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Novo Nordisk said Tuesday that its Wegovy weight loss treatment has been approved in China for long-term weight management, opening up the blockbuster drug for sale in the world's second largest economy. China's National Medical Products Administration "recently" approved the weekly injectable drug, Novo Nordisk said in a press release on the Chinese version of its website, according to Google translate. Novo Nordisk did not immediately respond to CNBC's request for further information on the proposed pricing and rollout timeline of the drugs. The company's Ozempic diabetes drug was approved in 2021 and saw sales in the greater China region double last year. On Monday, Novo Nordisk announced it is investing $4.1 billion to expand its manufacturing in the U.S.
Persons: , Eli Lilly Organizations: Novo Nordisk, Medical Products Administration, Google, Reuters, National Health Commission, U.S Locations: China, Danish, London, Clayton , North Carolina
FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue. FedEx further expects the demand environment to moderately improve through the next fiscal year, according to Carere. Investor's eyes are also on the company's largest segment Express, which has been struggling with margin growth the past year. Subramaniam said improving performance of the Express segment is a "top priority" for the company. USPS was the largest customer for the company's Express segment.
Persons: Brie Carere, Carere, Raj Subramaniam, Subramaniam, John Dietrich Organizations: FedEx, LSEG, Services, Federal Express Corporation, U.S . Postal Service, United Parcel Service, UPS, USPS Locations: United States
“A high risk of famine persists across the whole of the Gaza Strip as long as conflict continues and humanitarian access is restricted,” the report said. The Rafah crossing – a key transitway for humanitarian aid to Gaza – has been closed since early May, and only a handful of other land crossings remain open. Humanitarian aid workers continue to face tremendous risks to try to distribute the desperately needed aid to Gaza. “The humanitarian space in the Gaza Strip continues to shrink and the ability to safely deliver assistance to populations is dwindling,” the report said. “The humanitarian situation is deteriorating rapidly, and the specter of famine continues to hang over Gaza,” Phillips-Barrasso told CNN.
Persons: , Gaza –, Netanyahu, Joe Biden, Israel, Matthew Miller, dory, it’s, , Cindy McCain, “ There’s, It’s, Kate Phillips, ” Phillips, Barrasso, Philippe Lazzarini Organizations: CNN, Hamas, Integrated, IPC, , Food, Mercy Corps, , UNRWA Locations: Gaza, Israel, Rafah, United States
Nvidia (NVDA) is finally showing signs of profit-taking, suggesting that the entire technology sector might be ready for a breather. This could present many bearish trading setups in various stocks because of the influence Nvidia has had leading the AI bubble. For now, let's focus on making a bearish trade in the Invesco QQQ Trust , an ETF that tracks the Nasdaq 100 index. The Trade The trade structure I have chosen here is called a Bear Call Spread also known as a Call Credit Spread. As long as QQQ stays below $483 in the next 17 days, this trade will return a 38% ROI on the money risked.
Persons: Nishant Pant Organizations: Nvidia, Trust, CNBC, NBC UNIVERSAL
The three-bedroom property, built in 1924, listed earlier this month is worth $1.8 million but is currently priced at $488,000, according to The San Francisco Standard. The property will be sold as is, meaning the new owners will become the current tenants' new landlords. The San Francisco metro area is one of the most expensive place to live. To afford life in a big city like San Francisco, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis. The unusual sale is partly due to a family feud, according to The San Francisco Standard.
Persons: you'd, Sandra Lee, Cheryl Lee, Todd Lee, Sandra, didn't, Lee Organizations: San Francisco, San Francisco Standard, North, CNBC Locations: San Francisco's, San Francisco, Russia Hill
He was among the more than 1,300 pilgrims who died during this year’s Hajj as temperatures in Saudi Arabia reached record levels. The tragedy, resulting in one of the highest Hajj death tolls in years, has brought attention to the shadowy industry of unauthorized pilgrimage agents. It is unclear how many unauthorized pilgrims made it to this year’s Hajj, but Saudi news outlet Al Sharq Al Awsat reported Tuesday that 141,000 such pilgrims received free medical treatment during the Hajj season. Clamping down on unauthorized pilgrimageBefore this year’s Hajj season started, Saudi authorities warned pilgrims against using agents selling unauthorized Hajj packages and had been in contact with other governments in an effort to crack down on the trend. Authorities had also arrested some illegal agents and issued warnings about penalties for those found to assist unauthorized pilgrims.
Persons: Cairo CNN —, Mahmoud, Salem, , Abdelzaher Abdo Salem, Om Waleed, Abdelzaher, Mount Arafat, Salem’s, ” Mahmoud, , Atef, , ” Aglan, Aglan, Al Sharq Al Awsat, Hania Hassan Salama, Salama, Mustafa Mohammed, Ahmad, General Muhammad bin Abdullah Al, Rafiq Maqbool Organizations: Cairo CNN, Al, Ma’aisam, Saudi, Egyptian Travel Agents Association, CNN, Hajj, Authorities, Public Security, Hajj Security Locations: Cairo, Abdo Salem, Mecca, Egypt, Saudi Arabia, Salem, Abdelzaher, Mount, Mina, , AFP, Saudi, Medina , Saudi Arabia
Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the EU's executive arm, also said it had opened a new probe into Apple into new contractual terms with developers. Under the DMA, tech firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store. The regulators also said that the fees Apple charges developers for the initial acquisition of new customers via the App Store "go beyond what is strictly necessary." The steering rules were also a focus in that investigation.
Persons: Apple Organizations: Nurphoto, Getty, Apple, European Commission, EU, Digital Markets, Big Tech, CNBC, Commission, Regulators Locations: U.S
UPS shares were unchanged in premarket trading. Planet Fitness — The budget-friendly gym chain climbed 3.1% after TD Cowen named the stock a top pick and raised its rating to buy from hold. Affirm — The buy-now-pay-later stock jumped 3.2% on the heels of Goldman Sachs' initiation at a buy rating. IBM — The legacy tech giant moved 1.4% higher after Goldman Sachs initiated coverage with a buy rating. Cinemark — Shares popped 3.3% after Roth MKM upgraded the American movie theater chain to buy from neutral, citing "meaningful box office improvement."
Persons: Eli Lilly — ResMed, Eli Lilly's, Eli Lilly, Jefferies, TD Cowen, Goldman Sachs, Goldman, Roth MKM, , Michelle Fox, Sarah Min, Jesse Pound Organizations: Coyote Logistics, UPS, RXO, Coyote, Nvidia, Carrier, Citi, Ferrari —, UBS, Anheuser, Busch InBev —, IBM
The European Commission has accused Apple of stifling competition with its App Store policies. Regulators say Apple is in breach of new tech rules by restricting alternative app promotions. AdvertisementThe European Commission has accused Apple of stifling competition with its App Store. The European regulators said Apple was in breach of new tech rules, known as the Digital Markets Act (DMA), as the company prevents app developers from steering customers to App Store alternatives. Under the European rules, developers should be able to freely inform customers of cheaper purchasing options and steer them toward the offers.
Persons: Apple, Organizations: European, European Commission, Apple, Service, Digital Markets, Business
Read previewAn oncologist shared for things he does to lower his risk of developing cancer amid rising rates in young adults. The vast majority (88%) of people who develop cancer are over 50, and survival rates have improved in recent decades, according to the American Cancer Society. We know certain risk factors for some cancers, such as smoking, which increases the risk of developing lung cancer. Exercises every dayExercising regularly can help reduce your risk of developing cancer. Doesn't smoke"There is a strong link between smoking and developing lung or bladder cancer," Landau said.
Persons: , Daniel Landau, who's, Asbestos.com, Landau, Tejal Parekh Organizations: Service, American Cancer Society, Oncology, Business, British, of Sports Medicine, University of Gothenburg, Centers for Disease Control
Sentono had registered for the Hajj in 2018 and traveled to Mecca with his 83-year-old wife and neighbors from the Indonesian city of Yogyakarta, Jumartiyah said. Some 241,000 Indonesian pilgrims were scheduled to make the journey to Mecca this year, according to Indonesian officials – the country’s largest ever quota. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record 125 degrees Fahrenheit (51 Celsius) on Monday. “Everybody is affected by deadly heat and sadly I am not surprised by (the Hajj) death toll,” he added. “Spending time outdoors in the extreme Mecca heat is risking death … so I am afraid there will be more deadly Hajj pilgrimages in the future.”
Persons: Heru Jumartiyah, Ngatijo Wongso Sentono, , Sentono, Jumartiyah, , ” Jumartiyah, Pariyem, , CNN ‘, Ahmad, Maximiliano Herrera, ” Herrera Organizations: CNN, Saudi, Indonesian Ministry of Religious Affairs Locations: Indonesian, Mecca, Indonesia, Mina, Yogyakarta, Hajj, Saudi, Saudi Arabia,
More than 1,300 people died during this year's Hajj pilgrimage in Saudi Arabia as the faithful faced extreme high temperatures at Islamic holy sites in the desert kingdom, Saudi authorities announced Sunday. All but 31 of them were unauthorized pilgrims, according to two officials in Cairo. Egypt has revoked the licenses of 16 travel agencies that helped unauthorized pilgrims travel to Saudi Arabia, authorities said. Those agencies left pilgrims in limbo in Mecca and the holy sites in scorching heat, the newspaper said. AP journalists saw pilgrims fainting from the scorching heat, especially on the second and third days of the Hajj.
Persons: Fahd bin Abdurrahman, Jalajel, Egypt's, Mina Organizations: Sunday, Saudi Health, Saudi, Saudi National Center for Meteorology, Massachusetts Institute of Technology Locations: Mecca, Saudi Arabia, Saudi, Riyadh, Cairo . Egypt, Mecca's Al, Muaisem, Egypt, Ahram, Indonesia, India, Jordan, Tunisia, Morocco, Algeria, Malaysia, U.S, Islam
Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office. "Inside Out 2" has yet to open in Japan, which contributed nearly $33 million to the $850.5 million global total of the first film in 2015. Before "Inside Out 2," no Disney animated feature from Pixar or Walt Disney Animation had generated more than $480 million at the global box office since 2019. "'Inside Out 2's' performance is the culmination of many things," said Shawn Robbins, founder and owner of Box Office Theory. Last year, that audience came out in droves for Universal's "The Super Mario Bros. Movie," which generated more than $1.36 billion at the global box office.
Persons: Phyllis Smith, Amy Poehler, Paul Dergarabedian, Shawn Robbins, Mario, Robbins, NBCUniversal Organizations: Disney, Warner Bros, Pixar, Walt Disney Animation, Force, Mario Bros, Comcast, CNBC Locations: Japan, NBCUniversal
Read previewAn oncologist shared for things he does to lower his risk of developing cancer, amid rising rates in young adults. The vast majority (88%) of people who develop cancer are over 50, and survival rates have improved in recent decades, according to the American Cancer Society. We know certain risk factors for some cancers, such as smoking which increases the risk of developing lung cancer. Exercises every dayExercising regularly can help reduce your risk of developing cancer. Doesn't smoke"There is a strong link between smoking and developing lung or bladder cancer," Landau said.
Persons: , Daniel Landau, Asbestos.com, Landau, Tejal Parekh Organizations: Service, American Cancer Society, BMJ Oncology, Business, British, of Sports Medicine, University of Gothenburg, Centers for Disease Control
A San Francisco home that is listed for $488,000 is valued at more than triple that. San Francisco is famously expensive, and bargain properties rarely come up. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA three-bedroom home in San Francisco is up for sale for $488,000. According to The San Francisco Standard, the home is worth about $1.8 million — more than triple what it's on the market for.
Persons: Organizations: Service, San Francisco Standard, Business Locations: Francisco, San Francisco
CNN —The Egyptian government will revoke the licenses of 16 Hajj tourism companies involved in making illegal pilgrimages to Mecca and refer the company’s managers to the public prosecutor amid fears hundreds of Egyptians could have died in this year’s Hajj. The decision was made in a cabinet meeting on Saturday after a report highlighted the dubious nature of how some tourism companies operate. The official toll among Egyptians stands at 31, but it is being reported by Reuters news agency and other outlets that as many as 500 to 600 Egyptians died during the pilgrimage. A CNN tally puts the total dead from Hajj at nearly 500 but the figure is likely to rise. Muslim pilgrims perform the farewell circumambulation or "tawaf", circling seven times around the Kaaba, Islam's holiest shrine, at the Grand Mosque in the holy city of Mecca.
Persons: Mostafa Madbouly, , Ahmed Organizations: CNN, Reuters, Getty, Egyptian Locations: Mecca, Hajj, AFP, Saudi Arabia, Indonesia,
CNN —Extensive flooding has stranded about 1.8 million people in northeast Bangladesh, following weeks of heavy rains that have submerged homes and devastated farmland, according to state media and humanitarian agencies. There is concern for those trapped by floodwaters who now face food shortages and a lack of clean water, according to local media. A mother holds her son in front of her house in floodwater on June 20, 2024 in Sylhet, Bangladesh. Salahuddin Paulash/Drik/Getty ImagesDensely populated and low-lying Bangladesh is prone to seasonal rains, flooding and cyclones. People move their belongings through a flooded street in Sylhet, Bangladesh, on June 20, 2024.
Persons: Bangladesh Sangbad, Sunamganj, ” Sheldon Yett, Salahuddin Paulash, , Sultana Begum, ” Hasan Sarwar, Syed Mahamudur Rahman Organizations: CNN, Bangladesh, Bangladesh Sangbad Sangstha, Water Development, Villagers, United Nations, Children’s Fund, UNICEF, UNICEF Representative, World Bank, Remal, Bangladesh’s Ministry of Disaster Management, Bangladesh Water Development Locations: Bangladesh, Sylhet, India, floodwater, Asia, Myanmar, Cox’s Bazar, Assam
CNN —Saida Wurie said it was her parents’ lifelong dream to participate in Hajj, the religious pilgrimage that brings Muslims from around the world to Saudi Arabia each year. Speaking to CNN’s Whitfield on Saturday, Wurie said she had been in close contact with her parents while they were in Saudi Arabia via a family group chat. As of Saturday, diplomats have not committed to meeting them in person in Saudi Arabia, she said. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record-setting 125 degrees Fahrenheit on Monday. Fadel Senna/AFP/Getty ImagesBut CNN has spoken to other Hajj pilgrims who said the preparations weren’t enough, with one describing seeing fellow worshipers lose consciousness and walking past bodies covered in white cloths.
Persons: Saida Wurie, They’d, , , CNN’s Fredricka Whitfield, Wurie, Isatu Tejan, Alieu Dausy, Prince George’s County, CNN’s Whitfield, Arafat, Mount Arafat, Whitfield, Fadel Senna, Mina . Organizations: CNN, Kaiser Permanente, , Saudi Interior Ministry, US Embassy, General’s Office, US State Department, Saudi, Ahram Locations: Hajj, Saudi Arabia, Maryland, Bowie , Maryland, Kaiser, Prince George’s, Mina, Jeddah, Saudi, Mecca, AFP, Egypt, Saudi Arabian
CNN —There were not enough medics or basic facilities to protect Hajj pilgrims from the effects of the sweltering heat in Saudi Arabia last week, two pilgrims recently returned from Hajj told CNN, as the official death toll from this year’s Hajj pilgrimage soared to almost 500. This years’ Hajj pilgrimage to Mecca has been held amid extreme weather conditions which saw temperatures consistently soar above average figures. Ali’s comments were echoed by another witness, 44-year-old Ahmad from Indonesia, who told CNN he saw many people falling ill and even dying from the heat. According to Ali, five hours walking every day is the minimum, but many pilgrims spent 12 hours outside per day. Because the Islamic calendar is lunar and shorter than the Gregorian calendar, the timing of Hajj on the Gregorian calendar shifts slightly each year.
Persons: Witnesses, Zirrar Ali, ” Ali, , Ahmad, Fadel Senna, , Rafiq Maqbool, Ali, that’s, Hajj ’ it’s, Ramadan Organizations: CNN, Hajj, Getty, Saudi General Authority, Statistics Locations: Saudi Arabia, Mecca, London, Indonesia, Hajj, AFP, , Saudi
At least 14 Malaysians, 165 Indonesians, 68 Jordanians, 35 Pakistanis, 35 Tunisians, 11 Iranians and 98 Indians have died, according to authorities in each country. According to a CNN tally, this brings the latest official death toll for this year’s pilgrimage to at least 460. The death tolls are expected to rise much further, as Saudi Arabia and Egypt have yet to release official figures. The Bernama report did not specify if the dead were members of the country’s official Hajj delegation. The government is targeting 30 million pilgrims by 2030.
Persons: Mostafa Madbouly, Abdel Fattah el, Mecca Rafiq Maqbool, Mohd Na’im Mokhtar, , Arafat, Prophet Mohammed, King Salman bin Abdulaziz, Prince Mohammed bin Salman, Edward Szekeres, Handi Alkhshali, Aishwarya S Iyer Organizations: CNN, Jordanian Foreign Ministry, Crescent, Saudi, Reuters, Saudi Ministry of Health, Associated Press, AP Malaysia’s, Religious, News Agency, Hajj, India’s Ministry, External Affairs, Saudi General Authority, Statistics Locations: Mecca, Jordanian, Saudi Arabia, Egypt, Mina, Saudi
Extreme heat takes toll on outdoor workers
  + stars: | 2024-06-21 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +11 min
There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work sites in Austin, Texas, and has worked in the industry for 17 years. Since 2010, she’s worked closely with the Workers Defense Project, an organization that advocates for protections for low-wage, immigrant workers in the Texas construction industry. Slowing down small businessesIt’s barely just now summer, and heatwaves are already slowing down small businesses, according to Homebase, which provides payroll software to more than 100,000 small businesses, covering 2 million hourly workers. “I think anything that impacts small businesses is affecting the economy as a whole,” he said, noting how small businesses account for half the jobs in the country. For herself, the high heat is more of an inconvenience; the car’s hotter and she just needs to pack some extra water.
Persons: Eva Marroquin, ” Marroquin, Christine Bolaños, she’s, Chris Lafakis, , Joshua, Gina Ferazzi, Gregory P, Casey, Jenny Schuetz, Brian Snyder, aren’t, , John Waldmann, They’re, Katie Parent, Joseph Prezioso, Greer, Denise Greer Jamerson, Norman, Greer Jamerson, you’ve, , “ It’s, it’s, Tamara Lovewell, café, panini, Tamara Lovewell “, Lovewell Organizations: CNN, Capitol, Workers Defense Project, Moody’s, Federal Reserve Bank of San, Williams College, Triple, Los Angeles Times, Environmental Protection Agency, Brookings Metro, Reuters, University of California, Stanford University, Getty, National Weather Service, Ruska Coffee Company Locations: Austin , Texas, Washington ,, Texas, Federal Reserve Bank of San Francisco, Massachusetts, Joshua Tree , California, Boston, Greater Boston, AFP, Princeton , Indiana, , Maine, United States, Caribou .
Pipeline operator Williams Companies offers a way for investors to play rising natural gas prices as demand grows due to the transition away from coal, according to the research firm Argus. "Our upgrade largely reflects our more bullish stance on natural gas prices," analyst Bill Selesky told clients in a research note Thursday. Demand for natural gas should rise due to hot weather conditions and the transition from coal to gas, while supply is constrained and inventories are low, the analyst said. The pipeline operator has rallied as natural gas prices have bounced back 70% over the past two months. "The power-hungry world we live in is rapidly turning to natural gas to generate this power," Armstrong said.
Persons: Williams, Bill Selesky, Selesky, Jenny Harrington, CNBC's, Harrington, Wells, Alan Armstrong, Armstrong Organizations: Williams Companies, Argus, U.S, Energy Information Administration, Williams, Asset Management, Street Locations: U.S, midstream, Tuesday's, Wells
Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. Take a look at new data on influencer brand deals in 2024Platforms also pay creators based on their video views and engagement. Read more about how TikTokers can score huge paydays for longer videosOn Snapchat, creators have had success making money from its ad-revenue program. Related storiesAffiliate marketing is another popular way to make money after becoming an influencer. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media.
Persons: , Ayomi Samaraweera, Samaraweera, Nadya Okamoto, influencers, Stacy Kim, Maesha, Instagram, Nate White, I've, MrBeast, Read, videographer Tej Patel, AJ, Grey, influencer Janesha Moore, Moore, makeups, Paulina Perez, she's, Perez, Slack, Lissette Calveiro, Christen Nino de Guzman's Clara, Nino de Guzman, Christen Nino De Guzman, Alix Earle ., Kensington, that's, Danielle Pistotnik, publicists Organizations: Service, YouTube, Business, Samsung, Verizon, Amazon, Brand, UTA, CAA, Management Locations: California
New Delhi CNN —Nights are getting uncomfortably and dangerously hotter in India’s capital as people in the world’s most populous nation feel little respite from unrelenting temperatures. Northern India has endured a scorching summer — with one part of the capital of Delhi recording the country’s highest-ever temperature 49.9 degrees Celsius (121.8 degrees Fahrenheit) earlier this month. Bicycle rickshaw driver Sagar Mandal told CNN that he’s been getting fewer passengers because people opt for air-conditioned taxis over open-air transport. Outdoor workers like Nikhil Kumar find no respite as the heat lingers on even at night. Residents fill their containers with water supplied by a municipal tanker in New Delhi on 19 June, 2024.
Persons: Sagar, he’s, , , Nikhil Kumar, Esha Mitra, “ We’ve, Kalyani Saha, hasn’t, ” Saha, Saha, Money Sharma, Ajay Chauhan, Ram Manohar Lohiya, ” Chauhan, Chauhan, “ that’s, Sarita Kumari, ” Kumari Organizations: New, New Delhi CNN, Centre for Science, Environment, Sagar Mandal, CNN, Getty, Ministry of Health, NGO Centre, Health Development India Locations: New Delhi, Northern India, Delhi, United States, Mandal, Australian, Lajpat Nagar, India
CNN —A 3,300-year-old ship has been discovered at the bottom of the Mediterranean Sea, making it one of the oldest shipwrecks ever discovered and rewriting our understanding of sailing in the ancient world, according to the Israel Antiquities Authority. The vessel is estimated to be from the 13th or 14th century BCE, the authority said in a statement. Emil Eljam/Israel Antiquities AuthorityDuring the survey, an “unusual sight of what seemed to be a large cluster of urns” was discovered, Bahartan said. “This is the first and earliest shipwreck discovered to date in the deep sea in the eastern Mediterranean,” he said. “The ship that has just been discovered changes the understanding of sailing in the ancient world,” Sharvit said.
Persons: Karnit Bahartan, Emil Eljam, Bahartan, Energean, Jay, Jeanie, Yaakov Sharvit, , Sharvit, ” Sharvit Organizations: CNN, Israel Antiquities Authority, Authority, Campus, Maritime Archeology Unit Locations: London, Israel, Jerusalem
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