, she was happy to find that it came with her own assigned desk. AdvertisementWhile an assigned desk used to be a given in an office, the pandemic ushered in an era of hot desking and working from home. Now, cubicles and assigned office desks are more of a novelty, meaning those lucky few who get one are sometimes keen to make the most of it. AdvertisementAnother Gen Zer, Zernab Saeed, wanted to make the most of having a personal office desk in her first job out of college. Many companies are still shifting toward reducing office space, leaving fewer opportunities for people to enjoy having their own desks.

Persons: —, Maïa Maury, who'd, hoover, Maury, Zernab Saeed, Zernab, Zernab Saeed Saeed, she's, there's, Caitlin Turner, HOK, Turner, Gen Zers, Gen, it's, Leonora Georgeoglou Organizations: Service, Business Locations: French

☆ In the battle between Kamala Harris and Donald Trump, clothing says a lot
▼ + stars: | 2024-08-03 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

Read previewIf Vice President Kamala Harris and former President Donald Trump ever stand next to one another on the debate stage, viewers watching from their living rooms will notice — even if subconsciously — what the two candidates are wearing. AdvertisementTrump has tailored the traditional masculine suit to fit both his body and his brand. Guy said that Trump often wears navy blue Brioni suits, which are reminiscent of 1980s power silhouettes. Related storiesTrump's campaign celebrated his styling choices, as spokesperson Steven Cheung said, "President Trump has the most style of any President in history." Given his background in reality television, Saha said that Trump understands the game of quick visual communication and knows that clothing can send signals about values.

Persons: —, Kamala Harris, Donald Trump, Joe Biden, Harris, Derek Guy, Guy, Trump, Sparsha Saha, Shauna Shames, Shames, Steven Cheung, pantsuits, Manolo, she'll, Saha, Joseph Altuzarra, It's, Rachel Tashjian, I've Organizations: Service, Democratic, Business, Trump, Harvard, Rutgers University, Converse, New York Times, Vogue, Republican, Washington Post Locations: American, Washington

☆ Insider Today: The new Ozempic
▼ + stars: | 2024-08-03 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +6 min

I'm Jordan Parker Erb, filling in for Joi-Marie McKenzie today. On the agenda:This story is available exclusively to Business Insider subscribers. Also read:Getty Images; Jenny Chang-Rodriguez/BIThe new OzempicYou've heard about Ozempic and Botox, treatments that have become staples of elite wellness and beauty routines. AdvertisementMore of this week's top reads:The Insider Today team: Jordan Parker Erb, editor, in New York. Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, I'm Jordan Parker Erb, Marie McKenzie, Jaime Stathis, She'd, It's, it's, Insider's Aki Ito, who've, Trois Rois, Napoleon Bonaparte, winder, Bentley, Chance Yeh, Getty, Hector Vivas, Tyler Le, Read, Jenny Chang, Rodriguez, You've, Elizabeth Taylor, Rebecca Zisser, Max, Olivia Rodrigo, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Joi, Emirates, Business, Grand, Michelin, Miss, Miss USA, Miss Teen USA, BI, Getty, Elizabeth Taylor Estate, HBO, Disney Plus, Hulu, Eagles, Reebok, Apple Locations: Dubai, Cavan, Northern California, Grass, Sacramento, Big, California, Austin, Basel, Switzerland, Miss USA, New York, New York City

The world's best athletes go to the Olympics vying for a coveted spot on the podium. Medal or not, these are some of the biggest winners of the Paris Olympics when it comes to internet adoration. Clark Kent / ‘pommel horse guy’Sure, most casual fans of the Olympics don't necessarily know what a pommel horse routine is. The ultimate hypemen: Snoop Dogg & Flavor FlavRapper Snoop Dogg — the self-proclaimed "MVP of the Olympics" — has been everywhere at the Olympics. The 2024 Paris Olympics mascot is a little red hat, known as a Phrygian cap (or a liberty cap), which is a symbol of the French revolutionaries.

Persons: Henrik Christiansen, Kim Ye, James Bond, Yusuf Dikeç, Clark Kent, Stephen Nedoroscik, there's, Snoop, Flav, —, He's, Michael Phelps, Maggie Steffens, Reddit, Alexis Ohanian, Veronica Fraley, Ilona Maher, TikTok, Tokyo Games she’s, she's, She's, Colin Jost, it's Colin Jost, Jost, it's, he's, Scarlett Johansson, “, ”, Savannah Guthrie, Giorgia Villa, it’s, fromage, they've Organizations: Paris, Shooters, Olympics, NBC Olympics, USA, U.S, rugby, Tokyo Games, NBC, Parmigiano Locations: United States, Paris, U.S, TikTok, Tahiti, Teahupo’o, Polynesia, France, Italy Italian

As the Fed lowers rates, mortgage rates are expected to go down. "Mortgage rates declined to their lowest level since early February," Sam Khater, Freddie Mac's chief economist, said in a press release. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Barely Tick Down (-0.05%)The average 15-year mortgage rate is 5.55%, five basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: Freddie Mac, Jerome Powell, Sam Khater, Freddie Mac's, you'll, It's, refinance, they've Organizations: Reserve, Zillow, FHA Locations: Chevron

☆ Trump says Zuckerberg called him after assassination attempt and told him he wouldn't endorse a Democrat
▼ + stars: | 2024-08-02 | by ( Grace Eliza Goodwin | Katie Balevic | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump says Meta CEO Mark Zuckerberg recently told him he wouldn't endorse a Democrat in the 2024 election. The Republican presidential nominee told Fox News' Maria Bartiromo on Friday that Zuckerberg called him after the assassination attempt, and told him he didn't feel right supporting a Democrat. He called me after the event and he said, 'That was really amazing, it was very brave,'" Trump told Bartiromo. Trump told Bartiromo that Google never called him to apologize. Advertisement"Google has been very bad," Trump told Bartiromo.

Persons: —, Donald Trump, Mark Zuckerberg, Maria Bartiromo, Zuckerberg, Trump, Bartiromo, he's, Dani Lever, Lever Organizations: Service, Republican, Fox News, Democrat, Business, Facebook, Meta, Google

☆ 72% of Americans worry Social Security will run out in their lifetimes. Here's what experts say
▼ + stars: | 2024-08-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Workers who pay into Social Security while they're working should expect benefits from the program when they retire. Yet 72% of adults worry Social Security will run out of funding in their lifetimes, a new survey from Nationwide Retirement Institute finds. Meanwhile, 23% do not expect to receive even a dime of the Social Security benefits they've earned. However, fears that Social Security benefits may dry up completely are overblown, experts say. Nevertheless, Americans shouldn't worry Social Security will disappear.

Persons: they've, Millennials, Xers, Harris, Vance, David Blanchett, We're, Blanchett, Joe Elsasser, CNBC.com, Elsasser Organizations: Workers, Social Security, Nationwide Retirement Institute, Finance, GOP, Social, Security, DC Solutions

☆ Why workers who lose their jobs to AI will be better off than the Midwest manufacturing employees of two decades ago
▼ + stars: | 2024-08-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Similar to US manufacturing workers who lost their jobs in recent decades to advancements like automation, those displaced by AI could find themselves without the skills needed for the modern workforce. It comes down to when — and where — AI job losses are likely to materialize. Davis said there are several reasons workers who are displaced by AI should have an easier time finding work than many manufacturing workers of the past. Impacted workers in cities would be more likely to have job opportunities than workers where manufacturing jobs were concentrated, which often were in the Midwest. Widespread AI job displacement won't happen for at least a decadeWhile Davis is uncertain about the timing and scale of AI job displacement, he said he doesn't expect AI to drive major job losses over the next decade.

Persons: —, Goldman Sachs, It's, Steven Davis, Hoover Institute —, Davis, it's, — Davis, they've, they're, Joe Biden, there's, Jim Covello, that's Organizations: Service, Business, Hoover Institute, Stanford University —, Bureau of Labor Statistics —

☆ I found out my boyfriend had 3 other girlfriends. Then I became friends with the other women.
▼ + stars: | 2024-08-02 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

Then, it all fell apart when I learned he had three other girlfriends, all of whom thought they were exclusive with him. First, I told the three other women my ex had been seeing at the same time as me. We supported each other as we started to healHowever, I've got to say that my ex knew how to pick women. I'm not in a serious relationship, but I'm working on rebuilding my confidence and practicing self-compassion and love. Luckily, I have two new friends who can understand exactly what I'm going through.

Persons: Samantha Tsang, STDs, he'd, haven't, I've, they've, I'm Organizations: Service, Business

Read previewThe July jobs report has thrown the economy's soft landing into question — and the Federal Reserve is taking the heat. AdvertisementGiven the jobs report, Nick Bunker, economic research director for North America at the Indeed Hiring Lab, told Business Insider that "the soft landing for the US labor market is in peril." Advertisement"The problem is there's very few indications that this is the labor market we're going to stick around in," Bunker said. "It's clear that momentum of the labor market continues to be downward. "But I continue to stand by the idea that this is still part of the soft landing that people thought was not possible."

Persons: —, it's, Nick Bunker, Claudia Sahm, Sahm, Jerome Powell, Julia Pollak, It's, We're, Bunker, Powell, Harris, doesn't, Labor Julie Su, Su, they've Organizations: Service, Federal Reserve, Bureau of Labor Statistics, Business, North America, New Century Advisors, Fed, Biden, Labor

☆ How an Elon Musk PAC is using voter data to help Trump beat Harris in 2024 election
▼ + stars: | 2024-08-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

The ad then displays a website for a group called America PAC. "I have created a PAC, or a super PAC ... the America PAC," Musk said in a recent interview. But what is unique about America PAC's project is who is backing it and the timing of its creation. He recently said on X that he is "making some donations to America PAC," but did not say how much. Musk on X mirrors Musk PAC

Persons: Elon Musk, The Beverly Hilton, David Swanson, Donald Trump, Trump, they'll, Kamala Harris, Musk, Brendan Fischer, Fischer, Phil Cox, Generra Peck, Dave Rexrode, Doug Leone, Cameron, Tyler Winklevoss, Joe Lonsdale, Lonsdale Organizations: SpaceX, Tesla, The Beverly, Reuters, Google, America PAC, Republican, Democratic, Forbes, PAC, Facebook, YouTube, America, Trump, The New York Times, FEC Locations: Beverly Hills , California, U.S, Michigan, California, Wyoming, Pennsylvania, Georgia, Arizona , Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin

☆ Why CTOs have the biggest job on Wall Street right now. Tech leaders from Goldman and Citadel open up about how the job is evolving in the age of AI.
▼ + stars: | 2024-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

"The most powerful part of the AI story thus far is the chief technology officer, chief information officer," Griffin said at the Milken Global Institute. At the most profitable hedge fund of all time, that person is Umesh Subramanian, Citadel's chief technology officer. But in the age of generative AI, the role of the CTO has evolved into something that reaches far beyond the back office. Nearly two years after OpenAI introduced ChatGPT, finance firms are still trying to figure out the best ways to leverage generative AI for their own businesses and workers. Related stories"The level of investment right now in AI, trickling down the whole value chain, is no longer only a technology investment," Argenti said.

Persons: —, Ken Griffin, Griffin, They've, Subramanian, OpenAI, it's, Andrew Chin, AllianceBernstein, Goldman Sachs, Marco Argenti, Chin, Wells, Bridget Engle, Engle, Keri Smith, Argenti, Citadel's Subramanian, Wall, Accenture's Smith, AllianceBernstein's Chin, Goldman's Argenti Organizations: Service, Citadel, Milken Global Institute, Business, BNY Mellon, Goldman, Amazon Web Services, Management, Accenture, Tech, Wall Locations: Wall

☆ Charli XCX's 'Brat' era is making remixes fun again. Other pop stars should take note.
▼ + stars: | 2024-08-02 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Read previewBillie Eilish has gleefully joined the extended "Brat" universe with her featured spot on "Guess," a fan-favorite track from Charli XCX's latest album. Related storiesNow, with "Guess," Eilish enters as both a foil and hopeful love interest. She sing-raps as if she's responding to Charli's original lyrics, breaking the fourth wall with a seductive wink: "Charli likes boys, but she knows I'd hit it." In the "Guess" remix, Charli tweaks her own verse as a nod to Eilish's new era: "Wear 'em, post 'em, might remix it / Eat it up for lunch, yeah, it's so delicious." Each "Brat" remix is arguably as good as the original, yet distinct and unique in its own right.

Persons: —, Billie Eilish, Charli, Eilish, Addison Rae, Robyn, Yung Lean, Rae, Timbaland, Justin Timberlake, Nelly Furtado's, doesn't, — it's, Julia, George, Sophie, Julia Fox, Cook, Charli's fiancé George Daniel, They're, Ariana Grande, Taylor, Mariah Carey, Justin Bieber, they've, it's Organizations: Service, Business Locations: Dua

With the Galaxy Z Flip 6, Samsung has effectively addressed some of these compromises. Samsung Galaxy Z Flip 6 Samsung's iconic flip phone has been upgraded with a new model, the Galaxy Z Flip 6. Unfolded, the Galaxy Z Flip 6 is a two-tone device, no matter what color you pick. The Galaxy Z Flip 6 has wider black borders around the display than the Galaxy S24. The Galaxy Z Flip 6 changed my critical mind of Samsung's flip phones.

Persons: Antonio Villas, It's, it's, There's, —, Samsung's, Samsung, ultrawide, they've, I'd Organizations: Business, Samsung, Amazon, Boas, Galaxy, Qualcomm, Wireless, YouTube

☆ Millennial Internet Is Dead; RIP Neopets, Club Penguin, and Webkinz
▼ + stars: | 2024-08-01 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +13 min

At Club Penguin, I adopted colorful pets called puffles and purchased kitsch furniture for my virtual igloo. "I was big on Club Penguin, Wizard101, Moshi Monsters, and this obscure one called Ourworld," he told me. Club Penguin, which ran from 2005 to 2017, stands out as one of the era's most beloved virtual worlds. "That same generation logged into Club Penguin to play with friends." In 2017 it shut down Club Penguin and replaced it with a mobile version, Club Penguin Island.

Persons: millennials, Gen Zers, Dylan Maleno, Lance Priebe, I'd, Jake Hahn, they're, Sara Grimes, weren't, Flappy Bird, Disney, Toontown, they've, MMOs, Roblox, Ashley Hernandez, " Hernandez, Neopets, Dominic Law, Aimee Pearcy Organizations: Penguin, Disney, University of Toronto's, of Information, Fortnite, Facebook, The New York Times Locations: Pennsylvania, Wizard101, Moshi, Illinois, Fortnite, New York City

☆ Trump's bitcoin strategy was shared behind closed doors with CEOs who raised $25 million. Here's what he told them.
▼ + stars: | 2024-08-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +15 min

Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.

Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López

☆ I'm 30 years old and only make enough money to cover the essentials. I rely on my parents to pay for fun things.
▼ + stars: | 2024-08-01 | by ( Zach Moser | ) www.businessinsider.com time to read: +4 min

As much as I may enjoy them, I don't need them the same way I need to pay rent and buy groceries. Related storiesIt's not rent or utilities or the many things I'm fortunate enough to be at least able to afford. The author — pictured with his mom and sisters — relies on his parents financially for fun things. I don't buy a lot of groceries, mostly rice, cheese, and occasionally eggs. But when my parents are here, I'm ordering the Weissbeer that's new on the draft list for a limited time only.

Persons: Miller, —, It's, it's, I'm, they've Organizations: Service, Gatorade, CVS Locations: Wawa, It's

☆ The Fed keeps interest rates high for now—here's how much money it could be costing you each month
▼ + stars: | 2024-08-01 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

30-year fixed-rate mortgagesIn 2022, the average 30-year fixed rate mortgage rate was 4.3%, while the current rate is 6.9%, per Mortgage News Daily. Total monthly difference: $42New vehicle financingIn 2022, new auto loans had an average interest rate of 5.2% while the current average is 7.3%, per Edmunds data. For a 60-month financing of around $40,000, monthly payments have increased from $759 to $798. Total monthly difference: $39Credit cardsIn 2022, the average credit card interest rate was 16.3%, while the current rate is 20.7%, per Bankrate data. Total monthly difference: $19

Organizations: Federal Reserve, Fed, Mortgage Locations: Edmunds

☆ Cramer says the Fed's reluctance to cut rates contributed to Thursday's sell-off
▼ + stars: | 2024-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined Thursday's market action, attributing the day's brutal sell-off to the Federal Reserve's decision to hold rates steady instead of making a cut. "To me, today's terrible action in stocks was a function of the Fed not cutting rates yesterday," he said. Although Fed Chair Jerome Powell indicated a rate cut was "on the table" in September, many on Wall Street feared that would be too late. The "soft economy" is new, he added, saying last year at this time Wall Street criticized the Fed for being unable to tame inflation. "I have better things to do with my time than lambaste a Fed chief for conceivably letting the economy wither for seven more weeks," Cramer said.

Persons: CNBC's Jim Cramer, they've, Jerome Powell, Russell, Cramer, lambaste, Powell Organizations: Federal, Wall, Investors, Dow Jones, Nasdaq, Treasury, Fed

☆ Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk
▼ + stars: | 2024-08-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing . And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get. AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than. What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down? With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.

Persons: —, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee Locations: Hollywood, London, Milan, Dubai, New York

☆ An ex-'Below Deck Med' cast member now crews a private luxury yacht in the Bahamas with her boyfriend. They work 16-hour days, but say it's the best hospitality job they've ever had.
▼ + stars: | 2024-08-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

AdvertisementLong days for the two-men crewAn interior view of the Sailing Location yacht. Lily Davison and Nik Dorward wear multiple hats on their trips, doing everything from cooking to acting as tour guides. Tops other hospitality jobsA coconut drink served on board Sailing Location. AdvertisementAnd they haven't had any nightmare guests, Davison said, unlike when she was on "Below Deck Med." Nik Dorward and Lily Davison aboard the Sailing Location yacht.

Persons: —, Lily Davison, Nik Dorward, Davison, It's, Dorward, Pablo Escobar's, James Bond's, they've Organizations: Service, Business Locations: Bahamas, Nassau , New Providence, Norman's, Staniel Cay, Florida

☆ The new sports streaming bundle will cost $43 a month — but won't have some of TV's most popular sports
▼ + stars: | 2024-08-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

What would you pay for a streaming service that gave you lots — but not all — of the biggest sports programming on TV? Most crucially, it won't include lots of NFL games, since the package doesn't include CBS, which has the national rights to AFC games on Sundays. Take the NFL out of traditional TV and there's almost nothing left at this point. If you wanted a streaming service that had all of the NFL games on traditional TV, you'd need a service like YouTube TV, which currently costs $73 a month. That's partly because the TV companies that are part of the bundle kind of believe that, and partly because they have a delicate relationship with pay TV distributors like Comcast.

Persons: Venu —, It's, Venu, they've, they're Organizations: Service, Disney, Fox, Warner Bros, ESPN, FS1, ABC, TNT, Business, CBS, AFC, NBC, NFL, YouTube, NBA, Comcast, Netflix, Bowl

☆ We asked Mark Cuban how he's going to disrupt Big Pharma. He said it's pretty straightforward, actually.
▼ + stars: | 2024-08-01 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Here's how it works: Cost Plus Drugs, as the name implies, gets drugs directly from manufacturers, cutting out the pharmaceutical middlemen and their extra costs. You pay a 15% markup to Cost Plus Drugs, plus a fixed $5 for labor on each medication and $5 for shipping. How much will a name-brand, 30-day supply of the biggest dose of the "little blue pill" (100mg) cost you? A generic form of the same 30-day supply might start somewhere around $250, but can also exceed $1,000. AdvertisementCost Plus tells consumers that it pays the manufacturer $3 for that same 30-day supply of 100mg generic Viagra tablets.

Persons: —, Cuban, Abraham Gonzalez Fernandez, unbranded, isn't, who've, they've Organizations: Service, Big Pharma, Cuban, Plus, Business, Shark, Dallas Mavericks, Pfizer, Novo Nordisk, US Food and Drug Administration Locations: Texas

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