No Safe Haven Alternative to the US: CPP Investments

Oracle Database is now available on Google Cloud in Canada, expanding the cloud services offered by both companies in the region. This launch allows Canadian businesses to leverage Oracle's database technology within the Google Cloud infrastructure.

Eli Lilly's new obesity treatment shot has demonstrated a significant weight loss of 23% among patients in a recent study, positioning it as a potentially leading option in the weight-loss medication market. This development was reported by Madison Muller on Bloomberg Television.

Hungary's dollar bonds and the forint have declined following a Bloomberg report indicating that Prime Minister Viktor Orban is considering a shift to a presidential system after the upcoming parliamentary elections in April. This speculation has raised concerns among investors regarding the stability of Hungary's political landscape.

US initial jobless claims rose by 44,000 to 236,000 for the week ending December 6, marking the largest increase since the pandemic began. This surge in unemployment benefit applications contrasts with a narrowing trade deficit, which unexpectedly shrank to its smallest level since mid-2020 due to increased exports.

The US trade deficit unexpectedly narrowed in September to its smallest level since mid-2020, driven by a significant surge in exports. This development indicates a positive shift in the trade balance, reflecting stronger demand for American goods abroad.

OPEC has maintained its forecasts for global oil supplies and demand in 2026, indicating a balanced market despite widespread expectations of a surplus. This stability suggests that OPEC is confident in its ability to manage production levels effectively.

General Atlantic and CPP Investments have reached an agreement to acquire Boats Group, an online marketplace specializing in recreational boats. This acquisition marks a significant move in the market, reflecting the growing interest in digital platforms for leisure activities.

The ongoing dispute between Japan and China shows no signs of resolution, as stated by Tetsuo Saito, leader of the Komeito party, during an exclusive interview in Tokyo. Despite previous efforts to ease tensions, Komeito continues to engage with Beijing behind the scenes, indicating a complex diplomatic landscape.