Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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Cheddar Morning Spotify News Briefings of March 24th
Cheddar Morning Spotify News Briefings
Cresco Labs to Become the Largest U.S. Cannabis Company by Sales With Columbia Care Acquisition
Cannabis producer Cresco Labs is acquiring rival Columbia Care in a $2 billion all-stock deal, creating the largest U.S. cannabis company by sales. The deal, which is expected to close in the fourth quarter of 2022, is one of the biggest in the industry's history and would make Cresco the dominant player in a market projected to reach $46 billion in revenue by 2026. Charlie Bachtell, CEO of Cresco Labs, joins Cheddar News' Closing Bell to discuss.
Stocks Closed Higher Tuesday as Investors Continue to Digest Fed Chair Powell's Remarks
Sean O'Hara, President of Pacer ETF's, explains why investors who were down after Jerome Powell's remarks on inflation Monday were more optimistic on Tuesday as the major indexes ended the day near session highs.
Sports Betting Brands Scaling Back Ads As Stocks Stumble
Sports betting has boomed over the past year; but at the same time, sports betting stocks have not been so hot. Now, some sports betting brands are starting to rethink how to spend their money, especially when it comes to ads. It will come after online sports betting brands spent more than $320 million on advertising in 2021, up 38% from 2020, per MediaRadar. Brendan Coffey, sports finance reporter for Sportico, joins Cheddar News' Closing Bell to discuss.
Forge Global Goes Public, Giving Investors Access to Private Market
Kelly Rodriques, CEO of Forge Global, joined Cheddar News to discuss the company's public debut on the NYSE, and the company's mission of providing users access to private market trading.
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need2know-afternoon-edition-032322
Rowing Machine Maker Hydrow Raises $55 Million
Rowing-machine maker, Hydrow, raised $55 million in Series D funding round, led by Constitution Capital. Hyrdow offers a connected rowing machine that costs $2,495. The company's funding round comes as the at-home fitness industry is facing some challenges, due to many consumers returning to gyms after working out at home during the pandemic. Bruce Smith, founder & CEO of Hydrow, joined Cheddar News' Closing Bell to discuss.
Zebec Helping Facilitate Crypto Payment Transactions
Sam Thapaliya, Founder of Zebec, explains the two major problems associated with paying public figures in crypto, and how his firm is best-suited to help facilitate payments within the growing industry.
Multitude of Factors Contributing to Volatility in Crypto Space
Wes Fulford, CEO of Viridi Funds, breaks down how several key headlines, include President Biden's executive order on crypto and rising inflation, are impacting the price of major cryptocurrencies during a volatile period.
