Pfizer acquires Metsera for $10 billion, cementing their new obesity treatment strategy. The purchase concludes a weeklong bidding frenzy between the New York-based pharmaceutical company and Danish heavyweight Novo Nordisk, whose last-minute counterbid was finally rejected by US antitrust regulators. According to Reuters, Metsera’s board accepted a higher offer from Pfizer on Friday, citing regulatory
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10Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win
New York Democrats embraced socialism when they elected Zohran Mamdani to lead the nation’s largest city, but the verdict is still out on whether New York City’s shift to the left is an outlier or the beginning of a broader political realignment. From California’s redistricting success to gubernatorial races in Virginia and New Jersey, Democrats
11Wall Street indices slipped on Friday as big tech names lost steam, dragging the broader market down. The S&P 500 fell about 0.5%, the Nasdaq dropped 0.8%, and the Dow slid roughly 190 points, or 0.4%, putting all three on track for a down week. Artificial intelligence valuations have become the central concern, with heavyweight
12One year ago, Donald Trump won a transformative election victory, sweeping all seven swing states, the popular vote, and moving all fifty states redder than they were in 2020. How did he do it? By motivating men, young men in particular, and sports fans who were fed up with the insanity of men winning women’s
11U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release. From January through the
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12Duolingo stock price is collapsing. It initially jumped to $540 earlier this year and closed at $260 on Wednesday, a 52% plunge. This crash gained steam in the extended hours as it plunged by over 20% to $205. As a result, the market cap has plunged from a record high of $24.6 billion to below
12A federal judge criticized the Justice Department for allegedly being too quick to indict in high-profile cases on Wednesday. Magistrate Judge William Fitzpatrick of the Eastern District of Virginia made the comments during a brief hearing regarding the case against former FBI Director James Comey. ‘Right now, we are in a bit of a feeling
15Nvidia stock was staging a modest comeback early Wednesday, as the chipmaker sought to recover from Tuesday’s 4% decline amid mounting concerns over artificial intelligence valuations and renewed uncertainty about US chip sales to China. AI-related stocks broadly weakened on Wednesday as sentiment remained cautious following a strong run-up across the sector this year. Advanced
16: The House GOP’s campaign arm is wasting no time in linking New York City’s democratic socialist mayor-elect to congressional Democrats facing challenging re-elections in next year’s midterm elections. Hours after Zohran Mamdani’s election victory in New York City’s mayoral election, the National Republican Congressional Committee (NRCC) on Wednesday launched a digital ad spotlighting him,
15Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a highly competitive fast-food industry vying for sales from a stressed consumer. “Pizza Hut‘s performance indicates the need to take additional action to help the brand realize its full value, which may
