Patients could wean themselves off blockbuster obesity drugs such as Ozempic or Wegovy without piling the pounds back on, according to a scientific study. Data presented at the European Congress on Obesity in Venice, Italy on Sunday provides some of the first evidence that it could be possible to stop taking Novo Nordisk’s Ozempic or Wegovy and not regain any weight that has been lost — as long as a healthy lifestyle is maintained. When drugs like Ozempic and Eli Lilly’s Zepbound were first launched, they were pitched as long-term medicines, with research indicating that patients regain large amounts of…
Author: insighter
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media. Courtesy: Guerrero Media When the National Hockey League’s Arizona Coyotes sold its franchise to Utah last month, the league didn’t just lose an Arizona-based team — it also lost its only active Latino chief executive. Born in Guadalajara, Mexico, Xavier Gutierrez became the Arizona team’s CEO in 2019 after Alex Meruelo, a Cuban-American billionaire, bought the Coyotes a year earlier. Gutierrez had previously been a managing director at private equity firm Clearlake Capital Group and knew Meruelo for about…
A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their personal tax bills — sometimes to nothing. Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by ProPublica and The New York Times. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the…
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the reasons behind the pricing, Freedom Capital Markets auto analyst Michael Ward said Ford’s nearly 130% jump in battery electric vehicle (BEV) sales last month should be viewed as a positive. “Ford has issues with pickup trucks — both BEVs and ICE [internal combustion engine] — and so, they weren’t able to deliver them and some of that probably got pushed to April,” Ward said. Ford slowed production on its Mustang…
A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week. The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies, which collect billions in revenue each year in late fees and were looking to stop the proposal from going into effect. It is also a win for the U.S. Chamber of Commerce, which led the lawsuit on behalf of the banks. The…
It’s an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this year, Horizon Kinetics’ James Davolos thinks his firm’s Inflation Beneficiaries ETF (INFL) is in a sweet spot. “We’re actually going into the mature phase of inflation,” the firm’s portfolio manager Davolos told CNBC’s “ETF Edge” this week. “I think we’re actually ideally positioned.” Davolos expects a new world stuck with inflation between three and five percent. “The Federal Reserve basically just admitted last week that we’re going to prioritize the economy and employment and accept these higher inflation levels,” Davolos…
Travel insurance can be a worthwhile investment, especially if you’re worried about unexpected costs during your trip. There are a ton of different travel insurance companies out there, so finding one that suits your needs can be a struggle. That’s why we’ve done the work for you. Let’s take a look at travel insurance provider Faye to see what type of plans the company offers, the coverage levels you can expect and whether Faye travel insurance is right for you. About Faye travel insurance Faye is the brand name for customizable travel protection plans offered by a company called Zenner…
With three NBA championships and close to $200 million in career earnings to his name, Dwyane Wade knows a thing or two about being a successful professional athlete. But the 13-time All-Star says it took him years to feel like he knew what he was doing when it came to his finances. Now, as he pursues a number of post-retirement ventures, Wade sees up-and-coming stars like Caitlin Clark earning millions and hopes they get off to a better start than he did. “It’s really amazing that they’re having access to this money so young, but you’re also kind of fearful…
Dani Darlene was not a fan of her husband’s ZYN habit. Then she found out she could get an iPad out of it. For years, finding ZYN pouches and containers around the house was “the most irritating thing,” Darlene, a 24-year-old personal trainer, told Fortune. But after learning about the brand’s rewards program through TikTok in February, the irritation took on a different form. “I’m gonna take advantage of this,” Darlene told Fortune. ZYN’s tobacco-free oral nicotine pouches come in packs of 15, inside circular plastic containers resembling a can of Ice Breakers mints. Each container comes with a unique…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Company: Sensata Technologies (ST) Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. The company has two units: Performance Sensing and Sensing Solutions. The Performance Sensing segment serves the automotive and heavy vehicle and off-road industries through its development and manufacture of sensors, high-voltage solutions and other offerings. The Sensing Solutions segment serves the industrial and aerospace industries through development and manufacture of a portfolio of application specific sensor and electrical protection products used in a range of industrial…
Artist Yu Shu creates sculptures of Charlie Munger. Courtesy: Yu Shu OMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests who lodged at the Omaha Marriott last weekend for the Berkshire Hathaway annual meeting. The hotel, next to Berkshire-owned jewelry store Borsheims, was the preferred quarters for the investment icon, who passed away in November at the age of 99, whenever he visited his hometown and the Berkshire headquarters of his longtime partner and confidante Warren Buffett. The sculpture, placed in the lobby accompanied by glasses of champagne and…
The newest addition to PNC Bank’s credit card portfolio may already be the best of the bunch. Launched on May 7, 2024, the PNC Cash Unlimited Visa Signature Credit Card has no annual fee and earns an unlimited 2% cash back on all eligible purchases. Other highlights include cell phone insurance, a 0% intro APR, and no foreign transaction fees. That combination of perks in a $0-annual-fee card makes the PNC Cash Unlimited card one of the best credit cards that earn 2% on all purchases. Who doesn’t want to be rewarded? Create a NerdWallet account for personalized recommendations, and…