Trump Posts Map Depicting Hormuz As 'New' US Territory, Just After Latest Tanker Attack By Iranians

CBOE Debuts Prediction Market With S&P 500 Contracts Authored by Zoltan Vardai via CoinTelegraph.com, Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500. The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release. The contracts allow traders to take "yes" or "no" positions on whether the S&P 500 will close above or below a specified...

"Worst-Case Scenario": Novo Nordisk Plunges After Next-Gen Obesity Drug Falls Short Of Lilly Rival Shares of Novo Nordisk A/S plummeted again on Monday after the company reported trial results showing its next-generation obesity shot, CagriSema, delivered 20.2% weight loss at 84 weeks, compared to 23.6% for Eli Lilly & Co.’s tirzepatide (Zepbound). Bloomberg Intelligence analyst Michael Shah explained, "This outcome is the worst-case scenario for Novo and heightens the need for M&A with Novo’s other GLP-1/Amylin drug." Shares of Novo in Copenhagen plunged as much as 16.5%, breaking below a support level...

Waste Of The Day: Mismanagement At SF Zoo Authored by Jeremy Portnoy via RealClearInvestigations, Topline: The taxpayer-funded San Francisco Zoo "does not have a healthy or stable financial condition," according to a city audit released in May. The zoo has no written plans or budgets to guide its construction projects, and spent $12 million on them without city approval. Employees are also allegedly hiring their friends and relatives as contractors. Key facts: The zoo is required to get approval from San Francisco's Recreation and Park Commission before paying more than $50,000 for...