Israel Says It’s Discussing Starlink Wartime Backup With SpaceX
Israel says it’s in talks with SpaceX on setting up Starlink internet services to bolster its wartime communications, ahead of its expected ground invasion in the Gaza Strip.
Obesity Drugs Are a Potential $100 Billion Opportunity by 2030, Goldman Sachs Analysts Say
As the buzz surrounding weight-loss drugs gets ever louder, analysts at Goldman Sachs Group Inc. predict the market for such products could reach $100 billion by 2030, with Eli Lilly & Co. and Novo Nordisk A/S leading the pack.
Tencent’s Record Buybacks Are Not Enough to End $43 Billion Rout
Tencent Holdings Ltd. has returned about $24 billion to shareholders via buybacks and dividends this year. But even that won’t convince investors that it’s due for a turnaround following a $42 billion market value wipeout.
Tencent’s Record Buybacks Are Not Enough to End $43 Billion Rout
Tencent Holdings Ltd. has returned about $24 billion to shareholders via buybacks and dividends this year. But even that won’t convince investors that it’s due for a turnaround following a $42 billion market value wipeout.
US Opens Investigation of GM’s Cruise Unit Over Robotaxi Risks
Cruise LLC, the robotaxi company owned by General Motors Co., is facing a federal investigation over the possible risks to pedestrians from its driverless vehicles.
US Retail Sales Top Forecasts in Sign of Durable Consumer Demand
US retail sales increased in September by more than forecast in a broad advance that suggests durable household demand as the third quarter drew to a close.
Stocks Fall, Yields Rise After Hot Economic Data: Markets Wrap
Stocks fell while bond yields rose alongside the dollar after solid economic data reinforced the case for the Federal Reserve to keep interest rates higher for longer.
Portugal’s Billionaire Mello Family Eyes Purchases to Expand Wine Business
Portugal’s Mello family is looking to purchase domestic wineries to increase its wine business as it takes advantage of a highly fragmented market in the southern European country.
Ghana Asks Bondholders to Take Haircuts of as Much as 40%
Ghana’s dollar bonds slumped, posting some of the worst losses among emerging-market peers, after the government asked bondholders to accept a nominal haircut of as much as 40%.
US Factory Production Rises on Firmer Output of Consumer Goods
US factory production rose in September on firmer output of consumer goods, suggesting manufacturing is stabilizing.