Ozempic could be profitably produced for less than $5 a month even as maker Novo Nordisk charges almost $1,000 in the US. Ozempic could be manufactured for less than $5 a month, even with a profit margin, while Novo Nordisk A/S charges nearly $1,000 in the US,

FTX founder, Sam Bankman-Fried, SBF has been sentenced to 25 years in prison. The sentence in Manhattan federal court was shorter than the 40 to 50 years in prison sought by federal prosecutors but longer than the five to six-and-a-half years suggested by his lawyers. “There is a risk that

Argentine President Javier Milei plans to fire 70,000 government workers in the coming months as part of his strategy to reach a fiscal balance at any cost this year, per Bloomberg. Aside from the job cuts, Milei proudly announced on Tuesday at an event that he has halted public

President Joe Biden has agreed to ban US embassies from flying the LGBTQ pride flag as part of a $1.2 trillion spending deal to keep most US government agencies open through Sept. 30. President Joe Biden has agreed to a provision in a $1.2 trillion spending deal that

The Baltimore bridge collapse is set to disrupt global trade, including metals, fossil fuels and grains. The collapse of a major bridge in Baltimore on Tuesday is expected to halt the port’s coal exports for up to six weeks, potentially obstructing the transport of around 2.5 million tons

The Institute for the Study of War suggests that Russian President Vladimir Putin's efforts to revive the Russian economy are not solely about funding the country's war on Ukraine. According to a report by the ISW on Wednesday, several Russian financial, economic, and military indicators indicate

The Federal Reserve saw a net negative income of $114.3 billion in 2023, a record loss. Last year, the Federal Reserve reported a loss following a net income of $58.8 billion in 2022, according to audited figures released by the Fed. Despite the loss, the Fed emphasizes that

Global oil consumption is surging, surpassing expectations and raising doubts about when peak consumption will occur. At the CERAWeek by S&P Global conference in Houston, industry leaders expressed confidence in rising oil demand, despite the growth of electric vehicles and renewable energy. Many attendees believe that oil consumption

Fidelity Investments, which manages $4.5 trillion in assets, has filed an S-1 Form with the SEC for an Ethereum exchange-traded fund (ETF) that includes staking capabilities. After the success of bitcoin ETFs, many expected major players like Fidelity to offer an Ethereum ETF. The asset manager first filed for

Two Democrats have introduced the Shrinkflation Prevention Act to the House of Representatives. Today, Representatives Chris Deluzio (PA-17) and Marie Gluesenkamp Perez (WA-03) introduced the Shrinkflation Prevention Act, a bill aimed at preventing corporations from deceptively reducing the sizes of their products without lowering prices accordingly. Shrinkflation, which often goes