Novo Nordisk shares pop after key trial data shows Wegovy cuts risk of heart attack or stroke by 20%
The results of the trial were seen as a major boost for the firm’s hopes of moving beyond Wegovy’s image as a “vanity drug.”
Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
Moody’s on Monday cut the credit ratings of a host of small and midsized U.S. banks and placed several Wall Street big names on negative review.
It’s official: Scientists confirm July was the hottest month ever recorded
“These records have dire consequences for both people and the planet exposed to ever more frequent and intense extreme events,” said C3S’s deputy director.
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday after Italy’s cabinet surprised with a 40% windfall tax on lenders’ “excess” profits in 2023.
Champagne sales are booming. But its taste could soon change forever — thanks to climate change
Europe’s soaring temperatures and increasingly volatile weather are sparking fears that France’s Champagne region could become unsuitable for its production.
SoftBank posts surprise loss even as Vision Fund back in black after five quarters
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
Palantir’s A.I. ambitions divide analysts. A bull and bear make their cases
Palantir bumped up its annual revenue forecast on Monday as it sees an opportunity to commercialize AI, but not all analysts are equally bullish.
Hedge fund manager Dan Niles says S&P 500 could fall by 10% — and names the stocks to play it
The hedge fund manager revealed his “top pick” at the start of the year — and it’s risen by 158% since then. Here are his latest trade ideas.
China reports double-digit plunge in July exports and imports, missing expectations
China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms.
China releases plans to restrict facial recognition technology
China is planning to restrict businesses’ use of facial recognition technology in favor of non-biometric methods, according to the Cyberspace Administration.
