Inflation closed out 2024 strong, with the personal consumption expenditures price index increasing 2.6% year-over-year in December, meeting expectations and above the Fed’s 2% target. Core PCE also came in at 2.8%, signaling elevated inflation levels. Fed Governor Michelle Bowman expects inflation to decelerate in 2025 but suggests keeping interest rates on hold until clear signs of improvement are seen.
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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...
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