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Dec 13, 2024, 09:48 AM UTC

RFK Jr. Weighs In On Weight-loss Drugs As Stocks Respond

Newsletter Dec 13, 2024 Quick Six RFK Jr. weighs in on weight-loss drugs as stocks respond Robert F. Kennedy Jr.'s controversial views on GLP-1 (glucagon-like peptide-1) weight loss drugs sent fear

Newsletter Dec 13, 2024

Quick Six

RFK Jr. weighs in on weight-loss drugs as stocks respond
Robert F. Kennedy Jr.'s controversial views on GLP-1 (glucagon-like peptide-1) weight loss drugs sent fear through the booming industry. Kennedy, who is President-elect Donald Trump pick to lead the Department of Health and Human Services, said that lifestyle changes like healthy eating and avoiding obesity should be the primary approaches to weight management. Kennedy, a critic of the food and pharmaceutical industries, said GLP-1 drugs like Novo Nordisk's Wegovy and Ozempic and Eli Lilly's Zepbound and Mounjaro should be limited to address weight loss.
THE IMPACT OF RFK JR'S WORDS ON BIG PHARMA STOCK

Food fight: Kroger, Albertson battle after $25B merger sours
A proposed $25 billion supermarket mega-merger disintegrated in bitter recriminations between Albertsons and former suitor Kroger after two US court rulings blocked the deal, siding with antitrust regulators who argued that it was bad for consumers. Albertsons announced it was terminating the transaction and seeking billions of dollars in damages because of Kroger's "willful" breach of contract in failing to exercise "best efforts" to close the deal.
THE LEGAL ARGUMENTS IN A FOOD DEAL THAT WENT BAD

YouTube TV angers customers with massive rate increase
Social media users reacted with shock and horror after discovering that YouTube TV will cost nearly $1,000 annually in the new year. In messages shared to YouTube TV subscribers, as well as to YouTube TV's X account, the broadcaster announced that it will raise prices from $72.99 per month to $82.99 per month starting Jan. 13, 2025. The change is immediate for new users.
SEE SOCIAL MEDIA COMMENTS ABOUT THE PRICE HIKE

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Markets

DJIA	43,914.12	-0.53%
S&P 500	6,051.25	-0.54%
Nasdaq Composite	19,902.84	-0.66%
Japan: Nikkei 225	39,515.76	-0.84%
UK: FTSE 100	8,311.76	0.12%
Crude Oil Futures	69.93	-0.13%
Gold Futures	2,705.80	-0.13%
Yen	152.91	0.17%
Euro	1.05	0.11%
* As of market close

FBI's repuation 'in the commode': Conner

The FBI faces mounting criticism as House Oversight Chairman James Comer said its reputation is "in the commode," following Director Christopher Wray's resignation and the nomination of Kash Patel as his successor. Wray's tenure as FBI director has been marred by scandals, including claims of politicization, investigative missteps, and erosion of public trust. Polls indicate declining confidence in the agency, fueled by high-profile failures in mishandling threats and alleged weaponization of the FBI, leading to bipartisan scrutiny and calls for reform.

TRUMP PICK PATEL SPENT CHARITY FUNDS ON MAGA MERCH

Biden grants clemency to record high 1,500

President Joe Biden is commuting the sentences of about 1,500 individuals and pardoning 39 people convicted of non-violent crimes in the largest single-day act of clemency in modern history, the White House said Thursday. The individuals receiving commutations served out their at least one-year sentences during the COVID-19 pandemic and were deemed to have successfully reintegrated into the community and have secured employment. Biden said he will review additional pardons and commutations before leaving the White House on Jan. 20.

THE COMPLETE LIST OF BIDEN PARDONS AND COMMUTATIONS

Amazon, Meta give $1M to Trump Inaugural

Not to be outdone by big-tech rival Meta, Amazon plans to donate $1 million to President-elect Donald Trump's Inaugural Fund, according to reports. Billionaire Jeff Bezos, who founded Amazon and has been at odds with Trump in the past, is the latest tech mogul to jump aboard the Trump train before his second term in office. After Meta CEO Mark Zuckerberg reportedly made the same million-dollar donation to Trump's inauguration party fund, Amazon decided to follow suit.

SEE WHY TECH BILLIONAIRES ARE SCHMOOZING UP TO TRUMP

Extra point

Name the first president to have an inaugural ball. Where was it held?

Thursday's answer: According to climate data, core ice samples in the Arctic Circle show the Earth hasn't been this warm in 125,000 years.

In partnership with Exodus Movement, Inc.- US 1.

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