Ozempic and booze, a CEO shooting, and Trump tariffs: Business news roundup
Ozempic and other weight loss drugs could be making people drink less, study says
Another study suggests that weight-loss meds like Wegovy (NVO) and Mounjaro (LLY) can help people cut back on drinking alcohol.
Some patients taking weight-loss drugs, including popular GLP-1 treatments, reported reducing their consumption of alcohol, according to a new study published recently in the scientific journal JAMA Network Open.
UnitedHealthcare CEO Brian Thompson was fatally shot in New York
UnitedHealthcare (UNH) CEO Brian Thompson was fatally shot in New York on Wednesday morning, according to the New York Police Department.
The New York Post, citing local police, reported that Thompson was attacked as he left the Hilton (HLT) hotel in Manhattan just before 7 a.m. ET on Wednesday. The 50-year-old was rushed to a hospital in critical condition, where he was pronounced dead.
Trump’s tariffs would ‘spell disaster’ for GM, Ford — and the rest of the auto industry
More than a month before he’s set to take office, President-elect Donald Trump is already spelling trouble for the auto industry.
Last week, he threatened to slap “ALL products” imported from Mexico and Canada with 25% tariffs, as well as 10% duties on Chinese products coming into the U.S. Withdrawing that threat is contingent on those countries making progress on work to keep drugs — namely fentanyl — from flowing into the U.S. He also demanded that Mexico and Canada keep undocumented immigrants from entering the U.S.
Jeff Bezos is betting millions on a Nvidia rival
Billionaire Jeff Bezos is throwing his weight behind a computing company that’s coming for Nvidia’s (NVDA) dominance of the artificial intelligence chip market.
Elon Musk’s DOGE has some Democratic friends on Capitol Hill
Tesla (TSLA) CEO Elon Musk’s pledge to slash trillions of dollars in government spending has found some helping hands from Democrats — some being the keyword.
Bitcoin is a competitor for gold, not the U.S. dollar, Fed Chair Jerome Powell says
While cryptocurrency fans like to float Bitcoin as a possible replacement for the U.S. dollar, Federal Reserve Chair Jerome Powell doesn’t quite see it that way.
No one knows how often health insurers deny claims. Here’s why
UnitedHealthcare (UNH) is facing increasing scrutiny for its allegedly high claim denial rate. However, since insurers try to keep these numbers hidden, the true extent of its denials remains uncertain, especially when it comes to private plans.
10 cities where home prices are expected to increase the most in 2025
After a difficult year, prospective homebuyers can expect a friendlier, less competitive housing market in 2025. But affordability will continue to be a challenge, with high home prices and mortgage rates still on the horizon.
Booking.com’s AI trip planner aims to feel like a human, CEO Glenn Fogel says
Using AI, Booking.com’s trip planner mimics the personal touch of human travel agents, making trip planning more conversational and tailored, says Glenn Fogel
AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said
The travel service executive said AI agents will be able to proactively suggest modifications to trips and improve travel