SiriusXM added $2.7 billion of market capitalization this week as its share price gained 18.3% to $4.53 — the stock’s highest closing price since Feb. 17 and 36.4% above its low point in 2023 of $3.32 reached on April 27.

The satellite radio broadcaster got a boost on Tuesday (June 27) when it announced it was scrapping its standalone podcast app, Stitcher, to concentrate on producing podcast content, selling advertisements and leveraging the content to attract SiriusXM subscribers. This evidence that the company is reorganizing and re-thinking how it operates in the fast-growing podcast market appeared to leave an impression on investors, with shares of SiriusXM rising as much as 10.5% on Tuesday.

SiriusXM had the second-best performance of the week on the Billboard Global Music Index, a 21-stock index covering record labels, publishers, satellite and radio broadcasters, and live music and ticketing. The Index improved 2.5% to 1,320.23 this week, as 12 of the 21 stocks finished the week in positive territory. Relative to other indexes, it outperformed the S&P 500 (+2.3%), the Nasdaq composite (+2.2%), the FTSE 100 (+0.9%) and South Korea’s Kospi index (-0.2%). 

Two other radio companies, Cumulus Media and iHeartMedia, were among the leading music stocks this week. Shares of Cumulus Media improved 20.6% to $4.10 just one week after gaining 9.7% and leading the Billboard Global Music Index, while iHeartMedia’s stock gained 8% to $3.64. But despite those improvements, both stocks have fallen precipitously in 2023 amidst a soft advertising market. Through June 30, Cumulus Media and iHeartMedia are down 34% and 40.6%, respectively, year to date.

Another standout performer this week was Universal Music Group, the world’s largest record label and music publisher, with shares gaining 5.5% to 20.35 euros ($22.23). The company will release second-quarter earnings on July 26.

Halfway through 2023, the Billboard Global Music Index is up 13%. The index’s growth has come from large gains by some of the most valuable companies on the index: Spotify (+103.4%), HYBE (+62.2%) and Live Nation (+30.6%). The largest gain on a percentage basis, meanwhile, came from the smaller LiveOne (+173.3%). 

Both Jennifer Lawrence and Jack Harlow hail from Louisville, Kentucky — a fact that came as a surprise to The Hunger Games actress while appearing on the newest episode of Chicken Shop Date.

“Really? He’s from Kentucky?” Lawrence, in disbelief, asks host Amelia Dimoldenberg, who goes on to explain that he’s from Louisville.

“I’m from Louisville. There is no way Jack Harlow is from Louisville, Kentucky,” Lawrence replies, to which Dimoldenberg suggests, “I thought you would know, and be friends.”

Lawrence said she’s “down to be friends” with the rapper, referencing how much she “loved” his viral interview with Emma Chamberlain at the 2022 Met Gala. In the clip, the “Industry Baby” star and the YouTube sensation have a hilariously awkward yet flirty interaction, telling each other that they love each other at the end.

Dimoldenberg’s reaction to Lawrence’s statement suggests that the Silver Linings Playbook actress might have not seen her own viral, flirtatious Chicken Shop Date episode with Harlow, which currently has more than 15 million views.

Elsewhere in their date, Dimoldenberg asked Lawrence if the actress’ husband, Cooke Maroney, likes The Hunger Games, in which she starred as Katniss Everdeen. “He just died laughing at me,” Lawrence recalls of the time she asked, “and like, texted all my friends that I said that.”

She later clarified that Maroney, with whom she shares one-year-old son Cy, does in fact like The Hunger Games.

Watch the entire Chicken Shop Date with Jennifer Lawrence below.

Jelly Roll is taking things short for summer.

The “I Need a Favor” singer/songwriter cut off his long hair and shared a video of the process via Instagram on Friday (June 30).

“You ever wake up and just feel like ‘F— it’? That’s exactly how I woke up feeling this morning,” he says, narrating footage of his haircut. In the clip, Jelly Roll enlists a friend to cut his hair and shape up his beard.

As Jelly Roll readies himself to cut off his signature long mullet, he and his wife Bunnie XO banter, with Jelly Roll calling Bunnie “hair hater No. 1.”

“Are you excited it’s leaving today?” he asks.

“Me and about 5,000 other women!” she responds. “All the ladies in the comments are talking about how beautiful you look with your hair cut, so I’m so excited.”

Bunnie even grabs some clippers to help cut a few of Jelly Roll’s locks off herself. The video shows the rest of the haircut, as locks of Jelly Roll’s curls fall to the floor.

“I can’t believe I cut my curls!” Jelly Roll says at one point in the video clip. “This clip is about acceptance; you can see that I’ve accepted that there is nothing I can do.”

The video ends with Jelly Roll heading to a bathroom to check out his newly shorn hair in the mirror. Clearly happy with his new, shorter haircut, Jelly Roll asked fans to chime in in the Instagram comments section to give their opinions.

“Freshy,” commented Miranda Lambert, who co-wrote “The Lost” with Jelly Roll and Jesse Frasure on Jelly Roll’s album Whitsitt Chapel. Bunnie commented, “We stan a clean shaven king.”

Jelly Roll was recently the cover star of Billboard’s Country Power Players issue, and opened up about his life and career so far, including time spent in jail as a teen and young adult, launching his career as a rapper, meeting his wife Bunnie, and his recent success topping both Billboard’s country and rock charts.