Celsius energy drink shares rose 44% this week after announcing a significant acquisition of Alani Nu, the fourth-largest energy drink brand in America. The deal, valued at $1.65 billion, is considered reasonable given Alani Nu’s growing sales, which have increased by 50% annually over the last three years. The combined brands now control a 16% … Read more
NFL guard and Dallas Cowboys stalwart Zack Martin has announced his retirement, bringing an end to a storied 11-year career with the team. The 10-time Pro Bowl selection and seven-time first-team All-Pro was known for his reliability, durability, and impact on the field. Martin’s contributions extended beyond traditional statistics, as he protected quarterback Dak Prescott … Read more
The US Food and Drug Administration (FDA) announced that it no longer considers Novo Nordisk’s weight-loss and diabetes drugs, Wegovy and Ozempic, to be in shortage. This declaration allows compounding pharmacies to sell cheaper copies of the brand-name medicines without restrictions. Novo Nordisk confirmed that its supply meets or exceeds current and projected demand. The … Read more
Spain’s former football federation boss Luis Rubiales has been fined €10,800 (£8,942) after being found guilty of kissing a female player, Jenni Hermoso, without her consent during the 2023 World Cup. Rubiales had claimed the kiss was consensual, but Hermoso testified that she did not give her consent. The High Court ruling also banned Rubiales … Read more
Astronomers have made a groundbreaking discovery, revealing the largest sample of feeding black holes at the heart of dwarf galaxies. Using the Dark Energy Spectroscopic Instrument (DESI), researchers identified over 2,500 candidate dwarf galaxies hosting active galactic nuclei, with a significant number of these being “missing link” intermediate-mass black holes. These mid-sized black holes are … Read more
The US Food and Drug Administration (FDA) has determined that semaglutide, an active ingredient in diabetes and weight-loss medications Ozempic and Wegovy, is no longer in shortage. This decision will have implications for patients taking cheaper, compounded versions of the drug. Semaglutide was on the FDA’s shortage list since March 2022 due to high demand … Read more
Boeing CEO Kelly Ortberg has praised Elon Musk as a “brilliant guy” who is helping the company overcome its delays in delivering Air Force One planes. The planes were initially expected to be delivered by 2024 but have been plagued by multiple delays, with Boeing now expecting delivery by at least 2027. Ortberg said Musk’s … Read more
A growing number of studies suggest that Alzheimer’s disease may not be a single disease, but an infection. One study published in 2019 discovered the bacterial culprit behind chronic periodontitis (gum disease) – Porphyromonas gingivalis – in the brains of deceased Alzheimer’s patients. Researchers from the University of Louisville and Cortexyme found that oral infections … Read more
Block Inc. is set to unify its Afterpay, Cash App, and Square units as part of a broader expansion strategy that it expects will be reflected in its earnings by early 2026. The company’s fourth-quarter earnings results were mixed, with revenue coming in at $6.03 billion, an increase of 4.5% year-over-year but below analysts’ estimates. … Read more
Nvidia options traders are being overly optimistic about how earnings will affect the stock, according to Lawrence G. McMillan. The tech bellwether’s recent option pricing illustrates this point. In the fourth quarter of 2024, an at-the-money straddle with Nvidia priced at $14 was sold before earnings. On the day after the announcement, Nvidia surged eight … Read more