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☆ Opinion: Germany’s far right is surging. Banning it would backfire
▼ + stars: | 2024-01-19 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +8 min

But today, Germany is staring at a surging far right – and the country’s mainstream politicians and democratic citizens, still by far the lion’s share of the population, are understandably rattled. Since then it has veered steadily to the far right, where its members tout barely veiled racism and Islamophobia. But studies show that time and again the accommodation of radical right positions benefits the hard right – and not its imitators. Moreover, democrats of all stripes should expose the far right’s populist arguments for what they are: exaggerations, falsehoods and demagoguery. Germany’s ascendent far right shows that all of Europe – and beyond, including the US – could be at a tipping point.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, Adolf Hitler’s, Reich, Alice Weidel, –, Ulrich Perrey, Holstein Daniel Günther, Vladimir Putin’s, Austria –, Germany’s Organizations: CNN, Berlin CNN, Parliament, Research, Brandeis University Locations: Berlin, New Berlin, Hungary, Italy, Finland, Germany, Schwerin, Schleswig, Vladimir Putin’s Russia, Ukraine, Sweden, Austria, Europe

☆ Hybrid Cars Enjoy a Renaissance as All-Electric Sales Slow
▼ + stars: | 2024-01-17 | by ( Lawrence Ulrich | ) www.nytimes.com time to read: +1 min

As Teslas and other electric vehicles dazzled car buyers with futuristic technology and dreams of a gasoline-free future, hybrid cars began to seem like yesterday’s news. Now, a slowdown in the growth of electric car sales has led General Motors, Ford Motor and Volkswagen to walk back ambitious targets for those vehicles. “Consumers want the same experience they’ve had” with a combustion engine car, said Stephanie Valdez Streaty, director of industry insights for Cox Automotive. But hybrid sales rose even faster, up 65 percent to more than 1.2 million, lifting their market share to 8 percent from 5.5 percent, according to Edmunds. Throw in plug-in hybrids, and nearly one in 10 new cars pairs a gasoline engine with electric motors to save fuel and boost performance.

Persons: they’re, they’ve, Stephanie Valdez Streaty, Price, Cox, Edmunds Organizations: Toyota Prius, Motors, Ford Motor, Volkswagen, Cox Automotive

There was one answer, he said, that would always be acceptable in his class filled with second-year students at the U.S. Military Academy. President Joe Biden, in his first campaign address of the year, warned about Trump's rhetoric on the military and its leadership. With cadets and midshipmen drawn from across the United States, students at West Point and other service academies are aware of the national mood and the potential for political divisions to seep into the military. At West Point, the Constitution and the oaths are not only embedded throughout the curriculum, they also permeate the campus. Avoiding it would not be an option, said Reeves, whose family ties to West Point date to the 19th century.

Persons: Joe Amoroso quizzed, ”, ” Amoroso, It’s, Trump, Mark Milley, Joe Biden, Milley, Marybeth Ulrich, Darrell Miller, Democrat Biden, Miller, “, Bryan Agustin, Ulysses S, Grant, Dwight D, Eisenhower, Shane Reeves, Jan, Reeves, Biden, – Organizations: U.S . Military Academy, Hesitantly, Joint Chiefs of Staff, West, Trump, Air Force Academy, U.S . Capitol, Civil, Military Relations, Space Force, Buckley Space Force Base, Democrat, Republican Trump, Defense, Goodfellow Air Force Base, Union Army, 101st Airborne, Central High School, GOP, Associated Press, AP Locations: United States, Denver, Texas, West, Little Rock , Arkansas, Brig

☆ COP28: No-shows and walkouts as Israel-Hamas war looms over crucial climate talks
▼ + stars: | 2023-12-02 | by ( Angela Dewan | ) edition.cnn.com time to read: +7 min

CNN —Israeli President Isaac Herzog spent his day on Friday meeting with high-profile leaders at the COP28 climate talks in Dubai. Herzog was supposed to give an address that day calling for action on the climate crisis. The Israel-Hamas war is casting a shadow over the COP28 climate talks. The UK's King Charles III shakes hands with Israeli President Isaac Herzog at the COP28 climate talks in Dubai on December 1, 2023. The Middle East has long been wracked with conflict, but the climate crisis was one area that was helping repair old rifts.

Persons: Isaac Herzog, Herzog, King Charles III, Recep Tayyip Erdogan, Cyril Ramaphosa, Israel, Rishi Sunak, Israel “, ” Sunak, Iran doesn’t, It’s, Jordanian King Abdullah II, “, ”, Ulrich Eberle, Biden, ” Eberle, Joe Biden, —, Jordan, Ayman Safadi, Al, haven’t, Alden Meyer, ” Alden, “ It’s Organizations: CNN, United Arab, European Union, United Nations, Hamas, Presidential Press, Reuters, South, Israel, UN, Crisis, Gaza, “, UAE Locations: Dubai, Gaza, United Arab Emirates, Qatar, United Kingdom, India, Israel, Iran, China, Jordanian, SeanGallup, UAE, Palestinian, Al Jazeera, Ukraine

☆ US dollar is heading for its worst month in a year. It’s not all bad news
▼ + stars: | 2023-11-29 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The US dollar is barreling toward a 3.7% loss this month against a basket of six major currencies in what would be it worst monthly performance in a year. For countries that depend on commodity imports, a weaker dollar means they have to pay less for essentials like wheat and crude oil. A number of up-and-coming economies have debts denominated in dollars, and a weaker dollar can make servicing those debts less expensive. A fall in the greenback’s value also signals better investment opportunities outside the United States, McCormick told CNN. “A weaker dollar is a rising tide that lifts all boats,” he said.

Persons: decelerate, ” Ulrich Leuchtmann, Cameron Willard, —, ” Willard, ”, Mark McCormick, Leuchtmann, McCormick, stokes, Willard Organizations: London CNN, Reserve, CNN, TD Securities Locations: United States, Japan, Korea, India, Handelsbanken

New York (AP) — New York City Mayor Eric Adams denied any involvement in illegal political fundraising Friday, but his campaign pledged it would review its books, a day after federal agents raided the home of one of the Democrat's chief fundraisers. “I am outraged and angry if anyone attempted to use the campaign to manipulate our democracy and defraud our campaign," Adams said in a statement on Friday. Political Cartoons View All 1234 Images“I want to be clear, I have no knowledge, direct or otherwise, of any improper fundraising activity — and certainly not of any foreign money,” Adams said. Four construction officials were charged in the scheme, as was a former NYPD commander who had known the mayor for decades. “But it should always be a concern when the Department of Justice is investigating any aspect of your campaign.”

Persons: Eric Adams, “, Adams, Vito Pitta, Brianna Suggs, ” Adams, Suggs, Attorney Alvin Bragg, Eric Ulrich, ”, Carrie Cohen Organizations: —, — New York City, White, New York Times, KSK, Washington , D.C, Associated Press, Attorney, NYPD, Department of Justice Locations: York, — New York, Brooklyn, Washington, New York, U.S, Manhattan, Turkey, Washington ,, Turkish

☆ Opinion | New York City Is Getting Tired of Mayor Adams’s Scandals
▼ + stars: | 2023-11-03 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

The city, home to large Jewish and Muslim communities, is reeling from the Oct. 7 attacks on Israel and the ensuing war in Gaza. That’s the very issue that led Mr. Adams to visit the nation’s capital on Thursday to seek federal help. Thanks to the city’s continuing housing crisis, more than 119,320 students enrolled in New York’s public schools are homeless, according to new data released this week. Mr. Adams is working on all of these issues. Eric Ulrich, Mr. Adams’s former building commissioner and a former campaign adviser, was indicted on bribery charges in September.

Persons: Adams, Suggs, Eric Ulrich, Mr, Alvin Bragg, — Organizations: New Locations: Israel, Gaza, Palestinian American, Manhattan

NEW YORK (AP) — Federal agents on Thursday raided the home of a top fundraiser and longtime confidante to New York City Mayor Eric Adams, who abruptly ditched a planned White House meeting and flew home from Washington. The official declined to say whether Suggs was the target of an investigation. Vito Pitta, an attorney for the Adams campaign, said the mayor was not contacted as part of the inquiry. A spokesperson for City Hall declined to comment on the cancellations, deferring comment on the raid to the Adams campaign. In July, six people were charged in a straw donor conspiracy scheme to divert tens of thousands of dollars to Adams’ campaign.

Persons: Eric Adams, Brianna Suggs, Suggs, Vito Pitta, Adams, ” Suggs, Christopher Burwell, FBI windbreakers, Nicholas Biase, –, Eric Ulrich, Ulrich, ___ Balsamo Organizations: —, New York City, Agents, Associated Press, Washington D.C, White House, City Hall, Brooklyn Borough, FBI Locations: New York, Washington, Brooklyn, New York City, Denver, Chicago, Chinatown, Sugg’s, Manhattan

☆ Dollar surges against euro on flight to safety amid Israel-Palestinian fighting
▼ + stars: | 2023-10-09 | by ( Joice Alves | ) www.reuters.com time to read: +3 min

[1/2] Euro and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. Net long positions on the dollar rose to a one-year high, according to U.S. Commodity Futures Trading Commission data released on Friday. But investors aren't expecting another hike from the Federal Reserve in November, according to CME Group data. Its inability to capitalise on healthy U.S. labour market data brings that thinking to the fore," said Paul Mackel, Global Head of FX Research at HSBC. The offshore yuan rose 0.2% to 7.2943 per dollar.

Persons: Dado Ruvic, Ulrich Leuchtmann, aren't, Paul Mackel, Joice Alves, Rae Wee, Alison Williams, Christina Fincher Organizations: U.S, REUTERS, Bank of Israel, greenback, FX, Research, U.S . Commodity Futures, Commission, Federal Reserve, Group, FX Research, HSBC, Golden, Reuters, Thomson Locations: Israel, Palestinian, Israeli, Japan, U.S, Asia, London, Singapore

Eric Ulrich rose through the ranks of city government with modest momentum, first elected as a city councilman before Mayor Eric Adams appointed him a senior adviser and, finally, his commissioner of the Department of Buildings. At each stop, prosecutors with the Manhattan district attorney’s office said on Wednesday, he used his positions to benefit friends and associates, and harvested more than $150,000 for himself. They said he reaped New York Mets season tickets, a custom suit, a painting by an apprentice of Salvador Dalí and cash for gambling. The district attorney, Alvin L. Bragg, said in a statement that Mr. Ulrich had accepted or solicited the bribes over just two years. And a court filing said that Mr. Ulrich had engaged in conduct antithetical to his oath of office “on an almost daily basis.”“At every possible turn,” Mr. Ulrich used his taxpayer-funded positions “to line his pockets,” Mr. Bragg’s statement said.

Persons: Eric Ulrich, Eric Adams, Salvador Dalí, Alvin L, Bragg, Ulrich, Mr, Eric Ulrich’s, ” Organizations: of Buildings, New York Mets Locations: Manhattan, City of New York

☆ Tech Tools That Could Help You Land Your Dream Job
▼ + stars: | 2023-09-09 | by ( Beth Decarbo | ) www.wsj.com time to read: 1 min

Journal Reports: TechnologyM.B.A. Students vs. ChatGPT: Who Comes Up With More Innovative Ideas? By Christian Terwiesch , and Karl UlrichWe put humans and AI to the test. The results weren’t even close.

Persons: Christian Terwiesch, Karl Ulrich We Organizations: Technology

CNN —The military leaders who staged a coup in Gabon have freed ousted president Ali Bongo Ondimba and he is now allowed to travel abroad, a junta spokesperson said Wednesday. Bongo has reportedly been held in house arrest since the coup in the Central African nation in late August. “Given his state of health, the former President of the Republic Ali Bongo Ondimba is free to move about. It’s not immediately clear if Bongo will leave Gabon following his release by the junta. If the ousted president leaves, he is likely to go to France where the Bongo family has a portfolio of luxury real estate.

Persons: Ali Bongo Ondimba, Bongo, “, Republic Ali Bongo Ondimba, Ulrich Manfoumbi, Gen, Brice Oligui Nguema, Abdou Abarry, …, ”, swirled, Omar Bongo, ” Bongo’s, Nguema, ” Nguema, It’s Organizations: CNN, United Nations Regional Office, Central, Gabonese Locations: Gabon, Central African, Republic, Central Africa, Libreville, Morocco, Bongo, France, United States

☆ Feeling Healthy Is So Metal: Metallica at Midlife
▼ + stars: | 2023-09-04 | by ( Chris Kornelis | ) www.wsj.com time to read: 1 min

“I can tell you that having a clear mind and a clear view and feeling strong and healthy, you can still give the drums probably more of a beating and you can kind of go up and let loose and push it as much as you ever have before,” says drummer and co-founder Lars Ulrich in an interview. Jeff Yeager

Persons: ”, Lars Ulrich, Jeff Yeager

Learn moreIf you're looking for help on where to buy Metallica tickets for their ongoing M72 World Tour, we have you covered. Metallica's M72 World Tour kicked off on April 27 in Amsterdam. Metallica 2023/2024 tour scheduleThere are still seven more concert dates across five cities in the U.S. for the second leg of Metallica's tour. Since Metallica's M72 World Tour primarily consists of two shows at each location, you can also get deals for two-day passes cheaper than buying separate tickets for those dates. Metallica's M72 World Tour features various opening acts across multiple dates.

Persons: James Hetfield, Lars Ulrich, Kirk Hammett, Robert Trujillo, Foxborough, Greta Van Organizations: Metallica, IL, Ticketmaster, Mammoth, Nine, Architects Locations: Amsterdam, Europe, North America, East Rutherford , New Jersey, StubHub, U.S, Detroit, Germany, Glendale, AZ, Indio, CA, Louis, St, MI, Detroit ,, Munich, Helsinki, Finland, Copenhagen, Denmark, Warsaw, Poland, Madrid, Spain, Foxborough, Chicago, Chicago ,, Minneapolis, Minneapolis ,, Edmonton, Canada, Seattle, WA, Seattle , WA, Mexico City, Mexico, Louis , Missouri, Michigan, Seattle , Washington, Detroit , MI, MN

A few months before he was elected mayor of New York City, Eric Adams was feted at a $1,000-a-head fund-raiser at Russo’s on the Bay, a plush wedding venue overlooking the water in Howard Beach, Queens. Among the hosts was Eric Ulrich, a city councilman whom Mr. Adams would eventually appoint as buildings commissioner. In addition to Mr. Ulrich, those facing indictment include Anthony and Joseph Livreri, who own a Queens pizzeria that has drawn the attention of prosecutors investigating gambling and organized crime activity. The Livreris were also hosts of the fund-raiser, as was Michael Mazzio, a towing-company operator and friend of Mr. Ulrich’s who is also under investigation. Law enforcement officials had previously identified Mr. Mazzio and the Livreri brothers as having connections to organized crime.

Persons: Eric Adams, Eric Ulrich, Adams, Ulrich, Anthony, Joseph Livreri, Michael Mazzio, Mr, Ulrich’s, Mazzio Locations: New York City, Russo’s, Howard Beach , Queens, Manhattan, Queens

☆ Neretva River: Scientists are fighting to save the ‘blue heart’ of Europe
▼ + stars: | 2023-08-10 | by ( Nell Lewis | ) edition.cnn.com time to read: +13 min

Bosnia and Herzegovina CNN —The Neretva River carves its way through Bosnia and Herzegovina’s impenetrable forest. The Neretva River flows 140 miles (225 kilometers) from its source in the mountains of Bosnia and Herzegovina to the Adriatic Sea in Croatia. Nell Lewis/CNN Scientists warn that hydropower plants could have a detrimental effect on the region's biodiversity. Nell Lewis/CNN Scientists, concerned about the effects of the proposed hydropower plants, gathered on the banks of the Neretva in June as part of the Save the Blue Heart of Europe campaign. This has taken its toll on wildlife, with one in three freshwater fish species threatened with extinction.

Persons: Joshua D, Lim, Marco Secchi, Ursi Seibert, Nell Lewis, Vladimir Tadic, Linda Majdanová, ”, Ulrich Eichelmann, “ It’s, ” Ulrich Eichelmann, Kurt Pinter, Pinter, it’s, ” Radomir Sladoje, “, GENT SHKULLAKU Organizations: CNN, Herzegovina CNN, Center for Environment, Center of Environment, “ Neretva Science, Science, EU, Developers, EFT Group, Neretva Science, Getty, Bern Convention Locations: Bosnia, Herzegovina, Bosnian, Balkans, Adriatic, Croatia, Mostar, Herzegovina's, Kalinovik, Neretva, Linda, “ Neretva, “, Balkan, Europe, EU, Ulog, Vienna, Austria, Albania, GENT, AFP, Bern

The findings come as support for Chancellor Olaf Scholz and his coalition slumps and the AfD capitalises on voter insecurity. German inflation has been on a downward trend, but is still much higher than the European Union's 2% target. Low and middle income households have been generally hit harder by inflation, Florian Dorn, a researcher at Ifo told Reuters. Although higher energy import prices initially drove inflation in Europe and Germany, companies were also putting up prices beyond their cost inflation, WSI analysis showed. Companies' profit inflation rose by 7% in 2022 compared to an only 3.3% rise in labour costs.

Persons: Fabian Bimmer, Chancellor Olaf Scholz, Florian Dorn, Ulrich Schneider, Der, Riham, Alexandra Hudson Organizations: REUTERS, Kantar Public, Ifo, Reuters, Workers, Companies, Alexandra Hudson Our, Thomson Locations: Hamburg, Germany, Russia, Ukraine, Europe's, Europe

REUTERS/Jonathan Ernst/File PhotoCompanies Canoo Inc FollowNikola Corp FollowAug 4 (Reuters) - The U.S. Securities and Exchange Commission fined electric vehicle company Canoo Inc $1.5 million on Friday for what the regulator alleges were reporting failures related to hundreds of millions of dollars of unreasonable revenue projections. In the run-up to the deal, Canoo (GOEV.O) had projected revenue of $120 million in 2021 and $250 million in 2022 based on deals to provide engineering services to other companies. In March 2021, the carmaker's stock tumbled 21% after it announced it would not achieve the anticipated revenue, the SEC said in court papers. The SEC said Kranz and Balciunas knew before the merger that the projects were unlikely to generate revenue. Canoo said in May it had tentatively agreed to pay a $1.5 million penalty to settle with the SEC.

Persons: Jonathan Ernst, Canoo, Ulrich Kranz, Paul Balciunas, Kranz, Balciunas, Daniel Wachtell, Nikola, Jody Godoy, Jonathan Oatis, Nick Macfie, Deepa Babington, David Gregorio Our Organizations: U.S . Securities, Exchange, SEC, REUTERS, Nikola, Exchange Commission, DraftKings Inc, Thomson Locations: Washington, Texas, New York

☆ Aston Martin Wants to Win and to Sell Cars, Too
▼ + stars: | 2023-07-28 | by ( Lawrence Ulrich | ) www.nytimes.com time to read: +1 min

Auto racing has helped sell products from Budweiser to Viagra, motor oil to Martini & Rossi, and seemingly every gasoline and cigarette brand. Now, with Formula 1 making huge inroads in the United States — supercharged by the hit Netflix documentary series “Drive to Survive” — we’ll see if it can sell Aston Martins. A “Drive to Survive” camera crew trailed behind Stroll, whose son, Lance, drives one of the team’s cars that are punching above their weight. The next trick for his father is to reverse the brand’s serially shaky fortunes and get out of Ferrari’s shadow with wealthy buyers. Outside the fancy showroom, framed by one of the largest plate-glass windows in New York City, passers-by wear out smartphones taking photos of a Valkyrie AMR Pro inside, a goblin-green alien at rest.

Persons: Rossi, Lawrence, Aston Martin Organizations: Budweiser, Martini, Formula, Netflix, Aston Martins, Aston, Aston Martin Formula, AMR Locations: United States, Manhattan, York, New York City

☆ Barbie and Ken, this summer's hottest couple, were actually named after a brother and sister
▼ + stars: | 2023-07-25 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Ruth Handler's children resented the dolls named after them and didn't buy any for their own children. The plastic dolls were actually named for a sister and brother – the children of Mattel cofounder and Barbie creator Ruth Handler. "If people did find out, she'd tell them in no uncertain terms that she was not the Barbie doll." Barbara, meanwhile, said: "I'm tired of being Barbie doll." Timm Schamberger/DDP/AFP via Getty ImagesHandler also named dolls for her children's partners and their children, including Allan, named for her son-in-law.

Persons: Barbie, Ken, Ruth Handler's, They've, Greta Gerwig's, –, Margot Robbie, Ryan Gosling –, Ruth Handler, Frederic Neema, Handler, Babs, Barbara, Barbara Millicent Roberts, Ruth, Jens, Ulrich Koch, Stache, Cyrus McCrimmon, Lobel, Blaine, Mel Melcon, Mattel Barbara, Elliott Handler, Bettmann, Barbara Handler, Handler's, Barbies . Bork, bimbo, Timm Schamberger, Allan, hadn't Organizations: Service, Mattel, Getty, Los Angeles Times, Hulton, Valentine's, Express, DDP, Getty Images, Denver, Fair Locations: Wall, Silicon, Europe, AFP, Nuremberg, Germany

A criminal investigation into the former commissioner of New York City’s Buildings Department has reached its final stages and charges are expected as soon as this week, according to three people with knowledge of the inquiry. The commissioner, Eric Ulrich, resigned in November shortly after investigators with the Manhattan district attorney’s office seized his cellphone and then interviewed him the next day. The inquiry continued after his resignation, with the prosecutors focusing on crimes related to bribery that occurred when Mr. Ulrich was still in office. A spokeswoman for the district attorney’s office declined to comment. A lawyer for Mr. Ulrich, Samuel M. Braverman, said that until he knew what the indictment contained, he would not comment.

Persons: Eric Ulrich, Ulrich, Samuel M, Braverman Organizations: Buildings Department Locations: New York, Manhattan

☆ The AI boom is screwing over Gen Z
▼ + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com time to read: +13 min

Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.

Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, —, There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune

☆ In Hong Kong, homes for the dead can be more expensive than for the living
▼ + stars: | 2023-07-07 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +8 min

Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. The wavy exterior of Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. Architect Ulrich Kirchhoff at Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. The entrance of Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. Niche compartments to store urns at Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2.

Persons: Noemi Cassanelli, Shan, Kwai Chung, Shan Sum’s, Ulrich Kirchhoff, Feng Shui, Margaret Zee, Zee, “, it’s, ” Zee, “ It’s, they’ve, Hong Kong’s, Hong Kongers, Cassanelli, Shun Sum, Pan Tong, Zee’s, Guanyin, I’m, ” Tong Organizations: Hong Kong CNN, HK, CNN, Hong Kong’s Consumer Council, Hong, Food, Environmental Hygiene Department Locations: Hong Kong, German, Kwai Chung, Kwai, Fanling, New York City, Hong, Shan

☆ Weight loss without Wegovy’s side-effects on biotech firms' radar
▼ + stars: | 2023-07-07 | by ( Maggie Fick | ) www.reuters.com time to read: +8 min

It leads to 22.5% weight loss, according to a Lilly trial published last year. The effect achieves far more weight loss than predecessors. An even earlier stage biotech firm, Antag Therapeutics in Denmark, told Reuters that the ballooning obesity market has improved its fundraising prospects. It curbs appetite by restoring the natural release of GLP-1 and other hormones, without causing nausea, Phase I data showed. The effect of the drug on weight loss is being tested in the Phase II study.

Persons: Rebecca Vogt, Handout, Wegovy, Vogt, Jayson Dallas, Noushin Irani, Mounjaro, Eli Lilly's, Lilly, Andrew Levin, Rivus, Mark Fineman, Ashish Nimgaonkar, Nimgaonkar, Alexander Sparre, Ulrich, Tim Opler, Opler, Stifel, Maggie Fick, Josephine Mason, Daniel Flynn Organizations: REUTERS, Nordisk's, Food and Drug Administration, U.S, Reuters, Rivus Pharmaceuticals, Investors, Deutsche, FDA, Pfizer, Capital Management, Rivus, Therapeutics, Johns Hopkins University, pharma, Antag Therapeutics, Aphaia Pharma, Thomson Locations: Irving , New York, U.S, GLP, Buffalo , New York, United States, Dallas, Baltimore , Maryland, Denmark, Switzerland

☆ Focus: Biotech firms target weight-loss drugs without Wegovy's side-effects
▼ + stars: | 2023-07-07 | by ( Maggie Fick | ) www.reuters.com time to read: +8 min

[1/7] Rebecca Vogt, a former user of the weight-loss drug Wegovy, poses for a photo, in Irving, New York, U.S., June 20, 2023. It leads to 22.5% weight loss, according to a Lilly trial published last year. An even earlier stage biotech firm, Antag Therapeutics in Denmark, told Reuters that the ballooning obesity market has improved its fundraising prospects. It curbs appetite by restoring the natural release of GLP-1 and other hormones, without causing nausea, Phase I data showed. The effect of the drug on weight loss is being tested in the Phase II study.

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