Eli Lilly said Wednesday that its weight-loss drug Zepbound improved symptoms in two late-stage trials of patients with obstructive sleep apnea.
Why it matters: If treating sleep apnea ultimately earns an FDA green light, it could expand insurance coverage for the drug and reshape treatment for a dangerous sleep condition affecting more than 20 million Americans.
Multiple whistleblowers alleged manufacturing and safety issues within Boeing aircraft models and dysfunctional safety culture throughout the company before a Senate panel on Wednesday.
Why it matters: The testimony comes as Congress and regulators seek to hold Boeing accountable after a mid-air blowout with one of its 737 MAX 9 jets during an Alaska Airlines flight earlier this year reignited safety concerns inside the company.
NPR senior editor Uri Berliner announced Wednesday that he is resigning from the publication, saying he "cannot work in a newsroom where I am disparaged."
Why it matters: Berliner's resignation comes shortly after he was suspended from NPR over an essay he published in an outside publication accusing the network of becoming too entrenched in a progressive worldview.
Shoppers visiting stores with Amazon's Just Walk Out technology aren't being surveilled by Amazon workers, the company's VP overseeing the product, Jon Jenkins, tells Axios.
Why it matters: Amazon is trying to correct misbeliefs and restore perception about its grab-and-go platform amid recent reports.
Ford is recalling 456,565 SUVs and pickup trucks for loss of drive power because of a low battery issue, according to National Highway Traffic Safety Administration documents.
Why it matters: The undetected low battery charge can result in a loss of electrical accessories such as hazard lights and increase the risk of a crash, records show.
Tesla is asking shareholders to authorize a pay package for CEO Elon Musk that a Delaware court recently invalidated.
The big picture: Delaware Chancery Court Chancellor Kathaleen McCormick ruled in January that Musk had not proven his $56 billion compensation deal was fairly approved.
Climeworks, one of the earliest and most prominent companies trying to draw carbon out of the air for a profit, is branching out via a carbon removal portfolio company called Climeworks Solutions.
Why it matters: This move, announced Wednesday, allows companies to pay Climeworks for verifiable carbon removals from a range of technologies.
A second U.S. senator has warned the Treasury Department against a $1.9 billion deal involving the sale of a U.S. ammunition business to a Czech arms dealer.
Why it matters: Growing opposition to Vista Outdoor's ammo unit deal with the Czechoslovakian Group (CSG) could lead to the sale being blocked.
The U.S. made remarkable strides in reducing poverty in recent decades, but one group was left behind — working-age adults who aren't raising children.
Why it matters: While key tax breaks and support programs lift a significant percentage of children, parents and older Americans out of poverty, they barely move the needle on this group, finds a striking series of papers from the Hamilton Project at Brookings released Wednesday.
Centrifuge, a platform dedicated to turning real world assets (RWAs) into loans, has raised $15 million in Series A funding led by ParaFi Capital and Greenfield.
Between the lines: The company is doubling down on delivering decentralized finance (DeFi) to institutions, a plan announced Wednesday at Token2049 in Dubai.
Australia's Great Barrier Reef has been hit by a major bleaching event affecting 73% of the iconic ecosystem, according to a new Australian government report.
The big picture: A "perfect storm of threats" including climate change and the related hottest year on record in 2023 and warmer ocean temperatures, coupled with El Niño, contributed to the bleaching, said Anna Marsden, managing director of the Great Barrier Reef Foundation nonprofit, in a Wednesday interview.
Smartmatic reached a settlement with One America News Network Tuesday in its lawsuit that accused the conservative broadcaster of peddling disinformation about the voting machine company's technology in regards to the 2020 presidential election.
The big picture: The lawsuit was one of several Smartmatic and Dominion Voting Systems filed against conservative-leaning networks and pro-Trump figures, accusing them of broadcasting baseless conspiracy theories about their voting equipment and software.
Jim Messina, a Democratic political operative who ran then-President Obama's 2012 reelection campaign, is expanding his firm internationally — with a minority investment in the London-based Global Counsel.
Why it matters: The investment by The Messina Group is another example of a strategic advisory firm looking to grow through a strategic partnership, an acquisition, or a private equity investment.
