Core Viewpoint - A federal judge has allowed a lawsuit against Live Nation Entertainment to proceed, which accuses the company of monopolizing the live concert industry, potentially leading to an antitrust trial in March 2024 [1][3]. Group 1: Legal Proceedings - The lawsuit, filed by the Department of Justice, 39 states, and Washington, DC, claims that Live Nation has illegally dominated markets for ticketing, concert-booking, venues, and promotions, negatively impacting both fans and performers [3][7]. - Judge Arun Subramanian noted that there is a genuine dispute regarding whether Live Nation has used monopoly power to suppress competition [2]. - The judge has permitted the government plaintiffs to attempt to prove that Live Nation improperly tied the use of its amphitheaters to concert promotion services [8]. Group 2: Market Impact - Following the judge's decision, Live Nation's shares fell over 7% in after-hours trading but later recovered those losses [3]. - The lawsuit has been fueled by public outcry, particularly after Ticketmaster's handling of ticket sales for Taylor Swift's 2022 "Eras" tour, which involved high prices and long wait times [5][7]. - The judge indicated that states could seek damages for fans who may have been harmed, stating it was "reasonably foreseeable" that fans could be affected by Live Nation's practices [10]. Group 3: Company Response - Live Nation has denied exercising monopoly power and claims there is no evidence that its actions have harmed consumer welfare, such as through price increases or quality reductions [11]. - The company also contends that states do not have the legal authority to sue on behalf of fans [11].

James Dolan’s Madison Square Garden Sports announced Wednesday that it is considering splitting the New York Knicks and Rangers into two separately traded public companies.Its board of directors has approved a plan to look into spinning off its hockey and basketball teams into separate firms – sparking rumors over whether the company is planning to sell off one of the two teams or take the new companies private.“We are exploring the opportunity to further create value for our shareholders by separating our ...

The grandson of the Reese’s Peanut Butter Cups creator is slamming the Hershey Co. for allegedly switching to cheaper ingredients to make the iconic snacks – and his accusations are sparking fierce pushback from his relatives, The Post has learned.Brad Reese, 70 – whose grandfather HB Reese invented the famous treat – claimed Hershey has swapped out milk chocolate for cheap compound coating made from vegetable oils. He also claims Hershey has sneakily replaced real peanut butter with peanut-butter flavored ...

Goldman Sachs CEO David Solomon, long a cryptocurrency skeptic, disclosed Wednesday that he personally owns a small amount of Bitcoin.Speaking at the World Liberty Forum at President Trump’s Mar-a-Lago club in Palm Beach, Fla., the exec described his crypto holdings as “very little, but some” Bitcoin.The 64-year-old Wall Street titan did not specify the value of his investment or how long he’s had it, but his admission comes as Bitcoin hovers below $70,000, down from recent market highs.Under Solomon’s lead ...

Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month’s meeting show.The “vast majority” of the 19 participants on the Fed’s rate-setting committee said that there were signs the job market has stabilized, after the unemployment rate rose in late 2025, the minutes said. And most of the officials agreed that the Fed’s key rate is close to a level that nei ...

Activist investor Nelson Peltz said in an SEC filing on Wednesday that the fast-food chain Wendy’s stock is currently undervalued, sending its shares up about 15%.According to the filing, Peltz’s Trian Fund Management has spoken with possible financing sources, co‑investors, and strategic partners about potential deals including an acquisition or other major transactions that could give the firm control of the company.Back in 2022, Peltz had considered a potential takeover bid for the burger chain.Activist ...

Core Viewpoint - JPMorgan Chase is set to open over 160 new branches across more than 30 states in 2023, reflecting a significant investment in physical banking despite global trends favoring digital services [1]. Expansion Plans - The bank has major expansion plans for North and South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee by 2026 [2]. - JPMorgan aims to add over 500 branches in three years as part of its 2024 commitment, targeting to capture 15% of the U.S. retail deposits [3][5]. Renovation and Employment - The firm plans to renovate nearly 600 locations by 2026 and hire 1,100 new employees, moving towards a goal of adding over 10,500 consumer bank staff by the end of the year [3][6]. Market Context - This strategy contrasts sharply with UK banks, which have closed over a third of their branches in the past five years, shifting focus to online and telephone banking [6]. - Research indicates that over two-thirds of U.S. consumers prefer living near a bank branch, with 71% of baby boomers and 63% of millennials and Gen Z valuing neighborhood locations [11][12]. Economic Impact - JPMorgan Chase emphasizes that its branches serve as vital engines for economic activity, supporting various sectors including businesses, schools, hospitals, and nonprofits [4][10].

The Food and Drug Administration has reversed its decision not to review a new flu vaccine from Moderna, the pharmaceutical company said Wednesday.Last week, the FDA sent a missive to Moderna refusing to review its new shot, saying its application did not contain adequate research – leaving the company’s president Dr. Stephen Hoge in “complete shock.”Moderna’s flu vaccine will not be reviewed by the FDA. Rawf8 – stock.adobe.comIn an exclusive interview with The Post, Hoge said he was “completely surprised a ...

Berkshire Hathaway disclosed on Tuesday a new investment in the New York Times, marking its reentry into a sector it abandoned in 2020 when it sold its newspaper business.In a filing with the Securities and Exchange Commission, Berkshire said it owned about 5.07 million Times shares worth $351.7 million at the end of 2025.Berkshire’s filing contained the Omaha, Neb.-based conglomerate’s US-listed stock holdings as of Dec. 31, which comprise most of its equity portfolio.The fourth quarter was the final quart ...

Core Insights - Palantir has relocated its headquarters from Denver to Miami, joining a trend of tech companies moving to South Florida, which is increasingly viewed as a new Silicon Valley [1][3] - The migration of tech firms is driven by factors such as lower taxes, favorable weather, and safer neighborhoods [1][3] Group 1: Company Movement - Palantir was founded in Palo Alto, California, in 2003 and moved to Denver in 2020 before its recent relocation to Miami [3] - The company did not disclose specific reasons for the move [3] Group 2: Industry Trends - There is a notable influx of tech giants to Florida from traditional business hubs like New York and California [1][3] - Former Miami Mayor Francis Suarez has expressed enthusiasm for this trend, calling it a "watershed moment for Miami" [3] Group 3: Support for Relocation - Billionaires Ken Griffin and Stephen Ross have initiated a $10 million campaign to attract business leaders to South Florida, emphasizing the region's potential for growth [4][5] - The campaign includes national advertisements and a concierge program to assist executives with relocation and regulatory navigation [5] Group 4: Other Companies Expanding in Florida - Apple has opened a new campus in Miami, and ServiceNow plans to establish an office in West Palm Beach [6] - Amazon has signed a significant office lease in Miami's Wynwood neighborhood [6] Group 5: Key Figures in the Move - Peter Thiel, Palantir's chairman and co-founder, has increased his investments in South Florida, including opening a new office for Thiel Capital [7] - Ken Griffin, who moved from Chicago to Miami, has been vocal about the advantages of relocating to South Florida, citing safety concerns in his previous city [8]