Millions of Bets Flood in on 2024 US Election & Pharmacy Giants are Shrinking

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Oct 16, 2024

A wave of bets is flooding in for the 2024 U.S. presidential election, thanks to the new prediction markets. Meanwhile, Walgreens is closing 1,200 stores as prescription drug payments dry up. The highly anticipated 'Joker' sequel struggles to break even at the box office. In contrast, the Victoria's Secret Fashion Show makes a comeback with a focus on inclusivity. Plus, Boston's women's soccer team reveals a unique new name, and Sphere Entertainment plans to expand its amphitheater venues globally.

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ANECDOTE

High-Paying Internship

Jane Street Capital, where Sam Bankman-Fried worked, offers a research internship with a $250,000 salary.
This is more than the UK Prime Minister and Fed Chair make, requiring no finance background.

INSIGHT

Election Betting Surge

Prediction markets for the 2024 US election are surging with $1.9 billion wagered.
These markets offer a potentially more accurate, real-time view than polls but are susceptible to manipulation.

INSIGHT

Pharmacy Squeeze

Retail pharmacies like Walgreens, Rite Aid, and CVS are struggling due to competition and reduced reimbursements.
They face pressure from big retailers on the front end and Amazon's pharmacy push on the back end.

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