Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
High demand for blockbuster weight-loss drugs such as Ozempic and Mounjaro is being tested by a ports strike hitting import hubs for Novo Nordisk and Eli Lilly.
Port strike could reignite inflation, with larger economic impact dependent on how long it lasts
Manufacturers of everything from trucks to toys to artificial Christmas trees face obstacles now that the ILA has called a stoppage.
Saudi Arabia slashes growth forecasts, sees wider budget deficits
Saudi Arabia’s real GDP is expected to grow 0.8% this year, a dramatic drop from a previous estimate of 4.4%, according to the latest government figures.
Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
After 16 years leading the brokerage firm, Bettinger will be replaced by an internal CEO hire.
Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
The payments giant touted the deal as a way to help consumers with a key pain point — managing the myriad subscription services that exist today.
With shares at 10-year lows, Assassin’s Creed maker Ubisoft faces questions over its future
Gaming firm Ubisoft is facing questions over its future amid a lackluster games pipeline and pressure from an activist investor to sell itself and go private.
NATO’s new chief will have to confront threats outside the alliance — and within
As Mark Rutte becomes NATO’s new General Secretary, his leadership skills will be put to the test quickly as the bloc confronts external and internal threats.
Japan’s new Prime Minister Ishiba unveils cabinet ahead of snap election
The Ishiba administration’s approach to diplomacy with Japan’s closest ally, the United States, will be in focus.
Euro zone inflation falls to 1.8% in September, below the European Central Bank’s 2% target
Euro zone inflation fell to 1.8%, below the European Central Bank’s target rate, in September, flash data from statistics agency Eurostat showed Tuesday.
European markets close lower as investors eye Middle East tensions; oil prices jump 4%
European stocks closed lower Tuesday, erasing earlier gains amid heightened fears of a possible attack on Israel by Iran.
