‼️ 🇺🇸 JPMorgan’s James Sullivan warns that U.S. Treasury efforts to ease market pressure may only defer the problem. By repurchasing longer-dated bonds and funding with short-term bills, the Treasury provides near-term relief but does not reduce the underlying debt burden—leaving investor demand vulnerable as global debt issuance rises.
‼️ Hedge funds cut short-only bets on European diesel to a two-year low and added fresh long positions, signaling expectations that the historic fuels crunch will persist.
‼️ Novo Nordisk is testing ultra-low doses of its Wegovy pill to find the minimum effective amount for weight loss, as over two-thirds of US patients already take the two lowest doses (1.5 mg and 4 mg).
‼️ 🇮🇷 Iran’s president, Masoud Pezeshkian, called for an immediate end to the war with the US, arguing it should conclude now “with power and dignity” while the world recognizes Iran’s victory—pushing back against hardliners favoring continued conflict.