Business

Ozempic maker to cut thousands of jobs

Novo Nordisk, the maker of in-demand drugs Ozempic and Wegovy, said it will cut thousands of global jobs to simplify operations and reallocate resources toward its diabetes and obesity drugs as rivals take a bite out of the market share. The company announced on Wednesday that it intends to reduce…

California EV drivers are about to lose a major perk after 25 years

Electric vehicle drivers in California are losing their carpool lane privileges at the end of the month. The popular perk, which lasted 25 years, allowed electric vehicle drivers with a required decal on their car access to the carpool lane, even with only one person in the car. President Donald…

Trump brings key prescription drug home to US in sweeping Walmart deal

The United States is set to increase its manufacturing of amoxicillin — a widely used prescription antibiotic that recently faced a national shortage — after Walmart and medical supply and distribution company McKesson inked a deal with the nation’s lone manufacturer of the drug.  “We are thrilled to work with…

Klarna valued at B as buy now, pay later company makes IPO debut

Buy now, pay later company Klarna is making its long-awaited initial public offering on Wednesday after raising $1.37 billion. The Swedish firm priced its IPO at a higher-than-expected $40, above the $35 to $37 expected range, valuing the company around $15 billion.COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG…

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