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By Ludwig Burger and Maggie Fick FRANKFURT (Reuters) – Novo Nordisk has launched blockbuster weight-loss drug Wegovy in Germany, its first big European market, hoping Germans will pay hundreds of euros out of pocket for a drug that public health insurance plans are so far barred from covering. The drug, shown to help patients reduce …

Novo Nordisk weight-loss drug Wegovy launched in Germany, first big EU market Read More »

(This July 28 story has been refiled to remove the garbling in paragraph 2) By Michael S. Derby (Reuters) – Less tight financial conditions as exhibited by the red-hot stock market may increase the chances that the Federal Reserve hikes rates again before the end of the year, some economists reckon, even as financial markets …

Endgame for Fed’s tightening cycle challenged by easing financial conditions Read More »

BOGOTA (Reuters) – Colombia’s government on Saturday presented a budget proposal worth 502.6 trillion pesos ($127.8 billion) for 2024 to Congress, 19% greater than this year, the Finance Ministry said, an amount that would be the country’s highest if approved. Congress must greenlight the government’s budget by Oct. 20. The proposal includes spending 94.52 trillion …

Colombia proposes 502.6 trillion pesos 2024 budget Read More »

SANTIAGO (Reuters) -Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines. The miner expects to have a yearly production of between 1.31 million-1.35 million metric tons from 1.35 million-1.45 million tons previously …

Chile’s Codelco sees lower copper output, more stoppages in 2023 Read More »

(Reuters) -The U.S. Department of Justice could file an antitrust lawsuit against concert promoter Live Nation Entertainment and its unit Ticketmaster by the end of the year, Politico reported on Friday, citing three people with knowledge of the matter. Shares of Live Nation dropped 5% in extended trading on Friday. The company did not respond …

US DOJ may file antitrust lawsuit against Live Nation – Politico Read More »

By David Shepardson WASHINGTON (Reuters) – More than half of the Senate’s Democrats are backing the United Auto Workers’ push for higher wages and benefits for workers at Detroit Three automakers’ joint venture battery plants, they said in a letter released on Friday. The 28 senators said the workers are critical to the United States …

UAW wins Democratic senators’ support for joint venture battery workers Read More »

By Ernest Scheyder (Reuters) – Sigma Lithium is working with Bank of America to coordinate talks with parties interested in acquiring it, the chief executive of the miner, which produces the metal used to make electric vehicle batteries, told Reuters on Friday. The deal discussions come amid a supply crunch for lithium. Sigma earlier this …

Exclusive-Sigma Lithium CEO says in talks with potential buyers Read More »