Novo Nordisk (NVO) plans to start a late-stage clinical program next year to test oral and injectable forms of its new obesity therapy
https://seekingalpha.com/news/4457732-novo-to-begin-late-stage-trial-test-new-obesity-drug
Thursday, June 12, 2025
Cuomo admits saw COVID nursing home report, may have amended it after DOJ probe
Mayoral hopeful Andrew Cuomo admitted Thursday that he not only saw a controversial report on nursing home COVID deaths while he was governor, but may have doctored the document – a bombshell confession that contradicts his sworn Congressional testimony.
“I did not recall seeing the report at the time. I did see the report, it turns out,” Cuomo told PIX11 News. “I’m sure if I read the report I made language changes.”
The mea culpa comes after the Department of Justice last month reportedly opened a criminal investigation into whether Cuomo lied on Capitol Hill when he adamantly denied that he drafted, reviewed, discussed or consulted on a nursing home report on Empire State nursing home deaths.
Despite his new admission, Cuomo told PIX that the report “was accurate,” and complained that the entire issue “was politicized from day one.”
“New York always followed the federal guidance on what to do with nursing homes,” he said. “The guidance changed over time as federal officials learned more.”
Cuomo’s tenure in Albany was marred by allegations of sexual harassment and charges that his administration undercounted nursing home deaths during the pandemic — claims he has denied.
Power failures inside Air India plane hours before it crashed
A passenger who reportedly flew on the doomed Air India jet just two hours before it crashed, killing more than 200 passengers and crew, posted shocking video in which he says “nothing” was working in the cabin — including lights, air conditioning and the seat-back display screens.
The eerie footage was purportedly taken inside the Boeing 787 Dreamliner on its second-to-last flight as it flew from Delhi to Ahmedabad, hours before it crashed shortly after takeoff en route to London’s Gatwick airport.
“I was in the same damn flight two hours before it took off from Ahmedabad,” social media user Akash Vatsa wrote on X.
“I came in this from Delhi to Ahmedabad. Noticed unusual things in the place,” he went on, adding that he had filmed the apparently malfunctioning aircraft so that he could share the footage with Air India later.
“The AC is not working at all. And, as usual, your TV screens are also not working, neither is this button for calling the cabin crew,” Vatsa can be heard saying in the video.
He also complained of “sweating like hell” due to a lack of AC, adding that this was why “Air India is considered one of the worst airlines in the world.”
'How Iran's network of Middle East power faded'
At previous moments of tension over decades of rivalry with Western foes, Iran was able to project power across the Middle East using a network of close allies that meant any strikes against it threatened to trigger a formidable response.
Now, with talks deadlocked over its nuclear programme and U.S. President Donald Trump saying an Israeli strike on Iran "could very well happen," Tehran must face a fresh crisis with those capabilities greatly diminished.
The United States killed the mastermind of Iran's regional network in 2020 and since the war in Gaza began 20 months ago, Israel has hammered Tehran's closest ally Hezbollah while rebels ousted its main regional partner, Syria's President Bashar al-Assad.
Here is how Iran built up its "Axis of Resistance", how that network has come undone, and the regional resources Tehran can still count on.
HOW DID IRAN BUILD UP SUCH A WIDE REGIONAL NETWORK?
Iran spent decades after its 1979 Islamic Revolution developing a network of allies across the Middle East that accepted Tehran's leadership and shared its regional vision of fighting what they described as Western imperialism.
This "Axis of Resistance", as it was dubbed, drew on the appeal of Iran's revolutionary theocratic ideas to traditionally marginalised fellow Shi'ite Muslims across the region, and on its staunch support for Palestinian nationalism.
It grew to include Hezbollah in Lebanon, President Bashar al-Assad's government in Syria, Shi'ite Muslim armed groups in Iraq, the Houthis in Yemen and the Palestinian militant group Hamas - extending Iran's influence to both the Mediterranean and Red Sea.
The Islamic Revolutionary Guards Corps and its elite Quds Force lay at the heart of the axis. The IRGC answers to the Supreme Leader Ayatollah Ali Khamenei and was set up soon after the revolution as an ideologically committed counterweight to the regular armed forces.
The Quds Force operates as the IRGC's overseas wing, working closely with allies in the Axis of Resistance to train and arm them, and to provide direction and guidance in their military operations.
Its tough, shrewd commander Major-General Qassem Soleimani was killed by a U.S. drone attack in Iraq in 2020 after decades spent knitting together groups across the region and Iran has struggled to replace him.
WHY HAVE KEY PARTS OF IRAN'S NETWORK CRUMBLED?
When Hamas attacked Israeli communities on October 7, 2023, it triggered massive military retaliation that has killed much of the group's top leadership including political chief Ismail Haniyeh, who was assassinated in Tehran last summer.
Hamas is still fighting in Gaza and retains a significant presence in the Israeli-occupied West Bank, but it does not presently boast a military force capable of posing a realistic threat to Israel.
The war quickly spread as Iran's most important regional ally Hezbollah fired on Israel from Lebanon in solidarity with Palestinians in Gaza, leading to months of cross-border fire between the group and Israel.
That conflict suddenly escalated in September 2024 when Israel detonated thousands of booby-trapped pagers used by Hezbollah operatives, killing and maiming hundreds of them.
Over the following weeks a string of Israeli airstrikes killed Hezbollah's top leadership including overall chief Sayyed Hassan Nasrallah, dealing the group a stunning blow and revealing how far it had been infiltrated.
Hezbollah accepted a ceasefire with Israel in November and remains far from the powerful organisation that once threatened Israeli security.
Syria's Assad was ousted soon afterwards. Israel had targeted top Iranian commanders in Syria with airstrikes over the summer, causing a partial IRGC pullout. Without Iranian and Hezbollah support, and ally Russia bogged down with war in Ukraine, Assad's army crumbled when rebels mounted an offensive in late November and he fled in December.
WHAT REMAINS OF THE AXIS OF RESISTANCE?
With Hamas and Hezbollah greatly weakened, Iran can still turn to the Shi'ite militias it supports in Iraq and to the Houthis in Yemen.
Iraq has a constellation of Iran-aligned armed groups but just a handful count among the most loyal and powerful to Tehran, including Kataib Hezbollah and the Nujaba group.
These groups receive arms and directives from Iran and have pledged allegiance to Iran's supreme leader but retain a degree of autonomy on their operations inside Iraq. They have all but ceased attacks targeting U.S. forces and Israel since last year.
Analysts question how far they would go to protect Iran if an attack was aimed at its nuclear sites rather than as part of an effort to topple the Islamic Republic given that would pose an existential threat to their main source of support.
The Houthis have continued to fire missiles at Israel, but their ability to pose a significant threat from their distant base in Yemen is in doubt. Their attacks on Red Sea shipping have cooled since striking a deal with the U.S. after weeks of bombings in the spring.
FTC weighs political ad restrictions in Omnicom-Interpublic merger
The Federal Trade Commission is considering restrictions on Omnicom Group (NYSE:OMC) and Interpublic Group that would prevent the combined advertising giant from refusing to place ads on platforms for political reasons, according to reports from the New York Times (NYSE:NYT) and Reuters, sources familiar with the matter. The proposed conditions are part of the agency’s ongoing review of the merger between two of the world’s largest advertising agencies.
The potential restrictions would come in the form of a consent decree that would prohibit the merged company from boycotting platforms based on their political content when placing client advertisements. The conditions are being discussed as part of the Trump administration’s broader efforts to address what it considers political bias against conservative voices in corporate America.
The merger review discussions between the FTC and the advertising companies remain ongoing, with terms not yet finalized and subject to change. Sources requested anonymity because the negotiations are confidential.
The proposed consent decree represents an unusual regulatory approach in merger reviews. If implemented, it would specifically target the combined company’s ability to make advertising placement decisions based on political considerations.
The Trump administration is reportedly using federal agencies, including the FTC, to examine perceived political bias in corporate practices. The potential restrictions on the Omnicom-Interpublic merger would align with this broader initiative to prevent what the administration views as discrimination against conservative content.
Nvidia to stop including China in forecasts amid US chip export controls, CNN reports
Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough U.S. restrictions on chip sales to China, CEO Jensen Huang told CNN on Thursday.
When asked whether the U.S. will lift export controls after trade talks with China in London this week, Huang said that he was not counting on it.
"But, if it happens, then it will be a great bonus. I've told all of our investors and shareholders that, going forward, our forecasts will not include the China market," Huang said.
Nvidia did not immediately respond to a Reuters request for comment.
U.S. President Donald Trump said on Wednesday he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and Beijing agreed on a framework covering tariff rates.
Nvidia for the first time in May said restrictions on the use of open-source Chinese AI models, such as DeepSeek and Qwen, could hurt its business, as could U.S. rules barring connected-vehicle technology from China, where Nvidia's long-struggling car chip business has finally flourished.
The export limits cost Nvidia $2.5 billion in sales during its fiscal first quarter, and it expects another $8 billion sales hit in the second quarter.
It reported $4.6 billion in revenue from H20 sales in China as customers stockpiled the chips before the curbs set in, with the China business accounting for 12.5% of overall revenue.
https://finance.yahoo.com/news/nvidia-stop-including-china-forecasts-183120979.html
Subscribe to:
Posts (Atom)