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Hims & Hers shares surge 50% after Novo Nordisk drops patent infringement case over compounded weight loss drugs
Novo Nordisk has dropped its legal case against telehealth provider Hims & Hers over patent infringement, after the two companies agreed Hims would sell Novo’s branded medicines through its platform. “We have decided to drop the current court proceedings and, of course, we reserve to bring that back if need be, but I don’t foresee […]
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Fed Governor Miran says job losses in February add to the case for more interest rate cuts
Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source
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U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%
Pacific Gas & Electric (PG&E) workers make repairs to an underground pipe on September 05, 2025 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of […]
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Iran war live updates: Tehran keeps up strikes as Gulf states deny missile shortages
Middle East conflict adds to central bank headaches as oil extends four-day rally A widening Middle East conflict has posed a fresh test for global central banks, as fears of an oil shock and renewed inflation risks complicate policymakers’ calculus for shoring up growth. Brent crude prices extended four days of gains, rising 1.6% to $82.76 […]
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New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers
Key Points American consumers and businesses are taking most of the hit from President Donald Trump’s tariffs, New York Fed President John Williams said in remarks that counter White House claims. A study Williams cited on the issue has generated a fair amount of controversy over the past few weeks, with White House economist Kevin […]
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Iran war live updates: U.S. embassy in Riyadh hit by drones, Trump promises response ‘soon’
Trump touts ‘virtually unlimited’ U.S. munitions; UAE, Qatar deny weapons’ shortage President Donald Trump said Tuesday that the U.S. has a “virtually unlimited supply” of munitions as the war with Iran escalates. He added that the stockpiles “at the medium and upper medium grade” have never been higher or better. It was not immediately clear […]
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South Korea defense stocks soar with heavyweight Hanwha Aerospace surging 22% as traders react to Iran war
A Cheongung missile launcher is displayed during the Seoul International Aerospace and Defense Exhibition (ADEX 2025) at Seoul Air Base in Seongnam, Gyeonggi Province, South Korea, on October 17, 2025. Nurphoto | Nurphoto | Getty Images South Korean defense stocks saw massive gains on Tuesday after the country’s markets returned from a public holiday, as […]
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Live updates: Iran security chief Ali Larijani rejects U.S. talks, blames Trump for ‘chaos’
Follow the latest news after the U.S. and Israel launched a massive attack on Iran that killed Iran’s Supreme Leader Ayatollah Ali Khamenei. Source
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Core wholesale prices rose 0.8% in January, much more than expected
Customers shops for fruit in a supermarket in New York on Jan. 22, 2026. Charly Triballeau | AFP | Getty Images Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics reported Friday. The core producer price index, which excludes volatile food and energy prices, […]
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Rolls-Royce raises outlook, plans up to $12 billion share buyback as engine demand boosts growth
Rolls-Royce said Thursday it expects profits of over £4 billion ($5.42 billion) this year as the aero engine and power systems maker promised another year of robust growth. The aerospace giant is targeting underlying operating profit of between £4 billion and £4.2 billion in 2026, above the midpoint of £3.65 billion as expected by analysts […]
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