Eli Lilly releases new, cheaper form of weight loss drug

Eli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach millions of patients without insurance coverage for the popular injection, such as those with Medicare.  The move also aims to expand the supply of Zepbound in the U.S. as demand skyrockets, … Read more

Harley-Davidson failed at ‘Business 101’ as ‘elitist jerks’ rule boardrooms, says former Levi’s exec

“Elitist jerks and hypocrites” at Harley-Davidson, and other brands such as Bud Light, are responsible for the woke-inflicted meltdown marquee American companies have suffered in recent years, an entrepreneur in the trenches of the corporate culture wars tells Fox New Digital. “It’s Business 101. You don’t disrespect your core consumers and you certainly don’t alienate … Read more

Apple Names Kevan Parekh As New Finance Chief Ahead of Product Launch

Kevan Parekh has been with Apple for more than a decade and will join the company’s executive committee. Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025. The leadership change comes ahead of Apple’s multiple … Read more

California lawmakers to vote on AI safety bill amid pushback from tech companies

A bill aimed at curbing the risk of artificial intelligence being used for nefarious purposes, such as cyberattacks or to perfect biological weapons, is set to be voted on by California state legislators this week. California Senate Bill 1047, authored by State Sen. Scott Wiener, would be the first of its kind in the U.S. … Read more

Canada imposes 100% tariff on imports of Chinese-made electric vehicles

TORONTO (AP) — Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China’s subsidies that give its industry an unfair advantage. The announcement came after encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime … Read more

Morning Bid: Tiptoeing nervously along US rate path

Aug 27 (Reuters) – A look at the day ahead in Asian markets. World markets are entering a period of nervous uncertainty as investors try to determine whether upcoming U.S. interest rate cuts will be benign and in tandem with a “soft landing,” or mitigation against a more damaging economic downturn. Asian markets leaned towards … Read more

Bitcoin rally helps create 84,000 new crypto billionaires in a year

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to … Read more

Edgar Bronfman Jr. Drop Bid For Paramount, Clearing Way For Skydance Deal

The Paramount Global ball is back in Skydance‘s court as Edgar Bronfman has discontinued his short-lived $6 billion bid to take control of the Shari Redstone-run media giant. “Tonight, our bidding group informed the special committee that we will be exiting the go-shop process. It was a privilege to have the opportunity to participate,” Bronfman … Read more

Apparent cyberattack leaves Seattle airport facing major internet outages

SEATTLE (AP) — An apparent cyberattack disrupted internet, phones, email and other systems at Seattle-Tacoma International Airport for a third day on Monday as Port of Seattle officials worked to investigate the outages and restore full service. “We’re working around the clock to get necessary systems back online and to mitigate impacts to our passengers,” … Read more