Tony Khan intends to keep AEW a private company so that he can eventually pass it down to his children. In an interview with Alex Sherman, AEW CEO Tony Khan was asked about the possibility of taking AEW public. He emphasized his desire to maintain it as a family business. “I want to build,” said…
Fashion Brands, Calvin Klein and Tommy Hilfiger Face Higher Costs After Trump Tariffs
China has placed the owner of Calvin Klein and Tommy Hilfiger on its blacklist, a move that could compel the company to close stores and cease manufacturing operations in China as an early consequence of President Donald Trump’s trade war. On Tuesday, China added PVH Corp. to its “unreliable entities” list, granting the Chinese government…
How Bristol Myer Squibb Wants To Save $2 Billion in Cost By 2027
Bristol Myers Squibb announced on Thursday that it will implement $2 billion in cost reductions by the end of 2027, expanding its current cost-saving initiatives to support long-term growth. The company stated that these savings will be achieved through organizational restructuring and operational streamlining, allowing for reinvestment in new scientific advancements and drug brands expected…
Trump’s Tariffs on China To Affect Manufacturing Cost For Ford and GM
President Donald Trump’s decision on Saturday to enforce an additional 10% tariff on Chinese imports has a limited effect on U.S. vehicle imports. However, these tariffs also impact auto parts, potentially driving up vehicle prices for consumers. The U.S. has annually imported between $15.4 billion and $17.5 billion worth of transportation goods from China, including…
Disney Profit Estimates Reached While Losing Subscribers on Disney Plus in The Last Quarter
Disney released its fiscal first-quarter earnings on Wednesday, surpassing analysts’ expectations on both revenue and profit. However, the report also confirmed the anticipated decline in Disney+ streaming subscribers. The company’s streaming division remained profitable for another quarter, despite Disney+ experiencing a 1% drop in its total subscriber base. While domestic subscriptions increased by approximately 1%,…
Boeing Lost $2 Billion on Their Spacecraft Program Developing The Starliner
Boeing has now accumulated losses exceeding $2 billion on its Starliner spacecraft, following a turbulent year in which the capsule’s first astronaut mission turned into a major challenge for NASA. In a filing on Monday, Boeing disclosed that the Starliner program recorded charges of $523 million for 2024—its largest single-year loss to date. The company…
Fox is Set To Launch its Own Subscription Based Streaming For Entertainment and Sports
Fox Corp is officially entering the direct-to-consumer streaming market. The company, best known for its news and sports television content, announced Tuesday that it plans to launch a subscription streaming service by the end of the year. CEO Lachlan Murdoch emphasized on the company’s quarterly earnings call that the new service is not intended to…
Pepsico Earnings Went Up Overall But Demand For Drinks and Snacks Lowers
PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and beverages in North America declined for the fifth consecutive quarter. Shares of the company ended the day down more than 4%. For the fourth quarter, PepsiCo posted net income attributable to the company of $1.52 billion, or $1.11 per share, up from…
Merck Value Affected After Pause of Gardasil Vaccine Delivery To China
Merck released its full-year 2025 revenue guidance on Tuesday, falling short of Wall Street’s expectations due to a temporary pause in shipments of a key vaccine to China. Shares of Merck dropped 8% by the market’s close on Tuesday. The pharmaceutical giant projects 2025 sales between $64.1 billion and $65.6 billion, below the $67.31 billion…
Trump’s Trade War Around The World is Affecting Stock Markets After Tariffs Implemented
Stock markets across Asia and Europe tumbled on Monday after Donald Trump imposed tariffs on Canada, Mexico, and China, fueling concerns of a renewed “America First” trade war that could slow global economic growth. US stock futures signaled a significant selloff ahead of the market opening. “Trade war 2.0 begins,” UBS strategists noted in a…