Business News

I have been reading the business section in the newspaper for the past few weeks and find business news very interesting. We can find out about new products,  profits and  losses of business organizations, mergers, and acquisitions, CEOs and basically info about the national and global economy. Here is some info from the business pages of WSJ today. Seven of America's most valuable publicly traded companies are Tesla, Amazon.com, Oracle, Alphabet, Meta Platforms, Microsoft and Berkshire Hathaway. I read this in an article about how rich business people may take up political office. 

I noticed that the business pages usually has at least one news story about a pharmaceutical company. Today it was about the two dominant players in the obesity drugs market--  Eli Lilly and Novo Nordisk. I wondered why instead of consuming obesity drugs people would just exercise. I have heard of monopolies.Today I learned about Duopoly. Duopoly is a situation where two suppliers dominate a market. Ozempic by Novo Nordisk is an obesity drug. Zep bound by Eli Lilly is also an obesity drug. The Chinese government may disburse 10 trillion yuan as a stimulus for the Chinese economy. Experts say it may cause stability but is unlikely to spur growth. Longi, a Chinese company  is one of the biggest makers of solar power equipment in the world. Longi and a few other companies dominate the solar business globally. In an story about oil production and it's regulation I read about OPEC+. While OPEC or the organization of petroleum exporting countries has 13 members OPEC + has these 13 members and 10 other countries in the world that export oil as its members.