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REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) 's most senior bankers in Europe, will become the bank's head of banking in Europe as part of its planned restructuring, people familiar with the situation said. In his new role of head of the Europe cluster, the Spanish banker will look after Citi´s businesses in the region. Prior to the restructuring, Europe was part of its EMEA business unit, the second-largest region on a revenue basis, according to Citi's 2022 annual report. Gutiérrez-Orrantia was appointed in 2021 as its co-Head of Banking, Capital Markets and Advisory (BCMA) for Europe, Middle East and Africa (EMEA) and has spent 19 years at the bank. The US bank recently appointed former Deutsche Bank UK deputy CEO Tiina Lee as UK Citi Country Officer (CCO) and UK cluster and banking head.

Persons: Stefan Wermuth, Nacho Gutiérrez, Orrantia, Jens Welter, Jane Fraser, Ernesto Torres, Tiina Lee, Andres Gonzalez, Pablo Mayo Cerquerio, Anousha Sakoui, Louise Heavens Organizations: Citibank, City of, REUTERS, Reuters, Citi, EMEA, Banking, Capital Markets, Advisory, Bilbao, Credit Suisse, Deutsche Bank UK, Citi Country, Thomson Locations: City, City of London, Europe, Spanish, Middle East, Africa, EMEA, America, Asia South, Asia, Australia, Japan

"Coal in North Macedonia represents 40% of the energy source, so it's very big, it's very important," EBRD President Odile Renaud-Basso told Reuters. Both of its coal-fired plants are ageing, outdated and run on lignite, the most polluting type of coal. An IFC spokesperson said the green transition, including in North Macedonia, was one of its key priorities, but that it was not in a position to confirm any plan details. "The world's richest countries need to work with the multilateral development banks to find effective, structural ways to channel significantly scaled up energy transition finance," he said. North Macedonia joined the Powering Past Coal Alliance, a group of countries committed to phasing out coal-fired power, in 2021.

Persons: Odile Renaud, Basso, COP27, REK, Renaud, Leo Roberts, E3G, Kate Abnett, Kirsten Donovan, Louise Heavens Organizations: European Bank for Reconstruction, World Bank, Reuters, Investment, United Nations, Climate Investment Funds, International Finance Corporation, IFC, Bank, Past Coal Alliance, Union, Thomson Locations: Dubai, wean, Macedonia, North Macedonia, South Africa, Indonesia, Vietnam, Senegal, North, Skopje, Europe, Macedonian, Pakistan, Colombia, Ukraine

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

☆ Zelenskiy says Ukraine, US will hold military industry conference next month
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Ukraine's President Volodymyr Zelenskiy addresses a meeting of the Ukraine Defense Contact Group ahead of a two-day NATO Defense Ministers Council at the alliance headquarters in Brussels, Belgium, October 11, 2023. Olivier Matthys/Pool via REUTERS/File Photo Acquire Licensing RightsNov 17 (Reuters) - Ukraine and the United States will hold a military industry conference in December, Ukrainian President Volodymyr Zelenskiy said on Friday. "During my visit to Washington, President Biden and I agreed on specific steps we can take together. In October, Ukraine set up a joint defence venture with German arms manufacturer Rheinmetall AG (RHMG.DE) to service and repair Western weapons. In September, it hosted an international defence industry forum with more than 250 Western weapons producers.

Persons: Volodymyr Zelenskiy, Olivier Matthys, Kiyv, Zelenskiy, Biden, Yuliia Dysa, Louise Heavens, Heavens Organizations: Ukraine Defense Contact, NATO Defense, Ukrainian, Rheinmetall AG, Thomson Locations: Ukraine, Brussels, Belgium, United States, Kyiv, Washington

[1/3] Liberia's opposition Unity Party Joseph Boakai waves to his supporters as holds his final campaign rally for the presidential elections in Monrovia, Liberia October 7, 2023. The result marks a stark turnaround from 2017, when global soccer legend Weah, buoyed by a wave of hope, trounced Boakai with 62 percent of the vote. "A few moments ago, I spoke with president elect Joseph Boakai to congratulate him on his victory," Weah said on national radio. Instead, Boakai supporters in the capital Monrovia danced, shouted and honked car horns in the rain after the near-final results were announced. Many felt that Weah did not follow through on promises to alleviate poverty and improve the country's crumbling infrastructure.

Persons: Unity Party Joseph Boakai, Carielle, Boakai, George Weah, Joseph Boakai, Weah, Sarkor, Doe, Alphonso Toweh, Edward McAllister, Anait, Louise Heavens, Jonathan Oatis, Cynthia Osterman Organizations: Unity Party, Reuters, Boakai, Thomson Locations: Monrovia, Liberia, West Africa, MONROVIA, West, Central Africa

Boakai led with 50.89% of the vote over Weah's 49.11%, according to results from 99.6% of polling stations, the country's elections commission said on Friday. Final results are expected in the coming days. Boakai, a softly spoken career politician, was more than 28,000 votes ahead of Weah, according to the latest results. Arkoi Sarkor, 43, told Reuters she supported Boakai because she was not able to get a job during Weah's term. "We can safely declare victory – Boakai is the next president, but we will wait for the final result before celebrating," Boakai's spokesperson Amara Konneh said in an interview.

Persons: Unity Party Joseph Boakai, Carielle, Joseph Boakai, George Weah, Boakai, Arkoi Sarkor, Boakai's, Amara Konneh, Carielle Doe, Alphonso Toweh, Anait Miridzhanian, Edward McAllister, Louise Heavens, Jonathan Oatis Organizations: Unity Party, Reuters, Boakai, Thomson Locations: Monrovia, Liberia, MONROVIA, West, Weah

☆ Volvo Cars shares drop to record low as Geely trims stake
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The sale of the 3.4% stake leaves Geely with a holding in Volvo Cars of 78.7%, the Chinese company said in a statement. Proceeds received by Geely Holding are intended to be used to support business development within the group," it added. It allows a wider base of shareholders to invest in Volvo Cars," the Swedish company's CEO Jim Rowan said in a statement. At 0926 GMT, Volvo Cars shares were down 10.9% at 36.38 crowns, having traded as low as 35.25 crowns. Geely Holding has committed to a lock-up period of 90 days for its remaining shareholding, "subject to customary exceptions and waivers" by the bookrunners.

Persons: Aly, China's Geely, bookrunners, Jim Rowan, Goldman Sachs, SEB, Geely, Terje Solsvik, Louise Rasmussen, Mark Potter Organizations: Volvo, Auto Shanghai, REUTERS, Rights, Swedish, HK, Volvo Cars, Geely, BNP, Marie Mannes, Thomson Locations: Shanghai, China, Rights OSLO, Swedish, Oslo, Stockholm

☆ Hedge fund Qube makes $835 million bet against HSBC shares
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Hedge fund Qube Research & Technologies has made a 672 million pound ($835.43 million) bet against the shares of HSBC (HSBA.L), a regulatory filing showed. The hedge fund, spun out from Credit Suisse, has taken a short position in HSBC shares worth 0.57% of the lender's market capitalisation, the filing with Britain's Financial Conduct Authority shows. It comes after HSBC reported disappointing third-quarter profits amid losses from its China real estate exposure. A short position is a bet that a company's stock price will decline. The short position was first reported by the Financial Times on Friday.

Persons: Dado Ruvic, Qube, Lawrence White, Louise Heavens Organizations: HSBC Bank, REUTERS, Research, Technologies, HSBC, Credit Suisse, Britain's Financial, Authority, FCA, Financial, Thomson Locations: China

HENRICO, Va. (AP) — Susanna Gibson lost her Virginia legislative race this month, but she may not be done with politics. But that is my plan.”Gibson said she had no idea the videos existed until they were brought to her attention by reporters. “What is newsworthy is abortion rights are on the line in Virginia,” she said. She won a competitive June primary and centered her message to voters on protecting abortion rights as the state's Republican governor, Glenn Youngkin, pledged to enact stricter limits. Abortion rights groups and a leading LGBTQ+ advocacy group continued to support her campaign.

Persons: — Susanna Gibson, Gibson, I’m, ” Gibson, —, Daniel Watkins, ”, ” Ken Nunnenkamp, Roe, Wade, Glenn Youngkin, “, loitered, Louise Lucas, Gibson's, Han Jones, David Owen, Terry McAuliffe, Watkins, she's, Virginia’s, Mary Anne Franks, Franks, Matthew Barakat Organizations: Associated Press, Republican Party of Virginia, University of Virginia, Columbia University, Republican, Democratic Party, Virginia, District, Democratic, FBI, George Washington University Law School Locations: HENRICO, Va, Virginia, Henrico

The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S., December 17, 2019. The tough new legislation targets 22 "gatekeeper" services, run by six tech companies - Microsoft (MSFT.O), Apple (AAPL.O), Alphabet's (GOOGL.O) Google, Amazon (AMZN.O), Meta and ByteDance's TikTok. While details of Apple's legal challenge have not been made public, Bloomberg News reported last week the company would challenge the inclusion of its App Store on the list of gatekeepers. Fellow tech giants Meta (META.O) and TikTok had already filed appeals disputing the Commission's decision to include their services. In its appeal, Meta said it disagreed with the Commission's decision to designate its Messenger and Marketplace services under the DMA.

Persons: Mike Blake, TikTok, Meta, Martin Coulter, Louise Heavens Organizations: REUTERS, European Commission, Justice, European Union, Microsoft, Apple, Google, Meta, Bloomberg News, Facebook, Thomson Locations: La Jolla , California, U.S, Europe

SAN FRANCISCO (AP) — K-pop superstar Rosé said Friday at a mental health awareness event hosted by first lady Jill Biden that it's important for the world to understand that famous people grapple with emotional struggles, too. Rosé, a part of the supergroup BLACKPINK, said having a large social media following makes her feel vulnerable, particularly when people are critical. “People who are older -- we never, ever spoke about mental health,” Biden said. Apple CEO Tim Cook opened the event but blanked briefly when the teleprompter went out. Cook recovered, telling the crowd he'd “go ahead and ad lib," then thanked everyone for coming and introduced the first lady.

Persons: —, Rosé, Jill Biden, there’s, ”, ” Biden, Vivek Murthy, Tim Cook, “, Cook, Wan, Wan Ismail, you’ve, ” Cook, ” Kim Keon Hee, Rachael Marape, Louise Araneta Organizations: FRANCISCO, Apple, Economic Cooperation, Marcos Locations: Cupertino, Asia, Pacific, California, Malaysia, South Korea, Papua New Guinea, Philippines

☆ The Wild Legal Theory to Save Jim Harbaugh
▼ + stars: | 2023-11-15 | by ( Louise Radnofsky | Andrew Beaton | ) www.wsj.com time to read: 1 min

Michigan Law professor Daniel Crane was speaking at the Federalist Society’s national lawyers convention last week when the assembled legal wonks kept stopping him to discuss something that wasn’t on the originalism agenda: the explosive sign-stealing scandal engulfing his school’s football team. After Crane’s beloved Wolverines drew the wrath of the college sports world, Crane cooked up a novel theory in their defense. In perhaps the spiciest piece ever to hit the Yale Journal on Regulation, Crane argued that the NCAA bylaw Michigan is accused of violating may be unenforceable—because it violates antitrust law.

Persons: Daniel Crane, wonks, Crane’s, Crane Organizations: Michigan, Federalist Society’s, football, Wolverines, Yale

☆ Madeleine Carroll portrait, first 'Hitchcock Blonde', headed to auction
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

"Mrs Philip Astley, nee Madeleine Carroll", a portrait of the actress Madeleine Carroll by the artist Philip Alexius de Laszlo, is seen on display at Christie's auction house in London, Britain November 15, 2023. NO ARCHIVES Acquire Licensing RightsLONDON, Nov 15 (Reuters) - A portrait of actress Madeleine Carroll, who was considered the first "Hitchcock Blonde", is headed for auction next month, with a price estimate of around $60,000 - $87,000. Hungarian artist Philip Alexius de Laszlo painted the portrait in 1935, the same year Carroll starred in Alfred Hitchcock's spy thriller film "The 39 Steps". The portrait, called "Mrs Philip Astley, née Madeleine Carroll", will be offered at Christie's British & European Art sale on December 14 during its "Classic Week" in London, with a price estimate of 50,000 - 70,000 pounds ($62,285 - $87,200). ($1 = 0.8028 pounds)Reporting by Marie-Louise Gumuchian and Madhurima Dutta, Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Philip Astley, nee Madeleine Carroll, Madeleine Carroll, Philip Alexius de Laszlo, Will Russell NO, Carroll, Alfred Hitchcock's, née Madeleine Carroll, de Laszlo, Peter Brown, Marie, Louise Gumuchian, Madhurima Dutta, Alexandra Hudson Organizations: REUTERS, European, Reuters, Alexandra Hudson Our, Thomson Locations: London, Britain, Hungarian, Christie's

☆ Staffing shortages, outdated facilities threaten US air safety -- report
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The panel, named by the Federal Aviation Administration (FAA), released a 52-page report citing problems that included shortages of air traffic controllers, technology issues, outdated systems and dramatic funding needs. It cited aging FAA air traffic control facilities with leaking roofs, broken heating and air conditioning systems and old surveillance radar systems that must soon be replaced at a cost of billions of dollars. A government watchdog report said in June critical air traffic facilities face significant staffing challenges, posing risks to air traffic operations. The FAA said in March it was taking steps to improve air traffic control operations, which are short-staffed. "There is no question that we are seeing too many close calls," the head of the FAA's air traffic organization told employees.

Persons: LaGuardia, Brendan McDermid, Michael Huerta, David Shepardson, Louise Heavens, Nick Zieminski, David Gregorio Our Organizations: REUTERS, Rights, Federal Aviation Administration, FAA, National Transportation, New York, Southwest Airlines, Boeing, Cessna, Thomson Locations: New, New York City , New York, U.S, New York City, San Diego

People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsSummaryCompanies Move follows Hungary govt exit from Erste unitGovt raising financing for airport transactionExit 'good news' for sector's stability -EBRDBUDAPEST, Nov 15 (Reuters) - The European Bank for Reconstruction and Development is selling its 15% stake in Erste Group Bank's (ERST.VI) Hungarian unit back to the Austrian group after the Hungarian government's recent exit from the bank, a top EBRD official told Reuters. Austrian lender Erste said on Friday it was repurchasing a 15% stake in its Hungarian subsidiary, currently held by Hungarian state-owned Corvinus International Investments. Francis Malige, EBRD managing director of financial institutions, said the investment had been designed to help the Hungarian bank recapitalise while supporting a positive relationship with the authorities. "We received a call notice from Erste last Friday and are proceeding with the sale of our stake to the group, based on terms agreed during our 2016 investment."

Persons: Alishia, Viktor Orban, Marton Nagy, Francis Malige, Malige, Orban, Gergely Szakacs, Louise Heavens Organizations: European Bank for Reconstruction, REUTERS, Erste Group, Reuters, Economic, Budapest Airport, Austrian, Erste, International Investments, Erste Bank, Thomson Locations: Canary Wharf, London, Britain, Hungary, Erste, BUDAPEST, Austrian, Hungarian, Erste Bank Hungary

☆ Greece's National Bank attracts strong demand in 20% stake sale - source
▼ + stars: | 2023-11-15 | by ( Lefteris Papadimas | ) www.reuters.com time to read: +2 min

"Demand covered 6.2 times the shares offered," the source involved in the process said on condition of anonymity. On Monday, HFSF concluded the sale of a 9% stake in Alpha Bank to UniCredit and announced plans to sell a 20% stake in NBG. The value of the 20% stake is estimated at about 1 billion euros ($1.09 billion). HFSF currently holds a 40.4% stake in NBG and a 27% holding in Piraeus Bank, (BOPr.AT), Greece's third-largest lender. A source told Reuters on Monday that out of the 20% stake in NBG, 17% would be offered to funds and 3% to retail investors.

Persons: Alkis, HFSF, Greece's, JP Morgan, Goldman Sachs, Morgan Stanley, Lefteris Papadimas, Louise Heavens, Sharon Singleton Organizations: National Bank, REUTERS, Rights, Greece's National Bank, Reuters, P Global, Alpha Bank, Piraeus Bank, UBS, Thomson Locations: Athens, Greece, UniCredit, NBG

☆ UBS predicts tricky start to 2024 for emerging market assets
▼ + stars: | 2023-11-14 | by ( Marc Jones | ) www.reuters.com time to read: +1 min

LONDON, Nov 14 (Reuters) - Analysts at investment bank UBS have predicted that emerging market (EM) assets are likely to have a difficult start to 2024 before picking up and finishing the year with respectable gains. The Switzerland-based bank's outlook forecast that EM fixed income would return 8-10% next year, EM equities 6-8% and 1-3% for spot FX gains, with "most returns backloaded". "With risk premia now highly compressed, we think even a mild U.S. recession can first see EM assets pull back. So be careful what you wish for," the bank's report said. Reporting by Marc Jones, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Marc Jones, Louise Heavens Organizations: UBS, FX, Thomson Locations: Switzerland

☆ Orsted's finance and operations chiefs out after big losses
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and delays in the supply chain struggling to cope with growing demand. Orsted, the world's largest offshore wind developer, on Nov. 1 scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments after delays, partly due to vessel availability, meant costs soared. "Together with the finance team and the group executive team, Rasmus Errboe will lead the work on supporting Orsted's capital structure and long-term commitment to its credit rating," the company said. Board member Andrew Brown, who has executive experience from Shell and Portugal's Galp, was appointed interim COO, Orsted said. The company said contracts it had signed for its U.S. offshore wind projects were secured recently and were therefore more reflective of current costs.

Persons: Tom Little, Rasmus Errboe, Andrew Brown, Daniel Lerup, Richard Hunter, Orsted, Mads Nipper, Nipper, Essi Lehto, Susanna Twidale, Louise Rasmussen, Mark Potter Organizations: REUTERS, Shell, RWE, Thomson Locations: Nysted, Denmark, HELSINKI

☆ Iceland shields geothermal plant from risk of volcanic eruption
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

[1/3] Streetworks continue, after cracks emerged on a road due to volcanic activity near Grindavik, Iceland obtained by Reuters on November 14, 2023. Iceland's Justice Minister Gudrun Hafsteinsdottir told state broadcaster RUV that a large dike has been designed to protect the Svartsengi geothermal power plant, located just over six kilometers from Grindavik. A spokesperson for HS Orka, operator of the power plant, told Reuters that the plant supplies power to the entire country although a disruption would not impact power supply to the capital Reykjavik. Seismic activity in southwestern Iceland decreased in size and intensity on Monday, but the risk of a volcanic eruption remained significant, the Icelandic Meteorological Office said in a statement. As of late Monday evening, the volcanic hazard assessment in and around Grindavik was unchanged from Sunday.

Persons: Gudrun Hafsteinsdottir, Louise Breusch Rasmussen, Johannes Gotfredsen, Jacob Gronholt, Pedersen, Christina Fincher Organizations: Reuters, Administration, Facebook, REUTERS Acquire, Rights, Iceland's, RUV, HS, Icelandic Meteorological Office, Thomson Locations: Grindavik, Iceland, Reykjavik, Icelandic

☆ Airbaltic orders another 30 Airbus A220-300
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Nov 13 (Reuters) - Latvian airline Airbaltic said on Monday it had placed an order for another 30 Airbus (AIR.PA) A220-300 passenger jets, along with options for another 20. Chief Executive Martin Gauss said the airline had experienced a "difficult summer" due to some groundings caused by shortages of Pratt & Whitney engines, but that the situation had stabilised with no unscheduled groundings for now. The move comes as the airline prepares for an initial public offering (IPO) in late 2024, for which the tentative business plan envisages up to 100 aircraft by 2030. Reporting by Tim Hepher, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Airbaltic, Martin Gauss, Tim Hepher, Louise Heavens Organizations: Airbus, Pratt & Whitney, Thomson Locations: DUBAI, Latvian

☆ Novo Nordisk shares rise as Wegovy shows heart benefits beyond weight loss
▼ + stars: | 2023-11-13 | by ( Maggie Fick | ) www.reuters.com time to read: +3 min

LONDON, Nov 13 (Reuters) - Novo Nordisk (NOVOb.CO) shares rose 3% on Monday as the market reacted to data the drugmaker presented over the weekend showing that the heart protective benefits of its popular obesity drug Wegovy are not solely due to weight loss. Wegovy is part of a class of drugs that mimic a gut hormone that helps regulate blood sugar and appetite. U.S. companies across sectors such as food and beverage makers have addressed investor concerns on the potential impact to their businesses from the growing popularity of the promising weight-loss drugs. Novo was first to market with its highly effective weight loss drugs. At the close of markets on Friday, Novo's shares were up 47.5% this year.

Persons: Markus Manns, Jefferies, Wegovy, Novo, Eli Lilly's, Lilly, Novo's, Maggie Fick, Boleslaw Lasocki, Medha Singh, Louise Heavens Organizations: Novo Nordisk, Novo, Union Investment, Reuters, Pfizer, Jefferies, U.S, Thomson Locations: United, Germany, Novo, U.S, Bengaluru

☆ Risk of volcanic eruption in Iceland remains high
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

COPENHAGEN, Nov 13 (Reuters) - Seismic activity in southwestern Iceland decreased in size and intensity on Monday, but the risk of a volcanic eruption remained significant, authorities said, after earthquakes and evidence of magma spreading underground in recent weeks. Thorvaldur Thordarson, professor in vulcanology at the University of Iceland, said most recent data indicated a smaller risk of an eruption in the area around the town of Grindavik. [1/5]A view of cracks, emerged on a road due to volcanic activity, near Grindavik, Iceland November 13, 2023. Volcanic activity in the area continued for six months that year, prompting thousands of Icelanders and tourists to visit the scene. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year.

Persons: Matthew James Roberts, Thorvaldur Thordarson, Grindavik, Hans Vera, Vera, It's, Louise Rasmussen, Tom Little, Jacob Gronholt, Pedersen, Johannes Birkebaek, Ilze, Essi, Alex Richardson Organizations: Icelandic Meteorological, University of, Administration, Facebook, REUTERS Acquire, Thomson Locations: COPENHAGEN, Iceland, Reykjavik, vulcanology, University of Iceland, Grindavik, Belgian, Copenhagen, Stockholm, Helsinki

☆ Pfizer wants in on the weight loss drug market – and upcoming data will be crucial for its success
▼ + stars: | 2023-11-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

As its Covid gains evaporate, Pfizer wants a chunk of the budding weight loss drug market. Those companies helped spark the weight loss drug industry gold rush over the last year with their weekly obesity and diabetes injections, such as Novo Nordisk's Wegovy and Ozempic and Eli Lilly's Mounjaro. They want to see the drug cause a similar level of weight loss as a once-daily pill from Eli Lilly. "If Pfizer's data is positive, then I think people might be able to look beyond all this Covid overhang," Cantor Fitzgerald analyst Louise Chen told CNBC. A weight loss pill could be a boon for all three companies.

Persons: Eli Lilly, Eli Lilly's Mounjaro, Albert Bourla, –, Cantor Fitzgerald, Louise Chen Organizations: Pfizer, Novo Nordisk, Nordisk's Wegovy, CNBC

"These investments are being made in areas with very high growth," Christel Bories, Eramet's chair and CEO, told Reuters. "Lithium is not tied to world economic growth, it's tied to the development of batteries and the energy transition." A $400 million deal with Glencore (GLEN.L) to market lithium from the project's first stage will mostly cover Eramet's financing needs for the next tranche, Bories said. In Chile, meanwhile, the group said it had acquired for an initial $95 million a 120,000-hectare lithium concession in the Atacama region. Reporting by Gus Trompiz, Editing by Charlotte Van Campenhout and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, it's, Bories, Eramet's, Gus Trompiz, Charlotte Van Campenhout, Louise Heavens Organizations: National Reserve, REUTERS, Rights, Reuters, Centenario, BASF, Koniambo, SAS, Thomson Locations: Antofagasta region, Chile, Argentina, Indonesia, Centenario, Atacama, Gabon, China, New Caledonia, SLN

☆ After a Key Win, Michigan Girds for Its Next Battle: Freeing Jim Harbaugh
▼ + stars: | 2023-11-12 | by ( Andrew Beaton | Louise Radnofsky | ) www.wsj.com time to read: 1 min

The emotional aftermath of Michigan’s key win over Penn State on Saturday turned into a celebration of the one person notably absent: Jim Harbaugh, the Wolverines’ coach who had been suspended by the Big Ten over alleged sign-stealing. Offensive coordinator Sherrone Moore, who filled in as acting head coach, gave a profanity-laced postgame interview thanking both God and his suspended boss. A player held up a white board with “FREE JIM” scrawled on it. Quarterback J.J. McCarthy pointed at a television camera and proclaimed: “Love you, coach.”

Persons: Jim Harbaugh, Sherrone Moore, JIM ” scrawled, J.J, McCarthy, ” Organizations: Penn State, Wolverines, Big

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