Affordability is Trump’s problem now

Tegna's stock price fell by 5% following criticism from former President Donald Trump regarding the lifting of local TV ownership caps. Trump's remarks have raised concerns about potential impacts on media ownership and competition in the broadcasting sector.

Health insurers saw a rise in stock prices following reports that former President Donald Trump is considering extending subsidies under the Affordable Care Act (ACA). This potential extension comes as subsidies are set to expire soon, which has raised concerns about rising health insurance premiums.

Chinese President Xi Jinping spoke with former U.S. President Donald Trump over the phone, focusing on Taiwan and the state of bilateral relations between China and the United States. This conversation comes amid ongoing tensions regarding Taiwan's status and its implications for international relations.

Novo Nordisk's shares have significantly declined following the announcement that its Ozempic medication failed to slow the progression of Alzheimer's disease in two major clinical trials. This outcome represents a substantial setback for one of Europe's largest listed companies, which had high hopes for the drug's efficacy in treating this debilitating condition.

Lithuania's Foreign Minister Kestutis Budrys emphasized the need for Europe to progress on the issue of frozen Russian assets, following discussions on a potential deal involving these assets by the Trump administration. This comes amid ongoing tensions between Ukraine and Russia, with the U.S. proposing joint investment funds that include these frozen assets.

President Trump highlighted Walmart's promotion of lower grocery prices as evidence of his administration's success in reducing the cost of living ahead of Thanksgiving. However, economists caution that holiday food prices are unpredictable and largely depend on consumer shopping behavior.

Swiss wealth manager Julius Baer has reported a $184 million writedown on its real estate loan book as part of efforts to manage provisions following a series of scandals. This move is seen as a significant setback in the company's turnaround plan aimed at restoring its reputation and financial stability.

Former President Donald Trump announced that a health-care plan addressing the anticipated rise in health insurance premiums will be revealed this week, aiming for a resolution by January 30. This announcement comes as subsidies are set to expire at the end of 2025, potentially impacting many Americans' access to affordable healthcare.