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Wingo believes that this relationship will “support its rapid expansion plans.”

"Whether it's studios or movie theaters, they're very nervous about any kind of price disruption, and to me it's so silly." – Mitch Lowe, CEO of MoviePass

The new agreement will go into effect on tickets sold this month and for travel dates beginning in September.

Bayón is expected to formally take over on September 15. The company did not reveal why Echeverry was stepping down.

The U.S. DEA reportedly has wiretap evidence implicating José Leonidas Bustos, Francisco Javier Ricaurte, and Camilo Tarquino in a bribery scandal.

PharmaCielo is one of the first companies to apply following the August 10 announcement by the government that it is accepting applications.

Though lower profitability won't affect the ratings of most reinsurers, "a couple of highly leveraged companies could suffer downgrades," stated Fitch.

“Medellín has stood out as a pacesetter, not only in Colombia but in Latin America," said Natalia Martínez-Kalínina of the Cambridge Innovation Center.

July's rate of 3.4% is a decrease from the 3.99% seen in June and represents the 12th straight month that inflation has fallen.

Los Andes jumped from 10th to 5th since last year, helping to put Colombia in the TACTICS group of nations that are "most likely to become future higher education stars."