The weight-loss drug wars are heating up, with Novo Nordisk today announcing an effective price cut on Wegovy.
The big picture: GLP-1 drugs are revolutionizing obesity treatment, but their steep price tag has prevented many people from getting them.
Driving the news: Novo is launching NovoCare Pharmacy, which will sell Wegovy for $499 per month directly to cash-paying patients who don't have insurance coverage for the treatment.
Social news aggregation site Digg, an early Reddit rival that later failed, is making a comeback.
State of play: Digg's founder, Kevin Rose, bought back the site along with a surprising partner: Reddit co-founder Alexis Ohanian.
When Digg launched in 2004, it attracted an audience with a crowdsourced system that allowed users to "digg" (upvote) or "bury" (downvote) content.
It had 40 million monthly unique visitors at its peak but soon lost much of its audience to other social platforms and was sold in pieces to multiple companies in 2012.
What to watch for: The owners plan to relaunch the site, featuring sensible moderation, starting with user invitations "in the coming weeks," the NYT reports.
The U.S. Department of Agriculture must reinstate 5,900 fired employees for at least 45 days, per an order issued Wednesday by the Merit Systems Protection Board, an agency that handles federal worker complaints.
Why it matters: The Trump administration's mass firing of thousands of probationary federal workers has hit a series of legal speed bumps.
The Trump administration is easing the newly imposed tariffs on North American allies, with an auto sector carve-out that exempts the industry from import taxes for one month.
Why it matters: It offers temporary relief to a business that heavily relies on free trade with Canada and Mexico.
China vowed Tuesday that it is prepared for "any other type of war" with the U.S. after hitting back at the Trump administration's latest tariffs.
Why it matters: The tit-for-tat levies have put the world's two largest economies on track for a trade war while ratcheting up tensions between the superpowers.
The market's nerves were on full display Wednesday, as stocks whipsawed with every change in the narrative on the Trump administration's tariffs on Mexico and Canada.
Why it matters: Businesses, investors and consumers are all yearning for some clarity — instead they're being forced to endure a daily, if not hourly, drip of shifting information and conflicting priorities.
DataBank launched 20 years ago to build and operate data centers, when artificial intelligence was still widely regarded as science fiction. It's now riding the AI wave to more than 65 facilities and billions of dollars in private equity investment.
Businesses are adjustingto a volatile new policy era, especially around trade. Some early evidence out Wednesday morning indicated policy is making them slower to hire.
Why it matters: Big-picture measures of economic activity remain solid, but fast-developing White House policy — like on-again, off-again tariffs — is rattling business.
As tariffs and spending cuts ripple through the economy, it's still unclear whether softer data will remain limited to surveys of business and consumer sentiment or lead to a more meaningful slowdown.
The president announces an audacious new tariff on social media. The media breathlessly quotes economists warning of peril ahead. The economy chugs along anyway.
Why it matters: While that was the pattern in 2018 and 2019, it may offer false comfort for what is to come in 2025.
President Trump's joint address to Congress devolved, within minutes, into the nastiest partisan food fight in the history of this annual tradition.
Why it matters: It was Democrats, restless and indignant over the state of the country after six weeks of MAGA rule, who started the brawl. But it was Trump, reveling in the chaos and relentlessly on brand, who finished it.
President Trump used a joint address to Congress to double down on his commitment to being Tariff-Man-in-Chief — even as he acknowledged these taxes on imports would create a "little disturbance."
Why it matters: Trump's speech was long on promises — tariffs, reviving industry, expanding mining, egg prices — but short on detailed solutions for rising consumer costs and falling financial markets.
President Trump on Tuesday called for an end to people hundreds of years old collecting Social Security benefits — a claim his own administration has debunked.
Why it matters: Trump and his cost-cutters, like Elon Musk's DOGE, frequently make the claim in an attempt to justify the prospect of huge cuts to the Social Security Administration, if not the actual program itself.
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