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Oil ticks up on lingering worries about supply disruptions
Oil ticks up on lingering worries about supply disruptions
By Laura Sanicola and Muyu Xu (Reuters) -Oil edged higher on Wednesday as investors grappled with the prospect of supply
2023-10-11 14:21
How much money would KSI and Logan Paul lose if it was banned?
How much money would KSI and Logan Paul lose if it was banned?
Boxer and rapper KSI and YouTuber-turned-WWE-star Logan Paul sure have hit the jackpot with their drinks company Prime, to the extent it’s sold for ridiculous prices, made one shop in Wakefield go viral, and even been reviewed by foul-mouthed chef Gordon Ramsay. The collaboration between Paul and KSI (real name Olajide “JJ” Olatunji) was announced back in January last year, with the pair just recently touring Munich, Barcelona, Copenhagen and Oslo to promote the drink. Prime has even become the drinks partner for both Arsenal and Barcelona football clubs. However, such success has also caught the attention of legislators, with one US senator, Democrat Chuck Schumer, calling for the company to be investigated by the Food and Drugs Administration (FDA). In a letter to the regulator, Mr Schumer wrote: “A simple search on social media for Prime will generate an eye-popping amount of sponsored content, which is advertising. “This content and all the claims made should be investigated, along with the ingredients and the caffeine content in the Prime energy drink.” Sign up to our free Indy100 weekly newsletter While Prime Hydration is caffeine-free, the Prime Energy brand contains 200mg of caffeine per 12 ounces, which is about the same as six cans of Coca-Cola or almost two Red Bulls. On Twitter, Mr Schumer went further and claimed the drink contains so much of the stimulant that it “could endanger kids’ health”, but is being “marketed to kids” anyway. “Parents and paediatricians are worried. The FDA must investigate Prime for its absurd caffeine content and its marketing targeting kids on social media,” he wrote. Representatives for Prime, meanwhile, argue the product is clearly labelled as “not recommended for children under 18”. Although the FDA is yet to announce an investigation into the drinks brand, and therefore it’s not yet at risk of being banned in the US, how much money would KSI and Logan Paul stand to lose if such a decision was ever taken? Some insight into just how popular the brand is was given by Paul during an interview on the Australian radio show The Kyle and Jackie O Show in February, in which he said they had garnered “$250m in retail sales [and] $110m gross internally”. “In January of this year, we did $45m,” he added. But of course, Olatunji and Paul won’t see all of that money, with Prime being part of the Congo Brands company and the YouTuber duo reportedly having a combined share of 20 per cent in the brand. Although we don't have the exact estimations, but we imagine the answer to the big question is that the pair would certainly lose a lot of money if they were blocked from selling in a market as big as America. That’s yet to happen, though, and so instead, Prime looks to be getting more and more popular… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-10 22:16
Ford pauses work on $3.5 bn battery plant
Ford pauses work on $3.5 bn battery plant
Ford is halting work on a major battery plant in the northern US state of Michigan, the automaker said Monday, just seven months after launching...
2023-09-26 06:56
WeWork rival IWG's half-year profit surges on high demand, improved pricing
WeWork rival IWG's half-year profit surges on high demand, improved pricing
By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a "cautiously optimistic" outlook after posting a 48% surge in
2023-08-08 14:55
Morgan Stanley’s Wilson Says Clients See Tough 2024 for Stocks
Morgan Stanley’s Wilson Says Clients See Tough 2024 for Stocks
After a sharp stock rally this year on the back of resilient economic growth, investors now have a
2023-09-18 15:49
Singapore Set to Direct Largest Bank DBS to Fix ‘Unacceptable’ Online Outages
Singapore Set to Direct Largest Bank DBS to Fix ‘Unacceptable’ Online Outages
Singapore’s financial regulator is set to direct DBS Group Holdings Ltd. to take further steps to resolve a
2023-11-01 17:22
Biden is set to mark the anniversary of his signing of a major climate, health and tax law
Biden is set to mark the anniversary of his signing of a major climate, health and tax law
The White House is ramping up its efforts to illustrate the real-world impact of President Joe Biden’s signature climate, health care and tax law
2023-08-16 22:22
Europe shares edge lower as bank stocks drag
Europe shares edge lower as bank stocks drag
European shares edged lower on Monday, as a sharp decline in financial stocks more than offset gains in
2023-06-26 15:58
Donald Trump Sues Former British Spy in London Data Lawsuit
Donald Trump Sues Former British Spy in London Data Lawsuit
Donald Trump sued the ex-British spy who compiled the notorious dossier about alleged ties between the Kremlin and
2023-09-29 15:53
Parque Arauco will Invest USD 8.5 Million in Its Colombian Shopping Centers to Incorporate Three H&M Stores Into Its Brand Portfolio
Parque Arauco will Invest USD 8.5 Million in Its Colombian Shopping Centers to Incorporate Three H&M Stores Into Its Brand Portfolio
SANTIAGO, Chile--(BUSINESS WIRE)--Jun 5, 2023--
2023-06-06 01:19
Aldi is buying 400 Winn-Dixie and Harveys supermarkets
Aldi is buying 400 Winn-Dixie and Harveys supermarkets
Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024.
2023-08-17 02:24
Introducing the Brightspot Developer Portal: Empowering Users to Extend and Customize the CMS Platform
Introducing the Brightspot Developer Portal: Empowering Users to Extend and Customize the CMS Platform
RESTON, Va.--(BUSINESS WIRE)--Aug 9, 2023--
2023-08-09 20:20