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BusinessFriday 11.05.21

Peloton Shares Free Fall as Momentum for Its Products Slows

Peloton plummeted in market value after the at-home fitness equipment maker slashed its annual sales forecast by as much as $1 billion. Peloton said demand for its products was slowing faster than expected as people return to their pre-pandemic habits.

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FTX founder Sam Bankman-Fried testified today in his NY fraud trial that his biggest mistake was not having oversight.

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Donald Trump has fallen off the The Forbes 400 list of America's wealthiest people.

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Huge news in the cannabis space: Senate Banking just passed the SAFER Act by a 14-9 vote. It now goes to full chamber.

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Rupert Murdoch is stepping down from his chairman role at Fox and News Corporation. His son Lachlan takes over his role.

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Sources told CNBC that a deal between the WGA and AMPTP is close and there's hope of a deal coming together today.

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Day 141: The WGA and AMPTP will sit down today for their first formal face-to-face negotiations in a month.

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Reported sighting of a wild bear in a tree at Disney World in Orlando triggered closures of several attractions today.

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California filed a climate lawsuit against big 5 oil & gas companies alleging a "decades-long campaign of deception."