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New York CNN —A Colorado man has filed the first lawsuit against McDonald’s relating to its E. coli outbreak linked to Quarter Pounders that, so far, has led to at least 49 illnesses across 10 states, including one death. The lawsuit was filed one day after the US Centers for Disease Control and Prevention issued a food safety alert warning that dozens of people reported eating the Quarter Pounder sandwich at McDonald’s before becoming sick. The lawsuit, a copy of which was posted online by Bloomberg Law, accuses McDonald’s of product liability, negligence and breach of implied warranties. “The McDonald’s E. coli Outbreak will be one of the most significant food poisoning outbreaks this year,” Simon said in a press release. Diced onions and other types of beef patties used at McDonald’s have not been implicated in this outbreak, the FDA said.
Persons: Eric Stelly, Ron Simon, didn’t, Joe Erlinger, ” McDonald’s, Simon, ” Simon, McDonald’s, Taylor Organizations: New, New York CNN, US Centers for Disease Control, Bloomberg Law, Food and Drug Administration, USA, CDC, FDA, Taylor Farms Locations: New York, Greeley , Colorado, Cook County , Illinois, Chicago, McDonald’s, Colorado , Kansas , Utah, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma, Taylor Farms Colorado
However, slower-than-expected adoption of EVs and higher costs have led it to change course and include extended-range electric vehicles, or EREVs. Scout Terra pickup truck conceptKeogh said Scout added EREVs to better protect the brand from any market volatility amid less-than-expected consumer demand for EVs. Interior of Scout Traveler SUV concept ScoutBoth the Traveler and Terra are expected to start between $50,000 and $60,000 with available incentives, according to Scout. It's larger than Jeep's well-known Wrangler, which is currently available as a plug-in hybrid electric vehicle. Scout Traveler SUV concept
Persons: Scott Keogh, Keogh, Scout, Ford, Stellantis Organizations: Scout, NASHVILLE, — Volkswagen, Scout Motors, CNBC, EV, Lucid, VW, International, American, Ford Bronco, Toyota Land, Ford, General Motors Locations: Tenn, American, U.S, South Carolina, Scout's South Carolina, Canada, U.S ., Nashville , Tennessee
After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.
Persons: Carlos Tavares, Tavares, , Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois
Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.
Persons: , Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna
Coca-Cola on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, thanks to a boost from higher prices that offset sluggish demand. Unit case volume fell 1% in the quarter, driven by weakening demand in some international markets. Consumer companies, including Coke, have reported in recent months that customers are more price sensitive, leading to sluggish demand for its products as prices remain high. Pepsi said volume for its North American beverage business fell 3% in its third quarter, fueled by weakening demand for energy drinks. Coke is projecting a low-single-digit headwind for comparable revenue and a mid-single-digit headwind for earnings per share.
Persons: Coke, Quincey Organizations: LSEG, Consumer, PepsiCo, Quaker Foods, Pepsi, CPI Locations: U.S, North America, Chico, Europe, Middle East, Africa, Asia, Pacific, China, Turkey, Latin America, Argentina
Victims of the E. coli outbreak linked to McDonald's are preparing to sue. A top food safety attorney told BI that his phones have been "ringing off the hook." AdvertisementVictims who have been sickened in connection to the deadly E. coli outbreak linked to McDonald's famed Quarter Pounders are already lawyering up. AdvertisementThe lawsuit, which alleges negligence by McDonald's, says that health investigators confirmed Stelly was part of the E. coli outbreak linked to McDonalds. Related storiesIn a statement, Simon said the McDonald's-related E. coli outbreak "will be one of the most significant food poisoning outbreaks this year."
Persons: , Ron Simon, Simon, Eric Stelly, Stelly, Meyers, McDonald's, Simon — Organizations: Service, Associates, McDonalds, McDonalds . Representatives, Boar's, Disease Control, Prevention, CDC Locations: Houston , Texas, Colorado, Greeley, McDonalds ., Colorado and Nebraska
Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months. AdvertisementFord CEO Jim Farley says he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year. "I don't like talking about the competition so much, but I drive the Xiaomi," Farley said while speaking to the British presenter Robert Llewellyn on "The Fully Charged Podcast." The Chinese tech giant produces three versions of the car: SU7, SU7 Pro, and SU7 Max. Competing with rivals such as Xiaomi will be critical for Ford as it formulates its approach to the EV market.
Persons: Jim Farley, he's, Farley, Xiaomi, , Robert Llewellyn, Llewellyn, I've, SU7 Max, Farley didn't, They're, BI's Matthew Loh, Loh, John Lawler, Jim, Lawler, Ford Organizations: Service, Ford, Business Insider, EV, China, Street, Changan Automobile, Research, Business Locations: British, Shanghai, Chicago, China, Brazil, Thailand
The owner of a $137.5 million LA mansion says they're a victim of deed fraud and can't sell it. AdvertisementSpelling Manor's owner told the Journal through their lawyer that scammers filed a fraudulent deed with Los Angeles County earlier this year. The FBI's Internet Crime Complaint Center doesn't specifically track deed fraud. Gordon eventually got his property back after the title company signed a quitclaim deed that relinquished ownership, giving him his land back. Kiar said that in September, someone contacted a title company saying they had a vacant lot to sell in Hallandale Beach.
Persons: they're, , Aaron Spelling, It's, Eric Schmidt —, scammers, Paul Harris, Tyler Adams, it's, Fraudsters, Victor Petrescu, LKLSG, Adams, Spelling, Elvis Presley, Elvis Presley's, Riley Keough, Jerod Harris, Lisa Jeanine Findley, Graceland, Findley, Scammers, William Gordon's, Gordon, Gabriella Cázares, Kelly, Petrescu, Daniel Kenigsberg, Marty Kiar, Kiar, hadn't, fraudsters Organizations: Service, Google, Wall Street Journal, Association, Spelling, BI, Mapleton, LA, Graceland, GAB, Getty, Naussany, NBC Miami Locations: Los Angeles, Beverly, Mapleton, Saudi, Angeles, Spelling, LA, Miami, Memphis , Tennessee, Missouri, Arizona, Pima County, Texas, , Fairfield , Connecticut, Johannesburg, Broward County , Florida, Hallandale Beach
Shares of South Korean media company YG Plus soared to a seven-month high after the release of a collaboration track between Blackpink member Rosé and Bruno Mars on Oct. 18 topped streaming charts. Rosé debuted in 2016 as one of the four members of Blackpink, under Kosdaq-listed YG Entertainment. Records from The Black Label are distributed by YG Plus, also a YG Entertainment subsidiary. YG Entertainment shares climbed as much as 3.53% on Tuesday. Despite the boost, the parent company's stocks have dropped 22.5% year-to-date, dragged by uncertain conditions facing the global music industry.
Persons: Rosé, Bruno Mars, Taylor Swift Organizations: YG, APT, iTunes, YouTube, YG Entertainment, Atlantic Records, YG Plus Locations: Seoul, Korean, South Korean
Ever since 2022, when inflation hit a 40-year high of 9%, Americans have been pissed off about the economy. Traditionally, economists (being economists) have focused on the economic costs of inflation — i.e., are price increases wiping out everyone's annual raise? In a normal economy, the small raises companies give are enough to offset the minimal inflation we typically see. In a survey of 3,000 workers, researchers found that most — a whopping 79% — just accepted the salary they were offered. AdvertisementBut now, poring over the new study, I realize I overlooked the role inflation has played in reshaping the pandemic-era workplace.
Persons: Donald Trump, didn't, , I've, Will, we're, Aki Ito Organizations: Pew Research Center, National Bureau of Economic Research, Business Locations: American
The retired elementary teachers, originally from Syracuse, New York, resolved to leave the US and move to Italy for good. Memorable tripUS couple Tony and Francine Smarrelli, both of Italian descent, relocated to Italy in December 2023. Other plus points included the superb restaurants (cheaper than in the States) and the friendliness of the people, say the couple. According to Tony, his father and grandfather migrated from Italy to the US in 1938 to make a better life for themselves. Lifestyle changeThe couple have found life in Italy to be far cheaper, and say that their monthly expenses are significantly reduced.
Persons: Tony Smarrelli, Francine, Tony, Francine Smarrelli, Mark’s, , ’ ” Tony, , expats, hadn’t, Cooper, He’d, Scalea, he’s Organizations: CNN, Eastern Seaboard, , Pinehurst, Country Club Locations: Venice, Italy, Syracuse , New York, Scalea, Italian, Calabria, St, Tocco, Abruzzo, Naples, American, South California, Syracuse, Pinehurst , North Carolina, “ Southern Italy
Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.
Persons: Baiju Bhatt, Bhatt, Robinhood, , Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay
CNN —A year after Collins Dictionary named “AI” its word of the year, the buzz around artificial intelligence is only getting louder. AI and robotics were the big themes at Gitex Global, which bills itself as the world’s largest tech event and ran Monday to Friday last week at Dubai’s World Trade Centre. “I think what (was) very exciting this year (was) the focus on AI and deep tech,” said Trixie LohMirmand, executive vice president of Dubai World Trade Centre and CEO at KAOUN International, which organizes the event. Several companies launched new products at this year’s show, including Dubai-based deep tech company Xpanceo, which debuted the new prototypes of its smart contact lenses. A prototype of an Xpanceo contact lens at Dubai's Gitex.
Persons: , Trixie LohMirmand, Patrick Dennis, hasn’t, Gitex, Organizations: CNN, Collins, Trade, Dubai World Trade Centre, KAOUN, Avaya, Gulf Computer, United Arab Locations: Dubai, United Arab Emirates, Germany, Singapore, Morocco, South Korea, Nigeria
For the first time in 43 years, two of baseball’s bluebloods are squaring off in the World Series. Finally, it will happen with Aaron Judge and Shohei Ohtani making their respective World Series debuts against one another. Of course, baseball’s postseason is often defined by upsets, and not since 2013 has the World Series featured a matchup of each league’s top team. The Juan Soto ShowcaseThe World Series begins Friday, which is Juan Soto’s 26th birthday. When the Yankees eliminated the Guardians on Saturday night, the last three clubs standing — the Dodgers, Yankees and Mets — were also one-two-three in payroll when the season began.
Persons: Shohei Ohtani, Aaron Judge, Shohei, Nick Cammett, Ohtani, Judge, he’s, Aaron Boone, Dave Roberts, Roberts ’, Roberts, Boone, Clay Holmes, Jason Miller, , Anthony Volpe, Jazz Chisholm, Giancarlo Stanton, Juan Soto, Juan Soto’s, Soto, Tim Britton, there’s, Steve Cohen, Rustin Dodd, Sean M Organizations: Los Angeles Dodgers, New York Mets, National League, American League, New York Yankees, Los Angeles Angels, Dodgers, Yankees, Baseball, NL, Mets, MLB, Kansas City Royals, East Locations: Los Angeles, pinstripes, Los Angeles and New York, Ohtani
CNN —Paul Whelan, the American who spent five and a half years wrongfully detained in Russia, revealed Sunday that he had passed to Western officials information he received from fellow prisoners who were fighting for Russia on the frontlines in Ukraine. “The prisoners from the camp that went to the frontline, they had communication. Whelan added that he and others were able to communicate with former prisoners through “burner” phones that they could acquire even while at the Russian labor camp in Mordovia. “Yeah, we had burner phones.”Whelan added that the guards “looked the other way” in exchange for goods such as cigarettes. His camp was primarily made up of young men from central Asian countries such as Tajikistan, Uzbekistan and Kyrgyzstan, Whelan said.
Persons: CNN — Paul Whelan, , ” Whelan, Whelan, , Putin, CNN’s Jennifer Hansler Organizations: CNN, CBS, Wagner Group Locations: Russia, Ukraine, United Kingdom, Canada, Ireland, Mordovia, , Tajikistan, Uzbekistan, Kyrgyzstan, United States, Germany
The relievers stitched together 27 outs against a Mets team that had appeared allergic to cardiac arrest this month. AdvertisementWhen Dodgers officials thought about Ohtani, they conjured fantasies about endless streams of revenue and a decade of contending for the World Series. For a few hours after the story broke, Dodgers team president Stan Kasten wondered if the team had built its future around a fraud. The Dodgers hung nine runs on the Mets in Game 1, eight in Game 3 and 10 in Game 4. In Game 6, Mets manager Carlos Mendoza turned to Sean Manaea, his best starter, who had quieted the Dodgers in Game 2.
Persons: Shohei Ohtani, Tommy Edman, Will Smith, Ohtani, Dave Roberts, Andrew Friedman, hobbled, It’s, ” Roberts, Yoshinobu Yamamoto, Yamamoto, Friedman, Tyler Glasnow, Mookie Betts, Freddie Freeman, Ippei, Stan Kasten, Mizuhara, ” Ohtani, Will Ireton, Betts, Clayton Kershaw, Glasnow, Freeman, Ken Rosenthal, Rosenthal, Hernández, ” Hernández, , ” Rosenthal, Carlos Mendoza, Sean Manaea, Michael Kopech, Teoscar, Edman, Max Muncy, Phil Maton, Smith, SMITH, HOMER 💪, odgers, ake Organizations: ANGELES, National League pennant, Los Angeles Dodgers, National League Division, Dodgers, The Dodgers, New York Mets, National League, Mets, New York Yankees, Dodger, San Diego, Tampa Bay Rays, National League West, Padres, The Athletic, Milwaukee Brewers, Philadelphia Phillies, Manaea Locations: San, Los Angeles, Ohtani, tatters, San Diego, Queens
First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.
Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States
A woman boils water while another lights her with a mobile phone during a nationwide blackout in Matanzas, Cuba, on Oct. 18, 2024. Cars drive through a dark street, in Havana, on Oct. 18, 2024. He blamed the U.S. embargo on Cuba for the lack of fuel and hard currency it needs. Over one million people, or 10% of Cuba’s population, have fled the island between 2022 and 2023, according to the country’s national statistics office. Orlando Matos reported from Havana and Carmen Sesin reported from Miami.
Persons: Antonio Levi, Nick Kaiser, Miguel Díaz, Canel, Bruno Rodríguez, Adalberto Roque, Donald Trump’s, Orlando Matos, Carmen Sesin Organizations: Electric, Getty, Antonio Locations: Cuba, State, Havana, Matanzas , Cuba, AFP, night’s, U.S, Venezuela, Russia, Mexico, Miami
The Minnesota Lynx coach has participated in five of the last seven Game 5s in the WNBA Finals. AdvertisementMinnesota’s 82-80 Game 4 win Friday night was the series’ closest game from start to finish. Everyone Watches Womens Sports 💪 #WNBAFinals @WCCO pic.twitter.com/32ERUzKzty — Marielle Mohs (@MarielleMohs) October 17, 2024What will decide the first Game 5 of a WNBA Finals since 2019 remains an open question. Just be fair.”AdvertisementThe Liberty took 11 fewer free throws than the Lynx in Game 4, but they had taken eight more free throws heading into Friday night. “I think that what I’m just thrilled about is that this group gets to experience the Game 5,” said Reeve, who is 3-2 in her prior finals Game 5 appearances.
Persons: Cheryl Reeve, isn’t, ” Reeve, hird, ange F riday, rove, hough, eason Organizations: MINNEAPOLIS, Minnesota Lynx, WNBA, Lynx, New York Liberty, New, ince, ff., ust Locations: Brooklyn
Insider Today: America's billionaire hub
  + stars: | 2024-10-19 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.
Persons: , Siri, James Bond, Tom Carter, Ram, Fiat —, Leapmotor, Carlos Tavares, Joey Hadden, Jackson, It's, BI's Joey Hadden, Taylor, Chelsea Jia Feng, Taylor Swift, Swift, she'll, Konrad Krajewski, Uber, Priyanka Rajput, Troy Aikman, Anna Kendrick, Jason Segel, Harrison Ford, Peacock, Elisabeth Finch, Rebecca Zisser, We've, grout, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Getty, BYD's, Paris, European Union, Jeep, Fiat, Economic Policy Institute, Target, BI, NFL, Apple, Netflix Locations: London, China, Jackson Hole , Wyoming, York City, Manhattan, LaGuardia, ozina, caked, Patagonia, New York City, New York, Chicago
Since moving to Florida in 2016, my family and I have faced several major hurricanes. Florida may seem dangerous, but the people who live here know the risk of hurricanes is worth it. "You're wondering what you did moving your family here with these storms, but they rarely happen and you will love living here. AdvertisementDespite the dangers of living in Florida, I love living hereSeven years after moving to the Sunshine State, I know my family doctor was right. There are so many things to love about living in FloridaThere are more things I love about Florida than I can count.
Persons: , Hurricane Matthew, we'd, Matthew, We've, Hurricane Irma, we've, Dorian, Elsa, Idalia, Florida —, Augustine, Mickey Mouse, we're, Jim Cantore's, Jim Cantore Organizations: Service, Sunshine State, Walt Disney Locations: Florida, Maryland, Hurricane, Milton, Christmastime, St, West Coast, It's
The latest example came Wednesday, at a forum held by Univision, where Trump called Jan. 6 "a day of love." Aquilino Gonell, whom Trump supporters repeatedly assaulted on Jan. 6, 2021, told NBC News on Thursday. A day of love when more than 140 officers were injured, people lost their career, people lost their lives?" Trump has called into the nightly livestreamed vigil held in support of Jan. 6 defendants outside the Washington jail at least once. Trump's running mate, Yale-educated Sen. JD Vance, R-Ohio, has repeatedly avoided explicitly saying Trump lost the 2020 election.
Persons: WASHINGTON, Donald Trump's, Trump, , Aquilino Gonell, Jan, “ Trump, Jack Smith, , Steven Cheung, Gonell, , ” Gonell, , entrap Trump, Sen, JD Vance, Amy Berman Jackson, hasn't, Royce Lamberth —, Ronald Reagan — Organizations: U.S . Capitol, Department, Boys, Republican, Trump, Univision, Capitol Police, NBC, Capitol, Wednesday, Congress, Yale, U.S, District Locations: Washington, Trump's, R, Ohio, U.S
CNN —Indiana Fever star Caitlin Clark has become the first rookie in 16 years to be named to the All-WNBA first team. The guard was already named the 2024 WNBA Rookie of the Year in a near-unanimous vote earlier this month, a fitting title for an astonishing season. Clark also became the first ever rookie to record a triple-double and holds the record for most three-pointers made (122) by a rookie in league history. Las Vegas Aces center A'ja Wilson has also been named in the All-WNBA first team. Las Vegas Aces star Wilson, meanwhile, earned her unanimous place on the first team after a historic season.
Persons: Caitlin Clark, Clark, Napheesa Collier, A’ja Wilson, Breanna Stewart, Alyssa Thomas, Candace Parker, Sue Bird, Tamika Catchings, Diana Taurasi, A'ja Wilson, Corey Sipkin, Stewart, , Marta Xargay, Wilson, Sabrina Ionescu, Jonquel Jones, Nneka Ogwumike, Arike Ogunbowale Organizations: CNN, Indiana, WNBA, Connecticut Sun, Las Vegas Aces, The New York Liberty, Aces, Liberty, Mercury, Seattle Storm, Dallas Wings
Products displayed at the Schneider Electric SE booth at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai, China, on Thursday, June 13, 2024. The chief executive of French power-equipment maker Schneider Electric said on Thursday that the firm's $850 million deal to take a controlling stake in U.S.-based liquid cooling company Motivair will help to bolster its offering to fast-growing and energy-intensive data centers. "We've always said we are going to be agile in respect to acquisitions and targets out there that fit exactly into the strategy of Schneider Electric," Schneider Electric CEO Peter Herweck told CNBC's "Squawk Box Europe" on Thursday. Herweck said the all-cash deal to acquire an initial 75% controlling interest in the equity of Motivair, which was announced on Thursday, was "rich, but not overly expensive" and "fits great" with the firm's strategy. The acquisition takes place as a global rush for the next wave of generative AI coincides with increasing public scrutiny on environmental concerns, with technology giants recently pivoting to nuclear in an attempt to power its AI ambitions.
Persons: We've, Peter Herweck, CNBC's, Herweck, — Sam Meredith Organizations: Schneider, International, Power, Smart Energy Locations: Shanghai, China, U.S
Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.
Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan
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