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Finance

The latest published reporting in this category.

Finance

Tech’s biggest names sank a tax on billionaires’ wealth with $425m and a familiar playbook

California saw the most expensive opposition campaign in its history as funding of political campaigns broke records in the US midterms In the hours after polls closed on election day, tech industry players began praising Sergey Brin, the co-founder of Google, on social media. “Huge thanks to Sergey Brin here,” wrote Garry Tan, the CEO of Y Combinator. Venture capitalist Ilya Sukhar posted: “God bless Sergey Brin.” And David Marcus, a crypto entrepreneur, simply wrote: “Hero.” Continue reading...

The Guardian
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Finance

Pharma firms’ focus on weight-loss drugs could put insulin supply at risk, experts warn

GLP-1 products such as Ozempic and Mounjaro spread but many in poorer countries struggle to get basic diabetes treatment The gold rush into GLP-1 weight-loss drugs risks diverting pharmaceutical firms’ attention away from diabetes treatments such as insulin, the head of the Access to Medicine Foundation has warned. GLP-1 blockbuster medications such as Novo Nordisk’s Ozempic and Eli Lilly’s Mounjaro have revolutionised obesity and diabetes treatment but there has been a greater focus by companies on weight loss, according to a report from the Netherlands-based non-profit group. Continue readin

The Guardian
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Finance

Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy

California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang Nvidia’s board needs to do some succession planning – sharpish Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareholders in a lawsuit over the Chinese spying scandal engulfing the $4.3tn (£3.2tn) company. The legal action came as Donald Trump said the FBI was investigating Huang’s affair with an alleged Chinese spy. Continue reading...

The Guardian
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Finance

‘The many v the money’ should frame the next US Congress

If Democrats want to keep the blue wave going into 2028, they have to take on the billionaire class Welcome back to How We Win, a Guardian opinion series with leading thinkers, offering bold ideas for America’s political future. Last week, Judd Legum shined a spotlight on the role of dark money in US elections. Today’s edition was written by Naomi Klein, Guardian US columnist and author of End Times Fascism: And the Fight for the Living World, co-written with Astra Taylor. To see the battle lines of the post-midterm era in sharp relief, look to Texas. The oligarchs in this battle seem to have

The Guardian
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Finance

Chinese Short Dramas Own Overseas Attention but Not Yet the Profits

Vertical micro-dramas from Chinese teams now command extreme mobile engagement abroad. The real product is a paid-hook, ad-bought industrial system, not cultural soft power. Thin margins, rising user-acquisition costs, and copycats will decide whether the boom becomes a lasting business.

钛媒体
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Military

Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’

Brent crude drops below $90 and markets climb after president downplays prospect of further strikes Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over”. Brent crude, the global oil benchmark, fell nearly 3% to $89.66, the lowest since 31 August, on Tuesday morning, after the US president downplayed the need for military action against Iran “at this point”. The fall came after a near 6% drop on Monday on signs that the conflict might be nearing an end. Co

The Guardian
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