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Steve Christo - Corbis | Corbis News | Getty ImagesNovo Nordisk's blockbuster diabetes drug Ozempic may reduce the risk of developing Alzheimer's disease, suggesting its potential to delay or prevent the memory-robbing condition, according to a study released Thursday. Semaglutide, the active ingredient in Ozempic, was associated with a 40% to 70% lower risk of a first-time Alzheimer's diagnosis in patients with Type 2 diabetes compared with seven other diabetes medications. That includes insulin and older so-called GLP-1 drugs similar to Ozempic, the research said. Alzheimer's disease is often diagnosed in the mild dementia stage, when a person has significant trouble with memory and thinking. Almost 7 million Americans have the condition, the fifth-leading cause of death for adults over ...

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.The carrier said it expects to earn between 25 cents and 50 cents a share on an adjusted basis for the fourth quarter, above the 29 cents analysts polled by LSEG expected. For the full year, the airline expects to earn as much as an adjusted $1.60 a share, ahead of an earlier American forecast for no more than $1.30 a share.American in May fired its chief commercial officer after a sales strategy that aimed to drive direct bookings backfired and quickly reverted much of its sales model."We have taken aggressive action to reset our sales and distribution strategy and reengage the business travel community, which ...

An exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag.Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty ImagesNike and Kohl's may not be winning on Wall Street, but a wide set of consumers still consider them to be the best in their categories, according to a consumer sentiment survey released Thursday. The Consumer Sentiment Index from consulting firm AlixPartners asked 9,000 fashion shoppers from Gen Z to boomers about the factors that drive their purchasing decisions and how retailers stack up against their competitors. Nike was ranked the No. 1 active footwear retailer among all four generational cohorts polled for the survey: Gen Z, millennials, Gen X and boomers. The legacy sneaker giant beat out Adidas a...

Here are five key things investors need to know to start the trading day:1. S&P losing streak2. EV gainsNew Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty ImagesCall it the Tesla 20%. That was CEO Elon Musk's projection for vehicle sales growth next year, boosted by "lower cost vehicles" and the "advent of autonomy." That growth forecast outpaced Wall Street's expectations of 15% growth in deliveries next year to 2.04 million, according to FactSet. Musk's comments came after the U.S. EV leader handily beat profit expectations for the third quarter, despite coming in just shy of revenue estimates, according to LSEG. Shares of Tesla gained more than 10% in extended trading.3. Strike ext...

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares moved 3% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street's revenue expectations for the third quarter.Here's how the company did in comparison with LSEG's consensus:Earnings per share: $2.30 adjusted vs. $2.23 expectedRevenue: $14.97 billion vs. $15.07 billion expectedIBM's overall revenue increased 1.5% year over year, according to a statement. It had a net loss of $330 million, or 36 cents per share, compared with net income of $1.70 billion, or $1.84 per share, in the year-ago quarter. IBM swung to a loss after a one-time pension settlement charge tied to an agreement w...

Robots — or automated devices that can execute tasks without human intervention — are witnessing a "new inflection point" and several global stocks are leading in a corner of the ecosystem, according to research firm Bernstein. These stocks are captured under the arc welding segment or "one of the largest robotic applications," the investment banks' analysts wrote in an Oct. 23 research note. They also noted that such robots account for around 10% to 20% of annual robot shipments. Arc welding involves the fusion of metal pieces with heat generated by an electric arc. This method is utilized in a range of industries including construction, shipbuilding, automotive parts manufacturing, aerospace and railways, Bernstein detailed. "To date, traditional pre-programmed arc welding robots have be...