Mayo Clinic, Epic, Abridge develop genAI tool for nurses: The platform will help relieve nurses’ administrative burden, but they still have concerns about AI in healthcare.
40% of drugs approved in the past decade will be blockbusters: We unpack a new forecast of projected drug sales and explore if forthcoming industry headwinds will be enough to curb revenue growth.
Hims & Hers adds longtime Novo exec to its board: Here’s what the appointment tells us about Hims & Hers’ ambitions in the GLP-1 space.
Antitrust concerns influenced Wiz’s decision to decline Alphabet’s $23 billion bid. The security firm has its sights set on an IPO as Google goes back to the drawing board.
Spotify’s advertising efforts are paying off: The music platform posted a record Q2 thanks to strong ad growth and subscription changes.
Major gaming studios are accelerating the use of genAI in game production, resulting in developer and creative job losses and mounting ethical concerns
Netflix games is still hanging on: The company announced it’s working on 80 games, and recently launched a first-ever hub for its titles.
LVMH’s growth cooled in Q2 as consumers reorient spending: While the weak yen boosted international sales, price hikes are turning off aspirational shoppers.
Yelp unveils new tools: Platform’s latest features boost conversion rates and consumer trust with ad formats, lead generation enhancements, and verification badges.
FTC wants to know how companies use AI to adjust prices: “Surveillance pricing” targets prices to individual consumers, which is a bad look for retailers.
Among social networks, Reddit has seen the biggest growth of average time spent per day by US active users, according to our June 2024 forecast.
Netflix’s struggling ad business suffers another exec departure: Peter Naylor left the company after it softened its ad outlook for the next two years.
“Over the last 12 months, we’ve seen a flurry of [media advertising] activity from outside the retail sector,” our analyst Sarah Marzano said on an episode of the “Behind the Numbers: Reimagining Retail” podcast. Although retail kicked off the commerce media trends, financial services, travel companies, and intermediaries such as Instacart and Uber Eats are monetizing their customer data and setting up ad networks. The rise of commerce media networks is changing the way advertisers approach targeting and how consumers interact with brands. Here are four predictions on these emerging trends.
Netflix CFO Spencer Neumann is optimistic about the future of ads on Netflix. “When you get into ‘26 and beyond, [advertising] can be even more meaningful and, hopefully, it becomes to the point where it is a primary [revenue] contributor, given all of that engagement and reach that we’re building,” he said on the company’s earnings call last week.
Younger generations are social first; older generations begin in a web browser.
Despite a slow start, foreign sanctions, and tight digital regulations, generative AI is emerging as a significant force in China.
Aging customer base may pose a threat to smaller financial institutions.
Unilever begins the process of selling its ice cream business: A sale could boost profitability and enable it to steer clear of controversies over Ben & Jerry’s political stances.
Amazon returns partnership is a huge hassle for Kohl’s, Staples employees: Despite an increase in foot traffic, the constant deluge of packages fails to deliver the expected sales bump.
Third-party cookies on Chrome could be here to stay: Google said it may ask users to opt-in to cookie tracking in a major strategic shift.