German inflation surged to a higher-than-expected 2.9% in December, exceeding analysts’ forecasts and marking the third consecutive month above the European Central Bank’s 2% target. Core inflation rose to 3.1%, with services inflation at 4.1%, driven by less favorable energy base effects. The data comes amidst political uncertainty in Germany ahead of early elections on Feb. 23, following the dissolution of the ruling coalition in November.
Full Article
What is the weight-loss drug Orfoglipron and could it replace Ozempic?
Ozempic has gained immense popularity recently, contributing to Weight Watchers' bankruptcy, while new competitors like Mounjaro and the oral pill Orforglipron emerge. Currently in trials, Orforglipron aims to treat Type 2 diabetes and obesity, showing potential for 16-pound weight loss over nine months, with ongoing benefits post-trial. Developed by Lilly, the pill could address the UK’s obesity crisis, where 16.8 million people are affected, although it carries risks including nausea and serious health concerns like...
Read more