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Novo Nordisk plunged 8%; its new weight-loss pill was "copied" as soon as it hit the market, with telemedicine company Hims launching a $49 generic version.

Novo Nordisk plunged 8%; its new weight-loss pill was "copied" as soon as it hit the market, with telemedicine company Hims launching a $49 generic version.

Just as Novo Nordisk’s newly launched weight loss pill was trying to find its footing, it has been hit by an unexpected market challenge. On Thursday, February 5th, Novo Nordisk’s stock plunged sharply, after telehealth company Hims & Hers Health introduced a generic version of Novo Nordisk’s

All the hottest trades on Wall Street are retreating across the board.

All the hottest trades on Wall Street are retreating across the board.

From tech stocks to gold and even cryptocurrency, the previously most popular trades on Wall Street that were chased by capital every day have now fully shifted to a sudden retreat from risk. This time, there is no single triggering factor, unlike last April when the market was plunged into

AI "colleagues" about to start work? OpenAI launches Frontier, targeting enterprise-level agent automation

AI "colleagues" about to start work? OpenAI launches Frontier, targeting enterprise-level agent automation

``` OpenAI announced on Thursday the launch of a brand-new platform designed to help enterprises deploy AI agents more easily. According to media reports, this is part of the company’s broader strategy, aimed at consolidating its leading position in automating high-value work tasks. This new product, called Frontier, allows enterprises

"Over 200 billion mining giant 'falls through': Rio Tinto abandons merger talks, Glencore drops over 10% intraday"

"Over 200 billion mining giant 'falls through': Rio Tinto abandons merger talks, Glencore drops over 10% intraday"

The super merger talks that were expected to create the world's largest mining company have collapsed. Rio Tinto Group announced on Thursday that it would abandon merger negotiations with Glencore, as both sides failed to agree on the valuation, ending a world-class mining integration plan worth more than

Will Waller be sued if rate cuts are inadequate? Besant's hearing leaves suspense: Whether to prosecute depends on Trump

Will Waller be sued if rate cuts are inadequate? Besant's hearing leaves suspense: Whether to prosecute depends on Trump

The top leadership of the Federal Reserve is facing new pressure to cut interest rates this year. After Fed Chairman Powell was investigated by the U.S. Department of Justice, his successor Warsh received a "warning" even before officially taking office. On Thursday, February 5th Eastern Time, U.

What does the merger of SpaceX and xAI mean? UBS: Ushering in the era of "orbital AI"

What does the merger of SpaceX and xAI mean? UBS: Ushering in the era of "orbital AI"

Musk has just completed a move that could reshape the global capital market landscape: merging xAI into SpaceX. This merger not only creates a super-giant with a valuation of $1.25 trillion, but also directly lifts Musk’s personal net worth to $850 billion. However, for investors, this is more

Panic is spreading, and selling is triggering more selling.

Panic is spreading, and selling is triggering more selling.

``` Anxiety in the technology sector is triggering a chain reaction, with investors reversing their views on artificial intelligence and its disruptive impact, significantly increasing market volatility. Against this backdrop, a wave of sell-offs in the software industry has rapidly spread to chipmakers and major tech stocks, resulting in self-reinforcing selling