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Directors Guild of America votes to ratify new contract with studios
Directors Guild of America votes to ratify new contract with studios
Members of the Directors Guild of America voted to approve a new three-year contract with studios Friday, with 87% of membership voting in favor of the deal.
2023-06-24 11:27
Gas prices could fall to $3.25 by Halloween as oil plunges
Gas prices could fall to $3.25 by Halloween as oil plunges
After spiking to alarming levels just last week, oil prices are suddenly in free-fall mode. The dramatic reversal should bring relief to drivers (and nervous central bankers) very soon.
2023-10-06 00:53
MGM Resorts Hackers Broke in After Tricking IT Service Desk
MGM Resorts Hackers Broke in After Tricking IT Service Desk
The online attack that disrupted MGM Resorts International resorts and casinos across the country began with a social
2023-09-16 08:52
VW Cuts Margin Forecast on Hedging Loss, Higher Costs
VW Cuts Margin Forecast on Hedging Loss, Higher Costs
Volkswagen AG trimmed its profitability forecast for the year after earlier hedging losses were compounded by higher costs
2023-10-21 02:46
China, Japan Commerce Ministers Trade Protests at Meeting in US
China, Japan Commerce Ministers Trade Protests at Meeting in US
The trade ministers of China and Japan exchanged protests over chip export controls and the detention of Japanese
2023-05-29 12:45
Pakistan gets final approval for $3bn IMF bailout
Pakistan gets final approval for $3bn IMF bailout
The deal follows $2bn in financial support from Saudi Arabia for the crisis-hit nation.
2023-07-13 07:54
Saudis Look to China for Business as US Influence Wanes
Saudis Look to China for Business as US Influence Wanes
Days after welcoming Secretary of State Antony Blinken as part of efforts to reset relations with the US,
2023-06-14 14:51
European shares end flat as China stimulus-driven advances falter
European shares end flat as China stimulus-driven advances falter
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European shares ended flat on Monday as gains driven by optimism around China's
2023-09-05 00:21
Spanish Growth Slows as Tourism Can’t Offset Fall in Investment
Spanish Growth Slows as Tourism Can’t Offset Fall in Investment
Spain’s economy slowed slightly in the third quarter, as a drop in investment offset a boom in tourism.
2023-10-27 15:57
Embattled Swedish Landlord SBB Falls After Goldman Slashes Price Target
Embattled Swedish Landlord SBB Falls After Goldman Slashes Price Target
SBB, the landlord at the center of Sweden’s property crisis, fell as much as 10.2% in Stockholm after
2023-10-11 16:21
China’s Economy Is Set to Avoid a Japanese-Style Deflation
China’s Economy Is Set to Avoid a Japanese-Style Deflation
Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be
2023-09-26 14:55
How much money would KSI and Logan Paul lose if it was banned?
How much money would KSI and Logan Paul lose if it was banned?
Boxer and rapper KSI and YouTuber-turned-WWE-star Logan Paul sure have hit the jackpot with their drinks company Prime, to the extent it’s sold for ridiculous prices, made one shop in Wakefield go viral, and even been reviewed by foul-mouthed chef Gordon Ramsay. The collaboration between Paul and KSI (real name Olajide “JJ” Olatunji) was announced back in January last year, with the pair just recently touring Munich, Barcelona, Copenhagen and Oslo to promote the drink. Prime has even become the drinks partner for both Arsenal and Barcelona football clubs. However, such success has also caught the attention of legislators, with one US senator, Democrat Chuck Schumer, calling for the company to be investigated by the Food and Drugs Administration (FDA). In a letter to the regulator, Mr Schumer wrote: “A simple search on social media for Prime will generate an eye-popping amount of sponsored content, which is advertising. “This content and all the claims made should be investigated, along with the ingredients and the caffeine content in the Prime energy drink.” Sign up to our free Indy100 weekly newsletter While Prime Hydration is caffeine-free, the Prime Energy brand contains 200mg of caffeine per 12 ounces, which is about the same as six cans of Coca-Cola or almost two Red Bulls. On Twitter, Mr Schumer went further and claimed the drink contains so much of the stimulant that it “could endanger kids’ health”, but is being “marketed to kids” anyway. “Parents and paediatricians are worried. The FDA must investigate Prime for its absurd caffeine content and its marketing targeting kids on social media,” he wrote. Representatives for Prime, meanwhile, argue the product is clearly labelled as “not recommended for children under 18”. Although the FDA is yet to announce an investigation into the drinks brand, and therefore it’s not yet at risk of being banned in the US, how much money would KSI and Logan Paul stand to lose if such a decision was ever taken? Some insight into just how popular the brand is was given by Paul during an interview on the Australian radio show The Kyle and Jackie O Show in February, in which he said they had garnered “$250m in retail sales [and] $110m gross internally”. “In January of this year, we did $45m,” he added. But of course, Olatunji and Paul won’t see all of that money, with Prime being part of the Congo Brands company and the YouTuber duo reportedly having a combined share of 20 per cent in the brand. Although we don't have the exact estimations, but we imagine the answer to the big question is that the pair would certainly lose a lot of money if they were blocked from selling in a market as big as America. That’s yet to happen, though, and so instead, Prime looks to be getting more and more popular… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-10 22:21