Ahead of hearing his name called at the NFL Draft this week, Marvin Harrison Jr. has signed a deal with New Balance, the company announced Tuesday. As part of the agreement, the former Ohio State player will help New Balance launch into the sport, as the plan is to reveal the brand’s first football cleats at the draft. Harrison Jr. is regarded by many as the best wide receiver prospect in the 2024 draft class, as the two-time unanimous All-American and 2023 Fred Biletnikoff Award winner racked up 67 catches for 1,211 yards and 14 touchdowns in 2023. “Family is very important to me and joining a family brand like New Balance felt like I was building a relationship that centers on trust and shared values,” Harrison Jr. said. 

With the company’s stock already down more than 40% in 2024, Tesla‘s outlook doesn’t look much better after it reported its first-quarter earnings on Tuesday. The Elon Musk-led company saw a 9% decrease in revenue in Q1, which marks the biggest year-over-year decline since 2012. Not only was the $21.3 billion in revenue significantly lower than the $25.17 billion made in Q1 last year, but the net income also dropped 55% to $1.13 billion from $7.93 billion a year ago. Tesla has been attempting to make its cars more affordable and has plans to accelerate that mission following Tuesday’s report. In an effort to eliminate costs, the company plans to cut roughly 2,700 workers in its Austin, Texas, factory.

At long last, women’s sports are finally getting the shine they deserve. At Tuesday’s Business of Women’s Sports Event in New York City, executives from iHeartRadio announced it is teaming up with Deep Blue Sports + Entertainment in the company’s newest endeavor: the Women’s Sports Audio Network. As the name implies, the platform will focus exclusively on women’s sports content, and its inaugural programming will feature shows from top talent like WNBA icon Sheryl Swoopes and ESPN personality Sarah Spain. “When you’re driving your kids to school, when you’re going to the mall on the weekends, you’re going to just start hearing, ‘Today in women’s sports,” iHeart CMO Gayle Troberman said at the summit. “Every day, across every sport, we’re going to scale access.”

After 2023 came and went without a new iteration of the iPad, Apple appears to be making up for it in 2024. Apple sent a memo out to the media on Tuesday declaring its upcoming online event on May 7, during which it will announce a launch of new products. While the memo did not clarify what the products would be specifically, a graphic included an image of the Apple Pencil — the accompanying stylus for the iPad — alluding to an expected iPad announcement. Numerous analysts expect Apple to potentially release upgrades to the iPad Pro while also releasing a bigger iPad Air.

Teams are roughly 10 matches into the 2024 campaign, but MLS is already looking ahead to the All-Star Game in July. The league has officially tapped Marshmello and PinkPantheress to headline the 2024 MLS All-Star Concert, set to take place three days ahead of the All-Star Game on July 24. “This is my first major football — or as you guys call it, soccer — event in America, and I look forward to seeing all my fans in Columbus,” said PinkPantheress. All proceeds will benefit Neighborhood Athletics, a Columbus-based, nonprofit organization dedicated to providing athletic and educational opportunities to youth in underserved communities.

Spotify‘s stock rose as much as 15% in early trading on Tuesday after it reported a profit in the first quarter, beating expectations with an operating income of $179 million. One factor that led to the Swedish streaming company’s strong quarter results was a 14% increase in paid subscribers, jumping to 239 million worldwide. The news comes as Spotify undergoes a great deal of change in an effort to save money, having undergone multiple rounds of job cuts as well as raising the prices on certain tiers. And after spending millions in the podcast space, the company has claimed it will be much more intentional and purposeful when it comes to investments moving forward.