Business

Deutsche Bank Downgrades Novo Nordisk to Sell After 70% Stock Plunge

Deutsche Bank downgraded Novo Nordisk to sell on Thursday after the Ozempic maker's stock fell roughly 70% from its peak amid rising competition.

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

Trump Demands FCC Punish NBC Host, Treasury Bars Reporters From G20

Trump called for FCC punishment of NBC host Kristen Welker on Sunday as the Treasury barred NYT, WSJ and Bloomberg reporters from G20 events.

Bessent Says U.S. Will Sanction Another Bank Over Iran Ties This Week

Treasury Secretary Scott Bessent said the U.S. will sanction another bank this week to clamp down on Iran transactions, ahead of G20 meetings in North Caro

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

TikTok Shop Rolls Out Across Europe, Targeting Key Markets

TikTok Shop expands its e-commerce operations across Europe, launching in key markets like Germany, France, Italy, Spain, Ireland, Poland, and the Benelux countries.

Kelp DAO Suffers $292 Million Hack, Triggering DeFi Contagion and Market Freezes

Kelp DAO hit by a $292 million crypto hack, the largest DeFi exploit of 2026. Aave and other platforms freeze markets amid contagion fears.

Grab Accelerates AI Delivery with Robot Acquisition and New Tech

Grab expands its AI delivery services by acquiring Infermove and launching its AI robot, Carri, to enhance efficiency and reduce costs in Southeast Asia.

Wall Street Bets on Private Credit Woes with New Derivatives

Wall Street banks are trading new derivatives, including credit default swaps, to bet on potential stress and defaults within the rapidly growing private credit market.

Robots Outpace Humans in Beijing Half-Marathon, Shattering World Records

Humanoid robots stunned spectators at the Beijing Half-Marathon, with the winning robot 'Lightning' breaking the human world record by nearly seven minutes. The event highlighted rapid advancements in robotic speed, autonomy, and endurance.

The Domain Name Boom Is Just Beginning, and Smart Buyers Are Moving Early as AI Reshapes the Internet

As AI lowers the cost of building online businesses, premium .com domain names are becoming scarce, valuable assets in the digital economy.

Bill Ackman’s Pershing Square Launches $64 Billion Bid for Universal Music Group

Bill Ackman's Pershing Square Capital Management has made a $64.3 billion bid to acquire Universal Music Group, aiming to move its listing to New York and address perceived stock underperformance.

Trump Administration Accelerates Psychedelic Research for PTSD, Sparking Hope and Controversy

President Trump signs executive order to accelerate research into ibogaine and other psychedelics for PTSD treatment, sparking debate and hope.

Rubis Explores Potential Merger with Trafigura’s Puma Energy Unit

French fuel distributor Rubis SCA is reportedly in talks to combine with Trafigura Group's Puma Energy unit in a potential cash and share deal valued up to €2.5 billion, aiming to expand its global reach.

Allbirds’ AI Pivot: From Sustainable Sneakers to Speculative Surge and Swift Sell-Off

Allbirds pivots to AI, sparking a massive stock surge driven by retail investors, only to face a swift sell-off as market reality sets in. Explore the dramatic rise and fall.

Marriott’s Autograph Collection Makes Grand Indian Debut with NoorMahal Palace in Karnal

Marriott International launches its Autograph Collection brand in India with the debut of the NoorMahal palace hotel in Karnal, offering a blend of heritage and modern luxury.

Telecom Giants Vie for SFR in Potential $24 Billion French Market Shake-Up

French telecom giants Bouygues, Orange, and Iliad are in advanced talks to acquire Altice's SFR for an estimated $24 billion, potentially leading to a major market consolidation.

Kailera Therapeutics Soars in Record-Breaking IPO, Fueling Obesity Drug Race

Kailera Therapeutics achieves a record-breaking $625 million IPO, positioning itself as a major player in the competitive obesity drug market with its innovative pipeline.

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