Just days after aligning itself with Novo Nordisk in a legal fight against Hims & Hers over copycat versions of Wegovy, the U.S. Food and Drug Administration has warned the drugmaker that a television advertisement for its newly launched Wegovy pill contains “false or misleading” claims. In a letter dated February 5, the FDA said the ad misbrands the oral version of Wegovy, making its continued distribution a violation of federal law. The agency requested that Novo take immedi...
Monday.com (NASDAQ: MNDY) said it expects lower-than-anticipated operating income and revenue growth in the coming periods, sending its shares down more than 21% on Monday. The project management software company reported fourth-quarter adjusted earnings of $1.04 per share, exceeding the 92 cents expected by analysts surveyed by LSEG. Revenue for the quarter rose 25% year over year to $333.9 million, topping the $329.6 million consensus estimate. Despite the earnings beat, the company issu...
Chinese EV maker BYD, widely seen as Tesla’s biggest arch-nemesis, has filed a lawsuit against the U.S. government to recover tariffs paid under President Donald Trump and challenge the legal authority used to impose them. In court filings, BYD argues that the administration exceeded its authority by relying on the International Emergency Economic Powers Act to levy tariffs on imported goods. The company says the statute does not authorize border taxes, noting that the law does not expl...
Trump is about to say “lawyer up” so mf’ing loud... In case you've been too hungover to notice this morning (which honestly, is fair considering last night's Super Bowl was hands down the most boring a$$ Super Bowl in history)... BYD just got its Better Call Saul on as it filed suit against the U.S. government, aiming straight at Trump-era tariffs and asking for a full refund on everything it’s paid since last April. (Source: Giphy) To be clear, this is...
“I promise it won’t happen again…” -Hims CEO Andrew Dudum, knowing full well, it will in fact, happen again Well… turns out the Silicon Valley mantra of “move fast and break things” hits a little different when the thing you’re breaking is federal drug law. That lesson arrived quickly for Hims & Hers, which wasted no time slamming the eject button on its would-be Wegovy clone after Novo Nordisk and the U.S. Food and Drug Administration...
“You can’t do this to me… do you know how much I’ve sacrificed?” -Bitcoiners after Scott Bessent made it clear the world’s #1 financial cult is not getting the 2008 “too big to fail” treatment. And yes, before you yell at your screen: “AMD just got absolutely vaporized and you’re talking about crypto?” Hang tight. We’re walking into that fire shortly. Bitcoin slid another 2% on this blessed hump day (now hovering...
A federal jury in Phoenix found Uber (NASDAQ: UBER) liable on Thursday in a lawsuit brought by a woman who said she was sexually assaulted by a driver, awarding the plaintiff $8.5 million in compensatory damages. The case was the first to reach trial among more than 3,000 similar lawsuits against Uber that have been consolidated in U.S. federal court. Jurors concluded that the driver acted as an agent of Uber, making the company responsible for his conduct. The panel declined to award punitiv...
“Just keep it in your pants Greg, and we’ll be just fine…” -Kroger board before the introductory press conference Alright, Midwesterners, you can breathe again. Every Walmart hater’s favorite grocery chain (and the undisputed champion of wholesome, heartland-coded commercials) officially has adult supervision back in the building. And trust me, you may be having a rough start to your week… but unless you're one of Elon’s baby mama’s...
“I am never going to financially recover from this…” -morons who convinced themselves that BTFD in January was a genius move The covid sensation workout bike became a short-seller's dream today (-20%) after Peloton’s earnings all but revealed they can’t even get soccer moms excited about getting fit during New Years resolution season. You know. The one quarter where demand is basically supposed to be on autopilot. Instead, Peloton managed to fumble the ba...
Chinese EV maker BYD, widely seen as Tesla’s biggest arch-nemesis, has filed a lawsuit against the U.S. government to recover tariffs paid under President Donald Trump and challenge the legal authority used to impose them. In court filings, BYD argues that the administration exceeded its authority by relying on the International Emergency Economic Powers Act to levy tariffs on imported goods. The company says the statute does not authorize border taxes, noting that the law does not expl...
“Dad, what was Eddie Bauer like before it became a mall ghost?” Pour one out for the fleece vest you bought your dad in 2007 that he refuses to wear. Eddie Bauer, the 106-year-old outdoor legend that once outfitted Everest climbers and WWII troops, has officially filed for Chapter 11… again. Not the brand itself (that thing is practically immortal), but the operator of its North American stores. Essentially… the lights are on, the rent is late, and the mannequins...
“Just keep it in your pants Greg, and we’ll be just fine…” -Kroger board before the introductory press conference Alright, Midwesterners, you can breathe again. Every Walmart hater’s favorite grocery chain (and the undisputed champion of wholesome, heartland-coded commercials) officially has adult supervision back in the building. And trust me, you may be having a rough start to your week… but unless you're one of Elon’s baby mama’s...
Live look at Dems right now… (Source: Giphy) After torching the Nexstar–Tegna merger a few months ago, Donnie Deals has gone to Truth Social yelling “GET THAT DEAL DONE!” (no exaggeration) like he just discovered where the volume knob is. The deal in question, obvi, is none other than Nexstar Media buying Tegna for $6.2B, scooping up 64 more stations and pushing Nexstar’s reach to roughly 80% of the country. It was announced las...
“I promise it won’t happen again…” -Hims CEO Andrew Dudum, knowing full well, it will in fact, happen again Well… turns out the Silicon Valley mantra of “move fast and break things” hits a little different when the thing you’re breaking is federal drug law. That lesson arrived quickly for Hims & Hers, which wasted no time slamming the eject button on its would-be Wegovy clone after Novo Nordisk and the U.S. Food and Drug Administration...
A federal jury in Phoenix found Uber (NASDAQ: UBER) liable on Thursday in a lawsuit brought by a woman who said she was sexually assaulted by a driver, awarding the plaintiff $8.5 million in compensatory damages. The case was the first to reach trial among more than 3,000 similar lawsuits against Uber that have been consolidated in U.S. federal court. Jurors concluded that the driver acted as an agent of Uber, making the company responsible for his conduct. The panel declined to award punitiv...
Kalshi started out letting people bet on who would win Best Picture or the White House. Now it wants permission to do something with way loftier ambitions... trade prediction markets on margin. The U.S.-regulated prediction market is quietly pushing the Commodity Futures Trading Commission for approval to allow margin trading… a move that would reshape who shows up to trade, how much capital flows in, and how seriously regulators treat “event contracts.” According to...
“I didn’t know that was a real company, I thought it was just a fake name for her latest Capital One credit card commercial…” -me after watching everyone’s favorite credit card actress light up the NYSE Have you ever wished you could buy a stock to get the approval of your wife who is now a self-described “crunchy mom”... You’re in luck. Once Upon a Farm just rang the bell on the New York Stock Exchange and the debut went about as smoothly as a...
SpaceX has signaled a change in its near-term exploration priorities, telling investors it plans to concentrate first on a return to the Moon before attempting a mission to Mars, according to a report from Wall Street Journal. The privately held aerospace company is now targeting March 2027 for an uncrewed lunar landing, the report said, marking a shift from earlier public statements by founder Elon Musk, who had previously suggested a Mars mission could take place as early as 2026. SpaceX...
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