GLOBAL ECONOMY

Federal financial regulators proposed new rules for large banks that aren't classified as systemically important related to their long-term debt holdings and their "living wills."

President Biden announced the first 10 Medicare Part D drugs his administration has selected for price negotiation, including blood thinner Eliquis and Jardiance, a diabetes medication.

Meta Platforms should continue paying a daily fee of nearly $100,000 as it remains in violation of the European General Data Protection Regulation, a Norwegian regulator argued.

North Korea requires significant financial support following three years of strict border closures over COVID-19 fears, which the country claimed to have eradicated last year.

China's economic slowdown looks likely to worsen, a reality that could inflict some pain on U.S. companies highly reliant on their business with the country.

Credit Suisse and UBS's Global Wealth Report finds global wealth fell last year for the first time since 2008, with the U.S. leading in market losses.

FTX founder Sam Bankman-Fried is accused through a superseding indictment of using stolen customer funds in a "wide-ranging political influence operation."

The U.S. manufacturing sector is benefitting from firms reshoring their operations from overseas back to the U.S. as they try to mitigate vulnerabilities in their supply chains.

Novo Nordisk said lower-dose strengths of Wegovy will be limited as it tries to ramp up production to meet the surge in demand for the weight loss drug.

An Ohio steel conglomerate's plan threatens tens of thousands of U.S. manufacturing jobs and would increase the price of canned goods across the country.

The Supreme Court on Aug. 10, 2023, temporarily blocked a bankruptcy deal that would protect the Sackler family, who owns Purdue Pharma, manufacturer of Oxycontin, from lawsuits.

As many countries deal with crippling inflation, China is seeing month-on-month declines in consumer prices and spending stoking anxiety among investors and trading partners.

FOX Business' Stuart Varney analyzed 'hard evidence' from Republican Rep. James Comer showing millions flowed to Biden family bank accounts from foreign sources

Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.

Novo Nordisk said the results of a late-stage drug trial showed weight loss drug Wegovy also can cut the risk of heart disease in certain patients.

Eli Lilly reported strong second quarter sales Tuesday in large part because of the demand for its diabetes treatment Mounjaro. The drug might also be game-changer for obesity.

Health care systems around the U.S. are planning to start rolling out Alzheimer's drug Leqembi to qualifying patients. Some hospitals will start within the next month or two.

Officials in Jeannette, Pennsylvania, are working to demolish a handful of vacant homes that have been the site of squatting and drug use, according the local fire chief.

A woman is suing Novo Nordisk and Eli Lilly, claiming they did not properly warn patients about certain side effects of Ozempic and Mounjaro medications that have surged in popularity.