The Trump-appointed leadership of the Consumer Financial Protection Bureau plans to fire nearly all of its 1,700 employees in three phases, according to employee testimony. Meetings with senior CFPB leaders and Department of Government Efficiency members revealed a plan to cut the workforce in stages, ultimately leaving only a skeleton crew. The agency has already initiated layoffs, halted work, and reversed course on consumer protection cases, leading to legal challenges and suspensions of actions.
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Novo Nordisk halts Wegovy sales on Hims & Hers, claiming “deceptive marketing” practices
Novo Nordisk has terminated its partnership with Hims & Hers Health due to allegations of the telehealth company selling counterfeit versions of its weight-loss drug, Wegovy, which posed safety risks to patients. This decision follows a recent collaboration intended to enhance accessibility to obesity treatments, with Hims & Hers shares dropping by approximately 31% after the announcement. Need More Context? 🔎
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