

Eli Lilly is suing six companies for selling unauthorized versions of its experimental weight-loss drug, retatrutide, marking the start of a major effort to combat a growing illicit market. Despite promising clinical trial results, the drug is not yet FDA-approved, fueling a social media craze and widespread unapproved sales by telehealth firms and peptide vendors. Eli Lilly plans to seek regulatory approval in early 2027, with Wall Street analysts anticipating blockbuster status but expressing concerns about the unregulated market. The company urges regulators and social media platforms to assist in curbing these illegal sales.
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CBS NewsAI cloud giant CoreWeave saw its second-quarter revenue double to $2.6 billion, driven by high demand for AI compute capacity from hyperscalers, leading to an 18% surge in premarket trading. Despite increased operating expenses resulting in a $49 million loss, the company projects full-year revenue between $12.4 billion and $13.2 billion, with a revenue backlog of $104 billion. Citi analysts noted a "cleaner quarter" with robust AI demand and improved profitability guidance, suggesting increased investor confidence. CoreWeave is expanding partnerships and investing heavily in computing infrastructure to monetize its AI models. (not investment advice)
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CNBCZhu Rongji, China's premier from 1998 to 2003, has died at 97. He is widely remembered for his crucial role in economic reforms, including tackling corruption, modernizing the centrally planned economy, and overhauling state-owned enterprises. During the 1990s, Zhu centralized fiscal policy, reduced bureaucracy, and privatized failing businesses to stabilize China's financial system amidst high inflation and mounting debt. His contributions were pivotal in shaping China's economic trajectory during a critical period of transition.
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South China Morning PostA veteran royal correspondent, Simon Vigar, suggests Meghan Markle's departure from royal duties stemmed from a "culture clash" with palace aides, detailed in his new book, "The Four Wives of Windsor." Vigar argues that Meghan, accustomed to Hollywood's micromanaged public life, struggled with the monarchy's public service role and intense press scrutiny. Early signs of this mismatch reportedly emerged during the 2018 royal tour of Australia, New Zealand, Fiji, and Tonga, where an engagement was unexpectedly cut short. The article highlights the differing expectations and lack of understanding of royal protocols as key factors in her eventual exit.
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Fox NewsChina's People's Liberation Army (PLA) will conduct its first-ever joint naval drill with Indonesia in waters east of Taiwan, as announced by Beijing's defense ministry. The exercise is designed to enhance the two navies' capabilities for joint operations, deepen practical cooperation, and contribute to maintaining regional peace and stability. While the specific distance from the Taiwanese coast was not disclosed, authorities in Taiwan have vehemently protested the planned activities, labeling them a "provocation" that raises regional tensions. This move signals a notable increase in China's military presence and influence in strategically sensitive areas.
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South China Morning PostThe New York City Council is launching a probe into the marketing strategies of prediction market platforms like Polymarket, Kalshi, Coinbase, and Gemini Titan, citing allegations of "false, deceptive, unconscionable, and objectionable" practices. Council Speaker Julie Menin stated the investigation aims to protect New Yorkers from predatory marketing that aggressively entices betting on various events. This inquiry follows a Wall Street Journal investigation into Polymarket's misleading campaigns and a Commodity Futures Trading Commission probe. The council seeks to determine if new legislation or policy changes are necessary, though it is not examining state gambling law violations. (not investment advice)
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CNBCPresident Donald Trump claimed his secret flight out of Turkey last month, which involved a passenger-filled "decoy" Air Force One, put him at "greater risk" than the decoy. The elaborate ruse, orchestrated by the Secret Service and military due to a perceived threat, saw Trump switch to a military aircraft via a catering container, unbeknownst to the traveling press and some White House officials. Trump stated he followed security advice, brushing off specific threat details but emphasizing the Secret Service's role. This incident highlights heightened security measures and the complexities surrounding presidential travel amid escalating international tensions.
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Melanie Walters, known for her role as Gwen West in "Gavin & Stacey," has been announced as the final celebrity contestant for "Strictly Come Dancing 2026." Expressing excitement to swap her "fairy wand for sequinned dance shoes," Walters joins a diverse lineup including Olympic gold medalist Tabby Stoecker, actor Lawrence Robb, and dog trainer Graeme Hall. Other notable participants are former England footballer Shaun Wright-Phillips, "House of the Dragon" actress Antonia, and Paralympian Dame Sarah Storey. This year's series also features the return of Dani Dyer, who withdrew last season due to injury, promising a highly anticipated competition.
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BBCThe German Cabinet has approved extensive reforms granting greater powers to its domestic and foreign intelligence agencies (BfV and BND) to combat rising hybrid security threats. The new 700-page package allows for more latitude in data gathering and storage, alongside new options to counter sabotage and hacking attacks. While the government asserts these measures are crucial for national security, critics, including FDP leader Wolfgang Kubicki, express concerns about potential threats to civil rights and the risk of a "secret police." The reforms aim to enable more effective operations against foreign interference.
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Deutsche WelleNew EU regulations on packaging, effective Wednesday, ban high levels of PFAS "forever chemicals" in food-contact materials and introduce stricter sustainability standards. While aiming to cut waste and improve public health, these rules are causing alarm among small businesses and online traders due to increased costs and administrative burdens, such as registering packaging in multiple EU states. Critics argue the regulations make cross-border trade significantly more difficult for medium-sized firms, with some businesses halting EU deliveries. The EU aims to cut packaging waste by 5% by 2030, with future requirements for standardized labels and reusable options.
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Deutsche WelleTencent reported a second-quarter revenue beat of 204.78 billion Chinese yuan ($30.36 billion), driven by accelerated domestic games sales and AI-driven advertising, though core profit missed expectations. Domestic game revenue surged 17% year-on-year, while international game revenue saw a slight decline due to currency movements. The company's capital expenditures rose 65% as it invests heavily in computing infrastructure to monetize its AI models, including testing an AI assistant within WeChat. Despite intense competition in the AI space and investor jitters, Tencent aims to leverage its vast user base and AI advancements for continued growth. (not investment advice)
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CNBCDavid Crowley, Milwaukee County Executive and a centrist Democrat, secured a surprising victory in Wisconsin's Democratic primary for governor, defeating progressive Francesca Hong. Crowley re-entered the race with an endorsement from outgoing Governor Tony Evers, emphasizing his electability against Republican Tom Tiffany. Hong, a democratic socialist, ran on a platform including universal childcare and free school meals, but faced scrutiny over past comments on police funding and Thanksgiving. This outcome is the latest test for the progressive wing in Midwestern primaries, with Democrats aiming for a governing trifecta in the closely contested state.
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The GuardianAI is increasingly being used to create popular mobile sports games, with hobbyist coders leveraging tools like Claude Code to develop viral successes like "38-0-0" and "Destiny Eleven." These games, inspired by simple drafting mechanics, have garnered millions of players by offering engaging, low-barrier experiences. The mobile gaming industry is a significant market, generating billions annually, and AI offers a financially efficient approach for developers in tough economic conditions. While AI streamlines coding and prototyping, experts emphasize that the core idea and final execution remain paramount for a game's sustained success.
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Deutsche WelleDarline Graham, who was appointed to complete the term of her late brother, Senator Lindsey Graham, has successfully advanced to a runoff election in South Carolina's special Senate primary. She is now set to face Republican Representative Ralph Norman on August 25 to determine who will secure a place on the November ballot. This upcoming contest is a pivotal moment for the state, as it seeks to fill a significant vacancy in the U.S. Senate. The outcome will shape the political representation for South Carolina in the national legislature.
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Psychotherapist Niro Feliciano suggests performing a "time audit" to reevaluate how one spends their day and align it with personal values and priorities. Many individuals, like Feliciano herself, become so overwhelmed that they lose sight of activities that bring joy and contentment. The process involves listing important people and activities, then comparing it with an inventory of actual time usage to identify time-wasters and set boundaries. By intentionally creating open space and being purposeful with newfound time, individuals can foster inner peace and escape the constant pursuit of busyness.
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NPRHospitals and medical providers are increasingly requiring upfront payments from patients, a trend driven by rising deductibles and out-of-pocket costs, which shift more financial burden onto individuals. This practice, exemplified by a patient asked for a $5,000 deposit by Mayo Clinic despite having insurance, is becoming common for non-emergency care. While hospitals aim to secure payments amidst growing uncollected debt, consumer advocates warn about the lack of transparency in calculating these amounts and difficulties in obtaining refunds for overpayments. This raises concerns about access to care and the financial strain on patients.
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CBS NewsA growing number of Americans are turning to AI chatbots for financial advice, with 40% using them in the past three months, finding the guidance helpful for smarter financial decisions. Studies suggest AI performs well with broad economic advice, often encouraging saving and market participation, potentially leading to increased savings. However, experts warn that AI can be "confidently wrong" on complex issues, hallucinate sources, or make incorrect assumptions without sufficient user input. While AI's capabilities are expected to improve, users are advised caution, particularly regarding sensitive financial data and relying solely on its recommendations. (not investment advice)
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NPRWest Africa's economic development is marked by significant challenges despite ambitious infrastructure projects like the $15 billion coastal superhighway. In Nigeria, rampant corruption at checkpoints severely impacts trade, with drivers spending over half their earnings on bribes. Benin has seen modest economic transformation through investment, while Togo faces discontent over long-term leadership. The article highlights how economic shocks and liberal trade reforms have affected local industries, leading to urbanization without adequate job creation. Cross-border movement of money and telecommunications also remain difficult due to regulatory fragmentation, hindering regional economic integration.
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NPRThe U.S. push to revive domestic uranium production, driven by a ban on Russian imports and a goal to quadruple nuclear energy capacity, is intensifying operations at the nation's only conventional uranium mill in White Mesa, Utah. This resurgence is heightening long-standing health concerns among the nearby Ute Mountain Ute Tribe, who fear radioactive contamination of their water and air. Despite assurances from state regulators and the mill's owner, Energy Fuels, tribal members distrust the safety claims due to uranium mining's deadly legacy. The tribe is actively fighting expansion plans and seeking further health assessments.
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NPRAmerica's Main Streets are undergoing a significant transformation, with retail spaces increasingly shifting from traditional goods-selling shops to service-oriented businesses like gyms, salons, and restaurants. This trend, observed in places like Ridgewood, New Jersey, reflects changing consumer spending habits, with a long-term shift towards services and experiences over physical products. While online shopping drives some of this change, the desire for in-person activities and wellness trends also plays a role. This evolution presents challenges for downtowns, as more services can mean fewer unique shops, impacting the traditional "strolling" experience.
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NPRA recent wave of "coordinated cyberattacks" on U.S. industrial technology, including water treatment plants in Minnesota and other states, has raised concerns about a new front in the conflict with Iran. Experts suspect Iranian involvement, noting a history of such targeting, though no group has claimed responsibility. These attacks, which caused operational disruptions but no water contamination, highlight vulnerabilities in aging critical infrastructure. Officials are working to secure systems and are calling for increased federal funding and improved information sharing to prepare for potentially more severe future attacks.
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NPREngland and Wales' chief inspector of probation warns that the early release of 5,000 prisoners, part of a government scheme to ease prison overcrowding, risks "a serious sexual or violent offence or even murder." Probation services are already under "unprecedented pressure" with a caseload nearly three times the prison population, and staffing shortfalls exacerbate the challenge of monitoring offenders. Police chiefs and shadow ministers are urging the government to reconsider, particularly for serious offenders. While the Ministry of Justice claims investment in probation, the union Napo has voted for strike action, citing public safety concerns due to inadequate resources.
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BBCZambia's 2026 general election will focus on economic recovery, governance reforms, and a significant expansion of parliamentary seats. Incumbent President Hakainde Hichilema seeks a second term amid voter concerns over high cost of living and a historic drought, despite his government's success in debt restructuring and inflation reduction. The election's outcome, influenced by a fragmented field and high youth turnout, hinges on urban centers and traditional party loyalties. Questions also surround judicial independence after Hichilema's suspension of judges, and gender representation remains a key theme, with women holding only 15% of parliamentary seats.
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Deutsche WelleNorway's $2.3 trillion sovereign wealth fund reported a record half-year profit of over $184 billion, achieving a 9.4% return primarily due to a rally in Asian technology stocks. The fund, which holds stakes in over 7,000 companies globally, disclosed its first-ever 0.05% stake in SpaceX, valued at $1.2 billion, alongside significant holdings in Nvidia, Apple, and Microsoft. CEO Nicolai Tangen highlighted the semiconductor sector's role in growth but warned of potential volatility and the fund's long-term risks. Despite a fractious relationship with Elon Musk, the fund remains a major investor in his ventures. (not investment advice)
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CNBCU.S. Treasury yields remained largely flat as investors await key inflation data, specifically the July Consumer Price Index (CPI) print, due later today. The 10-year Treasury note yield held at 4.682%, with the 2-year and 30-year yields also stable. This data is crucial for the Federal Reserve's September policy meeting, as policymakers assess pricing pressures on consumers, with economists expecting a 0.1% monthly increase for CPI and a 3.4% annual rate. The market's inflation discount is currently relaxed, but the fiscal deficit continues to exert bond-negative pressure. (not investment advice)
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CNBCThe International Energy Agency (IEA) forecasts a further decline in global oil demand this year, revising its prediction by 510,000 barrels a day to a 1.6 million barrels a day drop, largely due to the ongoing closure of the Strait of Hormuz. High fuel prices and "renewed hostilities and maritime disruptions" are undermining efforts to boost global oil supply, which remains significantly lower year-on-year. While fears of a destabilizing shortage haven't fully materialized due to alternative routes and inventory drawdowns, refining capacity constraints are keeping consumer prices high. The IMF has also cut its global economic growth forecast, attributing it to higher prices and slower growth. (not investment advice)
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CNBCPep Chavarria, a 28-year-old left-back, has completed a £16.3 million move to Chelsea, marking a significant career step after a non-conventional path to elite football. Unlike many top players, Chavarria made his La Liga debut at 24 and developed his reputation in Spain's lower tiers before joining Rayo Vallecano. His defensive aggression and physicality caught the eye of Chelsea manager Xabi Alonso, who faced him while at Real Madrid. This transfer aims to strengthen Chelsea's defense and replicate Alonso's successful wing-back system, adding depth to the left-back position following Marc Cucurella's departure.
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BBCA 7.4 magnitude earthquake in Colombia has killed at least 181 people and injured 2,595, with nearly 4,000 still unaccounted for. Amidst the devastation, a baby was miraculously rescued alive from rubble, captured in widely shared social media footage, offering a glimmer of hope. Search teams and volunteers are racing against time to find survivors, while President Abelardo de la Espriella, newly in office, mobilizes relief efforts. The U.S. and Mexico have pledged substantial aid, with Salvadoran President Nayib Bukele also sending assistance, highlighting international support for the affected nation.
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CBS NewsPrime Minister Andy Burnham will chair a Cobra committee meeting to address the UK's extreme heatwave, as temperatures are expected to reach 38C, potentially making it the hottest August day since 2003. This comes as 71.3% of England is declared in drought, affecting 45 million people and leading to water use restrictions. Firefighters are battling numerous wildfires, including a significant one in the New Forest. The government acknowledges the "challenging" summer for emergency services and farmers. Green Party leader Zack Polanski called for "concrete action" beyond meetings, emphasizing the climate emergency's severe impacts.
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BBCTropical Storm Chan-hom, after weakening to a depression, hit the greater Tokyo area, causing minor injuries to seven people and leaving over 22,000 homes without power, though most services were restored by Wednesday. The storm made landfall in southern Ibaraki prefecture, following Typhoon Dolphin which caused havoc in southern Japan and resulted in 10 deaths in the Philippines. While Tokyo's transportation and businesses largely returned to normal, northern and western Japan were warned of heavy rain and thunder. The incident marked Ibaraki's first tropical storm or typhoon landfall since 1951, impacting holiday travelers.
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Despite President Trump's "America first" agenda and the effective closure of USAID, millions of U.S. taxpayer dollars are reportedly funding right-wing European think tanks, aiming to globalize "Trumpism" and influence foreign politics. The State Department plans to grant $12 million to conservative organizations in the UK, including a newly formed group co-founded by Jacob Rees-Mogg. Critics view this as "political manipulation" and "Maga propaganda," subverting normal funding processes for Trump-aligned causes. German Chancellor Friedrich Merz has warned against interference in German elections, highlighting concerns about transparency and democratic integrity.
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The GuardianHouseholds living within 1,600 feet of new or upgraded electricity pylons and substations across Britain will receive an annual £250 discount on energy bills for up to 10 years. This scheme, dubbed "pounds for pylons," aims to compensate residents for the impact of crucial infrastructure upgrades necessary for distributing renewable power and enhancing energy security. Energy Minister Michael Shanks acknowledged local objections but stressed the vital role of these projects in preventing grid failure and providing cheaper, homegrown power. Critics, however, argue the discounts are insufficient compensation for environmental and property value impacts.
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BBCThe Japanese yen has erased half its gains following a historic U.S.-Japan intervention, as fundamental economic forces continue to pressure the currency to multi-decade lows. The persistent yield gap between Japan and the U.S., driven by lower Japanese borrowing costs, encourages "carry trades" where investors borrow yen cheaply to invest in higher-yielding assets abroad. Experts note the intervention successfully curbed speculative excess but failed to alter underlying fundamentals, leaving attention on the Bank of Japan's reluctance to tighten policy more aggressively. A sustainable yen recovery may require increased domestic investment to make Japanese assets more attractive. (not investment advice)
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CNBCIndia's aviation sector faces turmoil after an IndiGo flight experienced engine failure upon landing in Chennai, prompting a full airport emergency. This incident followed reports that the captain of an Air India flight, which lost altitude last week and injured passengers, tested positive for marijuana. Separately, India's quick commerce sector, particularly grocery delivery, is under scrutiny due to "serious food safety and hygiene violations," with authorities sealing a Zepto warehouse and suspending a Blinkit facility's license. These events highlight significant safety and regulatory challenges across key Indian industries.
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Deutsche WelleThe only total solar eclipse of 2026 will occur today, with its path of totality visible across parts of the Northern Hemisphere, including Greenland, western Iceland, and northern Spain. A partial eclipse will be observable in a much wider area, affecting about 230 million people in major European cities and parts of North America. The event will begin at 15:34 GMT, with totality lasting approximately two minutes around 17:46 GMT, depending on location. Viewers are advised to use certified solar eclipse glasses to prevent permanent eye damage, except during the brief period of totality.
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CBS NewsFollowing China's recent missile testing activity in the Pacific, the U.S. and 40 allies have issued a joint statement demanding nuclear-weapon states provide at least 24-hour advance warning for launches of ballistic missiles and space launch vehicles. The statement, implicitly criticizing China, highlighted that such tests without sufficient notice are "dangerous," increasing the risk of miscalculation and undermining global stability. Beijing has rejected the demand, accusing Washington of "political manipulation." The allied nations are requesting specific information on missile class, launch window, area, and intended direction to enhance transparency and reduce international tensions.
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South China Morning PostPakistan's Foreign Minister Ishaq Dar announced that three Pakistani nationals were killed and one injured in a Houthi attack on a commercial vessel in the Red Sea. Pakistan strongly condemned the attack, labeling it a violation of international law and a serious threat to maritime security and freedom of navigation. This incident follows separate reports of shipping attacks by both the U.S. and Iran-backed Houthi rebels amidst ongoing Middle East conflict. The Pakistani Foreign Ministry is coordinating with Saudi Arabia and Yemen for details and repatriation of the deceased.
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