A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.Roundhill Investments' GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his...
Category: Finance
Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
Officials continue to conduct operation and inspect the area after the train derailment in East Palestine, Ohio, United States on February 17, 2023. EPA | Anadolu | Getty ImagesNorfolk Southern has agreed to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio, in February 2023,...
Here’s how to buy renewable energy from your electric utility
Wind turbines in Dawson, Texas, on Feb. 28, 2023. Mark Felix | Afp | Getty ImagesAs carbon emissions from fossil fuels keep warming the planet, eco-conscious consumers may wonder if there's a way to buy electricity from renewable sources without installing technology like solar panels or windmills on their property.In short,...
No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week.But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals."I think...
China consumption slows as retail sales and investment data disappoint
Pictured here is a BYD factory producing new energy-powered trucks in Huai'an, China, on February 21, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.Retail sales rose by 2.3% in April from a year...