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Billionaire Investor Dan Loeb Just Loaded Up on These 2 "Magnificent Seven" Artificial Intelligence (AI) Stocks https://www.fool.com/investing/2024/05/24/billionaire-investor-dan-loeb-just-loaded-up-on/?source=iedfolrf0000001 May 24, 2024 - Dan Loeb made some interesting moves during the first quarter, buying up shares in two members of the Magnificent Seven.
San Pedro kicks off LA Fleet Week with music, dancing and visiting sailors in white https://www.ocregister.com/2024/05/23/san-pedro-kicks-off-la-fleet-week-with-music-dancing-and-visiting-sailors-in-white/ May 23, 2024 - Preparations have been ramping up all week for LA Fleet Week throughout the Memorial Day weekend, an event that's arguably become the port town's biggest annual party.
Japan Inflation Data Due On Friday https://www.rttnews.com/3449650/japan-inflation-data-due-on-friday.aspx?type=alleco May 23, 2024 - Japan will on Monday release April figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In March, overall inflation was up 0.2 percent on month and 2.7 percent on year, while core CPI rose an annual 2.6 percent.
Justice Department sues to break up Live Nation, parent of Ticketmaster https://www.cnbc.com/2024/05/23/justice-department-sues-live-nation-ticketmaster.html May 23, 2024 - The lawsuit follows a DOJ probe bolstered by fan complaints following a botched rollout for tickets to Taylor Swift's Eras Tour.
Ralph Lauren (RL) Q4 Earnings Beat Estimates, Revenues Up Y/Y https://www.zacks.com/stock/news/2278255/ralph-lauren-rl-q4-earnings-beat-estimates-revenues-up-y-y?cid=CS-ZC-FT-analyst_blog|earnings_article-2278255 May 23, 2024 - Ralph Lauren (RL) posts impressive fourth-quarter fiscal 2024 results. Net revenues increase 2% year over year.
Biden's New Import Rules Will Hit Ebike Batteries Too https://www.wired.com/story/biden-tariffs-ebike-batteries/ May 23, 2024 - The tariffs’ effects on the bike industry are still up in the air.
Feds reach $310M settlement with railroad over East Palestine train derailment https://www.washingtonpost.com/climate-environment/2024/05/23/train-derailment-settlement-east-palestine/ May 23, 2024 - Norfolk Southern will pay a $15 million civil penalty and cover the costs of cleaning up the site of the toxic train disaster.
This up-and-coming cancer treatment could be a $25 billion market opportunity — it's already a hotbed for M&A https://www.cnbc.com/2024/05/23/this-up-and-coming-cancer-treatment-could-be-a-25-billion-market-opportunity.html May 23, 2024 - Targeted radiopharmaceuticals, which deliver radiation directly into tumors, has caught the eye of big pharma.
Pocket-Sized AI Models Could Unlock a New Era of Computing https://www.wired.com/story/pocket-sized-ai-models-unlock-new-era-of-computing/ May 23, 2024 - Research at Microsoft shows it’s possible to make AI models small enough to run on phones or laptops without major compromises to their smarts. The technique could open up new use cases for AI.
‘Time to break up Live Nation-Ticketmaster’: Justice Department says illegal monopoly drives up prices for fans https://www.boston.com/culture/entertainment/2024/05/23/justice-department-illegal-monopoly-ticketmaster-live-nation-fan-prices/ May 23, 2024 -

“Fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services.”

The post ‘Time to break up Live Nation-Ticketmaster’: Justice Department says illegal monopoly drives up prices for fans appeared first on Boston.com.

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