Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite

Traders Have Modest Hopes For A Trump-Xi AI Deal While we will provide a more detailed preview of the Trump/Xi summit in a subsequent post, there are signs that President Trump and his Chinese counterpart, Xi Jinping, may emerge from their upcoming summit with an agreement about the artificial-intelligence industry, an increasingly prominent flash point between the world’s two biggest economies. But, as Bloomberg's Jacob Gu  notes, fund managers say it’s unlikely to be significant enough to provide a sustainable boost to AI-related stocks. Over the weekend, Treasury Secretary Scott Bessent, after hours of...

Goldman Hikes Obesity Drug Market Forecast As Oral GLP-1s Go Mass Market The global weight-loss drug market is now expected to reach $114 billion by 2030, up from Goldman's prior $101 billion forecast, as analysts cite faster adoption of oral obesity pills, stronger demand outside the U.S., and improved affordability that is expanding the patient pool. Goldman analysts led by Asad Haider and James Quigley laid out four main drivers behind the upgraded 2030 anti-obesity drug TAM forecast (previous forecast made in Dec. 2025): 1. Higher oral vs. injectable share and...

Russia Giving Iran Targeting Intelligence Of American Warships, Aircraft: US Officials The Trump-ordered US-Israeli attack on Iran is continuing to create an array of 'unknowns' while steadily drawing in outside powers, with the most significant Friday development being The Washington Post reporting that Russia has been providing Iran with intelligence on the locations of US military assets in the Middle East, including warships and aircraft. US officials described the effort as "a pretty comprehensive effort" by Moscow, though the accuracy of the intelligence remains unclear - the paper admits. What follows is the money quote: "Russia...