CEO and Founder of Studio Jason Baptiste and his new Director of Content and Programming Lisa Niren discuss their app and why it stands out from the crowd. They also explain why it's a better value than Peloton and other exercise apps.
Baptiste and Niren both believe the future of media is in subscription based content. Niren adds that the appeal of an app like Studio is being able to do it with others.
Baptiste says most members are in rural areas such as Iowa and Alaska, and Studio lets them engage in a class as if they're in the room. Baptiste also touches on Studio's own take on Bitcoin, "Fitcoin." Runners can accumulate Fitcoin and exchange it for real prizes.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Bristol Myers Squibb agreed to buy schizophrenia drug maker Karuna Therapeutics in a $14 billion deal.
Supermarket chain Ralphs is facing a new lawsuit from the state of California.
Shake Shack is giving out free fried chicken sandwiches, bacon cheese fries and milkshakes nationwide.
The IRS is announcing a voluntary disclosure program.
Lionsgate announced its studio division is going to spin off in a merger with Screaming Eagle Acquisition Corp., which is a special purpose acquisition company.
A new report suggests that it's getting more difficult for an average American to afford a home.
The Food and Drug Administration warned consumers about a copycat version of the diabetes drug Ozempic.
Tesla is reportedly moving forward with its plan to make energy shortage storage batteries in China.
Wells Fargo employees at a branch in New Mexico have voted to unionize.
