📈 Stocks / Finance

Hims Stock Crashes 33% After Novo Ends Wegovy Deal

Investor’s Business Daily

Hims stock fell over 33% after Novo Nordisk terminated their weight-loss drug partnership, citing 'deceptive promotion' of compounded Wegovy alternatives. Novo alleged illegal sales practices, while Hims defended personalized dosing. Novo shares dropped 6%.

Oil Volatility Emerges as Key Market Driver

Yahoo Finance

Oil futures fell ~6% Monday, with Brent below $72.50 and WTI near $70, after reports of Iranian missile strikes. Stocks rose in response. Strategists warn a spike to ~$120 could trigger inflation and hit equities. Iran’s potential Strait of Hormuz closure remains a key risk.

Trump Media Approves $400M Buyback Despite Heavy Losses

CNBC

Trump Media authorized a $400M stock buyback, citing $3B in balance sheet assets. The buyback won’t affect its $2.5B bitcoin treasury plan. Despite a $400.9M loss on $3.6M revenue in 2024, the firm holds $776.8M in cash and a $4.9B market cap.

🪙 Crypto

XRP Mining Unveils Cloud Contracts for Passive Crypto Yield

Global Newswire

XRP Mining launched a cloud mining program allowing users to stake assets like BTC, ETH, and DOGE in short-term contracts with daily profit payouts. No hardware is required, and withdrawals begin at $100. The firm claims over 5M global users.

🌎 Global Economy

IMF Cautions U.S.–Iran Strikes Could Hit Global Growth

Arab News

The IMF warned U.S. strikes on Iran could disrupt energy supplies and amplify economic uncertainty. Brent crude briefly rose 5.7% to $81.40. The IMF cited possible 'secondary and tertiary impacts' on growth, noting already lowered global forecasts.

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