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Novo Nordisk, Eli Lilly Shares Decrease After Roche Reveals Obesity Drug Trial
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Netflix's Password Sharing Crackdown Backfires With Slow Subscriber Growth in Q2
Netflix reported its slowest subscriber growth in five quarters, adding only 4.82 million new subscribers from April to June, down from 9.3 million in the previous quarter, largely due to a crackdown
China Investigates 16 Companies for Illegally Testing Job Seekers with Pregnancy Tests
Investigations are underway into Chinese companies accused of conducting illegal pregnancy tests on job applicants, which contradicts national efforts to address low birth rates.
Elon Musk to Move X, SpaceX HQs From California to Texas After Newsom Passes Trans Rights Law
Elon Musk made his intention to move the headquarters of his companies SpaceX and X, formerly Twitter, from California to Texas after California Governor Gavin Newsom signed a transgender rights law.
German-Russian Businessman Jailed for Illegally Shipping Military Parts to Russia
A German court sentenced a businessman to six years and nine months in prison for illegally exporting electronic components to Russian firms involved in the production of military equipment.
EU Forces TikTok to Comply with New Digital Market Laws
ByteDance, owner of TikTok, must comply with the Digital Markets Act, with the EU regulator rejecting ByteDance's claim that TikTok should not be classified as a "gatekeeper" in the digital space.
Charles III Reads Labour's Economic Plans in UK's State Opening of Parliament
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate
UK Inflation Holds Steady at 2%, Taylor Swift's 'Eras Tour' Seen as Possible Factor
The Bank of England is conflicted on whether to cut interest rates next month after inflation held steady at 2%, potentially influenced by Taylor Swift's Eras Tour.
Bank of America Shares 4% Rise in Q2 After Announcing Net Interest Income Rebound Imminent
Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.
Smartweave Leads the Way in Personalized Connective Tissue Repair
Smartweave offers a foundationally different approach to connective tissue repair with its intelligent bioscaffold, which focuses on regeneration and rejuvenation rather than mere repair. This innovat
Morgan Stanley Reports Better-Than-Expected Q2 2024 Earnings
Morgan Stanley reported that profits performed better than expected across the board in the second quarter of 2024 despite investors shifting to higher-yielding assets.
NBA Star LeBron James Partners With Canyon to Inspire New Generation of Cyclists
Canyon Bicycles announced its collaboration with NBA star LeBron James and several other riders to promote its line of bicycles and inspire the next generation of cyclists regardless of terrain and pr
Craig Wright, Who Claims to Invent Bitcoin Receives Perjury Charges from UK Prosecutors
Craig Wright, an Australian who claims to be Bitcoin's inventor, has been referred to UK prosecutors for alleged perjury after a judge found he may have forged documents to support his claim of being
Xi Jinping's 'Common Prosperity' Plan Forces Hong Kong Employees to Return Their Work Bonuses
Chinese state-backed financial companies in Hong Kong demand employees to return portions of their bonuses, aligning with President Xi Jinping’s ‘common prosperity’ plan to reduce income inequality.
Poland Inches Into War Footing as It Allots 5% of 2025 GDP on Defense
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025.
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