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FDA Approves First Oral Weight-Loss Medication Wegovy by Novo Nordisk
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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US Economy Grows at 4.3% Rate in Third Quarter, Surpassing Expectations
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 Guarantees Paramount's $108.4 Billion Bid for Warner Bros
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.
Bank of Canada Maintains Interest Rate Amid Economic Uncertainty
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 to Trial Baidu's Robotaxis in the UK by 2026
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 Soar to Record Highs Amid Rate-Cut Expectations and Geopolitical Tensions
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.
S&P 500 Reaches Record High Following Positive GDP Report
The S&P 500 Index hit a record closing high on December 23, 2025, fueled by strong gains in technology stocks after a surprising GDP report exceeded forecasts. This achievement marks a significant recovery in investor confidence and market sentiment following recent volatility.
Trump Administration Halts Offshore Wind Projects Over Security Concerns
The Trump Administration has paused all offshore wind projects, citing national security risks. This decision affects federal leases for five projects from Massachusetts to Virginia and marks a significant setback for renewable energy developers, reflecting the administration's historical opposition to wind power.
Staley and Summers Appointed Executors of Epstein's Estate
Newly released Department of Justice documents reveal that Jeffrey Epstein appointed Jes Staley and Larry Summers as executors of his estate. This revelation underscores Epstein's connections with influential figures and raises questions about the implications of these ties.
Gold Prices Surge Above $4,500 Amid Geopolitical Tensions
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.
Kansas City Chiefs Announce Relocation to Kansas After Stadium Funding Approval
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.
UK Government Raises Inheritance Tax Threshold for Farmland Amid Protests
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.
China Vanke Faces Financial Crisis Amid Bondholder Negotiations
China Vanke, a leading real estate developer, is in a precarious financial situation as bondholders have rejected a debt extension proposal, leading to a sharp decline in its shares. Although the company received a temporary lifeline with an extended grace period for a $285 million bond repayment, concerns about its stability persist amid a broader real estate slump and defaults from other developers.
Japan's Finance Minister Signals Readiness for FX Market Intervention
Japan's Finance Minister Satsuki Katayama has affirmed that the country is prepared to take bold actions in the foreign exchange market to address the ongoing decline of the yen. This statement comes amid rising interest rates and highlights the government's commitment to stabilizing the currency against excessive fluctuations.
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