Author: i2wtc

Shares of Viking Therapeutics fell 40% on Tuesday after the company released mid-stage trial data on its obesity pill that disappointed investors. The results could be a blow to Viking, which was once seen as a hot M&A target as pharmaceutical companies scramble to join the booming market for obesity and diabetes drugs. It could reinforce Eli Lilly and Novo Nordisk’s dominance in the space, especially as they develop pills for weight loss that could enter the market years ahead of the tablet formulation of Viking’s drug, VK2735. Jared Holz, Mizuho health care equity strategist, said in an email Tuesday that the…

* Across Gaza, Sudan, Syria, Lebanon and Yemen, armed conflict rages on amid hunger, diseases and collapsing water systems.* The UN has long emphasized that these disasters are not inevitable. Behind each emergency lies a more complicated truth: Political factors — more than poverty or natural hazards — are driving the region’s humanitarian collapse.CAIRO, Aug. 19 (Xinhua) — As the World Humanitarian Day is marked across countries on Tuesday, the Middle East and North Africa remain mired in some of the world’s gravest crises, especially humanitarian ones.Across Gaza, Sudan, Syria, Lebanon and Yemen, armed conflict rages on amid hunger, diseases…

The Pakistan Stock Exchange (PSX) remained unstoppable on Tuesday as the KSE-100 index crossed 149,000 points in intra-day trading, setting a new milestone in its record-breaking rally. KSE-100 index rising 1,006.96 points to reach the current index of 149,203.38 during intra-day trading as compared to the previous close of 148,196.42. During today’s session, the index has hit a high of 149,367.31 points and a low of 148,293.94 points so far. Trading volume stood at 105.68 million shares, while the value of transactions reached Rs10.77 billion. The market registered a 0.68% increase, reflecting continued investor confidence. Earlier on Monday, the KSE-100…

The Nvidia booth at the China International Supply Chain Expo in Beijing on July 16, 2025.Florence Lo | ReutersNvidia said Tuesday that it is evaluating several products following a report that the company is working on a new artificial intelligence chip for China that is more powerful than the currently available H20.The new product, tentatively called the B30A, is expected to be based on Nvidia’s Blackwell chip architecture, Reuters reported, citing people familiar with the company’s plans. Nvidia hopes to deliver sample units to Chinese clients for testing as soon as next month, according to Reuters.”We evaluate a variety of…

An aerial drone photo taken on Aug. 19, 2025 shows a cargo ship at Qingdao Port in Qingdao, east China’s Shandong Province. As of the end of July, Qingdao Port has added 22 new outbound trade routes this year, bringing its total to 233 and connecting to over 700 ports in more than 180 countries and regions. (Xinhua/Li Ziheng)An aerial drone photo taken on Aug. 19, 2025 shows a view of Qingdao Port in Qingdao, east China’s Shandong Province. As of the end of July, Qingdao Port has added 22 new outbound trade routes this year, bringing its total to…

ISLAMABAD: A parliamentary panel has asked the Ministry of Information to chalk out a plan to make the Pakistan Television (PTV) financially stable and also to explore other revenue streams for the state-owned television, which has been in dire straits for quite some time. The National Assembly Standing Committee on Information and Broadcasting met under the chairmanship of MNA Pullain Baloch at the Pakistan Electronic Media Regulatory Authority (Pemra) headquarters on Monday. The committee while discussing the present state of the PTV opined that an inquiry should be conducted to identify reasons and people responsible for bringing the network to…

South Africa’s Aiden Markram hit 82 before left-arm spinner Keshav Maharaj tore through Australia’s new-look batting order as the Proteas claimed the One-Day International series opener by 98 runs in Cairns on Tuesday. Sent in to bat, Markram — opening for the first time in ODIs since 2021 — crunched nine boundaries in his 81-ball knock to power South Africa to a formidable 296-8. Skipper Temba Bavuma (65) and Matthew Breetzke (57) also helped set the tone for the three-match ODI series. In reply, openers Mitchell Marsh and Travis Head flattened South Africa’s pacemen as Australia raced to 60-0 after…

BUNER: Residents of a northwestern Pakistani district where devastating floods have killed more than 200 people said on Monday they were too scared to go back to their deluged homes as authorities warned of more rains to come. “Everybody is scared. Children are scared. They cannot sleep,” said Sahil Khan, a 24-year-old university student. He was speaking to a Reuters team from a rooftop in the district of Buner, where he and 15 other villagers had climbed to escape any more flooding amid a fresh spell of rain on Monday. “It was like a doomsday scenario,” he said of the…

Key PointsThe U.S. government on Monday announced the U.K. would drop its demand for Apple to provide a “back door” to user data.The move represents a triumph for the iPhone maker and, more broadly, for end-to-end encryption.Tech companies say that building an encryption “back door” would not only undermine user privacy, but also expose them to possible cyberattacks.Apple clinched a major win Monday after the U.S. government announced that the U.K. had agreed to drop its demand for the company to provide a “back door” granting officials access to users’ encrypted data. The iPhone maker won’t be alone to rejoice…

The exterior of a Best Buy store is seen on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesBest Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales.Starting on Tuesday, shoppers who go to Best Buy’s website and app will see products and brands that weren’t available there before, including more tech-related accessories like custom video game controllers and some non-tech items including seasonal decor and sports collectibles.The company’s online marketplace riffs off those of other retailers, such as Amazon and Walmart, by relying on…