Author: FX
imaginima/iStock via Getty Images Most of the United States will face an elevated risk of blackouts if summer weather turns extreme, extending into parts of the southeast U.S. for the first time, according to the regulatory body that oversees power grid stability. Energy supply should be adequate to meet normal summer peak demand, but “if summer temperatures spike and become more widespread, the U.S. West, Midwest, Texas and Southeast United States, New England and Ontario may experience resource shortfalls,” the North American Electric Reliability Corp. said this week in its 2023 Summer Reliability Assessment. Extreme heat events put the western…
US President Biden is in Japan for the G7 leaders’ summit.While the cat’s away the mice are not making progress. This is the latest out of Washington politics surrounding the debt ceiling negotiations:US House Speaker Republican Kevin McCarthy said he is not seeing progress while the President is away – “Unfortunately, the White House moved backwards,” McCarthy told reporters (link to US politics media, The Hill, for more if you are interested) Meanwhile on the Dem side, this is from another US politics media source, Politico reporter tweet:”Democrats in the White House and on Capitol Hill say negotiations are going…
© Reuters The demand for self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service. Incidents like the collapse of FTX in 2022 have raised awareness of the need for a secure way to store Ethereum and Ethereum tokens such as stablecoins, Lopp said: Continue Reading on Coin Telegraph Source link
Teva long-acting schizophrenia drug Uzedy reduces relapse risk up to 80% Source link
Mario Tama/Getty Images News Ozempic, Novo Nordisk’s (NVO) best-selling drug, will achieve annual sales of $17B by 2029 as it will continue its dominance in the diabetes market, according to a new report. Data analytics and consulting company GlobalData expects Ozempic (semaglutide) sales to rise 23% in 2023 compared to last year to $12.5B. In Q1 2023, Novo (NVO) reported Ozempic revenue of DKK 19.64B (~$2.85B). GlobalData noted that Ozempic sales this year will be 54% higher than its closest competitor, Eli Lilly’s (NYSE:LLY) Trulicity (dulaglutide), which is forecast to have $8B in sales. Both are glucagon-like peptide-1 receptor agonists…
belterz Distress in corporate finance is increasing. In the near-zero interest rate environment during the pandemic and through February 2022, corporations could take on more debt or extend existing debt without adding much to their debt burdens. In addition, government support helped keep many U.S. businesses afloat during pandemic lockdowns. That helped keep corporate and personal bankruptcy filings low. Since then, fiscal relief has disappeared. And with the Federal Reserve pushing up its policy rate by 500 basis points in 15 months, financing costs have jumped. For some it was too much. U.S. corporate bankruptcy filings in January-April 2023 rose…
(Reuters) -Three people died when their light aircraft crashed on Saturday morning in Switzerland’s Ponts-de-Martel area close to the French border, the Swiss police said. The crash occurred around 10:20 in the morning local time (0820 GMT) in a forest near the village of La Combe Dernier in the canton of Neuchâtel, the local police said. The pilot and his two passengers died at the scene of the accident. Rescue operations proved difficult because the crash occurred on particularly steep terrain, the police said. The cause of the accident was not immediately known, but an investigation has been launched, they…
US EQUITIES TALKING POINTS:FORECAST: NEUTRALUS Equities Enjoyed a Strong Week with Fridays Losses Proving the only Blip. Can the Rally Continue?Nasdaq 100 Looks Ripe for a Retracement Supported by the 14-day RSI now in Overbought Territory.US Debt Ceiling Developments Key to Further Upside in US Equities. Recommended by Zain Vawda Get Your Free Equities Forecast READ MORE: Debt Ceiling Blues, Part 79. What Happens if the US Defaults?US INDICES WEEK IN REVIEWUS indices finished with somewhat of a whimper on Friday given the impressive rally this week. Markets opened the week with a wee bit of caution as the US…
© Reuters. Leaders and delegates pose for a photo ahead of a G7 working session on food, health and development during the G7 Summit in Hiroshima, Japan, Saturday, May 20, 2023. Susan Walsh/Pool via REUTERS By Kantaro Komiya and Supantha Mukherjee TOKYO (Reuters) -Leaders of the Group of Seven (G7) nations on Saturday called for the development and adoption of international technical standards for trustworthy artificial intelligence (AI) as lawmakers of the rich countries focus on the new technology. While the G7 leaders, meeting in Hiroshima, Japan, recognised that the approaches to achieving “the common vision and goal of trustworthy…
EUR/USD ANALYSISPowell lays the groundwork for a EUR comeback.US economic data under the spotlight including core PCE, GDP and durable goods orders.Key area of confluence in question this week. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL FORECAST: BULLISHThe euro heads into the week on the front foot after Fed Chair Jerome Powell’s comments saw Fed interest rate probabilities ‘dovishly’ re-priced. The likelihood of another 25bps hike in June has now been diminished while European Central Bank (ECB) officials continue on their hawkish path.German data will lead the way from a eurozone perspective being the major economic…