Ukraine’s Zelenskiy wants missiles, faster results on battlefield

(Reuters) – President Volodymyr Zelenskiy said on Tuesday that Ukraine needed to secure and deploy advanced missiles and to achieve faster results with them on the battlefield. Speaking in his nightly video address, Zelenskiy said a meeting with top commanders had been devoted to the development of domestic weapons supplies in the more than 2-1/2-year war against Russia. This, he said, involved drones, electronic warfare and, above all, deploying missiles that would reap rapid benefits … Read more…

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Geopolitical Concerns – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Stocks rebounded last Thursday and Friday as the good news overrode negative news… Labor perked up as jobless claims were less than expected and demand for durable goods orders was strong. The Dow Jones Industrial Average snapped up 260 points Thursday with both the S&P 500 and Nasdaq Composite tracking up 0.45% and 0.6% respectively. Friday the Dow Jones hit another high for the “37th time this year.” More … Read more…

Six migrants who died after Mexican soldiers opened fire were from Egypt, Peru, El Salvador

MEXICO CITY (Reuters) – The six migrants who died after Mexican soldiers fired on the pick-up truck they were traveling in were from Egypt, El Salvador and Peru, Mexican President Claudia Sheinbaum said on Thursday. The killings, which occurred in the southern Mexican state of Chiapas on Tuesday, underscore the tensions on Mexico’s southern border as it faces U.S. pressure to contain migration. “It’s a regrettable event and it must be investigated and punished,” Sheinbaum … Read more…

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California investigating possible human case of bird flu, state says

CHICAGO (Reuters) -California is investigating a possible case of bird flu in a person who had contact with infected dairy cattle, the state’s public health department said on Thursday. The spread of the virus to cattle in 14 states and infections of 13 dairy and poultry farm workers this year have concerned scientists and federal officials about the risks to humans from further spread. Cows at dairy farms in California, the top U.S. milk-producing state, … Read more…

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Texas attorney general sues insulin makers and pharmacy middlemen over high costs

(Reuters) – The Texas attorney general has sued leading insulin manufacturers and pharmacy benefit managers (PBMs), accusing them of collaborating to inflate the cost of insulin. Texas Attorney General Ken Paxton’s office said on Thursday it had sued insulin makers Eli Lilly, Novo Nordisk and Sanofi. The office had also sued PBMs, including CVS’ Caremark, Cigna’s Express Scripts, and UnitedHealth’s OptumRx, who act as intermediaries in negotiating drug prices and coverage. WHY IT’S IMPORTANT The … Read more…

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Sabadell CEO says 2024 full-year profit could top 1.6 billion euros

MADRID (Reuters) – The CEO of Spain’s Sabadell, Cesar Gonzalez-Bueno, on Thursday said the bank could earn more than 1.6 billion euros ($1.76 billion) in net profit in 2024 if it manages to perform as well in the second half of the year as it did in the first. Sabadell is trying to fend off an around 12 billion euro hostile takeover by rival BBVA. In July, Sabadell said it expected to end 2024 with … Read more…

Tesla misses estimates for third-quarter deliveries on stiff competition

By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in China and Europe hit demand for its aging models, putting the electric-vehicle maker at risk of its first-ever decline in annual deliveries. Shares of the world’s most valuable automaker fell more than 6% in morning trading on Wednesday and were on track to erase nearly all their gains for the year. Growing consumer interest in … Read more…

OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia

By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as OpenAI’s biggest corporate backer Microsoft, and new participation from Nvidia. The closing of the funds coincides with the company’s ongoing … Read more…

Stocks stable, oil rises as wary investors eye Middle East hostilities

By Sinéad Carew and Lawrence White NEW YORK/ LONDON (Reuters) -MSCI’s global equities index was down slightly on Wednesday while the dollar rose and oil prices pared earlier gains, as investors digested U.S. economic data and anxiously waited for Israel’s response to Iran’s missile attack the previous day. Oil prices rose on worries that further escalation in the Middle East could threaten oil supplies from the world’s top producing region, but a large build in … Read more…

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Lilly to invest $4.5 billion on new facility to scale-up pipeline drug production

(Reuters) -U.S. drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new center in Indiana that will focus on developing new ways to manufacture its drugs and increasing production of experimental medicines used in clinical studies. Lilly and Danish rival Novo Nordisk are market leaders for a class of weight-loss treatments known as GLP-1 agonists, which work by suppressing appetite. Some analysts expect this market will reach $150 billion by … Read more…