Fed's Christopher Waller backs 50 bps rate cut
Fed Governor Waller expressed support for a 50 basis point rate cut and said that recent inflation data supports the decision. Waller mentioned that a fortnight ago he had considered a 25 basis point rate cut as a good option, but remained open to a more substantial 50 basis point cut.
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The US FDA requires semaglutide, tirzepatide, and other GLP-1 drugs to include new warnings about the risk of eye disease.
NAION is an eye disease that can cause sudden, painless loss of vision, with some patients potentially experiencing permanent visual impairment. The drugs involved include products from Eli Lilly and Novo Nordisk. According to analysts at Citi, the incidence of NAION is relatively low, and given the significant benefits of GLP-1 drugs in weight control and blood sugar management, the actual impact on prescription behavior is expected to be limited. On Monday, the stock prices of Eli Lilly and Novo Nordisk increased, with the news not causing any significant impact on their share prices.
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