Fed’s Daly Cautions on Rate Duration Amid Economic Shifts; Wegovy Reveals Broader Liver Benefits
Stock Market News·2025-11-10 14:08

Economic Insights - Federal Reserve Bank of San Francisco President Mary Daly emphasized the Fed's careful approach to interest rates, stating that the Federal Open Market Committee (FOMC) is currently in a "good place" following recent policy adjustments [2][9] - Daly warned against maintaining high interest rates for too long, noting that the labor market is experiencing slowing wage growth, which indicates a "negative demand shock" [3][9] Pharmaceutical Developments - Novo Nordisk announced significant findings regarding its drug Wegovy® (semaglutide 2.4 mg), revealing liver health-related benefits in adult patients with metabolic dysfunction-associated steatohepatitis (MASH) and liver scarring, independent of weight loss [4][9] Trade Relations - Arrow China Electronics Trading and its affiliates were removed from the U.S. Commerce Department's Entity List, allowing Arrow Electronics to resume normal transactions after previous trade restrictions were lifted [5][9] Cryptocurrency Market - Coinbase launched a new platform for digital token offerings, enabling individual investors to purchase digital tokens before they are officially listed on the exchange, with blockchain startup Monad being the first project to utilize this service [6][9] Geopolitical Discussions - An Israeli government spokesperson confirmed discussions between Prime Minister Netanyahu and Jared Kushner regarding post-conflict plans for Gaza, focusing on disarming Hamas and demilitarizing the region [7][9]