Canada Has A Ukrainian Blindspot

Ozempic Slims America... And It's Lightening Truckers' Loads! Via Freightwaves.com, The freight market is no stranger to disruptive forces - tariffs, recessions, weather, economic fluctuations, and capacity crunches have all reshaped freight demand over the years. But a new contender is emerging from an unexpected corner: the widespread adoption of GLP-1 medications (think Ozempic, Wegovy, Mounjaro, and similar GLP-1 receptor agonists). These drugs, originally developed for diabetes management and now massively popular for weight loss, suppress appetite and reduce overall caloric intake. Early estimates suggest that even at current penetration levels — roughly 12%...

Russia, China Veto UN Res Authorizing Military Force To Reopen Hormuz Strait On Tuesday a UN Security Council resolution on opening the Strait of Hormuz failed due to Russia and China vetoing it. It was drafted by Bahrain and authorized countries to use military force if necessary to open the strait for the free flow of shipping and commerce. The resolution garnered 11 votes in favor, but permanent veto-wielding members China and Russia blocked it by registering no votes. This comes after days of pressure from Gulf countries to restore free passage...

Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports Yesterday when discussing China's unexpected flip-flopping on its decision to order local banks to ignore the latest US sanctions on Chinese, followed days later by a demand that they pause loans to sanctions refiners, we highlighted something remarkable: in the aftermath of the Strait of Hormuz blockade, which throttled the transit of ~10% of global oil and sent physical prices soaring to record highs (especially for Dubai crude), resulting in a windfall for European refiners thanks...