Negelle Morris, senior vice president of Novo Nordisk, speaks out on "Good Morning America" about drugs used for weight loss. Via GMA(NEW YORK) An executive for Novo Nordisk, the maker of popular drugs used for weight loss including Ozempic and Wegovy, says the company is investing over $6 billion dollars to help meet the increased demand for the drugs amid ongoing shortages and high prices.Negelle Morris, senior vice president and head of U.S. cardiometabolic sales at Novo Nordisk Inc., warned though that even with the increased investment, there will still likely be a delay in getting the drugs to the market."It s not like a light switch," Morris told ABC News Erielle Reshef in an exclusive interview that aired Thursday on "Good Morning America." "The strategy is to be very mindful and thoughtful about the amount of the lower doses that we re putting into the market, and I think that over time, the investments that we re making in manufacturing c
Tetra Images/Getty Images(NEW YORK) For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans.At a press conference this week, however, Fed Chair Jerome Powell cast doubt on whether those rate cuts would arrive after all, saying the Fed needs to “gain greater confidence” that inflation is headed toward an acceptable level.The prospect of high interest rates for a longer period of time could exacerbate the financial pain already imposed by elevated borrowing costs, making loans expensive even as consumers still weather elevated prices, experts told ABC News.Americans with savings accounts and other cash funds will continue to benefit from solid returns, though they tend to be well-off people, the experts added.“Everyday people are suffering the most,” James Cox, a financial adviser and managing partner of Virginia-based Harris Financial Group, told ABC News. “Not only
pop jop/Getty Images(WASHINGTON) Russian military personnel are operating out of an air base in Niger that is still hosting a small number of American troops, two U.S. officials tell ABC News.One of the officials said the Russian trainers arrived several weeks ago at Niger s "Airport 101" near the capital of Niamey, and do not present an immediate security concern to U.S. troops.The Russian forces are operating out of a hangar at a location far away from U.S. forces and not on any property owned or being used by the United States, the officials said Thursday."The Russians are housed in a separate compound and do not have access to US forces, spaces, or equipment," one official said.Still, the development first reported by Reuters speaks to U.S. concerns that Russia is aggressively trying to gain a foothold in West Africa, and specifically Niger where U.S. troops have been asked to leave after building a remote $150 million counterterrorism drone base in Agadez
Getty Images - STOCK(NEW YORK) A British man who wreaked havoc on a United Airlines flight, forcing the flight crew to divert their landing location, must pay over $20,000 to the airline, prosecutors announced.The charges stem from a March 1 flight that departed from London, when passenger Alexander Michael Dominic MacDonald, 30, "began arguing with his traveling companion and causing a disturbance," according to a press release from the U.S. Attorney s Office."When flight attendants asked MacDonald to be quiet and attempted to calm him, he became belligerent, threatening and intimidating towards them," prosecutors said.Despite an international purser onboard the flight attempting to intervene, MacDonald continued to be "belligerent and intimidating" toward the official as well, according to prosecutors.In the release, DOJ noted that MacDonald threatened to "mess up the plane" amid the altercation.Due to the continued disturbance, flight crew r