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 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.
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 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 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 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’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 rose in September on firmer output of consumer goods, suggesting manufacturing is stabilizing.
The US is restricting the sale of chips that Nvidia Corp. designed specifically for the Chinese market, part of sweeping new updates to export curbs that are designed to block China’s access to highly advanced semiconductor technology.
Several venture capitalists cancelled plans to attend Web Summit following Paddy Cosgrave’s comments on the war.
