Trump Strikes Out Again

First Two Ships Pass Through Strait Of Hormuz Since Ceasefire As Iran Demands Payment In Crypto Last night we reported that no less than 800 ships were still trapped in the immediate aftermath of the US-Iran ceasefire agreement, unsure what the fine print of the deal meant for transits. This morning we are down to ~798, after the first two cargo vessels have crossed the Strait of Hormuz since the ceasefire, according to ship tracking data. The Liberia-flagged Daytona Beach, destined for the United Arab Emirates, crossed just before 8am UK time, while...

Fog Of War: A World Searching For An Exit Authored by Armstrong Williams via The Epoch Times, There are moments when the world seems to be moving toward peace and war simultaneously. This is one of them. President Donald Trump continues to express hope that the conflict with Iran can be brought to an end. Iran and Oman say negotiations over shipping arrangements in the Strait of Hormuz are progressing. That is encouraging, but the moment remains fragile. Iran has attached significant conditions to reopening the strait, including compensation for wartime damage and changes in...

Lilly Slides After New Obesity Pill Prescription Data Disappoints Wall Street Shares of Eli Lilly & Co. fell in New York premarket trading after new industry prescription data for the drugmaker's blockbuster obesity shot Zepbound and recently approved oral weight-loss pill Foundayo disappointed Wall Street analysts. Foundayo generated 3,707 prescriptions in its second week, according to new prescription-tracking data from IQVIA cited by RBC Capital Markets analysts. That compares with 18,410 prescriptions for Novo's oral version of Wegovy during its second week after launch, suggesting Lilly's weight-loss drugs are falling behind...