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Novo Nordisk has received FDA approval for Wegovy, the first oral GLP-1 medication for weight loss. This significant milestone allows patients to access a non-injection option for obesity treatment, with availability expected in early 2026. The approval has positively impacted Novo Nordisk's stock, reflecting the market's optimism about this advancement in weight management solutions.
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The US economy grew at a robust rate of 4.3% in the third quarter of 2025, exceeding expectations due to strong consumer spending and business investments. This growth marks the fastest rate in two years, indicating a significant recovery trajectory following previous economic challenges.
Larry Ellison has provided a personal guarantee of over $40 billion to support Paramount's $108.4 billion bid for Warner Bros. Discovery. This move addresses financial concerns raised by Warner Bros.' board after they initially rejected the offer. The guarantee is seen as a pivotal step in the ongoing negotiations, as Paramount seeks to strengthen its position in the competitive entertainment industry.
The Bank of Canada has kept its overnight interest rate at 2.25%, reflecting uncertainty about future rate changes. Officials are cautious about predicting whether the next move will be a cut or an increase, citing volatile economic data and trade-policy concerns. The decision underscores the resilience of the economy despite ongoing challenges.
Uber and Lyft have partnered with Baidu to trial the Apollo Go robotaxis in the UK, set to begin in 2026. This initiative represents a major advancement in the integration of autonomous vehicles into urban transportation, following Baidu's successful global deployment of driverless rides.
Gold and silver prices have surged to record highs, driven by rising geopolitical tensions and expectations of further interest rate cuts by the US Federal Reserve. This trend indicates a significant shift in investor sentiment towards safe-haven assets as uncertainties in global markets increase.
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Motive Technologies, a fleet management firm backed by Google, has filed for an initial public offering (IPO), showcasing significant revenue growth despite reporting net losses. This strategic move aims to leverage the rising demand for fleet management solutions and attract investment as the company prepares for its public debut.
Gold prices have reached a historic high, surpassing $4,500 per ounce for the first time, fueled by escalating geopolitical tensions, particularly involving the U.S. and Venezuela, as well as concerns in Eastern Europe and tensions between China and Japan. Additionally, expectations of further interest rate cuts by the U.S. Federal Reserve have contributed to this surge.
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The US economy grew at a robust rate of 4.3% in the third quarter of 2025, exceeding expectations due to strong consumer spending and business investments. This growth marks the fastest rate in two years, indicating a significant recovery trajectory following previous economic challenges.
The Kansas City Chiefs have officially announced their move from Missouri to Kansas, following the approval of a $3 billion public financing package for a new stadium. This marks a significant transition for the team, which has been based at Arrowhead Stadium since 1972.
The Bank of Canada has kept its overnight interest rate at 2.25%, reflecting uncertainty about future rate changes. Officials are cautious about predicting whether the next move will be a cut or an increase, citing volatile economic data and trade-policy concerns. The decision underscores the resilience of the economy despite ongoing challenges.
In response to significant backlash from campaigners and rural MPs, the UK government has raised the inheritance tax threshold for farmland from £1 million to £2.5 million. This policy change, aimed at supporting the viability of family farms, will take effect in April 2026. The decision reflects the government's acknowledgment of the concerns raised by the agricultural community regarding previous proposals.
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