Anna's Daybreak News

Good morning news aficionados! Join us as we dip into the inkwell of current events, bringing you the most vibrant headlines, thought-provoking analyses, and illuminating stories that will leave you inspired and informed.

• China’s consumer prices have fallen into deflation for the first time in more than two years, according to data from the National Bureau of Statistics.


• The producer price index has fallen for a 10th consecutive month, down 4.4% from a year earlier.


• The slowing recovery comes as the government has rolled out a flurry of policy measures to support the economy, with more steps expected.


• Amid a weak housing market and high youth unemployment, investors are anxiously waiting for policymakers to inject stimulus measures.


• The anaemic prices contrast sharply with the crippling inflation most other major economies have seen.


• China is on the brink of a new era of much slower economic growth, like Japan's "lost decades".


• It's time to break out the foam fingers and cheer on the economy... Nothing like a good ol' fashioned deflation cycle to liven up the day!
Source: Read More

• Novo Nordisk A/S's anti-obesity drug Wegovy reduces the risk of heart attacks and strokes in a highly anticipated study.


• Wegovy showed a 20% reduction in heart attacks and strokes among people with obesity or overweight and a history of heart issues.


• Eli Lilly & Co. shares soar after strong sales of rival drug.


• Novo Nordisk A/S's best-selling drugs Ozempic and Wegovy are on everyone's lips - from the Oscars, Elon Musk, to TikTok videos, and even a song!


• This week a landmark trial revealed that Wegovy reduces the risk of heart disease by a fifth.


• But for all the fame of their weight-loss drugs, Novo Nordisk may be in danger of being outpaced by their own products!
Source: Read More

• WeWork has been trying to transition from a rowdy startup to a stable, profitable public company for the past four years.


• Its co-founder and former chief executive Adam Neumann has been replaced by an industry veteran.


• The company reported a net loss of $696 million in the six months ending in June.


• Increasing supply of commercial real estate has given consumers more options.


• WeWork has plans to improve its financial outlook, such as negotiating leases to lower rents, reducing member churn, and seeking additional capital.


• The company’s after-hours trading stock fell as much as 33% Tuesday evening.


• Shares of WeWork tumbled in extended trading after it expressed doubt about its ability to continue operating.


• Looks like Adam Neumann's project of turning WeWork into a startup sensation, has gone up in (smoke)...literally.
Source: Read More

• Russian grain traders turning to "shadow fleet" to move grain


• Major global grain traders reducing activity in Russia


• Potential increase in freight and insurance costs for Russia


• Risk of rising wheat prices on global market if issue unresolved


• Meanwhile, Freddy Versluys, CEO of Belgian defence company OIP Land Systems, has sold dozens of second-hand Leopard 1 tanks to another European country for Ukrainian forces fighting Russia's invasion


• The German-made Leopards were purchased from the Belgian government more than five years ago and will be repaired at a factory for four to six months before they are on the battlefield


• The tanks were at the centre of a public spat earlier this year after Belgian Defence Minister Ludivine Dedonder said the government had explored buying back tanks to send to Ukraine but had been quoted unreasonable prices


• Russia's risky game with grain transport could cost us all dearly
Source : Read More

Baked with love,

Anna Eisenberg ❤️