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Losses are mounting and cash is running short at MoviePass.Helios and Matheson, the owner of the subscription movie service, posted a 6.6 million loss in the second quarter, dwarfing its .7 million loss in the year ago period. It lost 2.47 a share.The company's latest government filing also presented a picture of just how rapidly Helios and Matheson is spending money on the service.It has burned through more than 9 million in cash since the beginning of the year. Most of that money, more than 0 million, has been spent in the last quarter.Meanwhile, the company's cash reserves are dwindling. It has only .5 million in cash on its balance sheet, plus another .7 million held by payments processors. Helios and Matheson warned that "without raising additional capital, there is substantial doubt about the company's ability to continue as a going concern." 888
Mariah Carey says that for years she didn't want to believe her diagnosis, but now the superstar singer is proud to share.In a new People magazine cover story, Carey talks about having been diagnosed with bipolar disorder and where she is today."Until recently I lived in denial and isolation and in constant fear someone would expose me," she said. "It was too heavy a burden to carry and I simply couldn't do that anymore. I sought and received treatment, I put positive people around me and I got back to doing what I love -- writing songs and making music."The Mayo Clinic defines bipolar disorder as "a mental health condition that causes extreme mood swings that include emotional highs (mania or hypomania) and lows (depression)."Carey said she was first diagnosed in 2001 when she was hospitalized following a breakdown.She said she recently sought treatment after years of upheaval in her professional and personal life.Carey told the publication she is now in therapy and taking medication for bipolar II disorder, which involves periods of depression as well as hypomania.Her medication is working well, she said."It's not making me feel too tired or sluggish or anything like that," the singer said. "Finding the proper balance is what is most important."On Wednesday, Carey tweeted the cover image of her story in People."I'm grateful to be sharing this part of my journey with you," she wrote in the tweet.Carey, who is divorced from actor Nick Cannon and shares 6-year-old twins Monroe and Moroccan with him, said she decided to go public now because she's "just in a really good place right now, where I'm comfortable discussing my struggles with bipolar II disorder.""I'm hopeful we can get to a place where the stigma is lifted from people going through anything alone," Carey said. "It can be incredibly isolating. It does not have to define you and I refuse to allow it to define me or control me." 1932
MEXICO CITY (AP) — President Andres Manuel Lopez Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country's commitment to manufacturing and trade despite recent U.S. threats to close the border entirely.Mexico will slash income and corporate taxes to 20 percent from 30 percent for 43 municipalities in six states just south of the U.S., while halving to 8 percent the value-added tax in the region. Business leaders and union representatives have also agreed to double the minimum wage along the border, to 176.2 pesos a day, the equivalent of .07 at current exchange rates.Lopez Obrador, who took office on Dec. 1, said the idea is to stoke wage and job growth via fiscal incentives and productivity gains. U.S. President Donald Trump has repeatedly complained that low wages in Mexico lure jobs from the U.S. Mexico committed to boost wages during last year's negotiations to retool its free trade agreement with the U.S. and Canada.Speaking from Ciudad Juarez, a manufacturing hub south of El Paso, Texas, Lopez Obrador said Saturday he agrees with Trump that Mexican wages "should improve." He decried, for instance, that Mexican auto workers earn a fraction of what their U.S. counterparts take home, topping out at just an hour versus a typical wage of an hour in the U.S.Yet the economic plan comes at a delicate moment for the border region. Trump threatened as recently as last week to close the U.S.-Mexico border "entirely" if Democrats refuse to allot .6 billion to expand the wall that separates the two countries.Economy Minister Graciela Marquez noted Saturday that the border region targeted for economic stimulus accounts for 7.5 percent of Mexico's gross domestic product. And in recent years, she said, the 43 municipalities included in the plan have boasted combined economic growth of 3.1 percent, above the national average of 2.6 percent for the six years through 2017.Much of that robustness owes to trade and proximity with the U.S., the world's biggest economy."We have to take advantage of this locomotive that we have on the other side of the border," she said.Marquez expressed optimism that the stimulus plan will direct more Mexican and foreign investment into the border region. The plan for the border region is part of what Lopez Obrador calls "curtains of development" to shore up different corridors of the country so that Mexicans stay rather than migrating in search of better economic prospects. 2543
LOUISVILLE, Ky. -- Senate Majority Leader Mitch McConnell says there will be a peaceful transfer of power if Joe Biden wins the 2020 presidential election.When asked by WLEX's Karolina Buczek if a peaceful transfer of power would take place once the election is settled and the former vice president ends up winning the Electoral College, McConnell responded with "of course" on Friday. 394
LOS ANGELES, Calif. – Rapper Megan Thee Stallion says she suffered a gunshot wound and was taken to the hospital over the weekend.The Houston artist behind the hits “Hot Girl Summer” and “Savage” made the announcement in an Instagram statement Wednesday afternoon.The rapper said the narrative that’s being reported about the events surrounding the shooting are inaccurate and she wanted to set the record straight."On Sunday morning, I suffered gunshot wounds, as a result of a crime that was committed against me and done with the intention to physically harm me,” she wrote. “I was never arrested, the police officers drove me to the hospital where I underwent surgery to remove the bullets."She says she’s “incredibly grateful to be alive” and expects to make a full recovery.“But it was important for me to clarify the details about this traumatic night," Megan continued in her statement. "I'm currently focused on my recovery, so I can return back to my life and back to making music as soon as possible."Her statement comes after TMZ reported that Megan had been involved in an incident which led to the arrest of fellow rapper Tory Lanez on a weapons charge. TMZ says it happened in the Hollywood Hills early Sunday morning.In her Instagram caption, Megan added, "This whole experience was an eye opener and a blessing in disguise. I hate that it took this experience for me to learn how to protect my energy."It’s unclear at this time what led to the shooting or where the rapper was shot. 1507