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HomeBusinessAn Ozempic rival, exploding airplane tires, Elon Musk vs. Brazil: Business news roundup

An Ozempic rival, exploding airplane tires, Elon Musk vs. Brazil: Business news roundup

by News7
An Ozempic rival, exploding airplane tires, Elon Musk vs. Brazil: Business news roundup

Image: NurPhoto / Contributor (Getty Images), Spencer Platt / Staff (Getty Images), Brandon Bell (Getty Images), Sandy Huffaker/Corbis (Getty Images), Illustration: Neil Webb/Ikon Images (AP), Photo: Michael Swensen (Getty Images), Richard Newstead (Getty Images), Apu Gomes (Getty Images), Brandon Bell (Getty Images), Apu Gomes (Getty Images)

An Ozempic needle injection pen is seen in this illustration photo.Image: NurPhoto / Contributor (Getty Images)

Viking Therapeutics VKTX is one of several pharma companies racing to break up the weight loss drug duopoly currently held by Ozempic-maker Novo Nordisk NVO and Eli Lilly LLY, the producer of Zepbound.

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An illustration of workers near an airlinerIllustration: Neil Webb/Ikon Images (AP)

A tire that exploded on a Delta Air Lines DAL-operated Boeing 757 on Tuesday morning killed two workers and injured another in Atlanta. The tragic incident is a reminder that airplanes are incredibly dangerous machines and that their engines aren’t the only component capable of unleashing serious power.

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Several major unions, including the United Auto Workers and the Writer’s Guild of America, have won major labor contracts since Oxfam’s last report. Photo: Michael Swensen (Getty Images)

Every state comes with its benefits and its drawbacks. But for Americans looking to make a living and thrive, where is the best place to work?

Well, the Boston-based nonprofit Oxfam America has an answer. The organization on Thursday released the latest edition of its annual report that examines which of the 50 states (plus Puerto Rico and the District of Columbia) have the best wages, worker protections, and support for workers looking to form a union. Each of those “52 states” are then ranked on where they stand in each category, as well as overall.

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A photo of a 10ml vial of insulin. Image: Spencer Platt / Staff (Getty Images)

Insulin is a hormone that regulates blood sugar levels in the body. For the 38 million people in the United States living with diabetes—a condition that affects how their body produces or responds to insulin—access to insulin injections is essential. However, insulin prices in the U.S. are significantly higher than in other countries. Recently, U.S. presidential candidate Kamala Harris proposed capping out-of-pocket insulin costs at $35 per month for all Americans, extending a benefit that Medicare recipients already receive under the Inflation Reduction Act.

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Photo: Richard Newstead (Getty Images)

Homeowners are beginning to give up on waiting for lower mortgage rates. That could be good news for potential homebuyers.

In the first quarter of this year, six of every seven homeowners, or 86%, have a mortgage rate below 6%, according to a Redfin analysis of the Federal Housing Finance Agency’s National Mortgage Database published Tuesday. That’s down from a record 93% in the second quarter of 2022, a sign that the lock-in effect is easing.

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X owner Elon Musk has been locked in a feud with Brazil’s Supreme Court since AprilPhoto: Apu Gomes (Getty Images)

After months of feuding between X Corp. owner Elon Musk and a Brazilian Supreme Court judge, the local financial assets of Musk’s Starlink have reportedly been blocked.

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Photo: Brandon Bell (Getty Images)

The private equity firm seeking to rescue Red Lobster turned to a familiar brand when searching for a new leader of the troubled chain.

RL Investor Holdings LLC, a new entity formed by the private equity firm Fortress Investment Group, announced Monday that Damola Adamolekun, the former CEO of P.F. Chang’s, will soon lead Red Lobster.

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A customer loads his truck after shopping at a Kroger grocery store in Houston, Texas. Image: Brandon Bell (Getty Images)

Boxes of Capri Sun juice sit on shelves at a grocery store in San Diego, California.Image: Sandy Huffaker/Corbis (Getty Images)

Capri Sun is reportedly planning to sell sleek bottles alongside its iconic pouches, reflecting how even beloved childhood staples can grow up.

The new 12 oz. bottles are expected to debut this year, according to popular Instagram food blogger Snackolator, who cited an announcement from the National Association of Convenience Stores (NACS) trade show. The annual event, taking place in October, is a major platform for unveiling new retail products and strategies.

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Elon Musk has been a big figure in the artificial intelligence industry through OpenAI, Tesla, and xAI.Photo: Apu Gomes (Getty Images)

Tesla CEO and xAI founder Elon Musk has thrown his support behind a California bill that’s divided Silicon Valley and promises to regulate the artificial intelligence industry.

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Source : Quartz

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