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Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
May 12 (Reuters) - Eli Lilly LLY.N said on Sunday its drug Zepbound was superior to Novo Nordisk's NOVOb.CO Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial.
Reuters
Mon, May 12
Stocks
US retailers rise after US, China agree to ease some tariffs, 90-day pause
** Shares of retailers surge in premarket trading after U.S. and China agree to ease some tariffs** U.S. Treasury Secretary Scott Bessent, after talks with Chinese officials in Geneva, told reporters that Washington and Beijing reached a deal for a 90-day pause on measures that reciprocal tariffs wo...Reuters
Mon, May 12
Other
Brazil's BTG Pactual reports 16.6% jump in first-quarter net income
May 12 (Reuters) - Brazilian bank BTG Pactual BPAC3.SA increased first-quarter net income by 16.6% year on year to 3.37 billion reais ($596.5 million), it reported on Monday. Total revenue for the period reached 6,84 billion reais, the lender said in a securities filing, slightly above the 6.819 b...Reuters
Mon, May 12
Stocks
Down 61%, Is This Industry Disruptor's Stock a Buy Right Now?
GXO Logistics (NYSE: GXO) hit the public markets with much fanfare. The world's largest pure-play contract logistics company was spun off from XPO in August 2021, when the pandemic stock market was booming. Investors had high hopes that GXO would be able to disrupt the logistics industry with bold i...The Motley Fool
Mon, May 12
Other
UK's Virgin Media O2 and Daisy Group combine in business telecoms
LONDON, May 12 (Reuters) - Britain's Virgin Media O2 said it was combining its enterprise unit with business-to-business telecoms provider Daisy Group to create a new communications and IT offer for companies.The new company will be 70% owned by Virgin Media O2, a joint venture between Liberty G...Reuters
Mon, May 12
Other
Russia says its forces capture village in east Ukraine
MOSCOW, May 12 (Reuters) - Russian troops have captured the settlement of Kotliarivka in Ukraine's eastern Donetsk region, the Russian defence ministry said on Monday via its channel in Telegram messaging app.Reuters could not independently confirm the battlefield report.Reuters
Mon, May 12
Stocks
MIDEAST STOCKS-Most Gulf stock markets extend gains after US-China trade agreement
May 12 (Reuters) - Gulf stock markets continued their upward trend early on Monday, buoyed by rising oil prices and developments in U.S.-China trade negotiations, which bolstered market sentiment as U.S. President Donald Trump prepares to visit the region.The United States and China said on Monday t...Reuters
Mon, May 12
Economic Indicator
Romania adds two euro tenders to May debt issuance plan -finmin data
BUCHAREST, May 12 (Reuters) - Romania has added two euro-denominated debt tenders to its domestic May issuance plan, seeking to sell 500 million euros overall of one-year and Dec. 2026 paper on May 13, the finance ministry said on Monday.Romania has revised down its domestic debt issuance plan for M...Reuters
Mon, May 12
Stocks
Is Bitcoin Truly "Digital Gold"? 3 Ways the Leading Cryptocurrency Diverges From the Most Popular Inflation Hedge
Bitcoin (CRYPTO: BTC) is, as you may have heard, often called by the catchy moniker "digital gold."But there are a handful of key differences between Bitcoin and real gold, which has long been used as a store of value and as a hedge against inflation. Here are three of the most important ones to kno...The Motley Fool
Mon, May 12
Cryptocurrencies
Toobit Experts Predict: When Will Bitcoin Hit 200k in 2025?
As the cryptocurrency market continues its rollercoaster journey, investors and enthusiasts are keenly watching Bitcoin’s trajectory. With whispers of a $200,000 price tag circulating, many are wondering if this bold milestone is within reach in 2025. Toobit experts, known for their data-driven insi...NewsBTC
Mon, May 12
Technical Analysis
Silver Price Forecast: XAG/USD faces rejection near descending channel hurdle, around $33.00
Silver (XAG/USD) attracts heavy intraday selling in the vicinity of the $33.00 round figure and dives to over a one-week trough during the first half of the European session on Monday.
Fxstreet
Mon, May 12
Other
First white South Africans fly to US under Trump refugee plan
U.S. prioritises Afrikaner arrivals while blocking othersForty-nine South Africans en route to U.S. Trump says the white refugees face racial discriminationBy Tim Cocks JOHANNESBURG, May 12 (Reuters) - The first 49 white South Africans deemed victims of racial discrimination and granted refugee s...Reuters
Mon, May 12
Other
Nissan to cut over 10,000 more jobs globally, NHK reports
TOKYO, May 12 (Reuters) - Nissan Motor 7201.T will additionally cut more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 15% of its workforce, Japan's public broadcaster NHK reported on Monday.The new cuts will bring the cuts at the struggling J...Reuters
Mon, May 12
Commodities
China's foreign minister meets counterparts from Venezuela, Peru, Uruguay and Cuba
BEIJING, May 12 (Reuters) - China's foreign minister on Monday met with his counterparts from Venezuela, Peru, Uruguay and Cuba in Beijing, statements released by China's foreign ministry said.China is willing to work with countries in the Global South to safeguard multilateralism and free t...Reuters
Mon, May 12
Other
'Magnificent Seven' stocks rise as US-China trade deal boosts market confidence
** The "Magnificent Seven" group of megacap stocks up in premarket trading after the United States and China reached a deal to cut down reciprocal tariffs** Tesla TSLA.O leading gains with a 7% climb, while Nvidia NVDA.O up 4.5%; Meta Platforms META.O and Amazon.com AMZN.O rise between 5% an...Reuters
Mon, May 12
Stocks
What Will Berkshire Hathaway Look Like Without Warren Buffett? Here's What Charlie Munger Predicted 10 Years Ago.
With Warren Buffett's stunning announcement that he will retire by the end of the year, investors are wondering what's in store for Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Vice Chairman Greg Abel is taking over, but will Berkshire Hathaway be the same?A decade ago, Charlie Munger, Buffett's d...The Motley Fool
Mon, May 12
Stocks
Vipshop to Announce First Quarter 2025 Financial Results on May 20, 2025
GUANGZHOU, China, May 12, 2025 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that it plans to release its first quarter 2025 financial results on Tuesday, May 20, 2025, b...PR Newswire
Mon, May 12
