Governments and traders spent Monday assessing the energy fallout from the expanding war involving Iran, as disruption around the Strait of Hormuz renewed fears over one of the world’s most important oil corridors. Since the conflict began on Feb. 28, tanker traffic through the strait has largely stalled, raising concern that a prolonged interruption could restrict supply well beyond the…
Danish drugmaker Novo Nordisk is trimming the out-of-pocket price of its blockbuster obesity drug Wegovy, but specialists warn that the treatment will remain financially out of reach for many patients without strong insurance coverage. The company has begun selling higher-dose injections of Wegovy to cash-paying U.S. customers for $349 per month, down from $499, in line with a drug-pricing deal…
Google is deploying its new Gemini 3 artificial intelligence model across its dominant search engine and a range of consumer and developer services, positioning the upgrade as a step toward a digital “thought partner” rather than a simple answer box. The model, unveiled on November 18, 2025, is being integrated first into the Gemini Pro and Gemini Ultra subscription tiers…
Walmart said Friday that its longtime chief executive Doug McMillon, 59, will retire at the end of January after more than a decade leading the world’s largest retailer. His role as CEO will end on Jan. 31, 2026, and he will stay on the board for a period to support the handover. John Furner, 51, currently president and CEO of…
President Donald Trump on Wednesday night signed a government funding bill that ends a record 43-day shutdown, reopening federal agencies that had been partially closed since October 1. The lapse in funding, the longest in U.S. history and longer than the 35-day partial shutdown of 2018–2019, halted basic federal services and left hundreds of thousands of federal employees either working…
The U.S. Senate approved legislation to reopen the federal government, pushing a negotiated deal to the House of Representatives for final action. The measure is a short-term stopgap that would extend funding through Jan. 30 and is intended to end the current shutdown once the House returns to Washington to vote. Senate leaders said the chamber’s passage brings the standoff…
Japanese conglomerate SoftBank Group Corp. announced on Tuesday that it has sold its entire stake in Nvidia Corporation, raising approximately US $5.8 billion. The stake sale, executed in October, marks a deliberate move by SoftBank to reallocate capital toward its deepening commitments in artificial intelligence. The company reported that for the six-month period ending September, net profit soared to about…
