Finance
CNBC reports that Eli Lilly's daily obesity pill could still compete effectively in the weight loss drug market. The assessment comes after the company released late-stage trial data in early August 2025 that disappointed Wall Street expectations. Eli Lilly's oral drug, orforglipron, caused 12.4% weight
Finance
China has agreed to address India's concerns over export restrictions on rare earth magnets, fertilizers and tunnel boring machines, providing relief to Indian electronics manufacturers who faced production bottlenecks earlier this year. Business Standard reports that Chinese Foreign Minister Wang Yi provided these assurances during his meeting with
Finance
Sweden announced Thursday that it had selected small modular nuclear reactors for its first nuclear expansion in 50 years. According to BSS News, Prime Minister Ulf Kristersson told a press conference that "for the first time in 50 years, new nuclear power will be built in Sweden." State
Finance
Japanese Prime Minister Shigeru Ishiba announced a new economic zone connecting the Indian Ocean to Africa during the Tokyo International Conference on African Development on Wednesday. According to Financial Post, the proposal came as Japan seeks a greater role on the African continent. ABC News reports Japan will extend loans
Finance
Google announced Tuesday it will make app marketplace terms easier for developers following pressure from European Union regulators. Euronews reports the tech giant will allow Android developers to direct users outside Google Play for purchases and transactions. The European Commission accused Google's parent company Alphabet in March of
Finance
Portugal is battling its most severe wildfire outbreak in recent years, with blazes consuming over 170,000 hectares of land as of August 17, 2025. According to Portugal Resident, the Portuguese government activated the European Civil Protection Mechanism on August 15 after weather conditions prevented firefighters from containing multiple active
Finance
According to Capacity Media, Foxconn plans to manufacture data center equipment in collaboration with SoftBank at the Taiwanese firm's former electric vehicle factory in Ohio. SoftBank has purchased the Lordstown site for $375 million, with Foxconn Chairman Young Liu confirming that Foxconn will continue operating the facility through
Finance
The United States Department of Agriculture announced Friday a $750 million plan to build a sterile fly production facility in southern Texas. According to Associated Press, Agriculture Secretary Brooke Rollins revealed the facility will produce 300 million sterile New World screwworm flies weekly. The factory will be located at Moore
Finance
Ford Motor Company announced Monday its Universal Electric Vehicle Platform and production system. The automaker plans a five billion dollar investment across Louisville Assembly Plant and BlueOval Battery Park Michigan. The new platform will produce a midsize electric pickup truck starting at approximately thirty thousand dollars. CEO Jim Farley unveiled
Finance
SPAR Switzerland has launched the country's first nationwide cryptocurrency payment system across retail locations. According to BTCPeers, the grocery chain now accepts over 100 cryptocurrencies and stablecoins at 100 stores, with expansion to 300 locations planned for the coming months. The rollout uses technology from Binance Pay and
Finance
According to CNBC, Eastman Kodak reported a net loss of $26 million in its second quarter 2025 earnings report, representing a 200% decline from the $26 million profit recorded in the same period last year. The 133-year-old company warned investors of "substantial doubt" about its ability to continue
Finance
Artificial intelligence startup Perplexity AI made an unsolicited $34.5 billion all-cash offer for Google's Chrome browser on Tuesday. According to CNBC, the three-year-old company confirmed the bid amount to purchase the world's most popular web browser. The offer comes as regulatory pressure mounts on Google