Powell Signals Fed Open to Two Straight Hikes at Coming Meetings
Federal Reserve Chair Jerome Powell signaled policymakers could potentially raise interest rates in July and September to curb
2023-06-28 22:54
SolarWinds Staff Warned About Security Holes Before Russia Hack
Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red
2023-10-31 23:56
Bulgaria Pledges More Ukraine Aid, Sparking Clash With President
Bulgaria’s head of state condemned the country’s new government for pledging to boost military support for Ukraine, as
2023-06-23 21:28
Bill Gates-Backed Startup to Use Old Wood to Remove Carbon From the Air
A startup backed and incubated by Bill Gates’ Breakthrough Energy Ventures has engineered a hybrid technology that combines
2023-11-13 19:22
One Year After FTX Imploded, Here’s How Crypto Is Changing
For many who trade cryptocurrencies for a living, the events of a year ago are forever etched in
2023-11-11 22:47
Singapore economy beats estimates but govt warns of global risks
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that...
2023-05-25 10:53
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
Swiss Inflation Holds at 1.7%, Boosting Case for SNB Rate Pause
Swiss inflation stalled in October, delaying an anticipated rebound and strengthening the case for Swiss National Bank officials
2023-11-02 16:19
SoftBank Lines Up Apple, Nvidia as Strategic Arm IPO Backers
SoftBank Group Corp. has lined up some of Arm Ltd.’s biggest customers as strategic investors for the chip
2023-09-02 07:59
Nobody wants a Musk monopoly on satellite internet: Eutelsat boss
The boss of European satellite operator Eutelsat knows her task will not be easy: to forge a competitor to Elon Musk's Starlink and...
2023-11-16 01:57
Kraft Heinz misses third-quarter revenue estimates
Kraft Heinz missed analysts' estimates for third-quarter sales on Wednesday, as the Jell-O maker's volumes took a hit
2023-11-01 19:23
UBS says Credit Suisse CEO to join board in mega merger
Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its executive board following the takeover...
2023-05-09 15:46
You Might Like...
Bank of Montreal's quarterly profit falls on higher rainy-day funds
Crypto Altcoins Outperform as Ripple Court Ruling Spurs FOMO
Revolving Door: DEA’s No.2 quits amid reports of previous consulting work for Big Pharma
Inflation Fight Hits Home as RBA Staff Threaten Strike Over Pay
SPAC seeking merger with Trump's media company agrees to settlement with SEC
Regional Banks See Permanently High Funding Costs, Slok Says
UK factory output drops at fastest rate in almost 3 years: CBI
Stock market today: Wall Street rises as economy holds up better than feared
