Sean Combs Apologizes , for 'Inexcusable' 2016 , Hotel Security Video.
On May 19, Sean "Diddy" Combs issued
an apology after a 2016 video surfaced
of him abusing his ex-girlfriend Cassie. .
NBC reports that the video appears to match
the description of an incident that was detailed
in a lawsuit that has since been settled.
In a video statement released on Instagram, Combs said his , "behavior on that video is inexcusable.".
It’s so difficult to reflect
on the darkest times in
your life, but sometimes
you got to do that. I was
f---ed up — I mean, I hit rock
bottom — but I make no excuses, Sean Combs, via Instagram.
It’s so difficult to reflect
on the darkest times in
your life, but sometimes
you got to do that. I was
f---ed up — I mean, I hit rock
bottom — but I make no excuses, Sean Combs, via Instagram.
My behavior on that video
is inexcusable. I take full
responsibility for my actions
in that video. I'm disgusted.
I was disgusted then when
I did it. I’m disgusted now, Sean Combs, via Instagram.
My behavior on that video
is inexcusable. I take full
responsibility for my actions
in that video. I'm disgusted.
I was disgusted then when
I did it. I’m disgusted now, Sean Combs, via Instagram.
In November, Combs' ex-girlfriend
Casandra Ventura alleged in a federal lawsuit
that Combs raped and physically abused her. .
In November, Combs' ex-girlfriend
Casandra Ventura alleged in a federal lawsuit
that Combs raped and physically abused her. .
At the time, Combs denied the accusations
and stressed that the settlement was
in "no way" an admission of guilt.
The lawsuit included allegations that Combs
attacked her in a hotel, which would appear to
be supported by the 2016 video released by CNN. .
The video was reportedly captured
in a hotel hallway in March 2016 and
includes multiple angles of the incident. .
Combs is currently the subject of a federal investigation
and a number of civil lawsuits, which include accusations
of sexual assault, trafficking and other criminal activities
Credit: Wibbitz Top Stories Duration: 01:30Published
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.
Credit: Wibbitz Top Stories Duration: 01:31Published
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
Credit: Wibbitz Top Stories Duration: 01:31Published
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
Credit: Wibbitz Top Stories Duration: 01:31Published
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.
Credit: The Hollywood Reporter Duration: 01:12Published
50 Cent denies using Ozempic after showing off 40-pound weight loss. Meek Mill says he charges $250,000 for a verse. Kanye West shared a video of his daughter, North West, showing off her ideas for a..
We just got word on who's checking into 'The White Lotus' next! Six actors have been confirmed to be joining the cast of the upcoming season 3 of the HBO series created by Mike White and among them are..
Credit: The Hollywood Reporter Duration: 01:06Published
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