The film industry is witnessing a remarkable resurgence, promising an exhilarating year for IMAX. CEO Rich Gelfond recently emphasized that the company is poised to achieve an unprecedented $1.2 billion in box office sales in 2025. This ambitious prediction comes at a time when audiences are gradually rebuilding their enthusiasm for theatrical releases, especially after
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The landscape of cancer treatment is continually evolving, driven by innovation and a deepening understanding of the disease’s biology. Recently, the U.S. Food and Drug Administration (FDA) made headlines by approving an injectible version of Opdivo, a leading cancer drug developed by Bristol Myers Squibb. This development marks a significant milestone in the treatment of
Berkshire Hathaway, the diversified multinational holding company led by the legendary investor Warren Buffett, announced remarkable financial results for the fourth quarter of 2024. The report highlights a staggering 71% increase in operating profit, attributed primarily to the performance of its insurance division, which saw a year-over-year recovery. Specifically, the company recorded an operating profit
Investing in dividend-paying stocks has long been regarded as a strategy for those seeking consistent income and enhanced portfolio returns. However, selecting the right stocks from an overwhelming array of market options requires diligence and expertise. Investors often find themselves in a bind, trying to decipher which companies are stable and willing to uphold their
23andMe, a household name in consumer genetic testing, is facing a fraught moment as it contemplates a significant shift from public to private ownership. The recent proposal put forth by CEO Anne Wojcicki in collaboration with New Mountain Capital seeks not only to stabilize the company but to navigate through a year wherein its stock
The recent plunge in cruise line stocks highlights the sensitivity of this industry to statements from political figures, particularly those regarding tax reforms. When Commerce Secretary Howard Lutnick stated that the Trump administration was considering a crackdown on taxes for cruise companies, it sent shockwaves through the market. This response underscores how deeply interconnected political
In recent months, the horror genre has seen a substantial influx of new films, yet one title stands out among the rest: NEON’s “The Monkey.” With projected opening weekend figures between $12M and $14M, this film threatens to take the crown for the best debut of 2023 in its genre. Initial previews, garnering $1.9M, indicate
In a shocking turn of events, Bybit, a prominent cryptocurrency exchange, experienced a massive security breach resulting in the theft of approximately $1.5 billion worth of digital assets. This incident has been labeled the largest crypto heist to date, surpassing previous breaches in scale and ambition. Compromising Bybit’s cold wallet—an offline storage solution designed specifically
The New York Yankees, known for their rich history and strict regulations, have taken a significant step towards modernity by lifting a 50-year ban on player beards. This landmark decision, recently announced by owner Hal Steinbrenner, signifies a shift in the organization’s culture, one that acknowledges the evolving norms within professional sports. The new policy
The insights of billionaire investor Steve Cohen reflect a troubling forecast for the U.S. economy, stemming from a combination of protective tariffs, restricted immigration, and significant cuts in federal spending. As the chairman and CEO of the hedge fund Point72, Cohen’s stance offers a critical view on governmental economic strategies that could have lasting implications