Europe’s pharma industry braces for tariffs as carve-out hopes fade
Economy

Europe’s pharma industry braces for tariffs as carve-out hopes fade

SEIZED OZEMPIC, WEGOVY AND OTHER WEIGHT LOSS DRUGS AT JFK AIRPORT’S INTERNATIONAL MAIL FACILITY. CNBC COPENHAGEN, Denmark — Europe’s pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by U.S. President Donald Trump fade. The pharmaceutical industry has until now been exempt from trade levies, but Trump […]

Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers
Economy

Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers

Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-Rusten | AFP | Getty Images Norway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense […]

Eli Lilly sues two pharmacies making copycat Zepbound, Mounjaro
Economy

Eli Lilly sues two pharmacies making copycat Zepbound, Mounjaro

The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly is suing two pharmacies for compounding Zepbound and Mounjaro, claiming the companies are skirting the Food and Drug Administration’s ban on the practice and luring people away from Lilly’s […]

Port of Seattle closed due to ILWU labor strife
Economy

Port of Seattle closed due to ILWU labor strife

Shipping containers at the Port of Seattle.Patti Domm | CNBCThe labor strife continues on the west coast with the announcement of the Port of Seattle shutting down due to the International Longshore and Warehouse Union (ILWU) refusing to dispatch labor to work at the container terminals. This is according to an announcement by the Pacific… […]

OpenAI closes $40 billion funding round, largest private tech deal on record
Economy

OpenAI closes $40 billion funding round, largest private tech deal on record

OpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record. The $40 billion financing values the ChatGPT maker at $300 billion, including the fresh capital. It’s nearly three times the largest amount previously raised by a private tech company, according to PitchBook. The valuation puts OpenAI behind […]