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Weight loss drugs pose risk to pharma, report finds
Surging demand for weight loss and diabetes drugs leaves the pharmaceutical sector at risk from a "bubble effect" as profitability soars, new research suggests. Demand for the likes of Wegovy and Zepbound has driven research and…
Warsh’s take on Fed independence is met with confusion, concern
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026.Graeme Sloan |…
Treasury yields rise as traders monitor factory data and Mideast moves
U.S. Treasury yields rose on Monday as traders awaited more data on U.S. factory activity and events in the Middle East continued to loom over borrowing costs.The 10-year Treasury yield — the benchmark for U.S. government borrowing — was…
World Cup prize pool nears $900 million as FIFA boosts payouts
VANCOUVER, CANADA - APRIL 28: Gianni Infantino, FIFA President, presents Vittorio Montagliani, FIFA Vice-President and President of the Confederation of North, Central America and Caribbean Association Football (CONCACAF), with a gift…
India is burning more coal as extreme heat and the Iran war squeeze energy
NEW DELHI, INDIA - APRIL 27: People are seen protecting themselves from the sun on a hot summer day at Raisina Hill on April 27, 2026 in New Delhi, India. Delhi-NCR experienced intense heatwave conditions with maximum temperatures…
As Gulf fatigue sets in, earnings take center stage
A Cargo boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images
Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily…
Can nuclear energy solve Europe’s energy crisis? Here’s why it won’t be
Hefty upfront costs, issues disposing of radiation and waste, and memories of terrible accidents have all contributed to Europe's reluctance to embrace nuclear energy in recent decades. But the effective closure of the Strait of Hormuz…
Trump’s Hormuz gambit lands with a whimper
U.S. Marines from the 31st Marine Expeditionary Unit board M/V Blue Star III, a commercial ship suspected of attempting to transit to Iran in violation of the U.S. blockade of Iranian ports, April 28, 2026. U.S. forces released the…
Meme stock GameStop makes $56 billion bid for eBay in bid to rival Amazon
A sign is posted in front of the eBay headquarters in San Jose, California.Justin Sullivan | Getty ImagesU.S. video game retailer GameStop announced Sunday it has made an unsolicited, non-binding offer to acquire eBay for $125 per share…
Hang Seng Index, Kospi, ASX 200
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty ImagesSouth Korean stocks rose Monday to hit a fresh…