Eli Lilly boosts forecast on Weight-Loss drug sales
Summary Eli Lilly has raised its full-year adjusted profit forecast to $21.75 to $23 per share, up from the previous range of $20.78 to $22.28. The company’s weight-loss drug, Zepbound, along with its diabetes treatment counterpart Mounjaro, is driving…
Judge rules cutting humanities grants unlawful
Summary Federal judge: humanities grant cuts unlawful. Abrupt termination violated Congressional approval. Humanities groups’ lawsuit allowed to proceed. Funding cuts risk layoffs, cancel programs. Judge: Congress controls budget decisions. The National…
GAO: $8B NIH block by Trump violated law
Summary GAO says Trump froze $8 billion NIH funding illegally. Violated law by withholding Congress-approved money. NIH canceled 1,800+ grants, delayed awards. No lawful notice or justification provided. GAO may sue; lawmakers demand funding restored.…
Senate confirms Trump Ally Emil Bove to appeals court
Summary Senate confirmed Emil J. Bove, 50-49 vote. Trump’s defense lawyer appointed to the Appeals Court. Strong Democratic opposition due to ethics concerns. Led purge of Jan. 6 prosecutors, FBI agents. Some Republicans opposed, most supported…
Texas GOP seeks removal of Democratic House Leader
Summary Gov. Greg Abbott filed an emergency petition Aug. 5. Seeks removal of Democratic House leader from office. Democrats fled Texas to block redistricting efforts. The GOP aims to redraw congressional districts, gain seats. Democrats remain outside…
Trump Admin moves immigrants across U.S. jails
Summary The Trump administration moves hundreds of immigrants monthly. Transfers hinder detainees’ court defense efforts. Advocates say the tactic complicates legal representation. Transfers cause confusion and limit attorney access. Reflects strict…
Shooter in custody after Five US soldiers shot at Georgia Base
Summary Five U.S. soldiers were shot at a military base in Georgia. The shooter has been apprehended and is in custody. Details about the motive or whether there were casualties beyond the shootings were initially limited. Authorities are investigating…
Turkish Airlines readies binding offer to acquire Spain’s Air Europa
Summary Turkish Airlines is set to submit a binding offer to acquire Spain’s Air Europa. The move aims to strengthen Turkish Airlines’ position in the European market. Air Europa has faced financial difficulties in recent years, exacerbated by the…
JD Vance hosts Jeffrey Epstein strategy dinner
Summary VP Vance is hosting a high-profile dinner to address the ongoing fallout from the Jeffrey Epstein case. The event aims to bring together key figures from the legal, political, and social spheres to discuss the implications and next steps. The…
South African rand gains amid tariff concerns
Summary The South African rand strengthened amid a weaker U.S. dollar environment. Despite gains, concerns persist over potential tariffs affecting trade. Currency movements are influenced by global economic and geopolitical developments. Trade relations…