Oliver Barnes

Hedge fund manager Jim Chanos has switched to a bullish stance on the US gambling industry’s prospects after assessing that Americans lured in by novel wagers are surprisingly “bad bettors”. Chanos began shorting DraftKings in May 2021, arguing publicly that its business model was flawed because of its massive spending on marketing and uncertain path to profitability. Best known for betting against energy group Enron before its bankruptcy in 2001, Chanos said he had reassessed his pessimism about online sports betting, which has boomed since a Supreme Court verdict liberalised the industry five years ago.

Little-known Canadian company processes most location checks on online U.S. gamblers

Meet the Blackstone-backed business that cornered a key part of the U.S. betting market: verifying gamblers' locations. Keep reading.

Mind-altering substances could be on the cusp of medical acceptability, with sovereign wealth funds Temasek and Mubadala in talks to fund biotech groups harnessing their potential

Allegations about a high-profile presenter have exposed how vulnerable the institution is in an era of populist politics

US group hunts for outsourcers to lift production of Zepbound as it takes on Danish group’s Wegovy blockbuster

DTI specializes in creating highly detailed, immersive 3D models of the interiors of schools, aiding first responders and school administrators in emergency planning and response.

Factory inspectors refuse to visit country over fears they could fall foul of tightened rules

With revenues having more than doubled since 2019, to $10bn, US pharma group targets painkillers

US pharma group follows Eli Lilly with website for patients to obtain medication online