Eli Lilly’s next-generation obesity drug delivers strong weight loss, reduces knee pain in late-stage trial
The drugmaker is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection…
Economy
Bessent to propose major overhaul of regulatory body created from financial crisis
In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council.…
China consumer inflation hits near two-year high despite deeper-than-expected producer deflation
Economists warned that deflationary pressure on the world's second largest economy will persist into next year, calling for fresh policy…
Trump says he ‘heard’ Biden Fed appointments were signed by autopen, tells aide to investigate
Trump's autopen comments came during a speech in Pennsylvania about the economy, aimed at countering Democrats' messaging about the U.S.…
Oracle’s AI-fueled debt load has investors on edge ahead of quarterly earnings
Oracle's fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company's buildout…
Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows
The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the…
The Fed decision is expected to feature a rate cut and a lot more. Here’s what to expect
The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about…
McDonald’s will assess if franchisees are offering value for customers under new standards
McDonald's has leaned into value to appeal to cash-strapped diners who have been visiting its restaurants less frequently. ...
Apple’s chip boss squashes exit rumors, says he’s not leaving the company
Bloomberg reported on Saturday that Srouji had told CEO Tim Cook that he was considering leaving. ...