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Sunday's Update: Weight loss drugs demand, US Real Estate, SBF, SoftBank, and Ukraine's biggest gamble

  • Writer: Mathieu Desfosses
    Mathieu Desfosses
  • Feb 11, 2024
  • 2 min read

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Weight loss drugs are still hard to find — but Novo Nordisk and Eli Lilly are trying to change that


  • The insatiable demand for weight loss drugs is outpacing supply, leaving many patients struggling to get their hands on the injectable treatments. 

  • Dominant weight loss drugmakers Novo Nordisk and Eli Lilly are showing encouraging progress in their efforts to increase supply. 

  • Both drugmakers have recently given positive supply updates, aiming to reassure investors that they can capitalize on the success of their drugs and reassure patients that they can access them.


The most expensive home for sale in the U.S. goes up for $295 million in Naples, Florida


  • Gordon Pointe is a roughly 9-acre compound in Naples, Florida, in an affluent enclave called Port Royal.

  • The mega-listing includes a main house that spans about 11,500 square feet on a private peninsula.

  • The listing is already drawing significant interest, according to a co-listing agent, despite what may be a high asking price.


As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: full repayment


  • With Sam Bankman-Fried preparing to face sentencing next month and a potential life behind bars, FTX customers are looking at the possibility of recouping their money.

  • Bankruptcy lawyers for the FTX estate said last week that they expect to pay back all customers.

  • The optimism stems largely from the rebound of the crypto market and appreciating value of FTX’s venture investments.


SoftBank shares extend their surge, pop more than 15% on earnings beat


  • Shares of SoftBank Group rose as much as 15.29% on Friday morning after the firm posted earnings that exceeded analysts’ estimates.

  • “Arm is convincing more people it is leveraged into AI. This is going to be a very positive inflection point for the story on Softbank stock,” said Oliver Matthew, head of consumer Asia at CLSA, on CNBC’s “Squawk Box Asia” Friday.


Ukraine’s Zelenskyy takes one of his ‘biggest gambles’ yet by replacing top military commander


  • Ukrainian President Volodymyr Zelenskyy is thought to have taken one of his “biggest gambles” yet by dramatically replacing his top military commander.

  • Zelenskyy removed Gen. Valeriy Zaluzhnyi as head of Ukraine’s armed forces and replaced him with Col. Gen. Oleksandr Syrskyi.

  • The shake-up represents the most significant change to Ukraine’s military leadership since Russia launched its full-scale invasion nearly two years ago.



 
 
 

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