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Specialty pharmacies and online companies that have been selling off-brand copies of two blockbuster drugs for obesity and diabetes will need to phase out their versions next year under a federal decision issued Thursday. The Food and Drug Administration said that a nationwide shortage of Eli Lilly’s Zepbound and Mounjaro has been resolved, eliminating the need for copycat versions of the drugs that have become wildly popular with Americans trying to lose weight. The decision is a win for Lilly — which had been pressing the FDA to take the step for months — and is expected to impact how patients access the drugs, including how much they pay.

The Federal Reserve cut interest rates on Wednesday but projected only two further cuts next year. Here's what analysts are saying about the news.

(Bloomberg) -- Oil fell by almost 1% to settle below $70 a barrel as expectations for fewer interest-rate cuts by the US Federal Reserve boosted the dollar.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalFed officials lowered borrowing costs as expected on Wednesday, but reined in the number of reductions they expect to ma

President-elect Donald Trump's proposals of creating a Bitcoin strategic reserve, pro-crypto cabinet and growing interest from institutional investors, positioning crypto fund investments as a highly desirable approach to capitalize on the promising outlook for digital assets in 2025.

(Bloomberg) -- Mexico cut interest rates for a fourth straight meeting Thursday as inflation is slowing back to target and the economy is losing momentum. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalBanxico, as the central bank is known, lowered borrowing costs by a quarter-point to 10% in an unanimous decision. The mo

As much as $1.4 billion was lost to crypto scams and fraud in 2024, said the security firm.

Intermodal volumes are robust, even past peak retail season. What does it mean for 2025? The post Why the intermodal market is in a ‘long peak’ right now appeared first on FreightWaves.

(Bloomberg) -- It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property market collapsed. And despite a healthy rebound in the middle of 2024, the outlook for 2025 isn’t particularly encouraging.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets a

Warner Bros. Discovery (WBD) CEO David Zaslav sold over $30 million of the company’s stock this week, according to a U.S. Securities and Exchange Commission (SEC) filing.

Butter has become a sensitive subject in Poland, even sliding into political debates. The auction will aim to sell tons of butter at discounted prices.