Business

The boom in weight-loss drugs may have transformed the obesity market, but Novo Nordisk’s CEO says the industry is still only scratching the surface with tens of millions of Americans potentially eligible for treatment.Novo Nordisk President and CEO Mike Doustdar joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss the adoption of GLP-1 drugs, their potential economic impact and the company’s outlook for medicines, including Wegovy."We are clearly […]

The slowing U.S. labor market is presenting more challenges for a housing sector facing affordability challenges, with would-be homebuyers struggling to save amid persistent inflation and a less dynamic employment outlook.The Bureau of Labor Statistics on Friday released the jobs report for July, which showed the U.S. economy unexpectedly shed 23,000 jobs for the month, when economists had expected a gain of around 80,000. While the unemployment rate declined to […]

Mark Walter's time as the majority owner of the Los Angeles Lakers is up after less than a year.After purchasing his stake in the organization for a $10 billion valuation in October, the Lakers were sold to American businessmen Josh Kushner and Bob Iger for a record price of over $12 billion."As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, […]

The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts.The nonpartisan Congressional Budget Office (CBO) on Monday released its monthly budget update for July, which showed the federal government ran a nearly $1.8 trillion deficit through the first 10 months of fiscal year 2026, which runs through the […]

Chrysler is recalling nearly 50,000 vehicles over a seat belt defect that could increase the risk of injury in a crash, according to federal regulators.The recall affects certain 2023-2025 Dodge Hornet and 2023-2026 Alfa Romeo Tonale vehicles, according to the National Highway Traffic Safety Administration (NHTSA).A total of 48,777 vehicles are covered by the recall, the NHTSA said in its announcement, noting that an estimated 1.6% have the defect.CHRYSLER RECALLS 1.27M […]

Nearly 30,000 pounds of imported raw beef from South America have been recalled in two states over the failure to reinspect the product after arriving in the U.S., according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS).Florida-based Corte Argentino USA LLC is recalling about 29,628 pounds of raw beef products that were imported from Argentina "without the benefit of import reinspection into the United States," which […]

Zoox CEO Aicha Evans agreed that autonomous vehicles should be regulated as the Amazon subsidiary’s fleet of autonomous vehicles launched its first paid service in the United States in Las Vegas Monday. In June, one of Zoox's robotaxis drove into heavy smoke at an active emergency scene in Las Vegas. Zoox issued a software recall following the incident and has since updated the technology to better detect and respond to fire […]

Congresswoman Alexandria Ocasio-Cortez, appearing on an ABC Sunday talk show interviewed by Jonathan Karl, had a word salad answer to a simple question that is every bit as bad or even worse than anything Vice President Harris has ever produced. Here’s the setup by Mr. Karl, who should have been much tougher in this interview: "So you have Wisconsin coming up next, Francesca Hong, who is the Democratic Socialist of America […]

The U.S. government's Strategic Petroleum Reserve (SPR) is at its lowest level since 1983 as inventories that were already low before the Iran war come under increasing pressure.Data released by the Department of Energy on Monday showed that the number of barrels of oil in the SPR declined by 6.1 million barrels last week, ending the week at 298.7 million barrels in inventory.That is the lowest level in the EIA's […]