From TradeBriefs <[email protected]>
Subject May 30, 2024 - Ozempic and Wegovy are so hard to find that a startup invented a free tool for tracking whether the weight-loss drugs are in stock
Date May 30, 2024 2:47 AM
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From the Editor's Desk

Babbling babies may be warming up for speech, say scientists

Squeals and growls tend to occur in groups, finds study of infants
aged up to 13 months

Continued here
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Work

Ozempic and Wegovy are so hard to find that a startup invented a free
tool for tracking whether the weight-loss drugs are in stock
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
The new tracker, which telehealth company Ro announced Wednesday, lets
users report when they find a pharmacy with the drugs, known as
GLP-1s, in stock. A user can also report shortages to help inform
others. The tool is free for everyone and not limited to Ro
customers. 

Work

How the far right is winning over young Europeans - FT (No paywall)
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Rightwing populist parties are making inroads into a demographic fed
up with economic insecurity and immigration policy






















 










Work

Goldman Sachs pulls in more than $20bn to invest in private credit -
FT (No paywall) [[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
Wall Street bank keen to retain its foothold in one of the
fast-growing segments of the asset management industry

Work

Abercrombie's blowout comeback isn't just a harbinger for an early
aughts craze--it's leading the renaissance for iconic mall-based
brands - Fortune (No paywall) [[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
Abercrombie & Fitch, the clothing retailer beloved in the 1990s and
early 2000s, put an emphatic stamp on its comeback, posting its best
first quarter in company history. The company reported $1 billion in
net sales, a 22% leap from last year, far exceeding expectations.
Sister brand Hollister saw a 12% growth in comparable sales, and
Abercrombie’s shares were up over 20% to $187 on Wednesday. 







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Work

Home insurers paid out a staggering $100 billion last year, the most
catastrophic financial wrecking ball in over a decade - Fortune (No
paywall) [[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
Home insurance companies are being battered by a costly combination of
severe storms and high inflation. They just had their worst year in a
decade, with storms costing their business over $100 billion—and
customers are suffering for it in the form of higher prices and fewer
options, as some companies choose to exit risky markets altogether.

Work

Lina Khan's noncompete crackdown could leave most doctors and nurses
out in the cold [[link removed]}&lead=419599&emailid=7462&nl=international]  
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Work

Who is responsible for feeding Gaza? - The Economist (No paywall)
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[[link removed]}&lead=419599&emailid=7462&nl=international]  
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Work

Incompetence or opacity: the choice facing British voters - The
Economist (No paywall) [[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]







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Work

Nato has just 5% of air defences needed to protect eastern flank - FT
(No paywall) [[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
Lack of systems required in case of war lays bare vulnerabilities,
according to alliance’s own assessments

Work

AI is so good at predicting company results that it can beat some
analysts, researchers claim
[[link removed]}&lead=419599&emailid=7462&nl=international]  
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[[link removed]}&lead=419599&emailid=7462&nl=international]
Large language models are capable of playing "a more active role" in
financial decision-making, per a new draft study






















 









Work

Hedge funds have never been more long the Magnificent 7 stocks,
exceeding last summer's peak exposure
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
Data from Goldman Sachs' prime brokerage shows that hedge-fund
exposure to Big Tech stocks continues to grow.

Work

Americans Raced to Get Their Families Out of Gaza. Then the Border
Slammed Shut.
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[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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The closure this month of the Rafah border crossing into Egypt, the
only way out for civilians, has thrown an already complicated system
into disarray.














 









Work

A lot of car crashes are ending with insurance companies calling the
car totaled
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[[link removed]}&lead=419599&emailid=7462&nl=international]  
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High repair costs, high depreciation, and expensive tech are
conspiring to write off cars

Work

An AI stock backed by Nvidia is on a tear almost as strong as Nvidia
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]  
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SoundHound AI, an AI voice and conversation platform, has seen its
shares rise on pace with the chipmaker this year






















 









Work

Merck is spending $3 billion on an eye drug developer as it braces to
lose a key cancer patent
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[[link removed]}&lead=419599&emailid=7462&nl=international]
The move comes as the pharma giant's patent of its flagship Keytruda
treatment is set to expire in 2018

Work

A private arts college is set to close, citing issues with the new
FAFSA. Others may follow, expert warns
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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Citing too few students, the Delaware College of Art and Design will
no longer offer classes or confer degrees starting this fall.






















 









Work

How a single comma is allowing Israel to question ICJ Rafah ruling
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
Israel is among those arguing that international court of justice
directive is ambivalent and far from a blanket order to halt its
offensive

Work

Heatwaves increase risk of early births and poorer health in babies,
study finds
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
Research that looked at 53 million births says Black and Hispanic
mothers and those in lower socioeconomic groups most at risk

Work

Gaza Offensive to Last at Least to Year's End, Israeli Official Says
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
The assessment, at odds with Prime Minister Benjamin Netanyahu’s
assertion that the country is “on the brink of victory,” came as
Israel claimed control of a key buffer strip along Egypt’s border.

Work

Nissan issues 'do not drive' alert for nearly 84,000 older models with
recalled airbags
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
The Japanese carmaker's "Do Not Drive" alert applies to Sentras
(2002-2006), Pathfinders (2002-2004) and Infiniti QX4s (2002-2003)
with recalled airbags.

Work

Orange-juice makers consider using other fruits after prices go
'bananas'
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   [[link removed]}&lead=419599&emailid=7462&nl=international]
Global industry ‘in crisis’ as fears about Brazilian harvest
help push wholesale prices to record highs

Work

Person dies after falling into jet engine at Schiphol airport
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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Aircraft operated by KLM was preparing to depart when incident
occurred at busy Amsterdam hub

Work

A 'green steel' startup has raised more than $300 million to make
steel from electricity
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
Boston Metal is Fast Company's "World Changing Ideas Award" winner for
climate

Work

An EV meme stock is tanking on abysmal earnings
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[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
The electric vehicle startup Faraday Future sold just 4 luxury EVs in
1 year

Work

From Allies and Advisers, Pressure Grows on Biden to Allow Attacks on
Russian Territory
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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President Biden is weighing fears of escalation with a nuclear-armed
adversary as he considers whether to let Ukraine shoot American
weapons into Russia.

Work

Biden Asks What Trump Would Have Done if Capitol Rioters Were Black
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[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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“What do you think would have happened if Black Americans had
stormed the Capitol?” the president said at a rally in Philadelphia.
“I don’t think he’d be talking about pardons.”

Work

Alito Refuses Calls for Recusal Over Display of Provocative Flags
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[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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“My wife is fond of flying flags,” the justice wrote in a letter
to members of Congress who had demanded he step down from two cases
related to the Jan. 6 attack. “I am not.”

Work

An 81-Year-Old 'Serial Slingshot Shooter' Is Arrested After Decade of
Mischief
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
Residents in Azusa, Calif., have been plagued by broken windows for
years. The police say they have found the man who did it.

Work

Once a Sheriff's Deputy in Florida, Now a Source of Disinformation
From Russia
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
In 2016, Russia used an army of trolls to interfere in the U.S.
presidential election. This year, an American given asylum in Moscow
may be accomplishing much the same thing all by himself.

Work

American Airlines kicked Black passengers off a flight over 'body
odor' complaints, lawsuit says
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
The passengers sued American Airlines for "blatant race
discrimination"

Work

Apple's 'IntelliPhones' will dominate the market, Bank of America says
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
Apple is expected to debut AI tools with iOS 18 during its Worldwide
Developers Conference

Work

The Dow drops 375 points as American and other airline stocks sink
[[link removed]}&lead=419599&emailid=7462&nl=international]  
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Meanwhile, Nvidia's market capitalization is close to surpassing
Apple's

Work

Elon Musk is taunting a Tesla short-seller after embezzlement
accusations
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Legendary short-seller Jim Chanos allegedly took $10 million from his
firm to enrich himself and his girlfriend

Work

Black men sue American Airlines for 'racial discrimination'
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
The airline is investigating after a lawsuit was filed saying all
black men were temporarily removed from a flight.

Work

American shares tumble 13% after sales strategy backfires; carrier
cuts growth
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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American cut its profit and unit revenue forecast for the second
quarter, which coincides with some of the busiest travel periods of
the year.

Work

American Eagle profit soars, but sales grow slower than expected
[[link removed]}&lead=419599&emailid=7462&nl=international]  
[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=7462&nl=international]
American Eagle has been working to boost profit over the next three
years and has drilled down on revamping its product assortment.

Work

Walgreens announces price cuts on 1,300 items amid ongoing consumer
spending fatigue
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[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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Signs of a "K"-shaped economic recovery continue to emerge, with more
well-off Americans able to sustain higher levels of spending than
lower-income ones.

Work

Anglo American rejects call by mining rival BHP to extend takeover
talks deadline
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[[link removed]}&lead=419599&emailid=7462&nl=international&hashtags=tradebriefs&via=TradeBriefs]  
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British company says concerns not addressed during approach by
Australian firm

Work

Is Apple planning to 'sherlock' Arc? | TechCrunch
[[link removed]}&lead=419599&emailid=7462&nl=international]  
   [[link removed]}&lead=419599&emailid=7462&nl=international]
With the release of iOS 18 later this year, Apple may again borrow
ideas third-party apps. This time it's Arc that could be among those
affected.

Work

Slingshot raises $2.2 million to provide financial services to artists
| TechCrunch
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Sanil Chawla remembers the meetings he had with countless artists in
college. Those creatives were looking for one thing: sustainable
economic

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