Brace Yourself for Jeff Bezos' "Amazon Helios"

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

WeightWatchers files for bankruptcy protection to eliminate debt burden

ZEKE MILLER
May 06, 2025

NEW YORK (AP) -- WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.

Parent WW International Inc. said it has the support of nearly three-quarters of its debt holders. It expects to emerge from bankruptcy within 45 days, if not sooner.

WeightWatchers, which was founded more than 60 years ago, has struggled recently. In 2023, the company moved into the prescription drug weight loss business -- particularly with the $106 million acquisition of Sequence, now WeightWatchers Clinic, a telehealth service that helps users get prescriptions for drugs like Ozempic, Wegovy and Trulicity.

Its latest earnings report Tuesday showed that first-quarter revenue declined 10% while its loss on an adjusted basis totaled 47 cents per share. However, clinical subscription revenue -- or weight-loss medications -- jumped 57% year over year to $29.5 million.

In September, WW International CEO Sima Sistani resigned, and the New York company named Tara Comonte, a WeightWatchers board member and former Shake Shack executive, interim chief executive.

Comonte, now CEO, said in a statement Tuesday that, "As the conversation around weight shifts toward long-term health, our commitment to delivering the most trusted, science-backed, and holistic solutions --grounded in community support and lasting results -- has never been stronger, or more important."

Shares of the company have traded at under $1 since early February. In after-hours trading, the stock plunged by half to 39 cents.

The bankruptcy filing was made in U.S. Bankruptcy Court for the District of Delaware.

Continue Reading...

Popular

White House proposes a major overhaul of the outdated US air traffic control system

The Trump administration proposed a major overhaul of the U.S. air traffic control system on Thursday in the wake of recent and that have put a spotlight on the outdated network.

Cadence Teams With Nvidia On Supercomputer Aimed At Faster AI And Engineering Simulations

Cadence unveils its new Millennium M2000 Supercomputer featuring Nvidia Blackwell systems, delivering AI-accelerated simulation for engineering and drug design.

Executive Order 14179 Could Change Social Security Forever - Ad

President Trump's inner circle has a plan that could radically change how Social Security works. In fact, just days after taking office, President Trump signed Executive Order 14179 - giving his team new powers to permanently reset how many key federal agencies work. That reset is now ready to begin... and it's critical you start preparing your money immediately.

COVID Vaccine Maker Novavax Stock Soars 16% - Here's Why

Novavax posts $667 million in Q1 2025 revenue and $2.93 EPS, boosted by Sanofi payments and APA terminations; full-year outlook raised above expectations.

OpenAI CEO Sam Altman and other US tech leaders testify to Congress on AI competition with China

WASHINGTON (AP) — OpenAI CEO Sam Altman and executives from Microsoft and chipmaker Advanced Micro Devices testified on Capitol Hill about the biggest opportunities, risks and needs facing an industry which lawmakers and technologists agree could fundamentally transform global business, culture and geopolitics.

Gold Is Being Poured. the Market Hasn't Reacted. - Ad

A test mining program just demonstrated that an experienced mining team has unlocked the value in a built mine atop a high-grade gold deposit. Ore's already been processed. But the stock is still trading like it's early stage. That won't last long.

Asian shares are mostly higher after Wall St breaks its winning streak

Shares were mostly higher early Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak.

Super Micro Computer Suffers 80% Fall From AI Peak, Traders Wary Ahead Of Q3 Earnings

Super Micro Computer reports Q3 2025 earnings with EPS of 50 cents on $5.42 billion revenue. Stock dropped 60% in past year.

Trump's Exec Order #14154 Could Be a "Millionaire-Maker" - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

China launches a blitz of policies to help its economy, plans talks with the US on trade

BEIJING (AP) — China has announced a barrage of measures meant to counter the blow to its economy from U.S. President ’s trade war, as the two sides prepare for

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Elon Musk's Ex-Wives Missed Out on His Billion-Dollar Wealth — Here's Why

In a stark contrast to Elon Musk's $364 billion fortune, his first wife Justine Wilson Musk is worth just $15 million.

The EU seeks to halt Russian gas imports by the end of 2027 and ban new contracts already this year

BRUSSELS (AP) — The European Union should halt imports of Russian natural gas by the end of 2027 to deprive President Vladimir Putin of revenue that helps fuel his , the bloc’s executive branch said Tuesday.

A New Gold Discovery in Red Lake? - Ad

Two new gold anomalies just lit up the maps. They sit right beside a restart-ready mine-and follow the exact fold pattern that's made Red Lake world famous.

Tempus AI (TEM) Stock Lower Ahead Of Q1 Earnings Report, Notetaker AI Debut

Tempus AI shares are trading lower by 1.3% Tuesday afternoon. The company will report its Q1 earnings after Tuesday's market close.

Associated Press finds 'no definitive evidence' to change credit for famous Vietnam War photo

Months after the release of a who took an iconic Vietnam War image of a naked girl running from a napalm attack, The Associated Press said Tuesday it had found “no definitive evidence” to warrant changing a nearly 52-year-old photo credit.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Trump Boots Mike Waltz As National Security Adviser, Taps Marco Rubio As Interim Replacement

Trump ousts national security adviser Mike Waltz amid internal tensions and a messaging scandal, naming him UN ambassador and replacing him temporarily with Secretary of State Marco Rubio.

PLTR Stock Over 9% In Tuesday Premarket Trading, But This Analyst Remains Bullish, Predicts $1 Trillion Valuation In 3 Years

Palantir Technologies Inc. shares dropped 9.25% in after-hours trading Monday, despite the data analytics company raising its revenue forecast on strong demand for artificial intelligence products.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

XRP Outpaces Bitcoin, Ethereum In Q1 As Investment Inflows Top $200 Million

Despite broader crypto market sluggishness, XRP (CRYPTO: XRP) has had a solid first quarter of the year, according to a recent report.

Floor & Decor Prepared For Current Tariffs As Sourcing Shift Limits China Exposure: Analyst

Telsey analyst lowers price forecast for Floor & Decor Holdings (FND) to $110, maintains Outperform rating. Q1 EPS misses, lowered FY25 guidance.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Japan Hints At Using $1.13 Trillion In US Treasuries As Leverage In Trade Talks, Drawing Alarm From Traders: 'All Cards On The Table'

Traders and macro experts are taking note of the Japanese Finance Minister's subtle reference to his country's substantial U.S. Treasury holdings as possible leverage in the ongoing tariff negotiations with Washington.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

States sue Trump administration for blocking the development of wind energy

A coalition of state attorneys general filed a lawsuit Monday against President Donald Trump's attempt to stop the development of wind energy.

Why Barrick Gold Stock Is Trading Lower

Barrick Gold Corp (NYSE:GOLD) shares are trading lower by 4.5% to $19.08 during Wednesday’s session.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Gold's Historic Surge Unlocking Value in These Mining Stocks

Surging gold prices have amplified the profitability of global gold mining companies. Here are some stocks to consider.

Revolutionary $20,000 Electric Truck Hits the Market, Stripping Down to the Basics

Michigan-based Slate Auto is preparing to shake up the EV market with the introduction of its minimalist, highly affordable electric truck, the Slate Truck, which is priced under just $20,000.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Scaramucci Calls Sam Bankman-Fried Revelation Worst Day of His Career: 'I Trusted the Guy, I Liked Him'

Anthony Scaramucci, who is known for his short stint as the White House communications director under Donald Trump, has opened up about his professional setbacks, including a significant loss due to a fraudulent act by Sam Bankman-Fried.

A Nebraska bill would criminalize hemp-based THC. Opponents say it could make grandma a felon

LINCOLN, Neb. (AP) — Kind Life Dispensary has been offering cannabinoid gummies, tinctures, ointments, now even canned beverages for seven years as one of the first businesses in Nebraska to offer such products. Founder and co-owner Andrea Watkins said her venture has been wildly successful, and she now has three locations in Nebraska's capital city that employ eight people and sell to hundreds of regulars who use the products to treat everything from aches and pains to anxiety and post traumatic stress disorder.

Gold Is Breaking Records. This Stock Hasn't Moved Yet. - Ad

With gold over $3,200, one near-term producer is still trading like a developer. But the mill is running, crews are working underground, and first production is months away.

Ann Telnaes, who quit Washington Post in protest, wins Pulitzer for 'fearlessness' in commentary

NEW YORK (AP) — A longtime editorial cartoonist for The Washington Post early this year after editors killed her sketch criticizing the Post owner and other media chief executives working to curry favor with Trump has won the Pulitzer Prize for illustrated reporting and commentary.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service