Category: Uncategorized

Novo Nordisk Turns to China in $2.6 Billion Obesity-Drug Pipeline Bet

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‼️ 🇩🇰 Novo Nordisk will pay up to $2.6 billion to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals, strengthening its early-stage pipeline as it looks beyond Ozempic and Wegovy. The deal includes a $300 million upfront payment for rights to develop, manufacture and market the drug worldwide excluding mainland China, Hong Kong, Macau and Taiwan, while Hengrui could receive additional milestone payments and sales-based royalties.

RBA Hits a 15-Year Rate High as Sticky Inflation Forces a Fourth Hike

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‼️ BREAKING: Australia’s central bank lifted its benchmark rate by 25 basis points to 4.60%, a 15-year high, as it intensifies its fight against sticky inflation. The move—widely expected—marks the RBA’s fourth hike this year, taking cumulative tightening to 100 basis points. Inflation remains above the RBA’s 2%–3% target band: headline CPI was 3.5% in July after reaching 4.6% in March. Markets now turn to Wednesday’s August inflation release for clues on whether further tightening will be needed.

Japan’s 40-Year Bond Auction Roars Back—But the Yen Repatriation Trade Still Hasn’t Arrived

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‼️ 🇯🇵 Japan’s 40-Year JGB Auction Just Sent a Message: Higher Yields Are Finally Creating Buyers—But Not Yet a Yen Repatriation Trade

Read More: https://bit.ly/JGBsStrongDemand

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Gold Slides 7% as Fed’s Inflation Fight Rekindles Rate-Hike Fears

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‼️Gold has fallen about 7% in September after hitting $4,510 an ounce early in the month, pressured by the Fed’s first rate hike since 2023 to curb sticky US inflation and signals of further tightening. Elevated energy prices have reinforced those concerns, with markets pricing roughly a 70% chance of another hike in October, while Fed Governor Lisa Cook warned that AI-driven productivity gains may not offset near-term inflation pressures.