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The pharmaceutical industry is at risk of a “bubble effect” as demand for weight loss and diabetes drugs soars and profitability soars, new research suggests. Demand for the likes of Wegovy and Zepbound has pushed research and development revenues to their highest level in years, but a report released by Deloitte on Monday suggests this masks pressures facing other sectors. Drug R&D revenue for the world’s top 20 pharmaceutical companies improved to 7% for the third consecutive year, thanks almost entirely to a small number of highly predictive assets such as glucagon-like peptide receptor agonists (GLP-1).The report reveals that for…

In this illustrated photo, a packet of mifepristone is seen at Wellspring Center, Wyoming’s last abortion clinic, in Casper, Wyoming, on March 10, 2025.Natalie Bering | Getty ImagesThe U.S. Supreme Court on Monday temporarily lifted a lower court’s injunction against mailing the abortion drug mifepristone.The administrative suspension of mifepristone’s mailing ban issued by the 5th Circuit Court of Appeals on Friday will last until at least May 11 at 5:00 pm ET, but may be extended thereafter.Granting the stay, Supreme Court Justice Samuel Alito gave Louisiana until 5 p.m. Thursday to respond to a request to block the Fifth Circuit’s…

U.S. Treasury Secretary Scott Bessent, referring to Iran, accused China of “financing the largest state sponsor of terrorism” and said China should support U.S. efforts to reopen the Strait of Hormuz.Bessent’s outspoken criticism of China-Iran relations on Monday comes ahead of U.S. President Donald Trump’s planned visit to Beijing next week, where he is scheduled to meet with Chinese President Xi Jinping.Recommended stories list of 3 itemsend of list”Iran is the largest state sponsor of terrorism, and China buys 90% of Iran’s energy, so Iran is financing the largest state sponsor of terrorism,” Bessent told Fox News.Despite the accusations, US…

Juventus have identified Liverpool goalkeeper Alisson as their top target this summer.Sky Sports News understands that the Italian club will devote significant resources and time to signing the Brazilian ahead of next season. The 33-year-old is set to enter the final year of his contract with Liverpool in July after the club activated his extension option in March. Alisson, Liverpool’s first-choice goalkeeper for almost eight years, has missed the last five games with a hamstring injury.He also missed five Premier League games and six Champions League games earlier this season, being replaced by Giorgi Mamadashvili. Liverpool are believed to be…

On Monday, Anthropic announced a joint venture focused on deploying enterprise AI services. Blackstone, Hellman & Friedman and Goldman Sachs will be founding partners in the new venture, which will be backed by a group of VCs, hedge funds and private equity firms including Apollo Global Management, General Atlantic, GIC, Leonard Green and Sequoia Capital. The Wall Street Journal, which first reported news of the partnership, reported that the new venture was valued at $1.5 billion, including $300 million each from Anthropic, Blackstone, and Hellman & Friedman. The announcement comes as Anthropic’s biggest rival prepares to make a similar move.…

The global economy may be “sleepwalking” into a “great recession” as investors continue to underestimate the impact of oil price shocks, Amrita Sen, founder and director of market intelligence at Energy Aspect, told CNBC’s “Squawk Box Europe” on Monday. Last week, the S&P 500 index hit a new intraday high, and on May 1st, the market-wide index reached 7,230.12. This comes despite soaring energy costs due to Middle East wars, with oil prices soaring more than 50% since the US-Iran conflict began on February 28. “This is the biggest challenge for us. If anything, we think oil prices should go…

Meta Inc. CEO Mark Zuckerberg is seen on Capitol Hill after a meeting in the office of Senate Majority Leader John Thune, R.S.D., on Thursday, March 26, 2026.Tom Williams | CQ-Roll Call Inc. | Getty ImagesMeta was back in court in New Mexico on Monday as part of an ongoing child safety case that could determine whether the company will be deemed a public nuisance and have to spend potentially billions of dollars to repair its products.The social media company lost the first round of a lawsuit centered on claims brought by New Mexico Attorney General Raul Torrez. The company…

Women stand looking out at the Dubai skyline, including the world’s tallest building, Burj Khalifa, as seen from Creek Harbor on April 3, 2026. Fadel Senna | AFP | Getty ImagesThe United Arab Emirates announced on Monday that it had successfully intercepted multiple missiles fired from Iran.The UAE Ministry of Defense said in a translated post on its official X account that three “loitering munitions” were “captured in the country’s territorial waters.”The ministry announced that the fourth missile “fell into the sea.” The UAE is located on the southern edge of the Persian Gulf and is a key sticking point…

Manchester United are likely to earn around £200m next season, half of which is expected to come in the next transfer window, with a return to the Champions League set to bring in up to £100m in extra income.This achievement, along with an injection of significant new money, increases the likelihood that Michael Carrick will be handed the head coaching reins for the long term. It also means United can significantly expand their transfer plans this summer. However, it is clear that neither of these are guaranteed and all decisions (whether regarding the head coach or new players) must be…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. Congratulations to Golden Tempo on winning the Kentucky Derby. However, as a financial journalist, I felt that I wanted to support emerging markets.Stock futures are falling this morning. The market is coming off a winning week.Here are five important things investors need to know to start their trading day.1. Can Abel do it?Berkshire Hathaway CEO Greg Abel meets with shareholders at the Berkshire Hathaway Annual General Meeting on May 1, 2026 in Omaha, Nebraska.David A. Grogan | CNBCBerkshire Hathaway On Saturday, Warren Buffett held…