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☆ Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.

Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali

Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 14 (Reuters) - Taiwan is working on securing a one-on-one meeting with U.S. President Joe Biden and the island's representative at this week's APEC summit in San Francisco, but there is no message planned for China, a senior Taiwanese official said. "The two sides are discussing related arrangements," Koo said when asked whether Chang plans to hold an one-on-one meeting with Biden at APEC. Tensions over Taiwan are likely to feature when Biden meets Chinese President Xi Jinping at the summit. Chang briefly met with Xi at last year's APEC summit in Bangkok, and discussed semiconductors with U.S. Vice President Kamala Harris.

Persons: Tsai Ing, Morris Chang, Ann Wang, Joe Biden, Wellington Koo, Biden, Koo, Chang, Xi Jinping, Xi, Tsai, Kamala Harris, Yimou Lee, Ben Blanchard, Michael Martina, Trevor Hunnicutt, Gerry Doyle Organizations: Taiwan's APEC, REUTERS, Rights, U.S, APEC, Economic Cooperation, Taiwan's National Security Council, U.S . State Department, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, San Francisco, China, Asia, Beijing, Wellington, United States, Washington, U.S, Bangkok

☆ D1 Capital adds to Big Tech bets in third quarter, reveals new top holding
▼ + stars: | 2023-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Daniel Sundheim's D1 Capital made significant buys in Big Tech stocks during the third quarter and saw one large private holding enter the public market, according to securities filings . The hedge fund increased its stake in Microsoft by nearly 78% while more than doubling its shares in Meta Platforms during the third quarter. Elsewhere in tech, D1 sold more than a third of its shares in Alphabet but added a new stake worth roughly $115 million in Amazon . The buying of Big Tech stock marks a reversal from D1 Capital's moves earlier this year . D1 Capital has more than $27 billion in assets under management, according to WhaleWisdom.com.

Persons: Daniel Sundheim's, Instacart, Philip Morris, Sundheim, Andreas Halvorsen Organizations: Capital, Big, Microsoft, D1, Big Tech, South, Nu Holdings, PNC, Viking Global Locations: Big Tech, Meta, Instacart

☆ Here’s the inflation breakdown for October 2023 — in one chart
▼ + stars: | 2023-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Fed aims for a 2% annual inflation rate over the long term. Gasoline prices fell in OctoberWhat's happening under the surfaceEnergy prices can whipsaw inflation readings due to their volatility. That's why economists like to look at a measure that strips out these prices when assessing underlying inflation trends. This pared-down measure — known as the "core" CPI — fell to an annual rate of 4% in October from 4.1% in September. Housing inflation declined in October, to 6.7% relative to a year earlier, and has fallen from a peak over 8% in March 2023, according to BLS data.

Persons: Joe Biden, David Paul Morris, Sarah House, Mark Zandi, Zandi, It's Organizations: Bloomberg, Getty Images Bloomberg, Getty, Wells, Wells Fargo Economics, U.S . Bureau of Labor Statistics, Moody's, CPI, BLS Locations: Hercules , California, U.S, Wells Fargo, American, Russia, Ukraine

☆ Fulton County prosecutors ask for emergency seal of evidence after video leak in election subversion case
▼ + stars: | 2023-11-14 | by ( Nick Valencia | Jason Morris | ) edition.cnn.com time to read: +4 min

Portions of proffer videos – the legal term for videotaped conversations some of Trump’s co-defendants had with prosecutors – were leaked to several news outlets on Monday. The Fulton County district attorney’s office did not immediately respond to CNN’s request for comment about the emergency protective order or leaked videos. The videos provide some new details about efforts by those close to Trump to reverse the election in his favor. In the months since the motion, the district attorney’s office did not follow up to ask for an official ruling. “Instead, defendants must come to the District Attorney’s Office to view confidential video recordings of proffers.

Persons: Donald Trump, Trump’s, –, Jenna Ellis, Sidney Powell, Kenneth Chesebro, bondsman Scott Hall, Fani Willis, Harrison Floyd’s, ” Todd Harding, Harding, Ellis, Dan Scavino, Trump, ’, ’ ” Ellis, Powell, Chesebro, “, ” Powell Organizations: Atlanta CNN, ABC News, The Washington Post, Trump, Fulton, White, Office Locations: Georgia, Fulton County, Atlanta, Trump, Arizona, Fulton

☆ San Francisco Cleans Up for Xi. Why Not for Thee?
▼ + stars: | 2023-11-13 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Chinese Communist dictator Xi Jinping in Beijing on Friday. Photo: Ju Peng/Zuma PressAfter only recently agreeing to normalize trade relations with the United States, San Francisco now seems to be granting most favored visitors status to a group including a ruthless dictator. This week Chinese communist thug Xi Jinping will enjoy a city that has been spruced up for the Asia-Pacific Economic Cooperation summit. San Francisco residents are asking why they can’t enjoy streets that are safe and clean all the time. Morris reports for The San Francisco Chronicle:

Persons: Xi Jinping, Ju Peng, Morris Organizations: Communist, Zuma Press, Economic Cooperation, San Francisco Chronicle Locations: Beijing, United States, San Francisco, Asia

WASHINGTON (AP) — The United States is hosting the annual APEC summit of world leaders this week for the first time since 2011. But the main summit event will actually be on the sidelines: A face-to-face meeting between President Joe Biden and Chinese President Xi Jinping. The annual leaders' conference brings together heads of nations and other top economic and diplomatic leaders. That decision was regarded as a snub by some APEC leaders. Since then, the APEC leaders have posed together in batik shirts (Malaysia, 1998), Chinese jackets (Shanghai, 2001), flowing ponchos (Chile, 2004) and "ao dai” tunics (Vietnam, 2006.)

Persons: Joe Biden, Xi Jinping, Vladimir Putin, Gina Raimondo, isn't, Biden, Donald Trump, Kamala Harris, that's, Morris Chang, Paul Chan, John Lee, It's, Bill Clinton, Barack Obama, Obama Organizations: WASHINGTON, APEC, Economic Cooperation, Biden, Pacific, Thai, Taiwan Semiconductor Manufacturing Co, Financial, Moody’s Investors Service Locations: United States, Asia, San Francisco, China, U.S, Israel, Ukraine, Russia, Japan, Australia, Taiwan, Hong Kong, Pacific, Bangkok, Chile, Thailand, China . Hong Kong, Seattle, American, Malaysia, Shanghai, ponchos, Vietnam, Philippines, Hawaii

☆ Barbra Streisand, in Her Own Words
▼ + stars: | 2023-11-12 | by ( Desiree Ibekwe | More About Desiree Ibekwe | ) www.nytimes.com time to read: +1 min

This year’s memoirs have kept ravenous consumers of celebrity culture well fed. Now, Barbra Streisand joins their ranks with “My Name Is Barbra,” a memoir released on Tuesday. At almost 1,000 pages, “it’s not a book you inhale,” the Times critic at large, Wesley Morris, writes. “Streisand is poring over, pouring out, her life.”Her childhood, in a Brooklyn housing project, was emotionally fraught. Her father died when she was just over a year old; her mother was emotionally unavailable, and her stepfather was distant.

Persons: Prince Harry plumbed, Britney Spears, Elliot Page, Patrick Stewart, Henry Winkler, Kerry Washington, Pamela Anderson, Barbra Streisand, “, ”, “ it’s, Wesley Morris, Streisand, Fanny Brice, Marlon Brando, Pierre Trudeau Organizations: Paris Hilton, Greenwich Village, Canadian Locations: Brooklyn

☆ For Joan Armatrading, Classical Music Is Just Another Genre
▼ + stars: | 2023-11-12 | by ( Hugh Morris | ) www.nytimes.com time to read: +2 min

ARMATRADING WAS BORN on the Caribbean island of St. Kitts in 1950, and moved to Birmingham, England, at age 7. I didn’t really ask anybody’s opinion, which is how I am still.”Some of Armatrading’s earliest experiences with classical music came through movies. “If you have 18 strings or something, and they’re doing that thing, you’re gonna cry,” she said. Armatrading is adamant that, in her Symphony, she just wanted to sound “like Joan,” but she’s also happy for listeners to bring their own associations. This symphony is by no means the first case of a pop artist to engage in classical composition.

Persons: ARMATRADING, “, ”, It’s, Rachmaninoff, Purcell, Tchaikovsky, Armatrading, Joan, she’s, Vaughan Williams, Paul McCartney’s, ” — Organizations: Decca Locations: St, Kitts, Birmingham, England

[1/4] Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 10 (Reuters) - Taiwan will stress the importance of peace in the region at next week's APEC summit, President Tsai Ing-wen said on Friday, one of the few international bodies both Taiwan and China are members of and where their officials meet. The 21-member Asia-Pacific Economic Cooperation (APEC) forum will meet in San Francisco for the 30th APEC summit, the first hosted by the United States since 2011. Neither the president nor Chang, representing Tsai for the sixth time at an APEC summit, took questions. Chang, 92, had a brief chat with Xi at last year's APEC summit in Bangkok, a rare high-level interaction.

Persons: Tsai Ing, Morris Chang, Ann Wang, Tsai, Chang, Xi, Sarah Wu, Ben Blanchard, Stephen Coates Organizations: Taiwan's APEC, REUTERS, Rights, APEC, Economic Cooperation, TSMC, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Asia, San Francisco, United States, Beijing, pleasantries, Chang, Bangkok

Executives of some beaten-down companies, including one battered biotech name and a popular soft drinks maker, scooped up shares of their own stock in the past week. Here are the top insider buys: Energy Transfer — Executive Chairman Kelcy Warren bought one million shares Monday at $13.53 per share for a total value of $13.53 million. Shares are up more than 2% over the past month. Enstar Group CEO bought swathes of shares Wednesday, the day after the company reported its earnings for the third quarter. The stock has gained about 8% so far this year and shares are up roughly 4% over the past month.

Persons: Kelcy Warren, Dominic F, Silvester, Nigel W, Morris, Richard Barry, Verity, Douglas Ingram, Keurig Dr Pepper, Timothy P, Cofer, Dr Pepper's, Dr Pepper —, Dr Pepper, Mott's —, Enstar Organizations: CNBC Pro, —, Global, Therapeutics, Remitly, FDA, U.S . Securities, Exchange, Enstar Locations: Canada

☆ Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
▼ + stars: | 2023-11-09 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Austan Goolsbee, Chicago Fed president, says how long to hold rates at the current level could be shaped by whether external shocks hit the economy. Photo: David Paul Morris/Bloomberg NewsA Federal Reserve official said the central bank will need to pay close attention to the effects of higher longer-term bond yields to make sure they don’t slow the economy more than expected over the coming year. Austan Goolsbee , president of the Federal Reserve Bank of Chicago, said in an interview Wednesday the recent run-up of longer-term borrowing costs could become more important as the central bank shifts its focus from how high to raise interest rates and toward how long to hold them near a 22-year high.

Persons: Austan Goolsbee, David Paul Morris Organizations: Chicago Fed, Bloomberg, Federal Reserve, Federal Reserve Bank of Chicago

Barbra Streisand’s long-awaited memoir, “My Name Is Barbra,” is nearly a thousand pages of soul-baring and score-settling — with plenty of Yiddish thrown in. Wesley Morris and Alexandra Jacobs discuss the book’s most surprising revelations. Plus, we get a glimpse of Wesley’s visit with the living legend at her Malibu home. On today’s episode

Persons: Barbra Streisand’s, ”, baring, Wesley Morris, Alexandra Jacobs Locations: Malibu

☆ After job cuts at Travis Kalanick's food tech startup, an exec discusses challenges and rallies staff with bullish comments on Future Foods
▼ + stars: | 2023-11-09 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

A particular focus was an Otter business called Future Foods. But now, Future Foods is generating healthy revenue, relative to the cost of customer acquisition. He did not disclose revenue for Future Foods or other businesses on the call. 'Healthy tension'Gabrielli did admit there's a "healthy tension" with the Future Foods team, saying that they "tend to sandbag a little bit their capabilities." Future Foods also asks would-be customers if they maintain at least a four-star rating on one delivery app.

Persons: Travis Kalanick, Uber, Otter, Guido Gabrielli, Gabrielli, it's Organizations: Storage Systems, CSS, Otter, Tech, Foods, Future Foods

☆ Citrix Owner Becomes Latest U.S. Company to Retreat From China
▼ + stars: | 2023-11-08 | by ( Rebecca Feng | ) www.wsj.com time to read: 1 min

Cloud Software Group, which owns enterprise-software provider Citrix, is ceasing all new commercial transactions in China. Photo: David Paul Morris/Bloomberg NewsHONG KONG— Cloud Software Group , which owns enterprise-software brand Citrix, is ceasing business transactions in China, becoming the latest U.S. company to pull back from China. In an email to clients and partners on Monday seen by The Wall Street Journal, Cloud Software Group said it has made the decision to cease all new commercial transactions in China, including Hong Kong, on Dec. 3. It cited rising costs in the market.

Persons: David Paul Morris Organizations: Cloud Software Group, Citrix, Bloomberg News HONG, Wall Street Locations: China, Bloomberg News HONG KONG, U.S, Hong Kong

☆ Here's why Warner Bros. Discovery stock is down
▼ + stars: | 2023-11-08 | 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 EmailHere's why Warner Bros. Discovery stock is downMichael Morris, Guggenheim Securities entertainment and media analyst, joins 'Squawk on the Street' to discuss what's pressuring Warner Bros. Discovery's stock, his reaction to WBD's forward guidance, and what surprised Wall Street.

Persons: Michael Morris, Wall Organizations: Warner Bros, Guggenheim Securities

☆ Travis Kalanick's $15 billion ghost kitchen company lays off staff
▼ + stars: | 2023-11-08 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Travis Kalanick's ghost kitchen company laid staff off on Wednesday. In 2021, Kalanick raised $850 million at a $15 billion valuation for the company. The cuts come as tech and real estate companies rethink staffing needs in a more difficult market. Travis Kalanick's ghost kitchen company cut jobs on Wednesday, two employees told Insider. It wasn't immediately clear how many CSS employees were affected.

Persons: Travis, Kalanick Organizations: Storage Systems, Staff

☆ CNBC Daily Open: Goolsbee’s ‘golden path’ is still visible
▼ + stars: | 2023-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLast month's sudden surge in Treasury yields and oil prices — both of which tend to suppress investors' appetite for stocks — looks to be ending. As Treasury yields serve as the benchmark for interest rates on loans and cash investments, sinking yields generally benefit rate-sensitive companies more. Chicago Federal Reserve President Austan Goolsbee told CNBC, "Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation down without a recession."

Persons: Goolsbee, David Paul Morris, they're, WTI's, that's, Alastair Pinder, Austan Goolsbee, — Organizations: Federal Reserve Bank of Chicago, Bloomberg, Getty, CNBC, West Texas Intermediate, Brent, Treasury, Big Tech, Amazon, Nasdaq, Dow Jones, Dow, U.S . Federal, HSBC, Chicago Federal Locations: Moran , Wyoming, That's, Israel

[1/2] FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. MSCI's gauge of global stock performance (.MIWD00000PUS) shed 0.05%, while the pan-European STOXX 600 index (.STOXX) lost 0.06%. Against a basket of currencies, the dollar index rose 0.332% to 105.61, with the euro down 0.31% to $1.0682. Treasury yields slid, having unwound some of their rally last week after the Fed left rates unchanged following a policy meeting. The two-year's yield, which reflects interest rate expectations, fell 1.3 basis points to 4.928%, while the 10-year slipped 7.5 basis points at 4.587%.

Persons: Toby Melville, Jerome Powell, Neel Kashkari, Austan Goolsbee, Rick Meckler, we've, Michael Hewson, Brent, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher, Jonathan Oatis Organizations: London Stock Exchange Group, City of, REUTERS, NEW, Federal Reserve, Minneapolis, Chicago, Cherry Lane Investments, Dow Jones, Nasdaq, Reserve Bank of Australia, Treasury, Fed, CMC, Thomson Locations: City, City of London, Britain, China, Saudi Arabia, Russia, Europe, U.S, New Vernon , New Jersey, Asia, Pacific, Japan, London, Singapore

The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.4%. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 1.2%, snapping three straight days of gains. Hong Kong's Hang Seng (.HSI) fell 1.7%, while mainland China blue chips (.CSI300) fell 0.4%. The index fell 1.3% last week, its steepest decline since mid-July, part of the wider risk-on mood in markets. The euro slipped 0.4% to $1.067, down from an eight-week peak of $1.0756 hit on Monday.

Persons: Toby Melville, Michael Hewson, Nicholas Chia, HSI, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher Organizations: London Stock Exchange Group, City of, REUTERS, Nasdaq, CMC, Standard Chartered, Fed, Reserve Bank of Australia, Brent, Thomson Locations: City, City of London, Britain, U.S, Asia, Pacific, Japan, China, Saudi Arabia, Russia, London, Singapore

☆ Barbra Streisand Is Ready to Tell All. Pull Up a Seat.
▼ + stars: | 2023-11-07 | by ( Wesley Morris | More About Wesley Morris | ) www.nytimes.com time to read: +4 min

Rick Kot, an executive editor at Viking who oversaw production on the book, told me, “Publishing books in two volumes is difficult just as a commercial venture. Nor does it inspire the “five takeaways” treatment that juicy new memoirs by Britney Spears and Jada Pinkett Smith have. These are my thoughts.” She also considered those other Streisand titles, the ones by other people. Sydney Chaplin (one of Charlie’s kids) played the original Nick Arnstein during her “Funny Girl” Broadway run; they shared a flirtation that Chaplin wanted to consummate and that Streisand wanted to keep professional. It’s that Barbra Streisand endured a parade of harsh workplaces yet never stopped trying to make the best work.

Persons: Rick Kot, “, She’s, you’ve, Britney Spears, Jada Pinkett Smith, Streisand, Christine Pittel, hemming, hawing, ”, there’s, Sydney Chaplin, Nick Arnstein, Chaplin, Elliott Gould, Dolly, Walter Matthau, Gene Kelly, Matthau, she’s, Brando, Pierre Trudeau, Jon Peters, It’s, Barbra Streisand Organizations: Viking, “ Publishing

On Monday, WeWork's stock trading was halted ahead of the opening bell. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementEmbattled real estate giant WeWork filed for Chapter 11 bankruptcy on Monday. WeWork's bankruptcy comes amidst a years-long reorientation for the office industry. Offices globally emptied, and the once-stable commercial real estate sector was thrown into unprecedented chaos, from which it has not fully recovered.

Persons: WeWork, —, David Tolley, Adam Neumann —, SoftBank, Regus, wasn't WeWork, I've, Masayoshi Son, Adam Neumann, Jackal Pan, Sandeep Mathrani, Neumann, Marcelo Claure Organizations: Service, WeWork, Wall Street, New York Stock Exchange, Visual China, Getty, CNBC Locations: Canada, WeWork, York

☆ Here's why shares of Apple are ready for their 'next leg up'
▼ + stars: | 2023-11-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

"I think Apple is about to have the next leg up," Jim said earlier Tuesday, citing both the headset launch and upbeat data out of China. The U.S. and China comprised the two biggest app store markets for the company, at 58% of total app revenue. Most notably, in September, The Wall Street Journal reported that Beijing had banned government employees from using iPhones and other foreign-branded devices at work — fueling a massive selloff of Apple stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Tim Cook, chief executive officer of Apple Inc., holds an iPhone 15 Pro Max during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023.

Persons: Jim Cramer, Jim, Jim Cramer's, Tim Cook, Max, David Paul Morris Organizations: Apple, Bank of America, Street Journal, " Bank of America, Huawei, Big Tech, CNBC, Apple Inc, Bloomberg, Getty Locations: China, U.S, Beijing, India, Cupertino , California

☆ Wall Street is asking how weight-loss drugs will affect consumer giants — but it may be too early to tell
▼ + stars: | 2023-11-06 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +1 min

Photographer: Caitlin O'Hara/Bloomberg via Getty ImagesIf you listen to third-quarter corporate earnings calls, it might seem like everyone is taking weight-loss drugs. Delta Air Lines , PepsiCo , Philip Morris International and Darden Restaurants are just some of the companies that faced questions from analysts about how the drugs are affecting their bottom lines. While some analysts are making sweeping claims about how obesity drugs will reshape the industries they cover, the medicines are still in the early days. Known as GLP-1s, the drugs were first approved for diabetes and are now also being used for obesity. But even so, only a sliver of eligible people are actually taking the drugs at this point, said Goldman Sachs analyst Chris Shibutani.

Persons: Caitlin O'Hara, Philip Morris, it's, Nestle –, It's, Wegovy, Goldman Sachs, Chris Shibutani Organizations: PepsiCo Inc, Bloomberg, Getty, Delta Air Lines, PepsiCo, Philip, Philip Morris International, Darden, Hershey, Conagra, Nestle, Novo Nordisk Locations: Phoenix , Arizona, U.S, Novo

☆ Stanford University Student Hurt in Possible Hate Crime
▼ + stars: | 2023-11-05 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

At Stanford University, campus police added to patrols and security after Hamas’s Oct. 7 attack on Israel. Photo: David Paul Morris/Bloomberg NewsAn Arab Muslim student at Stanford University was hurt in a campus hit-and-run that California authorities are investigating as a potential hate crime, according to the university. The incident occurred Friday afternoon as the student was crossing a street on foot, Stanford’s Department of Public Safety said.

Persons: David Paul Morris Organizations: Stanford University, Bloomberg, Stanford’s Department of Public Safety Locations: Israel, Arab, California

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