Shortages of weight-loss drugs are driving pharmaceutical companies to scramble to shore up supplies.
Why it matters: Booming demand for anti-obesity drugs, known as GLP-1s, has led to a windfall of revenue for pharma giants like Novo Nordisk and Eli Lilly.
Palantir Technologies is reaping a surge of AI-related revenue earlier than anticipated, Nathan writes.
Why it matters: The company's sales jump — reported after yesterday's closing bell — illustrates how quickly artificial intelligence is lifting the tech sector to new heights.
Driving the news: Fourth-quarter revenue for the data-analytics company rose 20%, compared with a year earlier, which included a 70% jump in U.S. commercial revenue.
Missing bolts likely contributed to an emergency blowout aboard a Boeing 737 MAX 9 during an Alaska Airlines flight last month, according to the National Transportation Safety Board's (NTSB) preliminary findings on the incident released on Tuesday.
Why it matters: The findings shed light on the near catastrophe that's reignited scrutiny on Boeing and its 737 MAX jets, which were previously involved in two crashes that killed 346 people.
Delinquency rates on credit cards and auto loans spiked to their highest since the Great Recession, according to a New York Fed report out Tuesday.
Why it matters: The striking resilience of the American consumer is a key reason why the economy has avoided a recession. Emerging stress on household balance sheets is one of the few worrying signs for a U.S. economy that has continued to shrug off threats.
Starry — Pepsi's new Sprite alternative — has already racked up more sales in its first year than its predecessor Sierra Mist had in its last four years combined, company execs shared with Axios.
Why it matters: America's largest food company is making the latest move in the ongoing lemon-lime soda wars with itsStarry Super Bowl commercial debut Sunday.
The head of the Federal Aviation Administration (FAA) told lawmakers on Tuesday he will use any authority available to him to hold Boeing accountable for any noncompliance that contributed to last month's 737 Max 9 accident during an Alaska Airlines flight.
Why it matters: FAA administrator Michael Whitaker told the House subcommittee on aviation that the agency will not grant Boeing any additional manufacturing expansions for the Max until it's resolved quality control issues.
The Fed's closely watched survey of senior bank lending officers, out Monday, suggests an improvement in access to credit for businesses.
Why it matters: Credit is the lifeblood of the U.S. economy, and it got much harder to come by after the Fed launched its rate-hiking campaign in 2022.
Taylor Swift's relationship with Kansas City Chiefs tight end Travis Kelce is more than just a love affair, it's an economics case study, says University of Kansas professor Misty Heggeness.
What's happening: She's created a Taylor Swift curriculum — Swiftynomics 101 — to help high school and college teachers convey economics lessons by analyzing the 34-year-old pop star's effect on the NFL's business.
Austin, Raleigh, Boise, Salt Lake City and Provo, Utah, top the Milken Institute's latest annual list of the Best Performing Cities, released first to Axios.
Why it matters: These metropolitan areas offer high wages, plentiful jobs, a (relatively) low cost of living and thriving tech sectors — making them economic models for the rest of the nation.
Beauty and health food brands are buying up ad spots for the Super Bowl on Sunday — a testament to football's growing popularity among women and young people.
Why it matters: Pop stars and influencers such as Taylor Swift and Alix Earle helped drive an unprecedented ratings bump for the NFL from the sidelines this season. Now consumer brands want to get in on the action during the Big Game.
The Apple Vision Pro draws some surprisingly strong opinions on social media, in friend circles, and as we found out this morning — in companywide newsroom meetings.
Why it matters: Most of those come from people who've never put one on. What I determined after using it for a weekend — it's an incredible piece of technology that sets a new bar for other reality altering gadgets to beat.
