Novo Nordisk Soars After New Obesity Pill Momentum Lifts Guidance

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.  Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely watched services gauge jumped to 3.5%, the highest since last November, and non-energy...

Japan Intervened In FX Market To Buy Yen With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usual round of jawboning. *KATAYAMA: WE ARE MONITORING FX MARKET WHILE YOU ARE ON HOLIDAY *KATAYAMA: WE ARE NEARING TIMING TO TAKE BOLD ACTION ON FX Then *MIMURA:...

Library Director Fired After Refusing To Remove Hundreds Of LGBT Books From Kids' Section When are these people going to learn to just leave the kids alone? A Tennessee library board has voted 8-3 to remove its top librarian, Luanne James, after she refused to carry out an order to relocate hundreds of LGBT-themed books, Critical Race Theory (CRT) and feminist propaganda books from the children's section of six Rutherford County branch libraries. James was initially ordered to relocate books containing far-left ideology from the juvenile/children's sections to the adult sections of libraries. ...