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How should states reach out to Medicaid enrollees affected by changes? Our research gives a hint
Experts ask: How can we better reach out to people facing Medicaid renewal deadlines and support them through the paperwork requirements?
Macau Gaming Supplier Asia Pioneer Entertainment (8400.HK) Issues Profit Alert: H1 Net Profit Surges Nearly 90-Fold
Spike Driven by Core Electronic Gaming Equipment DemandHONG KONG and MACAU, Aug. 10, 2026 /PRNewswire/ -- Asia Pioneer Entertainment Holdings Limited ("APE" or the "Group"; Stock Code: 8400.HK), a Macau-based electronic gaming equipment (EGE) supplier listed on the GEM market of the Hong Kong Stock…
Amundi Has $760,000 Stake in PENN Entertainment, Inc. $PENN
Amundi trimmed its stake in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 93.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,567 shares of the company's stock after selling 731,502 sha
Korea’s market volatility becomes TV entertainment
Amid the highs and lows of South Korea’s stock market, a new television trend is taking shape — entertainment programs built around the emotional rollercoaster
Starz Entertainment Corp. Stock 12‑Month Price Target Raised to $33.33, Implies 27% Upside
Explore more price target data and ratings for Starz Entertainment Corp. on the Forecasts tab, and track all previous and future analyst recommendations for Starz Entertainment Corp. in the dedicated News Flow.Select reference data provided by FactSet. Copyright © 2026 FactSet Research Systems Inc…
AI panel shares business strategy, cybersecurity insights
NJBIZ panelists share strategies for adopting AI, managing cybersecurity risks and improving business efficiency.
OPINION: New Jersey liquor law reforms boost breweries, business
Opinion: New Jersey's new liquor law reforms expand opportunities for breweries, reuse inactive licenses and support business growth.
OPINION: Business formation fee cuts spur entrepreneurship
Opinion: New Jersey cut business formation fees to encourage entrepreneurship and make it easier for startups to launch and stay compliant.
COLL Q2 Deep Dive: ADHD Expansion and Pain Business Headwinds Shape Guidance
Pharmaceutical company Collegium Pharmaceutical (NASDAQ:COLL) fell short of the market’s revenue expectations in Q2 CY2026, but sales rose 6.3% year on year to $199.9 million. The company’s full-year revenue guidance of $840 million at the midpoint came in 3.4% below analysts’ estimates. Its non-GAAP profit of $1.92 per share was 8.8% above analysts’ consensus estimates.
Stockard Channing, 82, Opens up About Her Reclusive Life Nearly 50 Years After ‘Grease’
She's not in the spotlight anymore.
The Watch: Microplastics Linked To Fatty Liver Disease
Plastic used in food packaging is most common type found in liver…workers exposed to pesticides at higher risk for Lou Gehrig’s disease…last year’s measles outbreak cost $5.4 million to contain…and more
Evening concerts bring crowds to Douglas County Fair
After thrill rides, carnival games and livestock shows, attendees of the Douglas County Fair on Thursday, Friday and Saturday were treated to one last attraction as the sun set over
Copying Taylor Swift's everyday habits could make you happier, according to science
Science suggests the everyday gestures Swift practices can boost happiness for everyone, not just celebrities
The art and science of vacation packing
I’m going on vacation in two weeks. I know this not because I’ve been anxiously looking forward to it, or because I have it marked on my calendar. I know this because yesterday my girlfriend, Michele, announced to me that she has officially…
How Texas is courting Wall Street with ‘Y’all Street’
Texas has spent a decade luring the finance industry to Dallas with tax incentives, new laws and a stock exchange of its own. Inside the rise of “Y’all Street.”
Small school districts in Florida band together to lower health costs for employees
By combining forces, smaller school districts have found a way to bargain for better health insurance policies for their teachers by turning to a self-insured plan.
Business Weekly Agenda for August 9
Events for the Greater Berks business community.
Madison Square Garden Entertainment Corp. $MSGE Shares Purchased by Sei Investments Co.
Sei Investments Co. boosted its position in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 83.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,582 shares of the company's stock after a
WEBTOON ENTERTAINMENT Q2 2026 Earnings Preview: Recent $WBTN Insider Trading, Hedge Fund Activity, and More
WEBTOON ENTERTAINMENT ($WBTN) is expected to release its quarterly earnings data on Monday, August 10th after market close, per Finnhub. Analysts are expecting revenue of $346,249,710 and earnings of -$0.07 per share.You can see Quiver Quantitative's $WBTN stock page to track data on insider trading, hedge fund activity, congressional trading, and more.WEBTOON ENTERTAINMENT RevenueWEBTOON ENTERTAINMENT had revenues of $320.9M in Q1 2026. This is
GungHo Online Entertainment (TSE:3765) P/E Premium Clashes With Shrinking Margins
GungHo Online Entertainment stock came into this earnings release with a muted setup, slightly weaker over the past week but modestly higher over the past month. The headline today is not a revenue story. It is the squeeze between a rich P/E of 52.1x and a thin 2.5% trailing net margin that keeps slipping from the 5.8% level a year earlier. The market is being asked to pay up for future growth while living with weaker profitability and a dividend yield of 3.77% that is not well covered. That...
Auto loan refinancing: How it works and when it could save you money
Explore how auto loan refinancing works, when it makes financial sense, and how preapproval options can help lower your monthly car payments.
The U.S. Is Burning Through Weapons in Iran. Russia and China Are Taking Note.
The Iran war has depleted U.S. weapons stockpiles, resulting in a significant erosion of firepower. A more drawn-out Iran conflict benefits Moscow and Beijing, some analysts say.
Elevator giant Otis wants to be a defensive play in an volatile market. It has to prove itself first
Otis positions itself as a long-term growth stock, but shares are down due to setbacks in its elevator service business and investors chasing the AI trade.
The business of Otis elevators
Elevator giant Otis makes most of its profits from servicing elevators, not building new ones. The business hinges on long-term stability, but its stock has fallen over the past year due to setbacks in its service business and investors chasing the AI trade. Watch the video to learn more about how the company is trying to win back Wall Street.
Formula One is lagging other sport stocks. Why analysts think it's poised to race ahead
As the sports sector remains resilient among consumers, analysts are predicting big gains for this racing league.
Food Tank’s Weekly News Roundup: U.S. Restores Health Aid, Companies Block Action on UPFs, New Tool Boosts Water Security
This week, the U.S. restores some health aid, corporations slow action on public health, and a tool boosts water security for women farmers.
AMD's Data Center Business Is Skyrocketing. The Stock Is Falling. Here's Why.
A lot of AMD's success has already been priced into the stock.
Patriots roster projection 1.0: Heading into the preseason
Taking stock of where the New England Patriots’ roster stands through two weeks of training camp practices.
Assenagon Asset Management S.A. Sells 347,256 Shares of Madison Square Garden Entertainment Corp. $MSGE
Assenagon Asset Management S.A. lowered its holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 28.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 863,462 shares of the company's stock aft
Flutter Entertainment (FLUT) On Guidance Cuts And Losses Still Looks Undervalued
Guidance cut, net loss and delisting put Flutter Entertainment in focus Flutter Entertainment (NYSE:FLUT) is under close watch after a Q2 2026 net loss, a cut to full year revenue guidance and confirmation that its shares now trade only on the New York Stock Exchange. The shift in guidance reflects higher investment to build U.S. market share and the impact of specific sports results on revenue. These moves, together with the London delisting, are shaping how investors reassess Flutter...
AMC Entertainment Holdings (AMC) Rallies While Fair Value Narratives Stay Cautious
Recent momentum in AMC Entertainment Holdings stock Recent trading interest in AMC Entertainment Holdings (AMC) has picked up after the stock showed strong momentum in recent weeks, supported by upward earnings estimate revisions and a favorable third party ranking. See our latest analysis for AMC Entertainment Holdings. For context, AMC Entertainment Holdings has a recent 30-day share price return of 35.60% and a 90-day share price return of 72.67%, while the 1-year total shareholder return...
PENN Entertainment (PENN) Stock Profit Rebound Faces Lingering Digital Doubts
PENN Entertainment stock barely moved on the results, edging up about 0.3% to US$20.18, even though the earnings story was anything but sleepy. Q2 flipped back into the black with basic earnings per share of US$0.25 and net income of US$33.1m. Retail casinos produced record quarterly revenue and adjusted earnings before interest, taxes, depreciation, amortization and rent that management highlighted on the call. The market reaction looks muted for now. The real question for investors is how...
In the decade since rate cuts began, NH business tax revenues grew by an inflation-adjusted $3 billion - THE JOSIAH BARTLETT CENTER FOR PUBLIC POLICY
In 2015, the year New Hampshire legislators began a series of business tax cuts, revenues from the state’s two primary business taxes were a combined $561.7 million. In the decade since, business tax revenues grew by more than $3 billion. From 2016-2025, the state collected $3.02 billion in new business tax revenue above the 2015 […]
Why Businesses Should Account for Cyberattacks When Implementing AI
AI can limit a company’s productivity by making it more vulnerable to cyberattacks, necessitating the use of AI security and other practices that minimize the attack surface.
These 3 health factors can delay dementia for 13 years, long-term study finds
Healthy blood vessels can protect your brain as well as your heart.
Commentary: AI Could Help to Implement Health Policy
Artificial intelligence may enhance implementation of a new federal rule requiring aduts enrolled under the Affordable Care Act expansion of Medicaid eligibility to complete qualifying work hours or community engagement activities or meet exemption criteria to maintain coverage, according to a new commentary.
Mets' Robert Stock: Receiving another start
Mets' Robert Stock: Receiving another start
Why stocks are rising after a dismal July jobs report
A weaker job market means the Fed might not have to rush to hike rates, but it also paints a poor picture of the broader economy.
Harvard Business Impact Launches Skills Training For Undergrads
With the new Essential Skill Suites course materials, Harvard Business Impact bets on hands-on practice over theory.
North Carolina high schoolers show improvements in mental health
After years of focus on mental health, the latest survey of students appears to show that North Carolina high school students are doing better.
New Business Licenses: 8.7.26
Crawlspace construction, medical communications, family care practice are some of this week's new licenses. (BizSense Pro required)
COLL Q2 Deep Dive: ADHD Expansion and Pain Business Headwinds Shape Guidance
Pharmaceutical company Collegium Pharmaceutical (NASDAQ:COLL) fell short of the market’s revenue expectations in Q2 CY2026, but sales rose 6.3% year on year ...
Flutter Entertainment (FLUT) Stock Faces Margin Squeeze Despite Steady Revenue
Flutter Entertainment walked into this earnings print with a stock that has quietly drifted lower over the past month, yet the immediate reaction has been almost flat. The share price edged only 0.1% higher to about US$93, even as the company reported a sharp squeeze in adjusted EBITDA and a group net loss in the quarter. The market mood looks numb rather than shocked. Traders appear focused on the profit hit from heavier U.S. marketing and higher taxes. The more patient question is whether...
The Week in Business: Aer Lingus Flies Away
This week’s top stories from Twin Cities Business.
Trump Orders Leak Probe After Venting About Media Coverage of Munitions Stockpile
Move followed weeks of headlines describing depleted munitions levels.
New heart drug targeting inflammation falls short in clinical trial
The ZEUS trial fell short, but Novo Nordisk still has high hopes for HERMES and ARTEMIS.
Robotics company raises $6M to help fund new vascular imaging platform
Vexev, an Australian medtech company, wants to improve patient access to high-quality vascular imaging. The company has now raised a total of $19 million.
Genius Sports' media surge shows shift beyond sportsbook data
Genius Sports, which provides real-time sports data, reported revenue rose 65% in the second quarter.
Trump grows angry over reports on depleted munitions — believing it weakens him in Iran negotiations
President Donald Trump has privately complained in recent days that disclosures on the dwindling US munitions stockpile make the United States look weak at a critical juncture, senior US officials said.
PhD Student Locks Spot as Rising Cybersecurity Researcher
By Kim Horner | Computer science professor Dr. Kevin Hamlen is on a quest to train students in a combination of high-demand computer-security skills: the mathematical reasoning needed to prove software is secure and the programming expertise needed to uncover real-world vulnerabilities that could lead to cyberattacks. The University of Texas at Dallas cybersecurity expert […]
Oscar Health Stock Sinks Amid This Second-Half Risk
OSCR stock dived despite a big earnings beat. Oscar Health management is bullish on the outlook, but big ACA Marketplace coverage shifts limit visibility.
PENN Entertainment (PENN) Tops Q2 Earnings and Revenue Estimates
PENN Entertainment (PENN) delivered earnings and revenue surprises of +25.71% and +0.06%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
How big is the US Postal Service? Among the largest in business or government
The U.S. Postal Service is one of America's largest employers and retail networks. Here's how its workforce, revenue, and reach compare with major companies.
Medicare pushes ACCESS but doesn't tell patients what providers offer it
In this edition: Progress report on ACCESS, Medicare's chronic care pilot, and health regulators courting industry on AI regulation.
PENN Entertainment (NASDAQ:PENN) Posts Q2 CY2026 Sales In Line With Estimates
Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 5.2% ye...
PENN Entertainment (NASDAQ:PENN) Posts Q2 CY2026 Sales In Line With Estimates
Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 5.2% year on year to $1.86 billion. Its non-GAAP profit of $0.44 per share was 66.9% above analysts’ consensus estimates.
Covid can reactivate dormant viruses, according to study
A CDC director officially confirmed, Moderna's mRNA flu shot approved, and other health news from Morning Rounds
Flutter Entertainment: Let's Not Only Focus On U.S. Sportsbook Growth
Flutter Entertainment plc reported weak Q2 results and a slight downgrade to the 2026 financial guidance. Click here to read an analysis of FLUT stock now.
Community Power in Practice: Lessons for Rural Health
Drawing from a recent report and their own experiences, speakers shared insights on building deeper relationships through community power building.
Follow the Markets and Track Stocks With These Free Apps
Google Finance and Apple’s Stocks app have added new features over the years to make them more useful for tracking the markets and your investments.
Stop asking if AI is good for medicine
Overgeneralizations about AI can slow down the adoption of tools that work.
Intellia Therapeutics Announces Second Quarter 2026 Financial Results and Business Updates
The Investor Relations website contains information about Intellia Therapeutics's business for stockholders, potential investors, and financial analysts.
Oscar Health Stock Has Doubled This Year. The ACA Insurer Reports Thursday.
Oscar Health reports second-quarter earnings Thursday morning. The results should show trends in its Affordable Care Act membership.
The fight for safer cath labs continues: ‘We have to fix the work environment’
A group of nine U.S. medical societies wants to help hospital leaders improve cath lab safety. Their primary goals are to reduce radiation exposure and prevent orthopedic injuries.
Clopidogrel monotherapy bests aspirin when patients with diabetes undergo PCI
After an initial period of DAPT, what's the best next step? A new analysis reviewed data from the SMART-CHOICE 3 clinical trial.
Federal regulators invite industry, researchers, and lobbyists to closed-door meetings on clinical AI
Federal health officials invited tech companies and lobbyists to closed-door meetings as they seek to boost adoption of clinical AI.
Wisconsin pharmacist says Trump’s tariffs could end his business
The owner of Fitchburg Family Pharmacy says his pharmacy could close due to Trump’s tariffs on generic drugs.
Team's AI agent to speed Alzheimer's treatment
Vanderbilt researchers have received a grant to build an AI tool within the health record system to get patients with Alzheimer's disease to treatment faster.
Why AI Still Hasn't Had Its Einstein Moment
AI is having a remarkable run in science. It’s helping researchers predict protein structures, improve weather forecasts, discover new materials, and speed up drug discovery. Researchers are getting results far […]
Why Flutter Entertainment (FLUT) Shares Are Trading Lower Today
What Happened? Shares of global online betting powerhouse Flutter Entertainment (NASDAQ:FLUT) fell 8.4% in the morning session after the company reported mix...
Uber stock drops as bookings guidance disappoints; CEO bets on robotaxi push to grow overall business
Uber reported second-quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed analyst projections. Uber says its robotaxi push is still well underway, with investments set to grow.
RBA Q2 Deep Dive: Market Reacts to BigIron Integration and Evolving Business Mix
Commercial asset marketplace RB Global (NYSE:RBA) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 11.1% year on year to $1.3...
MAT Q2 Deep Dive: Brand Investments and Entertainment Partnerships Shape Outlook
Toy manufacturing and entertainment company (NASDAQ:MAT) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 10.5% year on y...
Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal
EA said its stock has ceased trading and will be delisted from the Nasdaq. Its shareholders will receive $210 in cash per share.
Uber Stock Falls as Earnings Meet Wall Street Forecasts
Uber stock declines as the ride-hailing company reports mostly in-line second-quarter earnings and guidance.
Minneapolis Independent Music Venues Generate $2.2 Billion but Face Financial Challenges
A new report reveals a disconnect between the industry's economic impact and profitability, finding that locally owned venues are essential to the city's economy, even though only 20 percent report turning a profit.
Critics deride US administration's 'golden age of science' report
The document comes as the administration looks to cut the science budget for 2027
Manipal Health Enterprises Stock Prices Surge 11% After $975 Million India IPO
The hospital chain raised almost $1 billion in India’s second-largest initial public offering so far this year.
Google Finance - Stock Market Prices, Real-time Quotes & Business News
Google Finance provides real-time market quotes, international stock information, financial news, currency conversion rates, and tracking tools.
Asian shares jump on AI trade revival despite SpaceX, AMD setbacks, as oil prices dip
Technology stocks booming again while Brent crude trades below $80 a barrel amid hopes for a Middle East interim deal
Rad Partners’ Georgia affiliate signs in-network agreement with Anthem BCBS
Northside Radiology Associates said the pact will span multiple years and ensure Anthem members continue having uninterrupted, in-network access to diagnostic and interventional care.
PET imaging links psychosis to Alzheimer's-related brain findings
New imaging research suggests that many adults who develop psychosis-related hallucinations or delusions later in life show brain changes associated with AD and other neurodegenerative disorders.
Google finally reveals exactly when your Android phone will lose Google Assistant
It looks like Google has started emailing users that Google Assistant will start disappearing from Android phones on September 4.
LLMs better than docs at providing clinical context for imaging orders
The inclusion of clinical indication is standard for imaging requisitions, but the information provided is often vague and leaves out useful context that could help radiologists.
AI generates personalized radiopharmaceutical therapy doses in under 23 seconds
The model has the potential to improve upon the one-size-fits-all dosing approach used for most RPT prostate cancer treatments.
Judges May Remain in Text Message Chains With Friends in Politics If They Refrain From Political Discussion: Judicial Ethics Opinion 26-06
A judge may remain in a text message chain with personal friends, even when some of those friends are also local political leaders. The judge must exercise caution to avoid political activity and otherwise comply with the Rules Governing Judicial Conduct.
This year’s US News ‘best hospitals’ list has some standouts among the standouts
The latest lineup of America’s “best of the best” hospitals from US News & World Report is something of an embarrassment of riches for a few cities and health systems.
Source: Voluntary federal regulatory framework for advanced AI models finalized
The meeting was described as “staff-level.”
Accel Entertainment (NYSE:ACEL) Posts Better-Than-Expected Sales In Q2 CY2026
Slot machine and terminal operator Accel Entertainment (NYSE:ACEL) reported Q2 CY2026 results topping the market’s revenue expectations, with sales up 9.6% y...
SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company's stock has declined 8% since its record-breaking initial public offering in June that valued the company at about $1.75 trillion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market.
Cardiovascular imaging contrast agent recalled due to risk of contamination
The recall was announced after testing revealed the presence of potentially harmful particulate matter. Customers were urged to return any unused vials immediately.
Mega-concert at Modesto park features bands, food and more. When and where to be
The annual event is free to attend and includes about 100 bands.
FDA's Draft MDUFA VI Commitment Letter: What It Means for AI and Digital Health
On July 7, FDA posted its draft commitment letter for the sixth MDUFA reauthorization (MDUFA VI). The letter outlines how the FDA will fund and operate its device review program for fiscal years 2028 through 2032. Under MDUFA, industry actors pay user fees and, in return, FDA commits to measurable review performance goals, such as … Continued
Small business work hours grew in July
Growth in the number of weekly hours worked at small businesses hit its highest level in over five years last month, according to Paychex.
URI business professor explains ‘financial unicorns’ and SpaceX, Anthropic IPOs
KINGSTON, R.I. – Aug. 04, 2026 – In mythology, unicorns are fictional. In finance, however, unicorns are very real. Just over a month ago, millions of people witnessed one financial unicorn, and another is quickly approaching. For the first time, privately held company SpaceX was listed on the NASDAQ. Valued at more than $1 trillion, […]
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
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