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    MLS Commissioner Don Garber talks Apple subscribers, Messi and growth of soccer

    MLS Commissioner Don Garber said Apple subscriptions are exceeding expectations.
    On Wednesday, MLS extended his contract through 2027.
    The MLS Cup kicks off on Saturday between the New York Red Bulls and Los Angeles Galaxy.

    Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday.
    Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just signed a new contract with MLS through 2027, said more than 12 million fans attended games this year. And that enthusiasm translated to watching games outside the stadium, too.

    “We have more subscribers than we and Apple thought we would have. We have more people watching our games,” Garber said.
    Apple has not released any subscriber numbers, leading some to speculate that the numbers might not be very strong.
    “At some point there’ll be more transparency,” Garber said.
    Yet the soccer commissioner said he’s exceedingly happy with the relationship, noting that Apple gives MLS the platform to make every single game a national game. They’ve also streamlined start times, meaning matches now begin at two different times instead of 60 different times to make it easier for fans to tune in.
    “We have the ability to have technology and data and multi-stream experiences, things we wouldn’t have been able to do with linear, perhaps even with other streaming services,” Garber said. “So when you can partner with a company like Apple, you have opportunity to solve issues and lean into a better future.”

    Meanwhile, Garber is preparing for the 2024 MLS Cup to kick off in Los Angeles on Saturday. But MLS’ crown jewel Lionel Messi will not be playing.
    Instead, the LA Galaxy will try to reclaim their place as MLS’s most successful club, having already won a record five MLS Cups. They will play the New York Red Bulls, who are seeking their first-ever MLS Cup and had a dramatic turnaround after finishing last season 26th out of 29 clubs.
    “That shows the commitment to, you know, a competition parity that any team could win on any given time,” Garber said.
    Garber acknowledged that Messi’s impact on the game has been unprecedented.
    “You could see that pink InterMiami jersey everywhere around the world. It’s the No. 1 jersey that Adidas has,” he said.
    But he isn’t worried about life after Messi as he points to the exciting pipeline of younger players.
    “I think there’ll be another Messi at some point,” Garber said. “And we’ve constantly evolved from having big name players that could could really make a difference and break through this very, very busy market.” More

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    Prescription fills for weight loss drugs Zepbound and Wegovy more than doubled in 2024, GoodRx says

    Prescription fills for blockbuster weight loss medications in the U.S. more than doubled in 2024, even with limited insurance coverage and high out-of-pocket costs for the treatments.
    That’s according to new data from drug savings company GoodRx, which examined fill trends and spending patterns for weight loss drugs such as Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound.
    It offers more evidence of the insatiable demand for a buzzy class of medications called GLP-1 and GIP agonists, which have hefty list prices of roughly $1,000 per month before insurance or savings cards. 

    A combination image shows an injection pen of Zepbound, Eli Lilly’s weight loss drug, and boxes of Wegovy, made by Novo Nordisk. 

    Prescription fills for blockbuster weight loss drugs in the U.S. more than doubled in 2024, even with limited insurance coverage and high out-of-pocket costs for the treatments, according to data released Thursday by drug savings company GoodRx. 
    The figures offer more evidence of the insatiable demand for a buzzy class of medications called GLP-1 and GIP agonists, which mimic gut hormones to suppress appetite and regulate blood sugar. That includes Novo Nordisk’s weight loss drug Wegovy and Eli Lilly’s obesity treatment Zepbound, which have hefty list prices of roughly $1,000 per month before insurance or savings cards. 

    Prescription fills for Wegovy and Zepbound increased by more than 100% and 300%, respectively, since the start of 2024. Zepbound’s jump reflects its first year on the market, as it was approved in the U.S. in November 2023. Wegovy won U.S. approval in 2021.
    “It’s just a pretty astronomical increase in sales, and because of that, a lot of eyes are on them around their affordability and accessibility,” GoodRx director of research Tori Marsh said in an interview. 
    The data comes from GoodRx’s new Weight Loss Medications Tracker, which examines fill trends and spending patterns in the U.S. for popular weight loss medications. 
    The high fill rates come even as just 9% of people with commercial insurance have unrestricted coverage of Zepbound, and 14% have unrestricted coverage of Wegovy, according to GoodRx. That refers to insurance coverage without any additional hoops for patients to jump through, such as prior authorization or higher BMI requirements.
    Far higher rates of patients — around 60% to 70% — are under insurance plans with more restrictive coverage of the drugs. But Marsh said out-of-pocket costs can add up, even if a patient has insurance coverage for a weight loss treatment. 

    The average insured person taking Zepbound can expect to pay over $2,500 a year in copays for the drug, she said. GoodRx found that people spent $231 on average out of pocket for a monthly prescription of Zepbound from January 2023 to October this year. 
    “Insurance is just not the stopgap that it used to be,” Marsh said. 
    Meanwhile, nearly 1 in 5 people with commercial insurance have no coverage of at least one branded GLP-1 and GIP agonist prescribed for weight loss. 
    GoodRx found that Americans have overspent by at least $200 million by paying the full retail prices for weight loss medications instead of leveraging savings options, such as GoodRx’s coupons or assistance programs offered by Eli Lilly or Novo Nordisk. GoodRx said it calculated the overpayment number based on the average price people could have paid for a drug with a GoodRx discount. 
    GoodRx said people without insurance can save an average of $250 monthly, or $3,000 annually, using its coupons for weight loss drugs. 
    GoodRx’s data is consistent with other research indicating spotty insurance for weight loss drugs in the U.S. For example, a survey published in October found that less than a fifth of large employers in the country include coverage of those treatments in their health insurance plans. 
    The federal Medicare plan also doesn’t cover weight loss treatments unless they are approved and prescribed for another health condition. Research has shown that covering the drugs could significantly raise costs for employers and state and federal governments.
    But the Biden administration in November proposed a rule that would allow Medicare and Medicaid to cover weight loss drugs for patients with obesity. If greenlit by the incoming Trump administration, the rule would significantly expand access to the treatments. More

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    Will Europe ease up on big tech?

    Silicon Valley and the European Commission, the EU’s executive arm, have a strained relationship. Regulators in Brussels blame American tech giants for everything from the struggles of European startups to teenage depression. American tech firms whinge that they are targeted by jealous Europeans. Now, after years of acrimony, a détente is possible. On December 1st a new commission took office. More

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    Can teenagers outwit Australia’s social-media ban?

    “We’ve got your back,” Australia’s prime minister, Anthony Albanese, told parents on November 29th, a day after pushing through some of the world’s strictest limits on screentime. One year from now, under-16s will be banned from using social media, in a move intended to protect them from harm. Teenagers groaned. Parents discreetly high-fived. Policymakers around the world took notes. More

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    Not all European business is a profitless wasteland

    TALK TO EUROPEAN bosses about their continent and the responses are as varied as the languages they speak. Katastrophe, bark the Germans. The Italians wave their hands in exasperation. The French offer a resigned Gallic shrug. The British change the subject to the weather (which isn’t exactly fabulous, either). With governments collapsing centre-left (in Germany last month) and centre-right (in France on December 4th), plus war raging in next-door Ukraine, chaos is the political watchword. More

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    How to inspire people

    Motivational quotes. Videos of Steve Jobs saying absolutely anything. Clips of a baby elephant being rescued from a river. You do not have to scroll for long on LinkedIn, a networking site ostensibly for people at work, to find “inspirational” content. There may be people who need only to read “We cannot become what we want by remaining what we are” written in a nice font to feel amped up on a Monday morning. But there will be just as many who want to snigger or vomit. For bosses interested in how to motivate the people around them, there are better options than searching for quotes by Paulo Coelho. More

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    American Airlines chooses Citi as sole credit card partner, drops Barclays

    American Airlines has co-branded credit card deals with Citi and Barclays because of its 2013 merger with US Airways.
    Co-branded credit card deals bring in billions for airlines and drive profitability.
    The new deal with Citi takes effect in January 2026.

    American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. 
    Shannon Stapleton | Reuters

    American Airlines has inked a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays.
    The airline said Wednesday that it expects payments it receives from its co-branded credit card and other partners to grow 10% a year. In the 12 months through Sept. 30, American brought in $5.6 billion from these deals.

    CNBC reported in September that the airline was in talks to pick Citi as its exclusive credit card partner.
    This is breaking news. Check back for updates. More

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    JetBlue cuts more unprofitable routes, tweaks Europe flights

    JetBlue has been focused on cutting unprofitable flights to stem losses.
    The carrier also has been trimming underperforming routes to focus on core markets.
    JetBlue is ending some Miami flights and said the carrier will be overstaffed there.

    Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. 
    Nicholas Economou | Nurphoto | Getty Images

    JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying aircraft outfitted with its high-value business class and tweaking Europe service, the carrier’s latest moves to return to consistent profitability and cut costs.
    It will also stop using planes with Mint business class on Seattle flights in April.

    JetBlue said it will cut flights from Fort Lauderdale, Florida, to Jacksonville, Florida; from New York’s John F. Kennedy International Airport to Austin, Texas; Houston, Texas; Miami; and Milwaukee, Wisconsin; and from Westchester, N.Y. and Milwaukee. It will also end service to San Jose, California.
    JetBlue said ending service between JFK and Miami will make the carrier over-staffed in Miami and that it’s working with crew members on options, like working in other cities it serves.

    Read more CNBC airline news

    “Florida remains a strong geography for JetBlue, however post-COVID we haven’t been profitable in Miami due to the dominance of legacy carriers like American and Delta there,” wrote Dave Jehn, JetBlue’s vice president of network planning and airline partnerships, in a staff note, which was seen by CNBC.
    It will continue serving Miami from Boston.
    JetBlue will announce some new Europe service next week, the memo said. But starting in the summer 2025 travel season, it will drop its second JFK-Paris flight and its summer-only service between New York and London’s Gatwick Airport, said Jehn.

    The changes were announced after JetBlue said its revenue and bookings have come in better than expected for November and December, sending shares up more than 8% on Wednesday. CEO Joanna Geraghty and her team are focusing on reducing costs and culling unprofitable routes, such as those on the West Coast, as they grapple with a Pratt & Whitney engine grounding and post-pandemic shifts in demand.
    JetBlue said customers who are affected by the changes can select alternate flight options or receive a refund if other routes aren’t available.
    “Recently, we made some network adjustments in certain markets, removing some underperforming flying from our schedule, allowing us to redeploy resources, including our popular Mint service, toward high-demand markets and new opportunities,” JetBlue said in a statement. More