TipsForTraders

Novo Nordisk finds compounded Wegovy up to 33% impure, sues Florida pharmacies

reuters | December 1, 2023

By Patrick Wingrove (Reuters) -Novo Nordisk said on Thursday it sued one compounding pharmacy and refiled a lawsuit against another after finding their products claiming to contain the active ingredient for its in-demand weight-loss drug Wegovy were impure, some by as much as 33%. The Danish drugmaker said it found impurities in all the drugs […]

Starting at $60,990, Tesla’s Cybertruck is priced 50% higher than initial estimate

reuters | December 1, 2023

By Akash Sriram, Hyunjoo Jin and Abhirup Roy (Reuters) -Tesla’s long-delayed Cybertruck will be priced starting at $60,990, over 50% more than what CEO Elon Musk had touted in 2019 and a cost analysts have said will draw select, affluent buyers. The truck, made of shiny stainless steel and shaped into flat planes, is partly […]

Panama president directs First Quantum to shut copper mine after court ruling

reuters | November 28, 2023

By Elida Moreno and Valentine Hilaire PANAMA CITY (Reuters) – Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its contract unconstitutional. President Laurentino Cortizo said in a televised address on Tuesday evening that “the orderly and safe […]

Biden’s clean energy agenda faces mounting headwinds

reuters | November 28, 2023

(This Nov. 24 story has been officially corrected to fix tracking firm LevelTen’s data to show that solar contract prices reached their highest level this decade, not ever, in paragraph 14) By Nichola Groom and Jarrett Renshaw (Reuters) – Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage […]

Volkswagen to reduce headcount at ‘no longer competitive’ VW brand

reuters | November 27, 2023

BERLIN (Reuters) -Volkswagen’s 10 billion euro ($10.9 billion) savings programme will include staff reductions, managers told staff on Monday as brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive. The German carmaker is in the midst of negotiations with its works council over a cost-cutting scheme at its […]

Judge finds evidence that Tesla, Musk knew about Autopilot defect

reuters | November 22, 2023

By Hyunjoo Jin and Dan Levine (Reuters) -A Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, in the Circuit Court for Palm Beach County, […]

Texas AG sues Pfizer over quality-control lapses in kids’ ADHD drug

reuters | November 21, 2023

By Brendan Pierson (Reuters) -Texas Attorney General Ken Paxton accused Pfizer and its supplier Tris Pharma of providing children’s ADHD medicine that it knew might be ineffective to the state’s Medicaid insurance program for low-income people, in a lawsuit unsealed on Monday. The lawsuit, filed in Harrison County, Texas District Court, alleges that Pfizer and […]

US SEC sues Kraken crypto exchange over failure to register

reuters | November 21, 2023

By Jonathan Stempel (Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. The lawsuit in San Francisco federal court is the latest step in SEC Chair Gary Gensler’s […]

Retail investors crowd into Eli Lilly after weight-loss drug approval

reuters | November 17, 2023

By Bhanvi Satija and Amruta Khandekar (Reuters) – Retail flows into Eli Lilly spiked to a more than two-year high in November, as small investors rushed to buy the stock after the U.S. pharma major received a highly anticipated approval for its weight-loss drug Zepbound. Daily net purchases surged to $14.4 million on Nov. 8, […]

Lithium miner SQM loses $1 billion in market value as lower prices dent profit

reuters | November 16, 2023

By Sarah Morland (Reuters) -Chile’s SQM, the world’s second-largest lithium producer, saw more than $1 billion wiped from its market value on Thursday as investors reacted to a third quarter profit hammered by sliding prices of the key battery metal. SQM’s Santiago-listed shares had lost around 8% by early afternoon trading, accounting for some 1 […]

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