Here’s how to make Argentina grow again

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.

Beacon Offshore Energy LLC, supported by Blackstone Inc., is initiating a drilling campaign in the Gulf of Mexico, targeting some of the most productive wells in the US with advanced technology to extract previously unreachable crude oil.

US equity futures have risen as traders anticipate a potential rate cut in December, coinciding with positive signals from US State Secretary Marco Rubio and Ukrainian officials regarding progress in peace talks aimed at resolving the ongoing conflict in Ukraine. Meanwhile, BHP has once again walked away from its takeover bid for Anglo American after a new approach was rejected.

Former President Donald Trump is now facing significant political challenges due to rising prices, which are impacting public sentiment and his approval ratings. As affordability becomes a central issue, Trump must navigate the consequences of economic dissatisfaction among Americans.

The European Union (EU) and the African Union are commemorating 25 years of diplomatic relations with a summit in Angola aimed at enhancing economic cooperation between the two regions. This initiative comes as the EU seeks to strengthen its trade ties with Africa amidst growing competition from China and the United States.

Investors are increasingly purchasing eastern European assets as US-led negotiations aimed at resolving the ongoing conflict in Ukraine provide renewed optimism for a peaceful resolution. This shift has positively impacted the currencies of Eastern European nations, reflecting a growing confidence in the region's economic stability.

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.

US stock futures rose following a week of volatility, driven by optimism surrounding potential interest rate cuts from the Federal Reserve and news that US officials may permit Nvidia Corp. to sell AI chips to China. This positive sentiment contrasts with previous declines in technology stocks, particularly in Asia, where concerns about an AI bubble have persisted.