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Novo Nordisk chair touts OTC future for Wegovy as top investor tightens grip
New Novo Nordisk chair Lars Rebien Sorensen plans to add pharma and OTC expertise after a board shake-up that sparked governance concerns.
Texas judge weighs Paxton bid to block Kenvue dividend
Texas AG Ken Paxton seeks to block Kenvue’s $398M dividend and restrict Tylenol marketing as a judge considers his unprecedented request.
US House report accuses China of minerals market interference
A House committee report alleges China manipulates global critical minerals prices and urges new U.S. policy controls and oversight.
Walmart CEO Doug McMillon to Retire; John Furner to Lead
Walmart CEO Doug McMillon will retire in 2026 after a decade transforming the retailer; U.S. chief John Furner named as his successor.
Metsera shareholders vote for up to $10 billion acquisition by Pfizer
(Reuters) -Metsera shareholders on Thursday approved Pfizer’s takeover offer worth up to $10 billion, according to a preliminary vote count, securing a critical re-entry into the lucrative obesity treatment market for the U.S. drug giant after a fierce bidding war with Wegovy-maker Novo Nordisk. The approval paves the way for Pfizer to diversify beyond its […]
Fed may soon start buying bonds to manage market liquidity, Williams says
New York Fed President John Williams said the central bank may soon restart bond purchases to maintain control of short-term rates.
Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
Metsera falls after accepting up to $10 billion offer from Pfizer
Pfizer wins a $10 billion deal for weight-loss drugmaker Metsera, ending its bidding war with Danish rival Novo Nordisk.
Oil moves on report, denial of US attack plan on Venezuela
HOUSTON (Reuters) -Oil prices popped up on media reports that U.S. air strikes on Venezuela could begin within hours only to fall after U.S. President Donald Trump issued a denial of the report on social media. Brent crude futures were up 6 cents, or 0.09%, at $65.06 a barrel by 11:12 a.m. CDT (1612 GMT), […]
Buffett to issue letter to children and shareholders, hand off annual letter to Abel, WSJ says
(Reuters) -Warren Buffett will release a letter to his three children and Berkshire Hathaway shareholders on November 10, while Greg Abel will write Berkshire’s annual shareholder letter in February after becoming chief executive, the Wall Street Journal said on Thursday, citing Buffett’s assistant. Buffett, 95, is stepping down as chief executive at the end of […]
