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Novo Nordisk, Lilly strike deal with Trump to slash weight-loss drug prices
WASHINGTON, Nov 6 (Reuters) - U.S. President Donald Trump, Eli Lilly LLY.N and Novo Nordisk NOVOb.CO unveiled a deal on Thursday to slash the prices of popular GLP-1 weight‑loss drugs for the government's Medicare and Medicaid programs, as well as for cash payers.
Reuters
Fri, Nov 7
Trump expands critical minerals list to copper, met coal, uranium
Nov 6 (Reuters) - The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal, used to make coke fuel for steel production.Reuters
Fri, Nov 7
Trump administration seeks to negotiate with China on shipping as it pauses port fees
WASHINGTON, Nov 6 (Reuters) - The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensiReuters
Fri, Nov 7
Oil falls as investors weigh potential supply glut, weak demand
Global oil demand falls short of JPMorgan projectionsLow US refinery run rates show weak crude demand Saudi Arabia cuts December crude prices for AsiaInvestors weigh impact of Russia sanctions By Georgina McCartney HOUSTON, Nov 6 (Reuters) - Oil prices declined on Thursday as investors considered...Reuters
Thu, Nov 6
A Trump Supreme Court tariff defeat would add to trade uncertainty
The U.S. Supreme Court's tough questioning of President Donald Trump's global tariffs fueled increased speculation that they will be struck down, but raised the specter of additional chaos as he is widely expected to shift to other trade tactics in the wake of an adverse ruling.Reuters
Thu, Nov 6
US orders 10% flights cut at major US airports due to shutdown
FAA may take further steps if air traffic issues persistShutdown causes staffing shortages, flight delays, longer security wait timesAirlines scramble to adjust schedules amid flight cutsFAA exempts international flights from capacity reductionsBy David Shepardson and Rajesh Kumar Singh WASHINGTO...Reuters
Thu, Nov 6
Novo Nordisk trims outlook as obesity drug maker loses ground to Eli Lilly
COPENHAGEN, Nov 5 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO trimmed its full-year forecasts on Wednesday as sales growth of its blockbuster obesity drugs slows, leaving investors worried the firm is losing ground to U.S. peer Eli Lilly LLY.N and copycat rivals.Reuters
Thu, Nov 6
Robinhood profit surpasses expectations as retail traders ride market momentum
Nov 5 (Reuters) - Robinhood Markets HOOD.O topped third-quarter profit estimates on Wednesday as retail traders shrugged off bubble fears, and the online brokerage announced the retirement of its longtime finance chief.
Reuters
Thu, Nov 6
Lyft bets on global expansion, smaller cities focus to drive growth
Nov 5 (Reuters) - Lyft's LYFT.O foray into global markets and smaller U.S. cities will help fuel growth, the ride-hailing firm said on Wednesday, as it forecast upbeat bookings for the all-important holiday travel season.Reuters
Thu, Nov 6
Japan's services sector extends growth in October despite demand slowdown, PMI shows
TOKYO, Nov 6 (Reuters) - Japan's services sector extended its robust growth in October, despite the slowest growth in new orders in 16 months and a resurgence in inflationary pressures, a private-sector survey showed on Thursday.The S&P Global final Japan Services Purchasing Managers' In...Reuters
Thu, Nov 6
Japan's Nikkei climbs as Wall Street rebound restores risk appetite
TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average climbed as much as 2% on Thursday, rebounding from steep losses in the previous session, as a strong overnight finish on Wall Street revived risk appetite and boosted investor sentiment. As of 0012 GMT, the Nikkei .N225 was up 1.6% at 51,025....Reuters
Thu, Nov 6
Stocks climb after upbeat earnings, economic data; Treasury yields jump
NEW YORK, Nov 5 (Reuters) - Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data.Reuters
Thu, Nov 6
Bessent says he is optimistic after Supreme Court hearing on tariffs
WASHINGTON, Nov 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he came away from a Supreme Court hearing on the legality of President Donald Trump's sweeping tariffs feeling "very, very optimistic."Reuters
Thu, Nov 6
