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☆ Golden visas attracted wealthy Americans to Southern Europe. Then their housing crisis followed.
▼ + stars: | 2024-05-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.

Persons: —, They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France

☆ Gen Z Status Symbol: Why Everyone Is Getting Botox Injections
▼ + stars: | 2024-05-02 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +9 min

The faces that hold social currency on social media — with fox-lift brows and buccal fat removed — are increasingly bleeding into real life. AdvertisementEven before the remote-work boom, writers noticed social media was shaping the way people looked. The shift from surgical procedures to minimally invasive injections has also made cosmetic work safer and more available to average people. "The gap between the identity we present on social media and the self we see in the mirror is growing," Widdows told me. As more people get cosmetic work done, the rest of us lose touch with what's normal.

Persons: it's, Z, It's, Heather Widdows, else's, Snapchat, Anne, Mette Hermans, Widdows, Gen Zers, Hermans, you've, we've Organizations: American Academy of, New Yorker, University of Warwick, American Psychological Association, Boston University School of Medicine, City University of London, Tilburg University Locations: Instagram, United States, Netherlands

☆ What the Baltimore bridge collapse means for the US economy
▼ + stars: | 2024-03-27 | by ( George Glover | Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge on Tuesday is a reminder that the economy remains vulnerable to sudden supply-chain shocks, experts say. Here's how the catastrophe could affect the economy, trade, and the city of Baltimore. "This event will have greater economic implications for the Baltimore economy than nationally," Oxford Economics' chief US economist Ryan Sweet said on Tuesday in a research note. The container ship Dali collided with a key bridge in Baltimore on Tuesday. The port of Baltimore is the busiest for "roll-on/roll-off" cargo, which includes cars, light trucks, and agricultural and construction equipment.

Persons: —, Francis Scott Key, Dali, Ryan Sweet, Michael A, McCoy, Sweet, Michael Tamvakis, Tamvakis, Ioannis Moutzouris, Moutzouris Organizations: Service, Business, Maersk, Oxford Economics, Washington Post, Getty, JPMorgan, International Monetary Fund, City , University, London's Bayes Business, Maxar, University of London Locations: Baltimore, Norfolk, New York, New Jersey, Suez

☆ Six more years of Putin will worry many countries. But not China
▼ + stars: | 2024-03-17 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

A stable relationship with Moscow, too, allows Beijing to focus on other areas of concern such as Taiwan and the South China Sea. “Xi sees Putin as a genuine strategic partner,” said Steve Tsang, director of the SOAS China Institute at the University of London, ahead of the Russian election results, adding that anything less than a landslide win for Putin would be “a disappointment” for Beijing. The Russian leader has weathered an apparent miscalculation that what his government still calls a “special military operation” in Ukraine would be a swift success. Jose Colon/Anadolu Agency/Getty ImagesWatchful BeijingBut that doesn’t mean countries tied to Moscow aren’t also watching the conflict in Ukraine carefully. That may be especially true for China, Russia’s most powerful strategic partner.

Persons: Hong Kong CNN —, Vladimir Putin’s, Xi Jinping, Xi, Putin, Jens Stoltenberg, ”, Steve Tsang, Mao Zedong, won’t, Putin’s, Kim Jong Un, Kim, Kim Jong, Sergei Shoigu, Yevgeny Prigozhin, he’s, Alexey Navalny, –, BRICS, Jose Colon, Moscow aren’t, “, Eurasia Li Hui, Wang Yiwei, Putin –, Li Organizations: Hong Kong CNN, Ukraine grinds, Kremlin, NATO, Washington, SOAS China Institute, University of London, Putin, Russia's, KCNA, Reuters, United Arab Emirates, Russian, Anadolu Agency, Getty, Moscow, Renmin University, Beijing, CNN Locations: China, Hong Kong, Russia, Taiwan, Beijing, Moscow, South China, North Korea, Russia’s Far, Washington, Pyongyang, South Korea, Iran, India, Ukraine, Vladivostok, Russian, United States, Brazil, South Africa, UAE, Ethiopia, Egypt, Russia’s Kazan, Crimea, Sochi, West, Israel, Gaza, Ukrainian, Eurasia, Europe, Beijing –

☆ Microplastics have been linked to a higher risk of heart attacks and stroke for the first time
▼ + stars: | 2024-03-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

People with microplastics in their plaque were more likely to have a heart attack or stroke. This is the first time microplastics have been linked to health problems in humans. AdvertisementPeople who had microplastics in their blood vessels in a study were more likely to have a heart attack, stroke, or die earlier than those who didn't. Younger men were more likely to have microplastics in their plaqueIt's important to note that the findings don't prove that microplastics cause heart attacks and strokes but rather suggest a link between the two. This might suggest that microplastics in the bloodstream exacerbate inflammation, which increases the risk of heart attacks and stroke, study author Francesco Prattichizzo told New Scientist.

Persons: Microplastics, —, Raffaele Marfella, University of Campania Luigi Vanvitelli, Marfella, Francesco Prattichizzo, Vahitha Abdul Salam, Abdul Salam Organizations: microplastics, Service, New England, of Medicine, University of Campania, New, Queen Mary University of London Locations: microplastics, Mount Everest, Naples, Italy

☆ Nikki Haley is a lighting rod for dissatisfied Republicans, professor says
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNikki Haley is a lighting rod for dissatisfied Republicans, professor saysInderjeet Parmar, professor with the department of international politics at the City University of London, talks about the Super Tuesday and a potential split in the Republican party.

Persons: Nikki Haley, Inderjeet Parmar Organizations: City University of London, Republican

☆ Star dunes: Ancient find helps scientists unravel secrets of mysterious sand structures
▼ + stars: | 2024-03-04 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

Using radar scans and analysis of sand grains buried deep inside the star dune, scientists mapped the mound’s internal structure. “It’s moving about half a meter per year,” demonstrating that star dunes are about as active as most other dunes, Duller told CNN. A mystery solvedThe new findings also addressed a longstanding mystery for geologists: Where is all the ancient evidence of star dunes? Star dunes are so big; perhaps eroded parts of their preserved structures were previously identified as standalone remnants of other types of dunes, the study authors reported. “The fact that star dunes have not been identified very much in the stratigraphic record may partly be because many geologists were not very much aware of star dunes and only knew about longitudinal dunes and barchans (crescent-shaped dunes),” Goudie said.

Persons: ” Andrew Goudie, Goudie, ”, Geoff, “, Lala Lallia, Charles Bristow, ” Bristow, Chebbi, Charlie Bristow, Bristow, ” Goudie, ” Mindy Weisberger Organizations: CNN, University of Oxford, Aberystwyth University, sedimentology, Birkbeck College, University of London, University of London's Birkbeck, Google, Scientific Locations: Erg Chebbi, Morocco, United Kingdom, Wales, Aberystwyth, Scotland

☆ Spending in Shenzhen: Chinese used to escape to this former British colony. Now Hongkongers are heading in the opposite direction
▼ + stars: | 2024-02-24 | by ( Chris Lau | Veronica Lin | ) edition.cnn.com time to read: +13 min

Hong Kong CNN —With Hong Kong’s sky-high cost of living, residents like Andy Tsui have been looking for alternative ways to have more fun and spend less. Rather than spending his cash in his hometown of Hong Kong, he’s been crossing the border into mainland China to splurge instead. Such trips are noteworthy because, for much of Hong Kong’s modern history, the traffic has been largely — conspicuously, even — in the other direction. Hong Kong used to be the place where Chinese would escape to, not from. In 2023, just 26 million mainlanders — about half of the 2018 crowd — visited Hong Kong.

Persons: Andy Tsui, he’s, boba, ” Tsui, Justin Robertson, Noemi Cassanelli, CNN Hong Kong’s, Hong Kong —, misbehaving, —, ”, Steve Tsang, Hong, Shenzhen’s, Hongkongers, Gilles Sabrie, Hongkonger Eddy Lam, Lam, Cherrie Leung, Qilai Shen, Hugo Sin, “, Gary Ng, John Lee, Tsang Organizations: Hong Kong CNN, CNN, Shoppers, Yuen, Britain, Newspapers, Hong, Hong Kong Immigration Department, China Institute, SOAS University, Huawei, Tencent, Bloomberg, Getty, Sam’s Club, Costco, Sam’s, Walmart, Hong Kong, Shenzhen hasn’t, Xinhua, RTHK, SOAS University of London Locations: Hong Kong, China, splurge, Peking, Shenzhen, East, Hong, People’s Republic of China, British, Beijing, London, Bay Area, San Francisco , New York, Tokyo, Kowloon, Coco, Shanghai, “, Inner Mongolia, Taiwan, Japan, Mainland China, Hong Kong’s, Britain, Canada, Australia, Bay, ”

☆ AI ‘resurrects’ long dead dictator in murky new era of deepfake electioneering
▼ + stars: | 2024-02-12 | by ( Heather Chen | ) edition.cnn.com time to read: +7 min

“As a member of Golkar, I am very proud of Suharto because he successfully developed Indonesia,” Aksa wrote on X. The Golkar-produced Suharto video was just one of dozens featured in official party campaigns, they said. AI photos made by supporters, have also been used by Ganjar’s party in his campaign. Indonesia’s Communications Ministry issued advisories following several viral AI videos, warning tech companies and voters to be cautious of deepfakes. TAPP (Tim Advokasi Peduli Pemilu), a Jakarta-based nonprofit, said that videos like the Suharto deepfake showed AI’s potential for voter manipulation.

Persons: Suharto, ”, Erwin Aksa, Golkar –, Prabowo Subianto, –, ” Aksa, Golda Benjamin, Ganjar, Darryl Ramadhan, Muhammad Zulfan Dalimunthe, ” Budisatrio, Prabowo’s, Ganjar Pranowo, Anies Baswedan, Anies, ” Anies, TAPP, Tim Advokasi Peduli, Suharto deepfake, Gugum Ridho, Rahmat Pribadi, Suharto Suharto’s, Soe Tjen, Anton Pratama, “, ” Anton Organizations: CNN, Facebook, YouTube, Golkar, Asia Pacific, ”, Gerindra Party, Central Java Gov, Ganjar’s Democratic Party of, Jakarta Gov, Indonesia’s Communications Ministry, Getty, SOAS University of London Locations: Indonesia, Indonesian, Asia, Jakarta, Lubuk Pakam, North Sumatra, AFP, Gugum Ridho Putra, East Timor, Aceh, West Papua, Maluku, Yogyakarta

☆ Saturn’s ‘Death Star’ moon is hiding an internal ocean, scientists say
▼ + stars: | 2024-02-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers have uncovered additional evidence that one of Saturn’s smallest moons, Mimas, is hiding a global ocean beneath its icy surface. Discovered in 1789 by English astronomer William Herschel as a tiny dot near Saturn, Mimas was first imaged from space by the Voyager probes in 1980. Craters cover the surface of Mimas, but the largest one is 80 miles (about 130 kilometers) across and causes the moon to resemble the Death Star from the “Star Wars” films. But Saturn’s Enceladus appears younger because active geysers have contributed to resurfacing, or depositing of new, fresh material on that moon’s surface. “Mimas certainly demonstrates that moons with old surfaces can be hiding young oceans, which is pretty exciting,” Rhoden said.

Persons: Mimas, Cassini, William Herschel, Observatoire, Dr, Valéry Lainey, Lainey, ”, Nick Cooper, Saturn, ” Lainey, “, Triton, Frédéric, ” Cooper, “ Lainey, Matija Ćuk, Alyssa Rose Rhoden, Rhoden Organizations: CNN —, Saturn, Voyager, “, Physical, Chemical Sciences, Queen Mary University of London, NASA, Clipper, SETI Institute, Southwest Research Locations: Paris, California, Colorado

CAPE CANAVERAL, Fla. (AP) — Astronomers have found the best evidence yet of a vast, young ocean beneath the icy exterior of Saturn’s Death Star lookalike mini moon. Barely 250 miles (400 kilometers) in diameter, the heavily cratered moon lacks the fractures and geysers — typical signs of subsurface activity — of Saturn’s Enceladus and Jupiter’s Europa. Photos You Should See View All 45 ImagesThe ocean is believed to fill half of Mimas’ volume, according to Lainey. But at the seafloor, he said the water temperature could be much warmer. Co-author Nick Cooper of Queen Mary University of London said the existence of a “remarkably young” ocean of liquid water makes Mimas a prime candidate for studying the origin of life.

Persons: Cassini, “ Mimas, ”, Valery Lainey, Alyssa Rose Rhoden, Nick Cooper, William Herschel, Mimas Organizations: —, Paris Observatory, Star, “ Star, Research, Queen Mary University of London, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla

Now, hundreds of migrants from the Middle East and Africa have appeared at Finland's border from Russia, seeking entry into the Nordic country. They accuse Russia of driving the migrants to the border to sow discord as payback for Finland's membership in NATO. Finnish authorities quickly closed four checkpoints and then three more, leaving just one Arctic crossing point open for asylum-seekers. Finland also asked for help from EU border agency Frontex, which said it would send dozens of officers and equipment as reinforcements to the Finnish border. The Kremlin denies encouraging the migrants, and says it regrets the Finnish border closures.

Persons: Elina Valtonen, Petteri Orpo, Maria Zakharova, Valtonen, Russia’s, ”, Klaus Dodds, ” Dodds, Ylva Johansson, Sauli Niinistö, Alexander Lukashenko, Evika Siliņa, Siliņa, Lukashenko, Vladimir Putin, “, Geert Wilders, Orpo’s, Vanessa Gera Organizations: HELSINKI, —, NATO, Nordic, Associated Press, HOW, EU, Frontex, Russian Foreign Ministry, Royal Holloway, University of London, VU EU Home Affairs, Belarus —, Latvian, AP, Poland’s, Guard Locations: Finland, Russia, East, Africa, Syria, Yemen, Somalia, Iraq, Afghanistan, Finnish, FINLAND, Helsinki, Belarus, Europe, Moscow, Ukraine, Poland, Lithuania, Latvia, Baltic, Netherlands, Finns, Lapland, Murmansk, Warsaw

[1/8] Waste from international clothing brands is stored before being used to fuel kilns at a brick factory on the outskirts of Phnom Penh, Cambodia November 17, 2023. It found pre-consumer garment waste including fabric, plastic, rubber, and other materials from the brands was being burned at seven factories. The factories were burning garment waste to save on fuel costs, it said. Brick factory workers reported regular migraines, nosebleeds, and other illnesses, the UK report said. LPP said it was unaware its textile waste was being burned in brick kilns, and has contacted its agents responsible for placing orders in Cambodia.

Persons: Lululemon, Co's, Betty, Tilley Endurables, Armour, Lidl, LICADHO, LPP, Tilley, Clare Baldwin, Helen Reid, Katherine Masters Organizations: Cambodian League, Promotion, of Human, REUTERS Acquire, Adidas, Walmart, The Cambodian League, of Human Rights, Reuters, UNDP, Royal Holloway, University of London, Navy, Lidl Stiftung, Reebok, Venus, World, Cambodian Ministry of Environment, Sarom Trading, Thomson Locations: Phnom Penh, Cambodia, Cambodian, Kandal

Nov 20 (Reuters) - Rivian Automotive (RIVN.O) said on Monday that CEO RJ Scaringe would directly oversee all product development effective immediately as the electric-vehicle maker gears up to unveil and launch its smaller and cheaper vehicle family. Chief Product Development Officer Nick Kalayjian would move to the role of executive vice president, vehicle engineering and propulsion before transitioning to an advisory role, the company said. "It's a big year for product for Rivian, so RJ is doubling down on the introduction of our new technologies in 2024 and the design and development of R2," a spokesperson for Rivian told Reuters. The company's product reporting structure will include software, autonomy, design, vehicle, electrical, propulsion and programs categories, Rivian said. "I know that (Scaringe) spending more time working with our product teams will create significant value for all of us and our shareholders," Kalayjian, who joined Rivian in 2020, said in another internal email seen by Reuters.

Persons: RJ Scaringe, Nick Kalayjian, Rivian, Nick, Scaringe, Tesla, Elon Musk, Kalayjian, Abhirup Roy, Bhanvi, Shilpi Majumdar, Bill Berkrot Organizations: Rivian, RJ, Reuters, General Motors, Ford, Thomson Locations: Rivian, San Francisco, Bengaluru

Analysts attended earnings calls in the third quarter armed with questions for healthcare and consumer companies about the potential effect on their sales from the growing popularity of these drugs, known as GLP-1 agonists. A Reuters analysis of earnings transcripts for the third quarter showed "GLP-1" or alternatives like "obesity" or "weight-loss medications" were mentioned 256 times across 29 U.S. and European healthcare and consumer companies. That's more than double the mentions for the second quarter, when those phrases came up 127 times. While some consumer companies have talked about factors such as fewer calories being consumed, "these kind of large extrapolations" seem to be a bit of a stretch, said BMO Capital analyst Evan Seigerman. For big pharma manufacturers like Pfizer (PFE.N) and Amgen (AMGN.O), analyst questions were aimed at their obesity drug candidates.

Persons: Lilly, George Frey, Jeff Jonas, it's, Eli Lilly's, John Furner, Mondelez, Eli Lilly, Evan Seigerman, LVMH, Rajesh Kumar, Jonas, Bhanvi Satija, Savyata Mishra, Arpan Varghese, David Gaffen, Shounak Organizations: Novo Nordisk, Pharmacy, REUTERS, Gabelli, Novo, Walmart, Walmart U.S, Hershey, Truist Securities, Krispy, BMO Capital, Danish, pharma, Pfizer, Devices, HSBC, Thomson Locations: Provo , Utah, U.S, United States, Novo, Bengaluru

☆ Maybe, finally, Musk won't get away with it after calling an antisemitic post 'the actual truth'
▼ + stars: | 2023-11-17 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +7 min

"You have said the actual truth," Musk told a user who criticized "western Jewish populations." On Wednesday, Musk responded to an antisemitic post by a verified X user, @breakingbaht, with the words "You have said the actual truth." Why dont you say it to our faces… pic.twitter.com/WGkwTrXyTF — Charles Weber (@CWBOCA) November 15, 2023Another X user, @breakingbaht, replied to this post: "Okay. The ADL unjustly attacks the majority of the West, despite the majority of the West supporting the Jewish people and Israel. Commenting directly on the Musk exchange, ADL CEO Jonathan Greenblatt wrote on X that it was "indisputably dangerous" for influential people "to validate and promote antisemitic theories."

Persons: Elon Musk, Musk, Rich, he's, —, Charles Weber, Hitler, WGkwTrXyTF — Charles Weber, I'm, Elon, — Elon, Ben Gidley, Gidley, It's, " Gidley, Jonathan Greenblatt, Dustin Moskovitz, Muskovitz, Ross Gerber, Kristin Hull, Hull Organizations: Service, NFL, Foundation, Combat, Defamation League, ADL, Birkbeck , University of London, Facebook, Bloomberg, IBM Locations: Israel, Gaza

The logo of Lilly is seen on a wall of the Lilly France company unit, part of the Eli Lilly and Co drugmaker group, in Fegersheim near Strasbourg, France, February 1, 2018. REUTERS/Vincent Kessler Acquire Licensing RightsNov 17 (Reuters) - Retail flows into Eli Lilly (LLY.N) spiked to a more than two-year high in November, as small investors rushed to buy the stock after the U.S. pharma major received a highly anticipated approval for its weight-loss drug Zepbound. Lilly and Novo Nordisk (NOVOb.CO) - seen as leaders in a potential $100 billion obesity treatment market - have helped rekindle retail investor interest in the healthcare sector. "During the COVID period, retail investors were piling into healthcare because of the vaccines and after that there was a bit of a hangover of purchases. Reuters GraphicsRetail investors are now "catching up" with institutional investors, said Sel Hardy, vice president of equity research at CFRA.

Persons: Lilly, Eli Lilly, Vincent Kessler, Zepbound, Marco Iachini, Hardy, JPMorgan Chase, Vanda, Ozempic, drugmakers, Iachini, Bhanvi Satija, Sriraj Organizations: REUTERS, U.S . pharma, Vanda Research, Novo Nordisk, Graphics Retail, Sel Hardy, JPMorgan, BlackRock, AMC, Thomson Locations: Lilly France, Fegersheim, Strasbourg, France, U.S, Bengaluru

☆ Bone bite marks reveal dinosaur predator-prey dynamics
▼ + stars: | 2023-11-16 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

But in general, predators probably steered well clear of them," Hone added. But they were dwarfed by adult sauropods reaching perhaps 50 tons. Bites were detected on sauropod bones belonging to Camarasaurus, Galeamopus and Suuwassea as well as bones probably but not definitively belonging to Diplodocus, Apatosaurus and Brachiosaurus. The fact that theropods appear to have avoided hunting adult sauropods does not mean sauropods were not on the menu. The researchers noticed high levels of wear on fossilized teeth of theropods that did not correspond to the rarity of bites on adult sauropod bones.

Persons: Charles Platiau, David Hone of, Hone, Mathew Wedel, wouldn't, Wedel, Will Dunham, Rosalba O'Brien Organizations: REUTERS, Rights, David Hone of Queen Mary University of London, Western University of Health Sciences, Thomson Locations: Wyoming, Paris, France, North America, California, United States, Camarasaurus, Diplodocus, Morrison

Prime Minister Rishi Sunak’s dramatic shake-up of his cabinet on Monday was a bold gamble that tacking to the center will give him a lift in the polls that his lurch to the populist right this summer failed to accomplish. But as Britain’s political establishment digested the news — the return of a more centrist former prime minister, David Cameron, and the ouster of a hard edged home secretary, Suella Braverman, who lashed out at Mr. Sunak on Tuesday — analysts said the prime minister’s pivot smacked of a politician casting about for an identity. Far from a winning electoral formula, some predict that the reshuffle could fracture the coalition that delivered a landslide victory for the Conservative Party in 2019. By trying to shore up the party’s traditional heartland in the south of England, they said, Mr. Sunak risked alienating the working-class voters in the “red wall,” who once flocked to the Tory slogan, “Get Brexit done.”“It doesn’t make any more sense than most of Sunak’s moves since the summer,” said Timothy Bale, a professor of politics at Queen Mary University of London. “And it’s unlikely to make a blind bit of difference to his chances of turning things around before the general election.”

Persons: Rishi, David Cameron, Suella Braverman, Sunak, ”, “, Timothy Bale Organizations: Conservative Party, Queen Mary University of London Locations: England

"David Cameron was a disastrous PM. Britain's former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. "David Cameron was at the heart of the biggest lobbying scandal of recent times," said the Liberal Democrat party's foreign affairs spokesperson Layla Moran. "I understand there's a lot of baggage that comes with David Cameron," Conservative lawmaker Tobias Ellwood told Times Radio. Theresa May, who replaced Cameron as prime minister before being ousted herself amid a party rebellion over Brexit three years later, said his experience would be invaluable.

Persons: David Cameron, Rishi Sunak, Sunak, Cameron, Vladimir Putin, Xi Jinping, Steve Tsang, David Lammy, Suzanne Plunkett, Layla Moran, Akshata Murthy, Tobias Ellwood, Dehenna Davidson, Theresa May, Martin Pollard, Alex Richardson Organizations: Downing, European Union, Conservative Party, China Institute, SOAS University of London, Reuters, Labour Party, REUTERS, Conservative, Liberal Democrat, Eton College, Times Radio, Thomson Locations: European, Britain, China, Beijing, London, Downing

A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Still, the Maryland-based biotech, which has been banking on cost cuts and commercial sales of its retooled COVID shot to help it stay afloat, reiterated its "going concern warning". The company expects the 2023-2024 U.S. market for COVID shots to be between 30 million and 50 million doses. The company's updated COVID shot, using a more traditional technology than the mRNA-based vaccines of rivals Pfizer (PFE.N) and Moderna (MRNA.O), was authorized in the U.S. in October. Novavax missed out on the COVID vaccine windfall that benefited rivals due to manufacturing issues that delayed its filing for approval when the pandemic was raging.

Persons: Dado Ruvic, Novavax, Jim Kelly, John Jacobs, Jacobs, Bhanvi, Patrick Wingrove, Sriraj Kalluvila, Bill Berkrot Organizations: REUTERS, U.S, Department of Health, Human Services, Pfizer, Moderna, Thomson Locations: Maryland, U.S, United States, Bengaluru, New York

"It's pretty simple - you can't make a big business decision today without a geopolitical perspective," Orszag said in an interview at the Reuters NEXT conference in New York. Lazard has a geopolitical advisory unit that analyzes world events and their potential impact on clients' businesses. Orszag set an ambitious goal of doubling the investment bank's revenue by 2030. Some investment banks have laid off thousands of employees and cut other costs after several quarters of lethargic dealmaking. [1/5]Peter Orszag, CEO of Lazard, speaks with Reuters journalist Lananh Nguyen during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Persons: Peter Orszag, Orszag, Lazard, lethargic, Lananh Nguyen, Brendan McDermid, dealmaking, Brian Moynihan, Obama, We're, Leela de Kretser, Mark Porter, Emelia Organizations: Reuters NEXT, Wall, Reuters, REUTERS, Bank of America, reuters, Thomson Locations: China, Ukraine, New York, New York City , New York, U.S

The FDA approved tirzepatide for weight loss under the brand name Zepbound. It has been available as Mounjaro for type 2 diabetes since 2022 and had increasingly been used "off-label" for weight loss while the obesity approval was pending. Zepbound will be available in the U.S. by the end of the year at a list price of $1,059.87 a month, according to Lilly. That compares with a list of $1,349 per-package for Novo Nordisk's (NOVOb.CO) wildly popular weight-loss drug Wegovy. After Wednesday's FDA approval, Lilly can now promote the drug for weight loss.

Persons: Eli Lilly, Mike Segar, Eli Lilly's, ” John Sharretts, Lilly, Morningstar, Damien Conover, Conover, drugmaker, Robert Kushner, Mounjaro, Patrick Wingrove, Leroy Leo, Bhanvi, Shinjini Ganguli, Bill Berkrot Organizations: Company, REUTERS, U.S . Food, Drug Administration, U.S, FDA, FDA’s Center, Drug, Research, Novo Nordisk's, Reuters, Northwestern University Feinberg School of Medicine, Thomson Locations: Branchburg , New Jersey, U.S, Indianapolis, United States, New York, Bengaluru

Paxlovid, Pfizer's anti-viral medication to treat the coronavirus disease (COVID-19), is displayed in this picture illustration taken October 7, 2022. Sales of Paxlovid and the vaccine Pfizer makes with German partner BioNTech (22UAy.DE) had boosted revenue to record levels the last two years. Reuters GraphicsPfizer continues to expect 2023 revenue growth of 6%-8% from non-COVID products, with a majority occurring in the second half. Paxlovid sales slumped 97% in the third quarter to $202 million, while vaccine revenue of $1.31 billion was down from $4.4 billion a year earlier. Analysts had expected $1.44 billion for the vaccine and $618.20 million from Paxlovid, according to LSEG data.

Persons: Wolfgang Rattay, Evan Seigerman, BioNTech, Albert Bourla, Angela Hwang, Paxlovid, Bhanvi Satija, Michael Erman, Sriraj Kalluvila, Bill Berkrot Organizations: REUTERS, Pfizer, BMO Capital, Reuters Graphics Pfizer, GSK, CVS, Analysts, U.S ., Thomson Locations: Europe, Paxlovid, Bengaluru, New York

☆ A financially independent 24-year-old who has built multiple businesses around Amazon explains the 3 different tiers of selling there — including the low-cost strategy anyone can use to start making m
▼ + stars: | 2023-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

He earns money selling products on Amazon, from brand deals, affiliate links, and YouTube ads, and through his coaching program. Like arbitrage, you aren't building your own product; you're simply reselling an existing product but you're spending more money upfront on inventory. To make sure the product isn't a private label product, look at the listing page for a "buy box" that shows other sellers. If there aren't multiple sellers, "it's likely a private label product," said Naran. Private labelThe third tier, starting a private label brand, is the most time-consuming and costly, but has the most upside.

Persons: Jatin Naran, he'd, he's, Wholesaling, Naran, I'm Organizations: University of London, Amazon Locations: London, Alibaba

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