business

The AARP has voiced strong opposition to the PROMISE Act, a bipartisan proposal aimed at reforming Social Security, arguing that it undermines the legislative process and could lead to rushed decisions affecting millions of Americans. This disagreement highlights the urgency for Congress to address Social Security's impending funding shortfalls, projected to begin in 2032.

Eli Lilly plans to seek approval for its next-generation obesity drug, retatrutide, in early 2027 after successful late-stage trials, highlighting its potential to capture a significant share of the growing obesity and diabetes treatment market.

Geely and Ford are forming a joint venture to manufacture electric vehicles at a Ford plant in Spain, marking a significant collaboration as traditional automakers seek to compete with rapidly expanding Chinese car manufacturers.

Ukraine's intensified drone strikes on Wildberries, Russia's largest online retailer, mark a strategic effort to disrupt the Russian economy and military supply chains, potentially leading to significant financial repercussions for the company and the broader market.