Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street

Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route Authored by Tsvetana Paraskova via OilPrice.com, The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul Ghani said on Tuesday.  “There is communication with Iran regarding allowing the passage of some Iraqi oil tankers,” the minister said in statements carried by the Iraqi News Agency (INA).  Iraq, unlike Saudi Arabia and the United Arab Emirates (UAE), doesn’t have any options – even partial – to...

Adam Back Says Quantum Threat To Bitcoin Is Decades Away, Urges Gradual Migration To Post-Quantum Security Authored by Micah Zimmerman via BitcoinMagazine.com, Blockstream CEO Adam Back pushed back on concerns that quantum computing poses an imminent threat to Bitcoin’s cryptographic security, arguing that current progress in the field remains far from the level required to break real-world encryption. Speaking in an interview with Bloomberg, Back noted that much of today’s quantum research is still in its early experimental phase. He pointed to the limited capabilities of existing quantum hardware, which often lacks full error correction and...

Trump Says Medicare Will Soon Cover Weight-Loss Drugs Authored by Aldgra Fredly via The Epoch Times, President Donald Trump announced on May 1 that Medicare patients will soon be able to obtain coverage for weight-loss drugs for $50 per month. Speaking at an event in Florida, Trump said the coverage for the weight-loss and diabetes medications will begin in July, referencing drugs that contain semaglutide, a GLP-1 receptor agonist. “Today, I’m thrilled to announce that starting on July 1, we will also provide Medicare patients with the coverage for weight-loss drugs like Ozempic,...