Novo Nordisk has revised its financial guidance downward due to increasing competition from copycat versions of its popular weight-loss drug, Ozempic. This competition has impacted sales significantly. Despite […]
Technology
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Rivian Adjusts Delivery Guidance Amid Tariff Challenges
Rivian announced in its earnings report that it expects to deliver fewer electric vehicles (EVs) this year than initially projected due to tariffs imposed by President Trump and […]
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WeightWatchers Seeks Bankruptcy Protection to Shed Debt and Focus on Telehealth
NEW YORK — WeightWatchers has filed for Chapter 11 bankruptcy protection to eliminate approximately $1.15 billion in debt and refocus its business model on telehealth services. The parent […]
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Novo Nordisk Adjusts 2025 Guidance Amid Competition and Reports Profit Beat
Novo Nordisk announced a better-than-expected net profit rise but has adjusted its full-year sales growth forecast due to challenges with its Wegovy weight loss drugs. The Danish pharmaceutical […]
Markets
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Stock Market Reacts to U.S.-China Meeting and Fed Rate Decision
Stock market futures are showing an upward trend following the announcement of a U.S.-China meeting scheduled for later this week. Investors are closely watching developments in US-China trade […]
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Why Oil Prices Are Falling and What It Means for the Economy
Oil prices have dropped significantly since the start of January, with West Texas Intermediate falling from around $80 per barrel to under $60. This decline is not due […]
Technology
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Google’s Search Chief Argues Data Sharing Proposal Threatens User Privacy
Google’s search chief, Elizabeth Reid, testified that the Department of Justice’s (DOJ) proposal to make Google share its search data with competitors would significantly harm user trust. The […]
Markets
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Stocks May Face Brutal Pullback Amid Trump’s Tariff Pause
The stock market may experience another significant pullback due to former President Donald Trump’s 90-day tariff pause. This decision has introduced uncertainty into the market, affecting investor sentiment […]
Markets
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Congress Erupts Over Trump’s Crypto Deal
The U.S. Congress is in an uproar over former President Donald Trump’s billion-dollar crypto deal. Data reveals that while 58 crypto wallets have profited significantly from Trump’s meme […]
Technology
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Cisco Introduces New Quantum Chip and Opens Lab Facility
Cisco Systems has unveiled a new quantum chip and opened a lab facility. This move is aimed at advancing quantum networking capabilities. According to Cisco, the new entanglement […]