Author: Justin M. Larson

Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty ImagesDanish pharmaceutical giant Novo Nordisk on Wednesday announced plans to roughly 9,000 roles.”Novo Nordisk today announced a company-wide transformation to simplify its organisation, improve the speed of decision-making, and reallocate resources towards the company’s growth opportunities in diabetes and obesity,” the company, which produces the Wegovy weight loss medication, said in a statement,”As part of the transformation, Novo Nordisk intends to reduce the global workforce by approximately 9,000 of the 78,400 positions in the company, with around 5,000 reductions expected in…

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A federal judge has blocked President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook.U.S. District Judge Jia Cobb issued a preliminary injunction requiring the Federal Reserve to let Cook continue serving in her role as a governor of the Federal Reserve System as her lawsuit moves through the courts.Cobb’s decision comes one week ahead of the Federal Reserve’s next meeting, which is scheduled to begin on Sept. 16.While the Trump administration asked the judge to delay her decision to allow an appeal, she denied their request, in part, because the public interest favors Cook staying in her role.”Cook…

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People visit the US luxury brand Coach store at a shopping mall in Beijing.Adek Berry | Afp | Getty ImagesChina’s consumer prices fell more than expected in August while deflation in factory-gate prices persisted, as calls mounted for Beijing to ramp up measures to bolster sluggish domestic demand and cushion weakening exports growth.The consumer price index dipped 0.4% last month from a year earlier, according to data from the National Bureau of Statistics released Wednesday, compared with Reuters-polled economists’ forecast for a 0.2% contraction.The gauge on consumer inflation was flat compared to the previous month, despite many economists’ expectation for a…

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The suspect in the fatal stabbing of a Ukrainian woman on Charlotte’s light rail system late last month is now facing federal charges that would make him eligible for the death penalty, according to the Justice Department.Decarlos Brown Jr., 34, who was arrested on Aug. 22 after he fatally stabbed 23-year-old Iryna Zarutska, was charged by the U.S. Attorney’s Office in the Western District of North Carolina with committing an act causing death on a mass transportation system, which could make him eligible for the death penalty, the DOJ said on Tuesday.”This brutal attack on an innocent woman simply trying…

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FILE PHOTO: U.S. President Donald Trump talks to the press on the South Lawn of the White House, in Washington, U.S., September 7, 2025. Annabelle Gordon | ReutersU.S. President Donald Trump has asked the European Union to hit China and India with tariffs of up to 100% over the countries’ Russia oil purchases, in a move aimed at turning up the heat on Moscow to end the war in Ukraine.The proposal, first reported by the Financial Times, was confirmed to CNBC’s Megan Cassella by two sources familiar with the matter.Trump made the request when he was called into a meeting…

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The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024.Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets were set to open mostly higher Wednesday ahead of key August inflation data from China.The mainland’s August consumer price index is expected to fall 0.2% from the previous year, according to economists polled by Reuters, and compares with July’s flat reading. Meanwhile, the producer price index is expected to fall 2.9% year on year, improving from the 3.6% drop in July.Japan’s Nikkei 225 benchmark was set to open slightly higher with the futures contract in Chicago at 43,470, and its…

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President Donald Trump signed a memorandum on Tuesday pressuring pharmaceutical companies to abide by transparency laws in their advertising, particularly on social media. The administration will follow up by sending 100 cease and desist enforcement letters and thousands of warning letters to the companies, administration officials said.The goal, administration officials said on a call with reporters Tuesday morning, is to use laws that are already on the books to ensure people receive transparent, accurate information about drugs, especially potential risk factors.Administration officials pointed to medications or products that are promoted on social media sites like Instagram or TikTok with influencers…

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A never-before-seen video released Tuesday by a member of Congress appears to show a U.S. military Hellfire missile bouncing off a bright, shiny object that was being tracked off the coast of Yemen on Oct. 30, 2024.The video was released at a House Government Oversight subcommittee hearing into Unidentified Anomalous Phenomena (UAP), which is the military’s term for UFOs.During the hearing Rep. Eric Burlison (R-Mo.) played a video that he said “I’ve been given” and that he claimed was taken by an MQ-9 Reaper drone.The overhead video showed a fast-moving object moving in a straight line above the waves in…

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Former Centers for Disease Control and Prevention Director Susan Monarez will come before the Senate next week for her first public appearance since she was pushed out of her position, sparking a back-and-forth with Health and Human Services Secretary Robert F. Kennedy Jr. over his vaccine policy agenda.Monarez will be joined by Deb Houry, former chief medical officer and deputy director for program and science at CDC, who was one of four top CDC officials who resigned in protest after Monarez was ousted. The hearing will be on Sept. 17 at 10 a.m.The two former officials will testify before the…

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