Routinely Streaming Large-Scale, Live Events Is Too Costly To Happen Anytime Soon, Comcast Exec Says

One of the most often chewed-over concepts in the media business is whether — or when — major live telecasts will move entirely online and leave linear television behind. That paradigm shift won’t happen anytime soon, a senior Comcast executive predicted Tuesday, even though the technical solutions exists to make it so. The biggest obstacle is money. Routine streams of […]

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After Reopening, Walt Disney World Will Need Less Social Distancing, More Air Travel To Improve Profitability – Analyst

With Walt Disney World in Orlando set to open in mid-July, the conversation on Wall Street is shifting from the financial hit of shuttered theme parks and when they’ll restart to how quickly profitability will improve. The conclusion: not much until health precautions are eased and people can travel. UBS analyst John Hodulik said an earlier-than-anticipated openings of parks has […]

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Amanda Staveley exaggerated role in Barclays rescue, court hears

The prominent businesswoman Amanda Staveley exaggerated the importance of her role in securing the billions of pounds that saved Barclays during the 2008 financial crisis, the high court has heard. Staveley is suing Barclays for up to £1.5bn after her client, Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi, invested £3.25bn as part of an emergency fundraising 12 years ago. She […]

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FDA Asks More Companies To Recall Diabetes Drug Metformin

Following the recall of type 2 diabetes medication Metformin Hydrochloride Extended-Release (ER) by Apotex last week, the U.S. Food and Drug Administration or FDA has recommended more pharmaceutical companies, who are manufacturers of the drug formulation, to recall their products. The agency had announced in a May 29 conference call the names of the five companies that have been contacted […]

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Australia Keeps Rates On Hold

Australia’s central bank left its key interest rate and the target yield on three-year government bonds unchanged on Tuesday, as policymakers expect the economic downturn to be less severe than expected earlier. At the monetary policy meeting, the board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on three-year government […]

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SAG-AFTRA President Gabrielle Carteris Decries Attacks On Reporters Covering Protests

SAG-AFTRA president Gabrielle Carteris on Monday condemned attacks on journalists covering the nationwide protests – whether at the hands of police or protesters. “Over the past week, we have witnessed numerous attacks on journalists during the protests that grip our nation,” she said in a message today to the union’s broadcasters. “Dozens of journalists have been injured, harassed or detained […]

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