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Insider Inc

Barbara Peng has been named president of Insider Inc., CEO and founder Henry Blodget tells Axios.

Why it matters: Peng most recently served as president of Insider Intelligence, the company's research arm. She will continue to oversee Insider Intelligence, which Blodget says is a $60 million+ business, as well as Insider, the business and tech publication.

  • Peng has been with Insider since 2015. She's been president of Insider's research arm since 2017, and was responsible for overseeing the acquisition and integration of eMarketer in 2019.
  • Blodget tells Axios that Insider and Insider Intelligence will continue to operate separately. "Where it makes sense to collaborate, we will, but we can serve our clients better with focused teams."
  • Insider Intelligence's c-suite will continue to report to Peng. Moving forward, so will Insider's c-suite. Insider's corporate team, including CFO Steve Lagnado and CPO Margaret Bowani, will continue to report to Blodget, as well as its editor-in-chief, Nicholas Carlson. Peng will report to Blodget.

The big picture: In February, Insider rebranded from "Business Insider," reflecting wider editorial ambitions. Blodget says the company today has more than 500 journalists globally.

  • The company bought a majority stake in Morning Brew in October, expanding its reach to younger audiences and expanding its product expertise to newsletters and podcasts. Morning Brew operates as an independent company with its own management team that doesn't report into Peng.
  • Asked whether more acquisitions are being considered, Blodget says "[Y]es, there are other exciting companies out there!"

What's next: Peng formally assumes the role of president early next year. 

Go deeper

Dan Primack, author of Pro Rata
Jul 12, 2021 - Economy & Business

Lawmakers push for changes to insider trading rules

Illustration: Annelise Capossela/Axios

Bipartisan legislators are pushing a receptive SEC to make major changes to Rule 10b5-1, which was established in 2000 to help companies create executive trading plans that wouldn't fall afoul of insider trading rules.

The backdrop: Academic research has determined that insiders often are able to limit losses via 10b5-1 plans. This is particularly true for single-trade plans, which often are adopted and executed just before quarterly earnings releases.

9 mins ago - Health

The drugs pushing prescription prices down for Medicare patients

Illustration: Annelise Capossela/Axios

Although net prices of brand-name drugs have increased significantly over the last decade, the savings produced by generics have actually driven average prescription prices down in Medicare's pharmacy benefit and Medicaid, according to a new analysis by the Congressional Budget Office.

Why it matters: The analysis reiterates that the generic market is largely working as intended.

Ben Geman, author of Generate
53 mins ago - Energy & Environment

Electric vehicle "tsunami" expected as new models hit market

Illustration: Aïda Amer/Axios

Bank of America analysts see 2022 as a "major year of commercialization" for the electric vehicle market amid a slew of new vehicle launches and many more on the horizon.

Driving the news: Over 85 new models are slated to launch in model years 2022-2025 (calendar 2021-2024), they said in a note that says a "tsunami" of new cars are coming.