Morning Wire Marijuana Overtakes Alcohol & CNN Struggles | Afternoon Update | 5.24.24
May 24, 2024
Marijuana use has officially surpassed alcohol among daily users, marking a significant shift in American habits. Meanwhile, a lawsuit against Live Nation raises questions about Ticketmaster's monopolistic practices, while the housing market grapples with declining sales despite soaring prices. In the media landscape, CNN faces plummeting ratings, particularly among younger demographics, in stark contrast to the surge in viewership at Fox News. Notably, Oceans Church in California celebrated a historic moment with over 12,000 baptisms.
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Live Nation Sued
- The Justice Department and 30 states sued Live Nation for holding a monopoly over live events.
- Ticketmaster, owned by Live Nation, controls 80% of primary ticketing for major concert venues.
Housing Market Slows
- Existing home sales dropped for the second consecutive month in April due to high interest rates.
- The median U.S. home price rose to $407,000, a 5.7% year-over-year increase.
Marijuana Surpasses Alcohol
- Marijuana use surpasses alcohol in daily users.
- 17.7 million Americans use marijuana daily, compared to 14.7 million daily drinkers.