Hims Fights to Keep Crown on Copycat GLP-1s
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When a shortage of brand-name weight-loss drugs like Ozempic and Wegovy cleared the way for companies like Hims to fill the gap with cheaper, compounded versions, customers came flocking. But in February, the US Food and Drug Administration announced the shortage was over, leaving the company's strategy in flux and some investors worried.
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29 minutes ago
- Yahoo
"This government is anti-union and anti-worker": CUPE NS Denounces Use of Bill 107
HALIFAX, Nova Scotia, August 16, 2025--(BUSINESS WIRE)--CUPE Nova Scotia strongly condemns the federal government's decision to interfere in workers' right to collective bargaining and job action by invoking Section 107 of the Canada Labour Code. "Clearly, this government is anti-union and anti-worker," said Alan Linkletter, CUPE Nova Scotia President. "Forcing workers back on the job instead of supporting free and fair collective negotiations directly contradictions workers' rights that are guaranteed under the Canadian Charter of Rights and Freedoms." Air Canada has asked the government to crush striking workers' Charter rights, and Federal Labour minister Patty Hajdu is ready to deliver. Hajdu announced that the federal government will be invoking Section 107 at a press conference this afternoon, citing the financial welfare of Canadians and the economy at large as a deciding factor for this decision. "She says this move is for the financial security of Canadians—are these workers not Canadians? Does their welfare not matter? How can you be financially secure when you don't even get paid for all of the hours you work?" Contrary to the Minister's remarks, this will not ensure labour peace in Canada. This will only push this fight onto the next group of workers in negotiations, while Air Canda's flight attendants continue to work for a billion-dollar company for free. Flight attendants are only paid when the plane is moving, and work as many as 35 unpaid hours a month performing vital duties that ensure the safe and smooth operation of each flight. Now, instead of paying flight attendants for all the hours they work, Air Canada has clearly sought help from the federal government to continue exploiting their employees. "Minister Hajdu's comments indicate a clear lack of respect for workers' rights," said Sherry Hillier, President of CUPE Newfoundland and Labrador and National General Vice President for Atlantic Canada. "By using Section 107 to force workers back on the job yet again, they're setting a pattern. And that pattern is that Liberals don't care about Canadians." Recent polling data indicates that 9 out of 10 Canadians support Air Canada flight attendants' fight for fair pay. 88% per cent of Canadians believe flight attendants should be paid for all work-related duties including boarding, delays, and safety checks. 76% support raising their pay to reflect the important safety role they play. 59% believe the federal government should respect flight attendants' right to take job action–even if it causes travel disruptions. CUPE represents over 10,000 Air Canada flight attendants across the country, and workers have been demonstrating at Halifax Stanfield International Airport since 6AM. "Messages of support have been pouring in for these workers from across the country," continued Linkletter. "Canadians stand with us. Our elected representatives should, too." View source version on Contacts Sherry HillierPresident, CUPE Newfoundland & LabradorNational General Vice President, CUPE Atlantic and Maritimes regions709-765-2996 Alan LinkletterPresident, CUPE Nova Scotiapresident@ Taylor JohnstonCUPE Atlantic Communications Representativetjohnston@ Haseena ManekCUPE Atlantic Communications Representativehmanek@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
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Kevin O'Leary Says If You're Single and Child-Free, Don't Buy a House — 'Are You Married? If the Answer Is No, Rent'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renting might not be the American Dream — but according to Kevin O'Leary, it's the smarter choice for millions of people chasing it too soon. In a 2018 interview with CNBC, the "Shark Tank" investor laid it out bluntly: "Are you married? If the answer is no, rent." "If you're married, do you have children? No? Rent." That's not exactly the advice most people grew up hearing. For decades, homeownership has been sold as a must-do milestone. Buy a house, build equity, settle down. But O'Leary flips the script — and his reasoning has only gotten more relevant in 2025's brutally expensive housing market. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. "I think the key to life — particularly when you're young — is to stay out of debt," he said, urging young adults to delay buying until they're financially stable and partnered. Why the "Debt-Free" Rule Matters More Now O'Leary points to interest rates as the silent killer behind a bad home purchase. For years, mortgage rates were dropping, making it cheaper to borrow and pushing home values higher. But that trend reversed — and reversed hard. Even back in 2018, he warned: "Interest rates aren't going down any more." In 2025, mortgage rates are higher than they've been in over a decade. Which means a $500,000 house today could cost tens of thousands more over time than it would've just a few years ago. Add in maintenance, taxes, insurance, and the risk of job instability — and the case for renting gets a little stronger. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. Even Munger Backed That Logic Charlie Munger, Warren Buffett's longtime business partner, said it even more plainly: "The time to buy a house is when you need one." Pressed for what that meant, Munger didn't hesitate. "The single people, I don't care if they ever get a house," he said, calling it an "old-fashioned" belief he still stands by. His point? It's not about market timing or checking off a box. It's about necessity. Buying a home isn't always wealth-building. Sometimes, it's just wallet-draining. Renting Isn't Throwing Money Away — It's Buying Flexibility There's still a widespread myth that renting means "flushing money down the toilet." But in reality, renting can be a financial strategy — especially when the cost of owning is sky-high. Not to mention, renters can still invest in real estate without buying a home. Platforms like Arrived allow individuals to purchase fractional shares of rental properties — meaning you can be a landlord without ever unclogging a drain. It's one way renters can build long-term wealth while sidestepping the burdens of a full mortgage. A New Definition of "Making It" O'Leary's advice isn't anti-homeownership — it's anti-rushing. The traditional path of marriage, children, a mortgage, and the picket fence still works for plenty of people. But for single renters, or couples without kids, the pressure to buy can end up doing more harm than good. So if you're renting right now, you're not behind. You might be ahead. Especially if your bank account is healthier than your homeowning friends'. And if you're not married with kids? Well... you already know what O'Leary would say. See Next: This HELOC lender lets you borrow, repay, and borrow again —. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. This article Kevin O'Leary Says If You're Single and Child-Free, Don't Buy a House — 'Are You Married? If the Answer Is No, Rent' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Shock jobs report stirs recession fears: 5 takeaways
The disappointing July jobs report threw a bucket of cold water on an economic outlook that appeared to be holding up surprisingly well despite President Donald Trump's high import tariffs, immigration crackdown and widespread federal layoffs. Not only did employers add a disappointing 73,000 jobs – well below the 105,000 expected – but payroll gains for May and June were revised downward by a whopping 258,000. That left May's additions at 19,000 and June's at 14,000, the weakest performance since the nation was climbing out of the COVID-19 recession in December 2020. By late afternoon Aug. 1, Trump announced he ordered the firing of Erika McEntarfer, the U.S. commissioner of Labor Statistics. The president in a social media post accused McEntarfer of manipulating figures for "political purposes," though he did not provide any evidence. In early afternoon trading, the Dow Jones Industrial Average was down about 607 points and the benchmark S&P 500 index was off 1.5% Over the past three months, the economy has averaged just 35,000 employment gains. Here are a few takeaways: This was no blip The poor showing likely wasn't an outlier that will be followed by a resumption of healthy job gains in the months ahead, economists said. Consumers have reined in their spending somewhat, amid worries about Trump's tariffs pushing up prices, and are pulling back on travel and recreational activities. As more of the import charges hit store shelves, Americans will likely restrain their outlays further, Pantheon Macroeconomics wrote in a note to clients. That should translate into weaker job gains, especially in sectors such as manufacturing, retail, trucking and warehousing, the research firm said. And on July 31, Trump escalated his global trade fight with a sweeping new round of import levies. Meanwhile, executives' confidence in the business outlook has been shaken in recent months by the tariffs – which are squeezing profit margins – and that's expected to spell a more pronounced decline in business investment, Pantheon said. 'Sadly, employment appears set for a further summer slowdown as firms, facing renewed cost volatility from escalating trade tensions, remain focused on managing labor costs through reduced hiring, performance-based layoffs, restrained wage growth, and lower entry-level wages,' Gregory Daco, chief economist of EY-Parthenon, wrote to clients. Also, after the Supreme Court recently lifted a stay on mass federal layoffs, 'the decline in federal employment likely will gather more momentum over the coming months,' Pantheon said. The Labor Department has tracked 84,000 federal job losses this year, but the number of buyouts and job cuts announced was much larger. Hiring across the economy hit a 12-month low in June, Labor Department figures show. Will there be a recession in 2025? The dreaded word has slipped back into the conversation after fading the past couple of months as Trump delayed many tariffs and reached deals with several countries. 'To me, today's jobs report is what entering a recession looks like,' Josh Bivens, chief economist of the left-leaning Economic Policy Institute, said in a statement. 'Could we pull up? Sure. But if we look back and end up dating an official recession that starts 3-6 months from now, this is what it would look like today – rapid softening/deterioration in the labor market.' A recession now appears 'very, very likely' unless Trump lowers the tariffs by Labor Day, said Mark Zandi, chief economist of Moody's Analytics. Could a skidding economy and stock market lead Trump to reverse course? A darkening economic outlook and tumbling stock market could well prompt Trump to try to soften the import fees, Zandi said. 'He's going to try to pull it back,' he said. But if he doesn't act before Labor Day, 'It will be too late,' Zandi said, adding the duties will start to ripple too dramatically into retail prices and consumer and business sentiment for the effects to be undone. A September fed rate cut likely At a July 30 news conference following the Fed's decision to hold rates steady for a fifth straight meeting, Fed Chair Jerome Powell described the labor market as solid and balanced. He also said officials would focus primarily on the unemployment rate as they decide whether to lower rates in September. The jobless rate edged up to 4.2% in July. It's still historically low because Trump's immigration constraints, particularly deportations, shrank the labor force – the pool of people working or looking for jobs – even as demand for employees has waned. In other words, the supply of job seekers has contracted at the same time hiring has declined, keeping the unemployment rate roughly stable. But Morgan Stanley suggested the feeble job gains of the past three months would spur the Fed to act in September despite stable unemployment. 'The slower payroll pace keeps downside risks elevated and a September cut on the table,' Morgan Stanley said in a research note. Fed fund futures markets are now putting the chances of a September rate decrease at 85%, up from 45% after Powell's July 30 remarks. AI is starting to crimp job gains Professional and business services shed 14,000 jobs in July and payroll gains in the sprawling white-collar sector have been stagnant for more than two years. July's showing included job losses in computer and technical roles. Staffing executives say companies are replacing many entry-level information technology workers with artificial intelligence. 'It is happening,' Goldman Sachs chief economist Jan Hatzius said on CNBC after the release of the July jobs report. 'This is not the main thing driving the labor market... But we're seeing early signs.' (This story was updated to add new information) This article originally appeared on USA TODAY: July jobs report takeaways: Weakening labor market, recession fears Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
