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Eli Lilly announced that its obesity medication Foundayo significantly reduced obstructive sleep apnea severity in a late-stage trial, with plans to seek FDA approval by year-end.
Honda announced plans to invest $3 billion in a new Ohio vehicle assembly plant expected to begin production in 2029 with annual capacity for 240,000 vehicles and over 2,000 jobs.
Boeing plans to reduce its commercial airplane workforce by 5% as production increases proceed slower than anticipated, citing overstaffing relative to revised output targets.
Goldman Sachs CEO David Solomon stated that financing demand for AI infrastructure remains robust despite recent market volatility and investor concerns about returns on massive capital investments.
CVS Health announced plans to split into two publicly traded companies by the first half of 2028, separating its pharmacy retail business from its insurance and pharmacy benefit management operations.
Developing nations’ debt reached a record $9.4 trillion, with the poorest countries facing their highest borrowing costs since the late 1980s, according to World Bank data.
