Chicago Fed President Austan Goolsbee continued to express his view that policymakers could make several more rate cuts if inflation shows it is headed back to the Fed's 2% target. ...

Core Insights - A study found that patients on a higher dose of 7.2 milligrams for approximately 18 months experienced an average body weight loss of 21% [1] Group 1 - The dosage of 7.2 milligrams was associated with significant weight loss in patients [1] - The duration of the study was about 18 months, indicating a long-term effect of the treatment [1] - The average weight loss reported was 21%, highlighting the efficacy of the higher dosage [1]

Group 1 - General Mills has lowered its sales and profit outlook for the fiscal year due to stressed consumers buying fewer snacks and seeking more promotions [1]

Core Viewpoint - Consumer price pressures in Canada have eased slightly in January due to a significant drop in gasoline prices [1] Group 1: Consumer Price Index - The easing of consumer price pressures indicates a potential stabilization in inflation rates [1] - The decline in gasoline prices has been a major contributing factor to this easing [1] Group 2: Economic Implications - The reduction in price pressures may influence monetary policy decisions moving forward [1] - A stable inflation environment could lead to increased consumer confidence and spending [1]

Core Viewpoint - Medtronic reported a decline in profit during its fiscal third quarter due to rising costs and increased investments in the business, which countered the effects of higher revenue [1] Financial Performance - The company experienced a profit decrease in the fiscal third quarter, attributed to escalating costs and strategic investments [1] - Higher revenue was noted, but it was not sufficient to offset the increased expenses [1]

Core Viewpoint - The Warner Bros. Discovery board has established a seven-day period for Paramount to submit its "best and final" takeover offer [1] Group 1 - Warner Bros. Discovery is actively engaging in acquisition discussions with Paramount [1] - The seven-day window indicates a sense of urgency in the negotiation process [1] - This move reflects the competitive landscape in the media and entertainment industry, where consolidation is becoming increasingly common [1]

The hedge fund has been speaking to the company and supports CEO Mike Lyons. ...

Plus, Chinese AI's Super Bowl moment ...

Portland General Electric has struck a deal to buy the wind, natural-gas generation and distribution assets of Berkshire Hathaway's PacifiCorp unit in Washington state for $1.9 billion. ...

Core Viewpoint - The medical-device maker is anticipated to function as an independent entity within Danaher's Diagnostics segment [1] Group 1 - The company will operate as a stand-alone business, indicating a strategic focus on its specific market segment [1]