Friday 08.12.22
Volcon CEO Jordan Davis says their electric off-road vehicles are already nearly sold out for 2023.
Gas prices back below $4 for the first time since March, per AAA. Gas prices have fallen for 58 straight days.
New streaming leader: Disney said that Disney+, Hulu and ESPN+ have a collective 221M subscribers, edging out Netflix.
Rapper Vic Mensa announces he’s launching the first Black-owned cannabis company in the state of Illinois.
Domino’s Pizza will shut down all 29 of its locations in Italy after seven years of operation in the country.
CDC Director Dr. Rochelle Walensky says it is still unclear how well the monkeypox vaccine works.
Novavax CEO Stanley Erck says they currently do not have a new order for COVID-19 boosters from the U.S. government.
Social media star and boxer Jake Paul announces $50 million in funding for his sports media and betting company “Betr.”
AMC CEO Adam Aron expects movie theaters to return to pre-pandemic attendance by 2024 despite the rise in streaming.
Binance CEO Changpeng Zhao says while there are improvements being made, crypto will continue to have "bugs" & "hacks".
Netflix files copyright lawsuit against the co-creators of the Grammy-winning “Unofficial Bridgerton Musical."
Head of the Federal Reserve Bank of Minneapolis Neel Kashkari says inflation numbers are “very concerning.”
Raymond James Healthcare Policy Analyst Chris Meekins says reconciliation bill will likely raise the price of new drugs.
Cat food brand Fancy Feast announces pop-up restaurant in NYC that will serve humans “cat food-inspired” dishes.
BTS announces sweepstakes with Hyundai that gives fans a chance to win tickets to the 2022 World Cup.
Frontier Airlines CEO Barry Biffle on Spirit and JetBlue merger: “I'm disappointed for their shareholders."
Catch up on the most important stories of the day with The Recount Daily Newsletter. Each day we bring you a round-up of what's happening in the corridors of power right now, without wasting your time or insulting your intelligence.
JP Morgan's Elyse Ausenbaugh says despite having two negative quarters of GDP growth, the U.S. is not in a recession.
Big econ report: U.S. economy shrank at a 0.9% rate in Q2 from April through June, 2nd straight quarterly contraction.
Top 5 gunmakers brought in more than $1B in revenue from the sale of assault weapons to civilians in the past decade.
Investor Cathie Wood has sold 1.4M Coinbase shares following an SEC investigation.
Airbnb announces one-night rental of mansion where boyband BTS filmed their variety show “In the Soop.”
With slower demand, Whirlpool CFO Jim Peters says the company is taking out its "recession playbook.
Yahoo’s Jared Blikre says the S&P 500 could fall to new lows based on Federal Reserve Chair Powell's statement tomorrow.
Apple has been sued over digital wallet Apple Pay; new lawsuit alleges the tech giant is violating antitrust laws.