United States News

Novo Nordisk said this year's declines won't be as bad as initially expected thanks to the new Wegovy pill, which helped fuel sales in the first quarter. For the year, the worst drop for both profit and sales will be 12%, compared with 13% earlier. Bloomberg's Sanne Wass reports from Copenhagen.

President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war. Bloomberg's Stuart Livingstone-Wallace has the latest.

Jason Pang of JPMorgan Asset Management says that "higher oil for longer will translate into a more hawkish bias" among central banks in Asia. He also tells Bloomberg Television that "Malaysia, local, remains a good exposure for investors."

For decades, the global transition to renewable energy was a project of incrementalism — a slow-moving mosaic of carbon taxes, solar subsidies, and earnest international accords that often felt more aspirational than urgent. 

Policy wonks argued over the nuances of the Inflation Reduction Act, while climate activists lamented the glacial pace of the "energy pivot."

For the better part of a decade, the gilded youth of the financial world — the "crypto-native" generation — dismissed gold as a "boomer rock." 

To them, the heavy, yellow metal was an analog relic, a petrous souvenir of an era before the lightning-fast efficiency of the blockchain. 

For years, the global defence industry existed in a sort of polite exile. 

In the era of ESG mandates and the "peace dividend," shares in weapons manufacturers were often treated as the "tobacco stocks" of the new millennium — profitable, perhaps, but unseemly. 

U.S. hiring rebounded more sharply than anticipated in March as the return of striking healthcare workers and seasonal warming bolstered payrolls, providing a temporary reprieve for a labor market increasingly clouded by Middle East conflict and trade volatility.

The U.S. government has begun denying requests from companies seeking refunds for billions of dollars in illegal tariffs, despite a landmark Supreme Court ruling that struck down the levies last month.

Global energy markets are reeling as oil tracks toward its most significant weekly gain in four years, fuelled by escalating conflict in the Middle East.