Lilly’s New Obesity Pill Wins Approval, but FDA Demands Extra Studies on Liver and Heart Risks
Eli Lilly’s newly approved weight-loss pill has cleared an important regulatory hurdle, but the U.S. Food and Drug Administration is requiring the company to carry out additional safety studies after launch, showing that regulators still want closer scrutiny of the medicine’s risks. Apparently, FDA asked Lilly for more data on possible liver injury linked to […]
Amazon Buys Globalstar in $11.57 Billion Deal to Strengthen Its Satellite Push Against Starlink
Amazon has agreed to acquire satellite company Globalstar in an $11.57 billion deal, a major move that strengthens its effort to challenge Elon Musk’s Starlink in the fast-growing market for satellite-based connectivity. The acquisition gives Amazon control of Globalstar’s direct-to-device satellite technology and adds its existing two dozen satellites to Amazon’s broader low-Earth-orbit network, which […]
Middle East Conflict Darkens IMF Forecast as Rising Oil Prices Raise Risk of a Global Downturn
The International Monetary Fund has lowered its global growth outlook and warned that the world economy is already drifting toward a more dangerous path as the war tied to Iran continues to disrupt energy markets. In a report, the IMF presented three scenarios for the global economy, all shaped by how long the conflict lasts […]
BlackRock Turns Bullish on U.S. Stocks as Strong Earnings Offset Middle East Risks
BlackRock has upgraded U.S. equities to “overweight,” joining other major Wall Street firms in arguing that strong corporate earnings can help cushion the market against the economic fallout from the Middle East conflict. The BlackRock Investment Institute raised its view on U.S. stocks from “neutral,” citing resilient profit expectations and what it sees as limited […]
NATO Allies Reject Trump’s Iran Port Blockade and Push Separate Plan to Reopen Hormuz
A new split has opened inside the Western alliance over how to respond to the Iran war and the disruption of shipping through the Strait of Hormuz. NATO allies including Britain and France have refused to join President Donald Trump’s plan to blockade Iranian ports, choosing instead to back a separate multinational effort focused on […]
Earnings Season Will Test Whether Strong Profits Can Keep Wall Street Steady Despite War Risks
Wall Street is heading into a critical first-quarter earnings season that may determine whether the stock market can stay resilient despite the economic risks created by the war involving Iran. Investors are looking for proof that strong corporate profits can continue to support U.S. equities even as higher energy prices and geopolitical uncertainty threaten to […]
