Business
Novo Nordisk has filed a lawsuit against rival Eli Lilly alleging deceptive advertising practices in the promotion of GLP-1 weight-loss medications. The Danish pharmaceutical giant is seeking a permanent injunction and corrective advertising from its competitor.
Business
General Motors reported second-quarter earnings that exceeded Wall Street expectations, driven by strong vehicle pricing and resilient consumer demand. The automaker raised its full-year guidance as North American profits surged and costs declined.
Business
General Motors reported second-quarter 2026 results that exceeded Wall Street expectations, driven by resilient vehicle pricing and declining costs. The Detroit automaker raised its full-year guidance following the stronger-than-anticipated performance.
Business
Creditors of Britain's largest water utility have proposed granting the UK government special veto powers in a last-ditch effort to avoid state takeover. The move comes as Thames Water faces a severe financial crisis threatening its ability to service debt and maintain critical infrastructure.
Business
Prime Minister Andy Burnham has appointed former defence secretary John Healey as Chancellor of the Exchequer, triggering a rally in UK defence stocks. The move comes as new figures show Britain borrowed less than expected in June, while Burnham also announced VAT cuts on electricity bills.
Business
Jamie Dimon said he would not purchase stocks or long-term Treasury bonds at current price levels, cautioning that investors are underestimating significant risks. The JPMorgan Chase CEO's remarks stand in sharp contrast to recent market resilience despite ongoing geopolitical tensions.
Business
President Donald Trump has announced sweeping 50% tariffs on numerous Canadian goods, citing discriminatory trade practices. The move marks a significant escalation in tensions between the North American neighbors and risks violating their trilateral trade agreement.