Rising Rx prices spark market competition: Consumers are struggling to pay for their medications despite taking more meds than ever. Companies looking to tackle Rx costs are flooding the market.
Unprecedented airline outage: A computer outage canceled hundreds and delayed thousands of US flights, exposing the high cost of reliance on outdated technology and overburdened networks.
Inaccurate maps threaten rural states’ broadband funds: Senators reveal 20,000 examples where ISP coverage was overstated in the FCC’s broadband maps.
Streaming’s live sports efforts off to rough start: Despite Amazon’s significant football viewership miss, digital live sports is expected to grow steadily.
Netflix’s latest move means big things for its livestream ambitions: The company will stream the SAG Awards on YouTube this year and on its own platform next year.
Subscription OTT video is chasing linear TV in terms of time spent in the US. We estimate adults still spend significantly more time per day watching TV, but that figure is decreasing and will fall below 3 hours this year. Meanwhile, for subscription OTT video, time spent will surpass an hour and a half per day. But ad spend on these platforms is not proportional to time spent.
A sale could breathe new life into Subway: It would also be one of, if not the most, prominent acquisitions in recent years.
Alphabet wants to lead the climate battle: Google is leveraging its moonshots lab to tackle climate change at the expense of other research as revenue shortcomings call for new strategies.
ChatGPT ready to give Microsoft its ROI before it even invests: OpenAI shifts its monetization plan into high gear. But how much will people pay for a flawed service?
A Groundhog’s Day scenario will repeat Q3. Profits have plummeted, investment banking has dried up, and banks continue prepping for loan losses.
The tool can create efficiencies tenfold, but banks shouldn’t let their excitement overpower managing the risks of AI.
US sellers can now add the checkout feature to their websites, which can help it sweep in more volume and stay competitive.
TikTok delivers best bang for the buck among rivals, studies show: The platform continues to put pressure on both Meta and Google.
Meta sets teen ad limits days after a public school district lawsuit: The company is changing its teen advertising policies while staring down litigation and mountains of fines.
The ad industry cut 3,500 more jobs in December: 2022 ended on a sour note with two of the year’s steepest drops in ad employment.