Thursday, January 20

Business

Business

Disney Shakes Up Streaming Management, Forms International Hub – The Wall Street Journal
Business

Disney Shakes Up Streaming Management, Forms International Hub – The Wall Street Journal

Walt Disney Co. said it is shaking up its streaming management and forming a new hub for international content creation as the company searches for further growth amid intense competition. The company on Wednesday named Michael Paull to the newly created role of president of Disney Streaming, in which he will oversee Disney+, Hulu, ESPN+, and Star+ globally for the company’s media and entertainment distribution division. Mr. Paull, who previously oversaw Disney+ and ESPN+, will report to Kareem Daniel, chairman of the media and entertainment distribution unit.
SEC eyes tighter disclosure deadlines for hedge funds building big stakes in companies – CNBC
Business

SEC eyes tighter disclosure deadlines for hedge funds building big stakes in companies – CNBC

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021.Bill Clark | Bloomberg | Getty ImagesSecurities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge funds building sizable stakes in companies.The agency is considering changing the rules under which hedge funds disclose that they have acquired 5% of a public company's stock, Gensler said during a virtual Q&A at the Exchequer Club in Washington, D.C..The so-called Schedule 13-D filing is currently set at 10 days, which gives hedge funds more than a week to keep buying in secret."I would anticipate we'd have...
Netflix Reports Earnings on Thursday. Heres What to Expect. – Barrons
Business

Netflix Reports Earnings on Thursday. Heres What to Expect. – Barrons

Netflix shares head into Thursday’s fourth-quarter earnings report under a cloud. The streaming-video service’s shares are off nearly 20% since it posted third-quarter results in October—and 6% below where they were at the end of 2020. Investors have been treating Netflix (ticker: NFLX) as an out-of-favor stay-at-home play, a segment in which stocks like Zoom Video Communications (ZM), Peloton Interactive (PTON), and Chegg (CHGG) have cratered as some parts of the economy reopen—even while the pandemic drags on. That’s...
BREAKING: Luxury line Crystal Cruises suspends operations for three months amid financial trouble – The Points Guy
Business

BREAKING: Luxury line Crystal Cruises suspends operations for three months amid financial trouble – The Points Guy

Crystal Cruises suspends operations for three months amid financial trouble Advertiser Disclosure Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been revi...
PepsiCo and Beyond Meats joint venture will reportedly launch a plant-based jerky – CNBC
Business

PepsiCo and Beyond Meats joint venture will reportedly launch a plant-based jerky – CNBC

Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City.Angela Weiss | AFP | Getty ImagesBeyond Meat and PepsiCo's joint venture is planning to launch a plant-based jerky as its first product, Bloomberg reported Wednesday.Beyond and Pepsi announced the joint venture, called The PLANeT Partnership, nearly a year ago with the goal of creating plant-based snacks and drinks together. The partnership gives Beyond, a relative newcomer to the food world, a chance to leverage Pepsi's production and marketing expertise for new products. For its part, Pepsi can deepen its investment in plant-based categories — which are growing increasingly crowded — while working with one of the top creators of meat substitutes. It also helps ...
Gilead announces massive seizure of counterfeit HIV-1 drugs – CNN
Business

Gilead announces massive seizure of counterfeit HIV-1 drugs – CNN

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5G C-band FAQ: phones, planes, and launch cities – 9to5Mac
Business

5G C-band FAQ: phones, planes, and launch cities – 9to5Mac

You’ve probably noticed a lot of headlines about 5G recently. Understandably, you might have questions. Why is 5G in all the headlines recently? Is it safe to fly? Should your phone be super fast now? Hasn’t 5G been around for years? We’ve got answers to these questions and more. Why is 5G in the news? 5G, the next generation of cellular service after 4G LTE, has been around for a few years now. A number of Android phones were first to work with 5G, and Apple brought 5G support to iPhones in 2020 and iPads last year. What’s new with 5G is C-band spectrum, which includes radio waves previously used with those gigantic dishes people used to have in their yard for satellite TV. The FCC (Federal Communications Commission) cleared and auctioned off this spectrum for use as 5G cellular s...
5G news – latest: Trump official says Biden refused to ‘side with science,’ prompting airline chaos – The Independent
Business

5G news – latest: Trump official says Biden refused to ‘side with science,’ prompting airline chaos – The Independent

US airlines warn rollout of 5G networks could cause major disruption Donald Trump appointed FCC Commissioner Brendan Carr issued a statement Wednesday blaming the Biden administration for the chaotic rollout of Verizon and AT&T’s 5G wireless, which caused several airlines to cancel or delay flights in and into the US over fears that the technology would disrupt aircraft instruments.“This is a clear failure of leadership. At any point in time, the White House could have stood up and sided with the science. They didn’t,” Mr Carr said.Major international airlines have begun cancelling flights to the United States after the Federal Aviation Administration raised concerns about 5G wireless towers near airports.Emirates, Air India, Japan Airlines and All Nippon Airways announced it would sus...
Winnebago Is Prepping Itself For The Electric Future – Jalopnik
Business

Winnebago Is Prepping Itself For The Electric Future – Jalopnik

Image: WinnebagoWinnebago, yes that Winnebago, is jumping onboard the electric vehicle bandwagon in a big way. This week at the RV Super Show in Tampa, Fla. the company unveiled the e-RV, what it is calling the first all-electric zero emission motorhome concept. You can look at it and instantly tell that it’s Ford Transit-based, which makes sense as Ford recently unveiled an electric Transit. Clearly this is based on the high-roof long-wheelbase Transit chassis, but with a dually rear axle, which as far as I can tell is not offered on the E-Transit builder. Winnebago may have started with a Transit body-in-white from Ford, as it says it sourced the electric motor system from a company called Lightning eMotors. “This is an exciting time for Winnebago Industries and the outdoor lifestyle in...