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☆ Novo Nordisk, the maker of Wegovy and Ozempic is now Europe's most valuable company
▼ + stars: | 2023-09-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Novo Nordisk has dethroned Bernard Arnault’s luxury goods giant LVMH as Europe’s most valuable company. At the close of trading Monday, Novo Nordisk (NVO) had a market capitalization of 2.96 trillion Danish krone ($428 billion). “We are just scratching the surface,” Novo Nordisk CEO Lars Fruergaard Jørgensen told CNN’s Meg Tirrell in a recent interview. Novo Nordisk has raked in almost 49 billion Danish krone ($7 billion) in profit over the first six months of this year, up 30% from the same period in 2022. Booming sales of its drugs have led to an influx of US dollars into Denmark’s economy, pushing up the value of the Danish krone.

Persons: Bernard, Wegovy, Louis Vuitton, Hennessy, —, “, Steve Barclay, Carsten Snejbjerg, Lars Fruergaard Jørgensen, CNN’s Meg Tirrell, …, ” Organizations: London CNN — Novo Nordisk, Novo Nordisk, Louis, Health Service, Health, Social Care, Nordisk, Nordisk's, Bloomberg, Getty, World Health Organization, Danish krone, European Central Bank, Novo, UBS, Wegovy Locations: Danish, Ozempic, Wegovy, United States, Copenhagen, Denmark, Denmark’s, Novo Nordisk’s

Former biotech executive Vivek Ramaswamy speaks at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsWASHINGTON, Aug 28 (Reuters) - U.S. rapper Eminem has asked Republican presidential candidate Vivek Ramaswamy, a multimillionaire former biotech executive, to not use his music during his presidential campaign, according to a letter disclosed on Monday. "BMI has received a communication from Marshall B. Mathers, III, professionally known as Eminem, objecting to the Vivek Ramaswamy campaign's use of Eminem's musical composition (the "Eminem Works") and requesting that BMI remove all Eminem Works from the Agreement," BMI says in the letter. Ramaswamy's campaign told CNN it will comply with the request to stop using Eminem's music. The 38-year-old tech entrepreneur was at the center of many of last week's first Republican primary debate's most dramatic moments.

Persons: Vivek Ramaswamy, Brian Snyder, Eminem, Ramaswamy's, Marshall B, Mathers, III, Ramaswamy, Donald Trump, Florida Governor Ron DeSantis, Trump, Tucker Carlson, Kanishka Singh, Leslie Adler Organizations: Republican, REUTERS, Rights, Daily Mail, BMI, CNN, Florida Governor, Trump, Fox News, Thomson Locations: Milwaukee , Wisconsin, U.S, Florida, Washington

☆ Eminem is teaching Vivek Ramaswamy not to mess with the real Slim Shady, sending a cease-and-desist letter to get the presidential candidate to stop rapping his music on the campaign trail
▼ + stars: | 2023-08-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Vivek Ramaswamy's days as a rapping presidential candidate may be over. Ramaswamy's campaign received a request from rap star Eminem to stop using his music. Tricia McLaughlin, Ramaswamy's campaign spokesperson, told CNN they will comply with Eminem's request to stop using his music. @Eminem," Ramaswamy quipped in a post on X, formerly Twitter, on Monday. Representatives for Eminem, Ramaswamy, and BMI did not immediately respond to requests for comment from Insider sent outside regular business hours.

Persons: Vivek Ramaswamy's, Eminem, Ramaswamy, Vivek Ramaswamy, licencer, Marshall B, Mathers, III, Eminem's, Vek, Busta, Tricia McLaughlin, Vivek, Slim, McLaughlin, isn't, who's, Joe Biden Organizations: Service, licencer BMI, Daily Mail, CNN, BMI, Marshall, Fair, Harvard Crimson, Harvard, GOP, New Zealand National Party Locations: Wall, Silicon, Iowa

☆ A worldwide lithium shortage could come as soon as 2025
▼ + stars: | 2023-08-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesThe world could face a shortage for lithium as demand for the metal ramps up, with some analysts forecasting that it could come as soon as 2025. BMI, a Fitch Solutions research unit, was among those that predict a lithium supply deficit by 2025. In a recently published report, BMI largely attributed the deficit to China's lithium demand exceeding that of its supply. "We expect an average of 20.4% year-on-year annual growth for China's lithium demand for EVs alone over 2023-2032," the report stated. While that could point to a global lithium surplus next year, shortages could start to plague supply chains in 2028.

Persons: Susan Zou, Corinne Blanchard, Deutsche, Blanchard, Zou Organizations: Sigma, Bloomberg, Getty, BMI, Fitch Solutions, Economic, Rystad Energy, P, Commodity, EV Locations: Itinga, Minas Gerais, Brazil, China, skyrocket, transportations, U.S, Europe

☆ Eminem tells GOP presidential hopeful Vivek Ramaswamy to stop rapping his music
▼ + stars: | 2023-08-29 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Rapper Eminem has demanded Vivek Ramaswamy stop using his music on the campaign trail — and the Republican presidential candidate looks ready to let the issue go. In a cease-and-desist order sent to Ramaswamy's lawyer on Aug. 23, music publisher BMI said Eminem took issue with the use of his music during Ramaswamy's campaign events. In response, the Ramaswamy campaign signaled the GOP hopeful will not perform the song again. To the American people's chagrin, we will have to leave the rapping to the real slim shady," a spokesperson for the Ramaswamy campaign told NBC News. Many politicians have been sent similar cease-and-desist orders in past election cycles over their campaign song choices.

Persons: Eminem, Vivek Ramaswamy, BMI, Ramaswamy, Eminem's, Marshall B, Mathers, III, Vivek, Donald Trump, Adele, Pharrell Williams Organizations: Roll Hall, Microsoft Theater, Republican, Fair, BMI, NBC News, Daily Mail, GOP, NBC Locations: Los Angeles

☆ Eminem Tells Vivek Ramaswamy to Stop Rapping His Songs
▼ + stars: | 2023-08-28 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +1 min

As it turned out, Vivek Ramaswamy only got one shot to lose himself in the music. Marshall B. Mathers III, better known as the rapper Eminem, has told Mr. Ramaswamy, a Republican presidential candidate, that he is no longer to use Eminem music on the campaign trail, just weeks after Mr. Ramaswamy broke into an impromptu version of Eminem’s “Lose Yourself” at the Iowa State Fair. At the fair, Mr. Ramaswamy, the 38-year-old political newcomer, had told Gov. “Vivek just got on the stage and cut loose,” his campaign spokeswoman, Tricia McLaughlin, said on Monday. “To the American people’s chagrin, we will have to leave the rapping to the real Slim Shady,” another of Mr. Mathers’s nom de plumes.

Persons: Vivek Ramaswamy, Marshall B, Mathers, Eminem, Ramaswamy, didn’t, Kim Reynolds, “ Vivek, Tricia McLaughlin, “, Slim, ” Organizations: Mathers III, Republican, Fair, BMI, Daily Locations: Iowa

☆ Stormy Daniels leads mocking and disbelief that Trump weighs just '215 pounds,' as his Fulton County Jail booking record says
▼ + stars: | 2023-08-26 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Stormy Daniels says she does not believe Trump weighs 215 pounds. His weight and height were released after he turned himself in in Fulton County, Georgia, authorities Thursday. This would mean Trump lost 25 pounds and grew an inch since he last reported his measurements in April. AdvertisementAdvertisementAccording to the jail records, the former president is 6 feet 3 inches tall and weighs 215 pounds. AdvertisementAdvertisementAccording to the jail records the former president is 6 feet 3 inches tall and weighs 215 pounds.

Persons: Stormy Daniels, Trump, Daniels, Donald Trump, Tiny, Evelyn Hockstein, TikTok, Muhammad Ali, Thor, Chris Hemsworth, Mehmet Oz, Ronny Jackson Organizations: Trump, Service, Centers for Disease Control, Republican, Fair, REUTERS, New York Times Locations: Fulton County , Georgia, Wall, Silicon, Fulton, Manhattan, Iowa, Des Moines , Iowa, U.S, Georgia

Wegovy is the first-to-market in a new class of highly effective weight-loss drugs. The self-injection drug has transformed the fortunes of Novo, whose shares have surged about 165% since Wegovy's U.S. launch two years ago. The lion's share may be claimed by frontrunners Novo and its U.S. rival Eli Lilly and Co (LLY.N). Last month, Novo launched Wegovy in Germany, its first big European market. Reporting by Maggie Fick and Jacob Gronholt-Pedersen Editing by Josephine Mason and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Novo Nordisk Lars Fruergaard Jorgensen, LUDOVIC MARIN, Lars Fruergaard Jorgensen's, Jorgensen, Eli Lilly, Wegovy, Novo, Maggie Fick, Jacob Gronholt, Pedersen, Josephine Mason, Mark Potter Organizations: Novo Nordisk, Chateau, BMI, Reuters, frontrunners Novo, Pfizer, Thomson Locations: Versailles, Paris, COPENHAGEN, Europe, Danish, United States, Denmark, Norway, Brussels, Wegovy, Germany

☆ Gold under pressure from elevated U.S. dollar, bond yields
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: +2 min

Gold prices eased on Tuesday as the dollar benefited from elevated bond yields and China's economic concerns, with markets now looking ahead to U.S. retail sales data that could shed light on the impact of higher rates on consumer spending. Gold prices fell as the U.S. dollar and Treasury yields were pushed higher, with investors assessing potential policy actions from Chinese regulators to address mounting financial and property risk, according to NAB Commodities Research. U.S. 10-year Treasury yields were near their highest levels since November. Attention is now turning to U.S. retail sales data due later in the day and the Federal Reserve's July policy meeting minutes on Wednesday. Sabrin Chowdhury, head of commodities at BMI, expects a boost in gold prices, lately under pressure from a strong U.S. dollar, only towards the last quarter of 2023.

Persons: Sabrin Chowdhury, Janet Yellen, Joe Biden's Organizations: U.S ., Treasury, NAB Commodities Research, U.S, BMI Locations: China's, U.S

☆ Ukraine banks on vintage Soviet rocket launchers to support the counteroffensive against Putin's invasion, report says
▼ + stars: | 2023-08-12 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Ukrainian troops are using a Soviet-era rocket launcher, the BM-21 Grad, to hit Putin's forces. The BM-21 Grad, which was first developed in 1963, is one of many Soviet weapons that make up two-thirds of Ukraine's artillery arsenal, the outlet said. He said although it often breaks down, the BM-21 Grad can fire many rockets over a short period, per the outlet. Operators within the 60th brigade told the Journal that they had few Western-donated weapons, and would like a HIMARS. At the start of the war, Ukraine held 260 BM-21 Grads, compared with Russia's 500, according to Janes, via the outlet.

Persons: Sunsil Nair, Diego Herrera Carcedo, Volodymyr Sukhilov, Janes Organizations: Street Journal, Service, Russia, Wall Street Journal, BMI, Janes, Rights Watch, Anadolu Agency, Getty, Brigade Locations: Ukrainian, Wall, Silicon, Ukraine, Donetsk Oblast, Russian

Key hurdles for the two projects include the country's caps on domestic gas prices, limits on gas exports and the high costs for carbon capture and storage - required for new gas projects to help fight global warming. Last month, Shell (SHEL.L) said it would sell its holding in the Masela project to Indonesia's Pertamina and Malaysia's Petronas, while Chevron (CVX.N) agreed to sell its stake in the IDD project to Italy's Eni (ENI.MI). Reuters GraphicsNEW TERMS NEEDEDOnce one of the world's top five liquefied natural gas (LNG) exporters, Indonesia's LNG exports have halved in the past decade, Kpler data showed. The country has not approved a major oil or gas project since 2016 - the expansion of BP's (BP.L) Tangguh LNG plant. The current formula for splitting revenue between the government and investors in gas projects sets the base rate at 48% for companies.

Persons: magnifier, Dado Ruvic, Benny Lubiantara, Andrew Harwood, Wood Mackenzie, SKK Migas, Benny, Prateek Pandey, Takayuki Ueda, Naing, Inpex's Ueda, Fransiska Nangoy, Bernadette Christina Munthe, Emily Chow, Yuka Obayashi, Florence Tan, Sonali Paul Organizations: REUTERS, Indonesia, Shell, Chevron, Indonesia Deepwater Development, Petronas, Eni, Essential Services, Reuters, Indonesia Petroleum Association, Rystad Energy, BMI Research, Fitch Group, Tcf, Thomson Locations: Indonesia, JAKARTA, Jakarta, Chevron, Tokyo, Masela, Singapore

☆ Why this landmark cardiac study means a bigger market for Lilly's blockbuster weight loss drug
▼ + stars: | 2023-08-09 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +7 min

A landmark study of the cardiovascular benefits of weight loss drug Wegovy is being seen as a pivotal step toward broadening access to these drugs. The drug, also known as tirzepatide, is expected to be approved for weight loss by the Food and Drug Administration by year-end. Notably, Medicare does reimburse obese patients for weight loss surgery, but Mounjaro has been able to help patients realize an average weight loss that approaches the typical success of bariatric procedures. If CMS is able to reimburse patients for weight loss treatment that would significantly increase access, boosting sales. "This is the first time a weight [loss] medicinal intervention has shown to have cardiovascular risk reduction.

Persons: enrollees, Eli Lilly, Lilly, Akash Tewari, NVO, Tewari, Wells, Mounjaro, Mohit Bansal, Robert Califf, Goldman Sachs, Chris Shibutani, Shibutani, Goldman, Refinitiv, Morgan Stanley, comorbidities, Bansal Organizations: Nordisk's Ozempic, Centers for Disease Control, Food and Drug Administration, Jefferies, Medicare, Services, GLP, STAT, Goldman, Lilly, Novo Nordisk, BMI, Novo Locations: U.S, GLP, Tuesday's

☆ Vietnam's EV ownership will see 'strong growth' in 2023, says new report
▼ + stars: | 2023-08-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Vietnam's electric vehicle market appears poised for rapid expansion in the next decade, but there could be significant headwinds blunting that growth. According to BMI Research, a Fitch Solutions research unit, passenger EV sales in the country is expected to at least double this year. "In 2023, we expect passenger EV sales to expand by 114.8% year-on-year to reach around 18,000 units," said BMI's report published Thursday. Specifically, sales for battery electric vehicle (BEV) could surge by 104.4% compared to the previous year to nearly 17,000 units, the report said. The penetration rate for passenger EVs — defined as passenger EV sales as a percentage of the country's total passenger vehicle sales — is set to increase to 13.6% by 2030.

Persons: BEV Organizations: BMI Research, Fitch Solutions, Vietnam Automobile Manufacturers Association, Electric Locations: Vietnam, That's

☆ India rice export ban, explained
▼ + stars: | 2023-08-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

But for importers and loyal consumers of Indian-grown non-basmati varieties, the ban has been disruptive, including in the United States. Internationally, the ban is causing an upheaval in the market and could especially impact places that rely on Indian rice exports. “So we’re looking to have a really healthy, robust US rice crop.”The United States primarily imports specialty and fragrant rice, he said, like arborio rice used to make risotto; jasmine rice; basmati rice and other varieties. “We are completely dependent on non-basmati rice,” said Kiran Kumar Pola, director of Deccan Foods, an importer and distributor of non-basmati Indian rice that operates out of Arizona. “We at India Bazaar understand the concerns raised in light of the recent ban on Indian Non-Basmati Raw Rice,” the post reads.

Persons: We’ve, USA Rice, what’s, “, ”, Tanner Ehmke, Anupam Nath, Ehmke, Joseph Glauber, it’s, Glauber, El Niño, “ There’s, Peter Bachmann, Charles Hart, ” Rice, Rory Doyle, Kiran Kumar Pola, Sona Masoori, Kerala Matta, Rice Organizations: New, New York CNN, ” USA Rice Federation, ”, International Food Policy Research, International Food Policy Research Institute, USA Rice Federation, BMI, Bloomberg, Deccan Foods, Facebook Locations: New York, United States, USA, India, CoBank, Asia, ” India, Guwahati, Philippines, Malaysia, Vietnam, Southeast Asia, Nigeria, Ivory Coast, Senegal, West Africa, Pakistan, South Asia, California, Pace , Mississippi, Arizona, Kerala, South India, Pola, Dallas

☆ India's rice export ban to hurt millions globally. These countries will be the worst hit
▼ + stars: | 2023-08-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

20 Xinhua News Agency | Xinhua News Agency | Getty ImagesIndia's rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt. The scale of people impacted by Indian rice ban will be in millions. Other affected regionsAsia is not the only region hit by India's rice export ban, many African and Middle East nations are also vulnerable. That means up to 40% of India's rice exports are now offline, according to BMI forecasts. India's rice export ban is expected to ripple across global rice markets.

Persons: Mohanty, Samarendu Mohanty, Narendra Modi Organizations: Xinhua News Agency, Getty, Barclays, El Nino, BMI, Fitch Solutions, Workers, International Potato Center, CIP Locations: Nagaon district, India's, Assam, India, Malaysia, Asia, Singapore, Thailand, Pakistan, Vietnam, Philippines, Saharan Africa, East, North Africa, Djibouti, Liberia, Qatar, Gambia, Kuwait, Cambodia, Indonesia, Bangladesh, Nepal

☆ Weight loss drug Wegovy is from Europe — but users in the region face a long and costly wait
▼ + stars: | 2023-07-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Packages of the weight-loss drug Wegovy from the pharmaceutical company Novo Nordisk lie on the sales counter in a Danish pharmacy. Still, it's seen as too expensive for many public health systems in Europe. They're obviously in a capacity constrained environment and we don't know how much they're willing to allocate to Europe. Eli Lily , whose diabetes drug Mounjaro can also be used for weight loss, has also faced supply gluts. They're obviously in a capacity constrained environment and we don't know how much they're willing to allocate to Europe," Field said.

Persons: Stefan Trumpf, it's, Emily Field, Wegovy's, Eli Lily Organizations: Novo Nordisk, Getty, CNBC, Denmark — Novo, Barclays, BMI, German Obesity Society, Novo Nordisk — Locations: Danish, Germany, Europe, Denmark, Norway, Novo, U.S

BMI generates about $145 million in 12-month earnings before interest, taxes, depreciation and amortization, according to the sources. Spokespeople for BMI, which is controlled by several TV networks and radio broadcasters, and Goldman Sachs declined to comment. Created in 1939, BMI represents the public performance rights in more than 20 million musical works created and owned by more than 1.3 million songwriters, composers, and music publishers. BMI and ASCAP jointly account for more than 90% of the music licensing market. Reporting by Milana Vinn and Anirban Sen in New York Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Lady Gaga, Taylor Swift, Spokespeople, Goldman Sachs, Milana Vinn, Anirban Sen, Nick Zieminski Organizations: YORK, Inc, BMI, Goldman Sachs, U.S . Justice Department, Justice Department, American Society of Composers, Publishers, Blackstone Inc, ASCAP, Concord Music, Thomson Locations: New York

Interviews with seven doctors and two other potential users of Wegovy from Germany, where Novo Nordisk's (NOVOb.CO) weight-loss drug will become available at the end of July, show the office administrator isn't alone. Allianz (ALVG.DE) says it will pay if a physician diagnoses a medical need while Debeka said its plans exclude weight-loss treatments. In Germany, Wegovy will be administered with the same injection pen used in Norway and Denmark, not the one used in the United States to avoid hitting supplies there. "Patients are so desperate in Germany that they will pay out of their pocket for the medication." "My experience is that people will be able to pay for it out of (their own) pocket," said Horbach.

Persons: Doctor Thomas Horbach, Wegovy, Novo, Jessica Lenth, isn't, I've, Lenth, Debeka, Robert Koch, Danish drugmaker, Sylvia Weiner, Karl Rheinwalt, Thomas Horbach, Weiner, Rheinwalt, Juergen Ordemann, Michael Wirtz, Wirtz, Irina Ernstberger, Ernstberger, Ludwig Burger, Maggie Fick, Patricia Weiss, Josephine Mason, Catherine Evans Organizations: Novo Nordisk, FRANKFURT, Reuters, Allianz, European Union, Robert Koch Institute, Sana Klinikum, St, Hospital, Ozempic, Novo, Thomson Locations: Germany, Munich, LONDON, Hamburg, Wegovy, United States, Danish, Norway, Denmark, Sana, Frankfurt, St Franziskus, Hospital Cologne, Berlin's, Winsen, Lower Saxony, London

☆ Apple supplier Foxconn's failed India chip venture shows how tough it is for new players
▼ + stars: | 2023-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

In this article 2317-TW Follow your favorite stocks CREATE FREE ACCOUNTThis month, Foxconn pulled out of its joint venture with Vedanta. In May 2021, it formed a joint venture with Yageo Corporation, which makes various types of electronic components. Foxconn looked to India for its joint venture with Vedanta because the country's government is looking to boost its domestic semiconductor industry and bring manufacturing on shore. This month, Foxconn pulled out of its joint venture with Vedanta. Foxconn and Vedanta wanted to license the technology from STMicro and India wanted the firm to have a stake in the joint venture, but the European chipmaker did not, Reuters reported.

Persons: Foxconn, Gabriel Perez, Neil Shah, Shah, BMI's Perez, Vedanta Organizations: Vedanta, Getty, BMI, Fitch Group, CNBC, Samsung, Micron, Hai Technology, Yageo Corporation, Counterpoint Research, Reuters Locations: India, EU, Mainland China, STMicro

☆ In older adults, a little excess weigh may be OK
▼ + stars: | 2023-07-14 | by ( Judith Graham | Kff Health News | ) edition.cnn.com time to read: +9 min

For years, experts have debated what to advise older adults in this situation. Only 27% to 44% of older adults meet these guidelines, according to various surveys. Epidemiologic research suggests that the ideal body mass index (BMI) might be higher for older adults than younger adults. The study’s conclusion: “The WHO healthy weight range may not be suitable for older adults.” Instead, being overweight may be beneficial for older adults, while being notably thin can be problematic, contributing to the potential for frailty. Indeed, an optimal BMI for older adults may be in the range of 24 to 29, Carl Lavie, a well-known obesity researcher, suggested in a separate study reviewing the evidence surrounding obesity in older adults.

Persons: they’ve, ”, Mitchell Lazar, we’re, John Batsis, Anne Newman, —, Carl Lavie, Lavie, “, ” Lavie, Newman, you’re, Dinesh Edem, Dennis Kerrigan, Katie Dodd Organizations: CNN, US Centers for Disease Control, Institute for Diabetes, University, Pennsylvania’s Perelman, of Medicine, University of North Carolina School of Medicine, Center for Aging, Health, University of Pittsburgh School of Public Health, BMI, World Health Organization, WHO, University of Pittsburgh, University of North, University of Arkansas, Medical Sciences, Henry Ford Health, Kaiser Health, KFF Locations: —, Chapel Hill, New Orleans, University of North Carolina, Michigan

☆ India's tomato prices surge over 300%, sparking theft and turmoil
▼ + stars: | 2023-07-13 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Tomato prices surged 366.86% from 26.76 rupees per kg at the start of the year to 108.92 rupees per kg as of July 11. India is facing a tomato crisis as prices have skyrocketed more than 300% due to extreme weather conditions. Tomato prices surged 341% year-to-date, from 24.68 rupees per kg to 108.92 rupees per kg as of July 11, data from the Department of Consumer Affairs showed. "Due to excess rainfall in these states, tomato [crops have] been highly affected… A large part of the tomato crop has been destroyed due to rains and flood," the council stated. Another popular Indian dish, the Andhra Tomato Kura (tomato curry) is also widely enjoyed by locals.

Persons: Damien Yeo Organizations: Department of Consumer Affairs, National, BMI, Fitch Solutions Locations: Kolkata, India, Andhra Pradesh, Maharashtra, Karnataka

[1/3] A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. It highlights the challenge Novo and rivals face in convincing European governments to pay for obesity drugs, which analysts say is likely to slow their take-up there. Germany's health ministry told Reuters there were no plans to change the law to cover weight loss drugs. DIFFERENT PICTUREIn the United States, the federal Medicare health plan for older Americans is prohibited from covering weight-loss drugs. Many health plans paid for by large employers will cover Wegovy, although they may require that patients try a rigorous diet programme or cheaper drugs first.

Persons: Jim Vondruska, Wegovy, Martin Merkel, Merkel, Duane Mellor, Novo, Lars Fruergaard Jorgensen, Michael Wirtz, Terence McManus, Phil McEwan, they've, McEwan, Patricia Weiss, Josephine Mason, Catherine Evans Organizations: REUTERS, Novo Nordisk, Wegovy, Europe's, pharma, European Union, Endocrinology Society, Aston University in, Reuters, Bellevue Asset Management, Barclays, Thomson Locations: Chicago , Illinois, U.S, Germany, FRANKFURT, Aston University in Birmingham, England, Wegovy, Europe, Danish, Berlin, Norway, Denmark, Britain, United States, Switzerland, Bellevue, EU, Cardiff , Wales, Frankfurt

☆ There is space for both Australia and Indonesia to become EV manufacturing hubs, analyst says
▼ + stars: | 2023-07-05 | 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 EmailThere is space for both Australia and Indonesia to become EV manufacturing hubs, analyst saysSabrin Chowdhury of BMI says both countries can "coexist" as there will be accelerating demand over the coming decades for electric vehicles.

Persons: Sabrin Chowdhury Organizations: BMI Locations: Australia, Indonesia

☆ Australia and Indonesia have signed a 'win-win' EV battery deal, analyst says
▼ + stars: | 2023-07-05 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Mining giants Australia and Indonesia have signed a "win-win" EV battery deal, said Sabrin Chowdhury, head of commodities analysis at BMI, a research unit of Fitch Solutions. Indonesian President Joko Widodo met his Australian counterpart Anthony Albanese on Tuesday during a three-day state visit to Australia. The two countries welcomed "new commercial deals between Australian and Indonesian business across the health, mining and digital economy sectors," according to a government press release. "[Indonesia] has a major aim to develop its EV manufacturing industry. "Lithium and nickel together, they're very important parts of EV batteries.

Persons: Sabrin Chowdhury, Joko Widodo, Anthony Albanese, Chowdhury Organizations: Mining, EV, BMI, Fitch Solutions, CNBC Locations: Australia, Indonesia, Indonesian

☆ Being overweight not linked to dying early, study says, but questions remain
▼ + stars: | 2023-07-05 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —Being overweight as defined by the body mass index rating scale is not linked to an increase in death when considered separately from other health issues, a new study found. “The use of the word ‘overweight’ is misleading here, as it excludes anyone with a BMI above 30. “This paper found an unequivocal association between BMI and mortality, before and after adjustment for risk factors,” said Leurent, who was not involved in the study. Being overweight may not lead to an early death, but may add to the risk of chronic disease, experts say. While the study did control for smoking and a variety of other diseases linked to early death, that information was only gathered once for each person in the survey.

Persons: ”, Aayush, Rutgers Robert Wood, ’, Baptiste Leurent, Leurent, Robert H, Shmerling, “, Soko, Visaria, Naveed Sattar, ” Sattar, Tom Sanders, Beth, they’ve, It’s, ” Visaria, it’s, University of Glasgow’s Sattar Organizations: CNN, BMI, US Centers for Disease Control, Rutgers, Rutgers Robert Wood Johnson Medical School, University College London, Harvard Health Publishing, Harvard Medical School, Rutgers School of Public Health, University of Glasgow, King’s College London, Beth Israel Deaconess Medical, “, American Heart Association, American Medical Association, University of Glasgow’s Locations: New Brunswick , New Jersey, Boston, Scotland, “

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