Friday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines with Jane King.
Tesla is most wanted car brand nationwide
Tesla is now the most wanted car brand in the U.S. Auto Trader released a new study analyzing Google search data of people searching to buy vehicles from specific brands.
It found Tesla came out as the car make people are looking to buy the most in the U.S., topping the tables as the most searched for car for sale in 25 of the 50 states but not in Indiana.
Sen. Warren: Lilly charging too much for insulin
Massachusetts Senator Elizabeth Warren says Eli Lilly is still charging too much for insulin to uninsured people.
Earlier this year Eli Lilly vowed to slash the list price of its generic insulin, Lispro, from $82.42 per vial starting May 1.
Sen. Warren surveyed 300 pharmacies and says the price cuts aren’t being implemented as planned.
Banks to begin releasing Q2 results today
J.P. Morgan Chase is scheduled to report second-quarter results before the opening bell Friday, kicking off the banking industry’s earnings season.
Wall Street will be close while watching to see signs that the banking crisis is over.
Wells Fargo and Citigroup are also out Friday.
Stock market to react to actors’ strike
Stocks like Disney, Netflix, and Warner Bros. Discovery could move today as Hollywood actors announced a strike.
The two sides are divided on a range of issues, including pay and the use of artificial intelligence.
In the short run, the strikes could boost profits for the media giants. With filming shut down, they won’t have movie and tv production costs but can continue to collect revenue from cable TV distributors.
Fed: Taylor Swift’s success impacting economy
The success of Taylor Swift’s Eras tour has had a noticeable impact on the economy.
The Federal Reserve highlighted the impact of Swift’s three Philadelphia concerts in its most recent Beige Book.
Hotel revenues in the city surged to their highest level since the pandemic.
This weekend, Swift’s tour hits Denver, and one estimate from the Common Sense Institute suggests the concert will generate $140 million for the state’s gross domestic product.