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Pharmaceutical Company Eli Lilly Headquarters
Eli Lilly is suing medical spas and vendors for selling unapproved, fake weight-loss products containing their active ingredient, tirzepatide.
SINGAPORE-CHINA-INTERNET-SOCIAL-MEDIA-BYTEDANCE
ByteDance fired an intern for allegedly sabotaging its AI model, Doubao, though the company claims the damage reports are exaggerated.
Senate Intelligence Committee Holds Hearing On Worldwide Threats
The U.S. overspent $1.833 trillion for the 2024 fiscal year, the highest since the pandemic, due to rising costs in interest payments, Social Security, healthcare, and military spending.
TOPSHOT-CUBA-ENERGY-ECONOMY-BLACKOUT-DAILY LIFE
Over 10 million Cubans face a nationwide blackout after the main energy plant failure, with officials also struggling to quickly restore power.
CYPRUS-ECONOMY-FINANCE-EU
Cypriot banks reduced their exposure to Russian and Ukrainian clients, cutting over 13,000 and 35,000 accounts, respectively due to increasing international sanctions.
Netflix's Password Sharing Crackdown Backfires With Slow Subscriber Growth in Q2
Netflix's ad-supported tier boosted subscriber growth, increasing market value by $18 billion and shares by 6%.
Facebook Covers Sign At Menlo Park Headquarters
Meta reportedly fired employees for misusing meal vouchers intended for food purchases, with some using them to buy items like toothpaste.
Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
Nestlé's organic sales fell by 0.3% or $21.42 billion, driven by consumer anxiety over the upcoming US presidential election, which affected spending habits.
FRANCE-AMAZON-DISTRIBUTION-NGO
80% of toys sold online in Europe, including on Amazon, fail to meet safety standards, prompting calls for greater accountability from online marketplaces.
Vietnamese Billionaire Truong My Lan Sentenced to Death in Biggest Corruption Cases in History
Truong My Lan, a Vietnamese tycoon, faces life imprisonment and a prior death sentence for property and bond fraud involving billions of dollars.
US-ECONOMY-RETAIL
US import prices saw a massive 0.4% drop in September, marking the largest decline in nine months, largely due to falling energy and food costs.
Australian Parliament Sits
Australian PM Anthony Albanese, who earns $400,000 annually, faces criticism for buying a $2.9 million waterfront home during a housing crisis.
INDIA-ECONOMY-AVIATION
Indian airlines, including Air India, IndiGo, SpiceJet, and Akasa Air, faced multiple fake bomb threats over 48 hours, but the reason for the surge is still unknown.
GHLIN GOOGLE 15 YEARS EVENT
Google has partnered with Kairos Power to deploy small nuclear reactors for its AI data centers, aiming to bring the first reactor online by 2030.
MEXICO-DRUGS-ARMY-INCINERATION
A businessman has pleaded guilty to his role in Ireland's largest crystal meth seizure, totaling 564 kg valued at approximately $35 million, and is set to be sentenced in December.
Walgreen's Plans To Close A Number Of Its Stores Across
Walgreens exceeded Q4 sales expectations but plans to close 1,200 stores by 2027 as part of its cost-cutting strategy.
US-HEALTH-VIRUS-WEDDING
U.S. retirees are increasingly worried about financial risks due to soaring healthcare costs and longer life expectancy, with 45% facing potential shortfalls in retirement funds.
Vice President Kamala Harris Speaks In Washington, DC
Kamala Harris's new policies include providing forgivable loans, access to marijuana and cryptocurrency industries, and launching a national health initiative.
Apple Holds Annual Worldwide Developers Conference
Apple faces new NLRB complaints accusing the company of violating employee rights by restricting social media use, limiting Slack channels, and unlawfully firing employees involved in workplace activism.
US-ACCIDENT-AVIATION-BOEING
Boeing faces increasing losses as the ongoing machinist strike extends into its fifth week, causing workforce cuts as the production delays.
CHINA-ECONOMY
Investors are hopeful that China will announce a fiscal stimulus package of up to $283 billion to boost economic recovery and reduce reliance on debt-driven growth.
US-AVIATION-TRANSPORT-UNITED
United Airlines is launching nonstop flights to unique destinations like Greenland, Mongolia, and Senegal starting in 2025, providing travelers with access to off-the-beaten-path locations.
MONZO
Monzo's valuation reaches $5.9 billion, allowing employees to sell shares through a secondary market sale as a reward for their contributions and to offer them liquidity.
US-WEATHER-HURRICANE-MILTON
The US jobless rate last week has risen by 33,000 to 258,000, exceeding predictions, mostly due to Hurricane Helene and Boeing's temporary furlough for thousands of employees.
Writer.com's AI Studio
Writer aims to compete with OpenAI and Anthropic by using a cost-effective approach, spending only $700,000 to develop models and raising $200 million to reach a $1.9 billion valuation.
CHINA-ECONOMY-FASHION-SHEIN
Shein allegedly sold "authenticated" Coach bags, according to a fashion content creator, but Coach clarified it has no affiliation with the retailer and does not authenticate third-party purchases.
US-TECH-ANTITRUST-ADVERTISING
The US government is pursuing a breakup of Google due to its illegal monopoly in the search engine market, aiming to promote competition.
HONG KONG-CHINA-AUCTION-ART-ECONOMY
A Chinese court auctioned a bankrupt millionaire's last asset, a bottle of Sprite, sparking criticism over wasted judicial resources.
SWITZERLAND-LAW-SUICIDE-DEATH
An American woman dies from the banned Sarco Pod or Suicide Capsule in Switzerland, prompting a criminal investigation after parliament said it's illegal.
CHINA-POLITICS
China aims to revive its economy despite missing new stimulus measures, disappointing investors.
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