CNBC Top News

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• Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy

  Cracker Barrel reported fourth-quarter earnings after the bell on Wednesday.

• 'That's cute': Frontier CEO fires back at United CEO declaring discount airline model dead

  Frontier Airlines CEO fired back at United's CEO for saying the discount airline model is dead in the United States.

• Eli Lilly pill outperforms Novo Nordisk’s oral drug in head-to-head diabetes trial

  Eli Lilly said orforglipron was better at lowering blood sugar levels than Novo Nordisk's oral semaglutide, and helped patients lose more weight.

• NCAA sports commissioners weigh revenue models, private equity in NIL era

  College sports leaders are crunching the numbers as they head toward payments for players and new avenues for revenue growth.

• Live Nation CEO touts soaring demand, says concert tickets are still relatively underpriced

  Despite headlines about rising ticket prices, Live Nation CEO Michael Rapino argued that concerts are still underpriced compared to sporting events.

• Mortgage rates drop to 3-year low ahead of Fed meeting

  Mortgage rates drop to the lowest level since late 2022 ahead of the Fed meeting. Here's why.

• Eli Lilly to build $5 billion Virginia facility to boost production of targeted cancer drugs, other treatments

  The Eli Lilly plant is the first of four planned U.S. manufacturing sites, which are expected to begin making medicines within five years.

• NHL embracing return to Olympics after 12-year absence

  NHL players will return to the 2026 Olympic Games in Milan after a 12-year absence, something Commissioner Gary Bettman said will be a boon to the league.

• Josh Harris says you likely won't see more sports assets going public as values soar

  "When you think about IPOs and sports assets being public so far, they've been valued more highly as private assets," Harris said at CNBC Sport and Boardroom's Game Plan conference.

• Versant strikes multiyear media deal with League One Volleyball

  Versant has struck a multiyear media rights deal with League One Volleyball, the second media rights agreement for the Comcast spinoff.