
Hims & Hers to cut 68 employees, or 4% of workforce, Reuters reports
Hims & Hers will cut 68 employees, or about 4% of its workforce, as it adjusts to the U.S. ban on manufacturing mass copies of Wegovy, Amina Niasse of Reuters reports. These changes are focused on sharpening how we execute, without affecting our priorities or the specialties we're committed to,' a company spokesperson said regarding the layoffs, according to Reuters.
Confident Investing Starts Here:

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
South Korea's liberal new president Lee Jae-myung vows economic revival, judgement against martial law
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea woke on Wednesday to a new liberal president, Lee Jae-myung, who vowed to raise the country from the turmoil of a martial law crisis and revive an economy reeling from slowing growth and the threat of global protectionism. Lee's decisive victory in Tuesday's snap election stands to usher in a sea change in Asia's fourth-largest economy, after backlash against a botched attempt at military rule brought down Yoon Suk Yeol just three years into his troubled presidency. With 100% of the ballots counted, Lee had won 49.42% of the nearly 35 million votes cast while conservative rival Kim Moon-soo had taken 41.15% in the polls that brought the highest turnout for a presidential election since 1997, according to National Election Commission data. The 61-year-old former human rights lawyer called Tuesday's election "judgment day" against Yoon's martial law and his People Power Party's failure to stop the ill-fated move. "The first mission is to decisively overcome insurrection and to ensure there will never be another military coup with guns and swords turned against the people," Lee said in a victory speech outside parliament. "We can overcome this temporary difficulty with the combined strength of our people, who have great capabilities," he said. Lee was officially confirmed as president by the National Election Commission early on Wednesday and immediately assumed the powers of the presidency and commander in chief. An abbreviated inauguration is planned at parliament within hours of the official confirmation. A slate of economic and social challenges await the new leader, including a society deeply scarred by divisions following the martial law attempt and an export-heavy economy reeling from unpredictable protectionist moves by the United States, a major trading partner and a security ally. The martial law decree and the six months of ensuing turmoil, which saw three different acting presidents and multiple criminal insurrection trials for Yoon and several top officials, marked a stunning political self-destruction for the former leader and a drag on an economy already slowing in growth. Lee has pledged to boost investment in innovation and technology to fuel the country on another growth trajectory while increasing support for middle and low-income families. Lee is expected to be more conciliatory toward China and North Korea, and has pledged to continue the Yoon-era engagement with Japan.
Yahoo
an hour ago
- Yahoo
Trump, Xi to speak ‘sometime this week': White House official
(NewsNation) — The White House said to expect President Donald Trump and his Chinese counterpart Xi Jinping to soon speak to one another about ongoing trade disputes. The conversation is likely to happen 'sometime this week,' a senior White House official told NewsNation. Press secretary Karoline Leavitt confirmed the talk's timeline, per Reuters. It comes after both the United States and China have accused one another of violating agreements on trade amid tense tariff negotiations. Rep. Ashley Hinson backs Trump's agenda despite boos at town hall Treasury Secretary Scott Bessent accused China of playing with supply chains of India and Europe, and Trump in a social media post accused China of 'totally' violating their 90-day agreement, reached in May. The deal slashed Trump's sky-high tariffs on Chinese imports from 145% to 30%, while Beijing dropped its own from 125% to 10%. On Tuesday, a spokesperson for China's Ministry of Foreign Affairs said his country has 'responsibly and faithfully' upheld its end of the agreement. 'Without any factual basis, the U.S. falsely accuses and smears China, and has taken extreme suppression measures against China such as new chip export controls, blocking EDA sales, and announcing plans to revoke Chinese students' visas,' spokesperson Lin Jian's statement reads in part. Weather Service rehiring at offices left 'critically understaffed' by layoffs Last week, Bessent described negotiations between the two nations as having hit a stall, adding that it might take the two heads of state speaking directly to get a deal done. The Trump administration is currently in a legal battle over whether the president's sweeping tariffs can remain in place. NewsNation's Anna Kutz contributed to this report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
an hour ago
- Yahoo
US to reduce military presence in Syria, keeping only one base operational
The United States will shut down most of its military bases in Syria, consolidating operations to a single location, as part of a policy overhaul announced by its new special envoy. Thomas Barrack, appointed by President Donald Trump last month as the US ambassador to Turkiye and special envoy for Syria, said the shift marks a rejection of Washington's past century of failed approaches in Syria. In an interview with the Turkish broadcaster NTV on Monday, Barrack said the troop drawdown and base closures reflect a strategic recalibration. 'What I can assure you is that our current Syria policy will not be close to the Syria policy of the last 100 years because none of these have worked,' he said. US forces are expected to withdraw from seven of eight bases, including those in Deir Az Zor province in eastern Syria, with remaining operations centred in Hasakah in the northeast. Two security sources told the Reuters news agency that US military hardware and personnel have already started relocating. 'All troops are being pulled from Deir Az Zor,' one source told Reuters in April.A US Department of State official later said troop levels would be adjusted 'if and when appropriate', depending on operational demands. Roughly 2,000 American soldiers remain in Syria, largely embedded with the Kurdish-led Syrian Democratic Forces (SDF), a key partner in the US-led campaign against ISIL (ISIS). The SDF, dominated by the People's Protection Units (YPG), a Kurdish militia, has been a longstanding point of contention with NATO ally Turkiye, which views it as linked to the outlawed Kurdistan Workers' Party (PKK). The PKK, which recently announced its disbandment, fought a decades-long armed rebellion against the Turkish state. Barrack called the SDF 'a very important factor' for the US Congress, stressing that integrating the group into Syria's national army is now a priority. 'Everyone needs to be reasonable in their expectations,' he said. Since the ouster of Syrian President Bashar al-Assad in December, international engagement with Damascus has resumed under new President Ahmed al-Sharaa. Barrack recently raised the US flag over the ambassador's residence in Damascus for the first time since 2012. Turkish President Recep Tayyip Erdogan criticised the SDF last week, accusing it of 'stalling tactics' despite its agreement to join the Syrian armed forces.