Business

Eli Lilly’s retatrutide achieved strong results in late-stage diabetes trials, reducing blood sugar by 2% and aiding weight loss. The ‘triple G’ drug mimics three hormones, outperforming existing treatments and intensifying competition in the $100B obesity-drug market.

Sound Transit’s board confronts a $34.5B shortfall by weighing three cost-cutting plans, all delaying Ballard light rail past 2046. Seattle leaders push back, warning of broken voter trust.

Global stock markets tumbled Thursday after Brent crude briefly topped $119 a barrel amid escalating Middle East conflicts and renewed fears over oil supply disruptions. The S&P 500 closed down 0.3% while Japan’s Nikkei 225 plummeted 2.5% as investors grappled with inflation risks and the Federal Re

Middle East oil exports have plummeted by 62% in weeks, with Saudi Arabia, Iraq, and UAE slashing production. Analysts now warn $200 oil is plausible as storage limits and geopolitical chaos tighten supply.

Asia-Pacific stocks followed Wall Street’s selloff Thursday as geopolitical risks sent oil prices surging past $110 per barrel. The Bank of Japan’s rate decision loomed over markets, while escalating Iran tensions fueled energy market volatility.

The Federal Reserve maintained its benchmark interest rate Wednesday as Chair Jerome Powell cited rising inflation and geopolitical risks from the Iran conflict. Policymakers projected only one rate cut in 2026, reflecting caution amid uncertain economic conditions.

Researchers have developed a CRISPR-based method to genetically reprogram human T cells inside living organisms, creating cancer-fighting CAR T cells without ex vivo manufacturing. The technique targets the TRAC gene locus and has shown complete tumor control in multiple humanized mouse models, incl

Disney’s leadership handoff from Bob Iger to Josh D’Amaro marks the company’s first drama-free CEO succession in over 30 years, defying historical turbulence. With Iger stepping back entirely and D’Amaro assuming control, analysts and insiders praise the transparent process and stable transition.

As U.S. and Israeli strikes on Iran disrupt global oil flows, China leverages massive strategic stockpiles and a resilient 'supergrid' to emerge stronger. With 851 million barrels stored and Iran redirecting oil to Beijing, the energy crisis may cement China’s dominance in both fossil fuels and rene

BMW's all-new i3 50 xDrive delivers 463 horsepower, up to 440 miles of EPA-certified range, and a radical Neue Klasse design. The electric 3 Series sedan marks the first sedan to adopt BMW's futuristic styling and 800-volt architecture.

Federal Reserve Chair Jerome Powell will stay on as chair pro tempore if Senate confirmation of Kevin Warsh is delayed past May. Powell also refuses to resign from the Fed Board until the DOJ investigation into him concludes with transparency, citing institutional stability.

Bob Iger formally concluded his 20-year tenure as Disney CEO at the 2026 virtual shareholders meeting, passing the torch to Josh D'Amaro, who outlined a digital-first future for the company centered on Disney+. Iger praised D'Amaro and incoming creative chief Dana Walden, calling Disney's future 'a

Gilles Brassard and Charles Bennett, founders of quantum information science, received the 2023 A.M. Turing Award for their groundbreaking work in quantum encryption and computing. The $1 million prize marks the first time the prestigious computer science honor recognized quantum physics research.

Economists warn Trump’s war in Iran could slash U.S. GDP growth by 0.5% and fuel inflation if oil prices stay above $100. The Federal Reserve is unlikely to cut interest rates, deepening economic strain as the Strait of Hormuz remains closed.

Macy's reported better-than-expected fourth-quarter earnings and revenue as it accelerates store closures and rebrands remaining locations. The retailer projects a sales decline for 2025 despite progress in its turnaround strategy under CEO Tony Spring.

BMW’s all-new 2027 i3 marks the brand’s first fully electric 3 Series sedan, debuting in Munich this August. With 440 miles of range, a 463-hp powertrain, and Neue Klasse platform innovations, it aims to set a new benchmark for electric performance sedans.

Even homeowners with record-low mortgage rates now face staggering increases in overlooked fees like insurance, property taxes, and HOA costs, making homeownership less affordable despite cheaper monthly loan payments.

Chinese AI stocks surged Wednesday after Nvidia CEO Jensen Huang called OpenClaw the 'next ChatGPT.' MiniMax and Zhipu jumped 22% and 14%, respectively, as investors bet on domestic AI innovation amid global competition.

President Donald Trump’s tariffs, sold as a lifeline for American factories, have instead triggered job losses and rising costs for manufacturers like Allen Engineering in Arkansas. Data shows 98,000 manufacturing jobs vanished in Trump’s first year back, while companies sue for $130B in refunds.

Indian crypto investor Vignesh Sundaresan spent $69.3 million on Beeple’s 'Everydays: The First 5000 Days' in 2021—then watched the NFT market collapse. Five years later, he reflects on the purchase, the fallout, and why he still sees value in digital art as his new Singapore gallery opens.

The Federal Reserve maintained its benchmark interest rate at 3.5%-3.75% on Wednesday, defying market hopes for imminent cuts amid persistent inflation and geopolitical turmoil. U.S. stocks ended sharply lower, with the Dow dropping below its 200-day moving average for the first time since mid-2025.

Japan's exports grew 4.2% in February, beating forecasts, but shipments to China and the U.S. fell sharply. Semiconductor exports jumped 25.1%, while auto exports to the U.S. dropped 14.8% amid trade tensions.

Bank of America will pay an undisclosed settlement to resolve a lawsuit alleging it ignored $170M in suspicious Epstein-linked transactions. The case, filed on behalf of a victim, exposes systemic financial blind spots in sex trafficking operations.

The Strait of Hormuz remains closed amid US-Iran conflict, disrupting 20% of global oil trade and sending crude prices surging. World leaders face mounting political threats as energy crises collide with election cycles, threatening leadership stability worldwide.