Wall Street Breakfast Spirit Airlines exploring bankruptcy option - report
Oct 4, 2024
Spirit Airlines is reportedly considering a bankruptcy filing due to mounting debts. Meanwhile, a port strike has ended with dockworkers securing a significant wage hike. The stock performance of Hims & Hers is under scrutiny as the recent easing of GLP-1 shortages raises concerns. Additionally, the podcast explores market movements, including the latest happenings with major companies like Tesla and JPMorgan Chase's stake in troubled Star Entertainment.
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Spirit Airlines Bankruptcy
- Spirit Airlines is considering bankruptcy after JetBlue abandoned a merger agreement.
- They are discussing terms with creditors, facing a substantial debt load.
Port Strike Ends
- Dockworkers ended their three-day strike after reaching a tentative agreement.
- The agreement includes a significant wage increase of approximately 62% over six years.
Hims & Hers Stock Drop
- Hims & Hers stock dropped after the FDA confirmed Eli Lilly's tirzepatide was no longer in shortage.
- The company plans to expand its portfolio with personalized treatments.