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Eli Lilly on Thursday launched a new program designed to help more employers cover obesity drugs in the U.S., targeting a major barrier to access for patients. Lilly and its chief rival, Novo Nordisk, have moved to slash the cash prices of their popular obesity injections for those who want to pay entirely out-of-pocket. But employer coverage of obesity drugs remains uneven due to high costs, leaving roughly half of people with commercial insurance unable to start or stay on treatment, Lilly said in a release. List prices for Lilly’s weight loss and diabetes treatments, Zepbound and Mounjaro, top $1,000 per month.Nearly…

It may be time to dive deeper into the emerging markets trade.Despite risks tied to the war with Iran, Global X ETFs’ Malcolm Dorson points to weaker dollar trends and uncertainty at home as a tailwind for the group.”It might be time to double down,” the firm’s senior portfolio manager told CNBC’s “ETF Edge.”He expects a burst of U.S. war spending will soften the greenback, which jumped this week, and create a favorable backdrop for emerging markets.Zoom In IconArrows pointing outwardsWhen asked about whether the dollar’s near-term strength could stick, Dorson responded, “for sure.” However, it’s not his base case.”A…

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin BTC$72,907.04 is rallying alongside the U.S. dollar, a pattern that has surfaced several times since President Donald Trump won the 2024 election.The cryptocurrency has gained over 10% since the outbreak of war in the Middle East over the weekend. Prices nearly tested the $74,000 mark at one point yesterday and are up over 2% in the past 24 hours. The CoinDesk 20 Index and major tokens including ether (ETH), XRP (XRP) and solana (SOL) rose 2% or more.For bulls, the rally is notable not just for its magnitude but for the…

Finding stocks to avoid can be just as important as identifying the next big winner. While many investors focus exclusively on companies with strong momentum and improving fundamentals, it can be equally valuable to recognize businesses facing structural challenges. Companies with declining revenue trends, falling earnings estimates, and persistent share price weakness often struggle to attract investor capital for extended periods.One stock that currently fits this profile is Autohome (ATHM). The company has seen its fundamentals deteriorate in recent years, and the combination of slowing growth, falling analyst estimates, and a steep decline in the stock price suggests investors may…

Raidiam, a global provider of secure open data ecosystems and the technical delivery partner for the FCA‘s Smart Data Sprints, has entered into a research partnership with the Saïd Business School at the University of Oxford. Commissioned by the FCA’s Smart Data Accelerator, the programme will design testable infrastructure models for open finance and smart data in the UK.The collaboration, which was recently highlighted at the FCA Mortgages & SME Finance TechSprint Showcase Day, will contribute to a multi-chapter research report. This report will examine alternative technology, infrastructure, and governance models capable of underpinning a future open finance ecosystem.Four dimensions…

“A person who is used to controlling others does not like being controlled.”

Adobe Selloff Deepens as 5th Wave Decline Unfolds

Introduction: War in Middle East threatens UK living standards growthGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The dust is settling after Rachel Reeves’s spring forecast statement yesterday, which showed that growth will be weaker than hoped this year while unemployment will be higher.While the chancellor claimed the UK could ‘beat the forecasts again’, economists are concerned that the ongoing Middle East crisis will hurt the economy, and household finances, badly.The Resolution Foundation have just released their overnight analysis of the Office for Budget Responsibility’s forecast. The good news? The UK is…

Check out what’s clicking on FoxBusiness.com. More than 650,000 plastic bottles of water are being recalled, according to the Food and Drug Administration. Wisconsin-based Valley Springs Artesian Gold LLC is recalling six of its products after they were bottled under “insanitary conditions,” according to the FDA enforcement report. The recall of 651,148 bottles of water was initiated Feb. 6.On Feb. 26, the FDA classified it a Class II recall, which the agency describes as an instance when the “use or exposure to a product may cause temporary or medically reversible adverse health consequences.” CHEESE SOLD AT WALMART RECALLED IN 24…

The outbreak of renewed conflict in the Middle East has further complicated the decision pathway for the US Federal Reserve as it seeks to balance both sides of its mandate, experts have told Central Banking.The joint US-Israeli attack on Iran on February 28, which resulted in the death of the country’s supreme leader, prompted the Islamic republic to launch strikes against countries across the region. Iran has also effectively blockaded the Strait of Hormuz, the waterway through which much of Only users who have a paid subscription or are part of a corporate subscription are able to print or copy…