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Lilly’s Weight-Loss Pill Wins US Approval

The U.S. Food and Drug Administration on Wednesday approved Eli Lilly's weight-loss pill, making it the second to market after Novo Nordisk's oral Wegovy, as the companies fight to capture more customers with the convenience of pills over injectables. The Lilly drug, orforglipron, which will be sold under the brand...

Oil Slides as Middle East Uncertainty Keeps Markets on Edge

Oil reversed earlier gains on Wednesday as uncertainty over the situation in the Middle East unnerved markets and U.S. President Donald Trump again suggested the U.S.-Israeli war with Iran could be nearing an end. The front-month Brent contract for June fell $1.85, or 1.8%, to $102.12 per barrel at 1414...

US Business Inventories Unexpectedly Fall in January

U.S. business inventories unexpectedly fell in January amid a large decline in stocks at wholesalers, suggesting inventory investment could weigh on economic growth in the first quarter. Inventories dipped 0.1% after being unchanged in December, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had expected that...

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