Reality TV Stars Reaching Out to Bethenny Frankel to Join Fight Against NBC

Red Lobster Says Locations Will Stay Open After Filing For Bankruptcy

Red Lobster Says , Locations Will Stay Open , After Filing For Bankruptcy. On May 19, Red Lobster confirmed in a statement that the company has filed for voluntary Chapter 11 bankruptcy in Florida. . NBC reports that the largest seafood chain in the United States said that filing for Chapter 11 will , "drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its assets as a going concern.". In a so-called stalking horse arrangement, Red Lobster will sell the entire business to a new entity that is completely owned and controlled by lenders. . According to the company, lenders have provided $100 million in financial commitments to fund the chain's ongoing operations. According to the company, lenders have provided $100 million in financial commitments to fund the chain's ongoing operations. NBC reports that the company's bankruptcy petition lists Red Lobster's assets at a value between $1 billion and $10 billion. The chain stressed that despite closing around 99 locations across the U.S., remaining locations will remain open during the bankruptcy process. The company added that it has been , "working with vendors to ensure that operations are unaffected.". This restructuring is the best path forward for Red Lobster. It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth, Jonathan Tibus, Red Lobster CEO, via NBC. The 56-year-old chain was founded back in 1968. By 2019, Red Lobster had expanded to include nearly 700 locations across the country. NBC reports that the company has struggled under a growing debt load after failing to regain a foothold following the COVID-19 pandemic.

New Analysis Suggests Long-Term Effectiveness for Wegovy Users

New Analysis Suggests , Long-Term Effectiveness , for Wegovy Users . NBC reports that patients taking Novo Nordisk's obesity treatment maintain an average of 10% weight loss over four years. The news potentially boosts the drugmaker's push for Wegovy to be covered by insurers and governments. . The company submitted long-term findings at the European Congress on Obesity in Venice, Italy. . This is the longest study we’ve conducted so far of semaglutide for weight loss, Martin Holst Lange, Novo’s head of development, via NBC. We see that once the majority of the weight loss is accrued, you don’t go back and start to increase in weight if you stay on the drug, Martin Holst Lange, Novo’s head of development, via NBC. According to another analysis published by the drugmaker, approximately 17% of trial participants stopped using the treatment due to side effects like nausea. . The costly treatment ranges from $200 to nearly $2,000 per month in the ten countries where the drug is available. NBC reports that Novo Nordisk was the first drugmaker to market GLP-1 agonists, originally developed as a diabetes treatment, to address record high obesity rates. NBC reports that Novo Nordisk was the first drugmaker to market GLP-1 agonists, originally developed as a diabetes treatment, to address record high obesity rates. Rival Eli Lilly launched its drug Zepbound in the United States in December of 2023. . Neither drugmaker has managed to produce enough of the treatment to meet surging demand

Red Lobster Announces Nearly 100 Locations Will Be Shut Down

Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down. NBC reports that approximately 99 Red Lobster locations will be auctioned off as the seafood chain faces questions regarding the company's long-term future. Founder and CEO of the liquidation firm TAGeX Brands, Neal Sherman, said he would lead the closure of over 50 locations in a May 13 LinkedIn post. Sherman said equipment from the locations will be auctioned off. Locations will reportedly be closed across the United States, including Denver, Indianapolis, California and New York. On May 14, Restaurant Business Magazine reported a total of 99 locations would close, representing about 15% of the company's 700 locations. . NBC reports that the largest seafood restaurant in the U.S. has struggled with debt, unfavorable leases and executive turnover. The chain's troubles also stem from ill-advised strategies like an all-you-can-eat-shrimp promotion in 2023 that resulted in a significant loss. Earlier in 2024, the chain's largest investor, Thai Union, announced that it would seek to exit its position. . The combination of Covid-19 pandemic, sustained industry headwinds, higher interest rates and rising material and labor costs have impacted Red Lobster, resulting in prolonged negative financial contributions to Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC. After detailed analysis, we have determined that Red Lobster’s ongoing financial requirements no longer align with our capital allocation priorities and therefore are pursuing an exit of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC

'The Voice' Season 26 Adds Michael Bublé & Snoop Dogg as Coaches | THR News Video

Snoop Dogg and Michael Bublé are the two newest superstars to join 'The Voice' as coaches. NBC announced during its upfront presentation that Snoop and Bublé will join the singing competition for its 26th season in the fall. Reba McEntire and Gwen Stefani will return to the show to fill the other two coaches' chairs.

Some US Weapon Shipments to Israel Continue Amid Invasion of Rafah

Some US Weapon , Shipments to Israel Continue , Amid Invasion of Rafah. NBC reports that United States officials say that shipments of military assistance have continued despite concerns of Israel's invasion of Rafah in southern Gaza. NBC reports that United States officials say that shipments of military assistance have continued despite concerns of Israel's invasion of Rafah in southern Gaza. Officials familiar with the matter claim that shipments of both offensive and defensive weapons have been sent to Israel in recent days. The news comes after the Biden administration threatened to suspend arms shipment over Israel's plan to invade Rafah, where over 1 million Palestinians have taken refuge. The news comes after the Biden administration threatened to suspend arms shipment over Israel's plan to invade Rafah, where over 1 million Palestinians have taken refuge. In response to the U.S. threat, Israeli Prime Minister Benjamin Netanyahu vowed that his country would "stand alone" in order to pursue its goal of eliminating Hamas. In response to the U.S. threat, Israeli Prime Minister Benjamin Netanyahu vowed that his country would "stand alone" in order to pursue its goal of eliminating Hamas. Last week, the Biden administration halted an arms shipment of bombs that were intended for Israel. . Last week, the Biden administration halted an arms shipment of bombs that were intended for Israel. . NBC reports that with no ceasefire between Hamas and Israel in sight, Israeli forces have continued its bombardment of Rafah amid ground operations. . According to the United Nations, over 100,000 people have fled from eastern Rafah since Israel issued evacuation orders earlier this week. . According to the United Nations, over 100,000 people have fled from eastern Rafah since Israel issued evacuation orders earlier this week. . Aid groups, along with doctors and local officials, have expressed growing concern that hospitals in Rafah have already been overwhelmed ahead of a feared full-scale Israeli assault. . For five days, no fuel and virtually no humanitarian aid entered the Gaza Strip, and we are scraping the bottom of the barrel, Hamish Young, UNICEF Senior Emergency Coordinator in the Gaza Strip, via NBC. According to local health officials, over 34,900 people in Gaza have been killed since Israel launched its assault following the October 7 Hamas attacks. . According to local health officials, over 34,900 people in Gaza have been killed since Israel launched its assault following the October 7 Hamas attacks.