BLOOMBERG BUSINESSWEEK

13 Aug

Why Weight-Loss Drugs Are Billion-Dollar Blockbusters: QuickTake

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Obesity is among the world’s most common health conditions, but for years medicine had few effective approaches to offer short of surgery. That’s why there’s been so much excitement about a new class of drugs that’s helping patients shed dozens of pounds at far lower risk — and generating billions in revenue for pharmaceutical companies. The mania over these drugs is drawing responses from businesses as varied as airlines, dialysis centers and big box chains, sending stock markets into a frenzy. Novo Nordisk A/S’s Ozempic was publicized by Hollywood, where it also became a punchline, and now Eli Lilly &…

Inside Worldcoin’s Orb Factory, Audacious and Absurd Defender of Humanity

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The startup, co-founded by Sam Altman, is determined to verify every human on Earth, one iris at a time. Source link lol

The Fake Indian Cricket League Created for Real Online Betting

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The sun was still rising one peaceful morning in late June 2022 when Constable Abdulgfar Saiyedali received an unusual telephone call from a friend. He was at police headquarters in Mehsana, a city of about 215,000 in the western Indian state of Gujarat, where he works as an officer in the Special Operations Group, a national unit that mainly covers narcotics, weapons and counterterrorism.The friend had a tip for Saiyedali. A perplexing cricket tournament was taking place in Molipur, a farming village about 30 miles away that’s populated largely by Sunni Muslims. The matches looked rudimentary, played by local amateurs…