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World Economy Apr 01, 2026

FDA Grants Fast-Track Approval to Eli Lilly’s Oral GLP‑1 Weight‑Loss Pill Foundayo, Heightening Competition with Novo Nordisk

The U.S. FDA has approved Eli Lilly’s once‑daily oral GLP‑1 drug, Foundayo (orforglipron), marking …
The U.S. Food and Drug Administration announced on Wednesday that it has granted expedited approval to Eli Lilly’s oral weight‑loss medication, orforglipron—marketed under the brand name Foundayo. This makes Foundayo the second GLP‑1 pill to reach U.S. consumers, following Novo Nordisk’s Wegovy tablet approved in December. Orforglipron works by mimicking a natural hormone that regulates appetite and satiety, offering a non‑injectable alternative to existing GLP‑1 injectables. David A. Ricks, Eli Lilly’s chair and CEO, highlighted that fewer than one in ten eligible patients are currently using GLP‑1 therapies, citing barriers such as cost, stigma, and perceived complexity. Unlike Wegovy, which must be taken on an empty stomach each morning, Foundayo can be taken anytime of day regardless of meals, simplifying dosing schedules. Patients will start on a low dose that is gradually increased to mitigate side‑effects. Pricing is projected at $149 per month for the initial dose, with higher‑strength formulations potentially reaching $349 monthly. While private‑insurance coverage remains uncertain, a Trump‑administration proposal could allow Medicare to cover certain patients as early as this summer, with copayments as low as $50 per month. Distribution will commence on Monday through LillyDirect’s direct‑to‑consumer channel, with broader availability in pharmacies and telehealth platforms expected shortly thereafter. The convenience of a once‑daily pill is anticipated to improve adherence, especially for individuals who avoid injectables due to needle aversion or rigid dosing requirements. The approval follows a fast‑track submission submitted only months ago, positioning Foundayo to enter the market roughly three months after Wegovy. This rapid rollout is set to intensify competition in the burgeoning GLP‑1 space, where new agents are continually emerging with claims of better efficacy and lower costs.
#fda #orforglipron #foundayo
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Technology Apr 01, 2026

Why Blaming AI for the Iran School Bombing Obscures Human Responsibility

The article argues that attributing the Iran school bombing to an "AI error" masks the human decisi…
Recent commentary on the Iran school bombing rightly challenges the knee‑jerk tendency to blame artificial intelligence for the tragedy. The deeper issue, however, lies in the emerging linguistic habit of labeling incidents as "AI errors," which subtly removes the human actors from the narrative.When responsibility is shifted from people to systems, moral accountability becomes vague. Human designers, authorisers and operators remain the decision‑makers, even if the technology automates the final act. Concealing this fact is not a technical flaw; it is a civic failure that hampers accountability.Beyond accelerating warfare, AI is fostering a subtler shift: using automation as an alibi. If public discourse cannot pinpoint who acted, the public cannot hold anyone to account.Critics also note that the language used to describe rogue AI agents—terms like “connived,” “lied,” or “cheated”—anthropomorphises machines and further obscures responsibility. As Dr. Felicity Mellor of Imperial College London observes, such phrasing assigns moral agency to large language models instead of the people who deploy them.Consider a hypothetical where a company releases high‑speed vehicles without functional brakes. We would not say the cars "connived" to cause accidents; we would blame the company’s reckless leadership. Similarly, if uncontrolled AI ever harms civilians, we must be able to hold technology firms and the governments that endorse them accountable, which requires clear attribution of moral agency in our language.Anthony LawtonMarket Harborough, LeicestershireDr. Felicity MellorDirector, Science Communication Unit, Imperial College London
#language #say #human
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Tech Apr 01, 2026

Baidu’s Apollo Go Robotaxis Halt in Wuhan After System Glitch, Leaving Passengers Stranded

Police in Wuhan confirmed that a system malfunction forced multiple Baidu‑operated Apollo Go robota…
Police in Wuhan reported a sudden "system malfunction" that immobilised several autonomous robotaxis operated by Baidu’s Apollo Go service, leaving passengers stuck on an elevated highway for up to an hour and a half.Local authorities said they received a flood of calls on Tuesday night from riders whose vehicles froze in the middle of the road. A police statement confirmed that “multiple Apollo Go cars stopped in the middle of the road, unable to move,” and preliminary investigations point to a technical failure.Baidu maintains a fleet of more than 500 driverless cars in Wuhan, though the exact number affected was not disclosed. One commuter shared a 90‑minute ordeal on the Chinese platform RedNote, describing how the vehicle stalled at 9 p.m. on an overpass, surrounded by dump trucks, while customer‑service lines remained unanswered.The rider eventually was rescued after the order was cancelled at 10:30 p.m., but criticized Apollo Go’s support team for offering “useless platitudes” instead of concrete solutions. Social‑media users also posted videos captioned “Apollo Go, are you paralysed?” showing futile attempts to contact the company via the in‑car tablet.This is not Baidu’s first controversy. In December, authorities in Zhuzhou halted robotaxi operations after a Baidu‑manufactured autonomous vehicle struck two pedestrians, sending them to intensive care.Despite these setbacks, Baidu’s autonomous‑mobility arm continues to grow. Company filings reveal that Apollo Go delivered 3.4 million driverless rides in the fourth quarter of 2025, a jump of over 200 % compared with the same period in 2024. The firm is also pursuing international expansion, having announced partnership deals with rideshare giants Lyft and Uber to deploy its vehicles on their platforms.When approached for comment, Baidu did not respond, according to Reuters.Additional reporting by Yu‑chen Li
#Baidu #Apollo Go #Wuhan
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World Economy Apr 01, 2026

SpaceX Files Confidential IPO Targeting $1.75 Trillion Valuation Amid AI Rivalry

SpaceX has submitted a confidential registration statement for a U.S. initial public offering that …
According to reports from Bloomberg and the Wall Street Journal, SpaceX has quietly lodged a confidential registration statement with the U.S. Securities and Exchange Commission, signaling its intention to go public. The filing could set a valuation ceiling of $1.75 trillion, positioning the offering among the most valuable ever attempted. Regulators will now review the disclosed financials before the prospectus becomes public. Analysts anticipate that the IPO could be priced as early as June 2026, a timing that aligns with what industry observers describe as a “banner year” for mega‑cap listings. The move also coincides with rival AI firms—OpenAI, which recently closed a $122 billion funding round, and Anthropic—preparing their own public debuts. SpaceX’s parent, Elon Musk, already the world’s wealthiest individual, stands to increase his net worth further, potentially edging toward the elusive trillion‑dollar milestone. The public offering would also provide a clearer picture of a company that has become the cornerstone of both commercial spaceflight and satellite broadband. Beyond rockets, SpaceX’s Starlink satellite network now accounts for more than half of the firm’s revenue, according to Reuters. The service not only fuels the company’s earnings but also extends Musk’s geopolitical influence, with customers ranging from the Ukrainian military to remote communities worldwide. In February, SpaceX completed the acquisition of Musk’s artificial‑intelligence venture xAI, a deal that valued the AI unit at roughly $250 billion. The purchase is tied to plans for solar‑powered data centers in orbit, intended to meet the soaring compute and energy demands of the AI boom. The company’s financial details remain tightly guarded, and a full disclosure is expected only after the SEC clears the filing. International banks, including the UK‑based Barclays, have been tapped to manage the offering, underscoring the global scale of the transaction. SpaceX’s deepening ties with the U.S. government—spanning defense contracts and the majority of NASA’s launch schedule—further cement its strategic importance. As the firm pivots toward orbital data centers and supports NASA’s upcoming lunar missions, the traditional narrative of colonising Mars has taken a back seat.
#spacex #ipo #valuation
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Lifestyle Apr 01, 2026

March 2026 Book Roundup: Authors and Readers Reveal Their Must‑Read Picks

Guardian contributors and readers share a curated list of books they enjoyed in March 2026, ranging…
The Guardian’s March reading roundup gathers a diverse set of recommendations from both its writers and its readership, offering a snapshot of the titles that captured their attention over the past month.John Lanchester highlights two recent British novels that resonated with him after completing his own manuscript: Drayton and Mackenzie by Alexander Starritt, a story of friendship intertwined with business, and The New Life by Tom Crewe, which explores gay life in the 1890s. His European picks include Eurotrash by Christian Kracht, a darkly comic road‑trip tale, Perfection by Vincenzo Latronico, a critique of the digital‑nomad lifestyle, and Olga Tokarczuk’s genre‑defying Drive Your Plow Over the Bones of the Dead. Lanchester also notes his own recent release, Look What You Made Me Do, available from Faber for £20 via the Guardian bookshop.James, a regular Guardian reader, is immersed in Tom’s Crossing by Mark Danielewski. He describes the 1,200‑page modern western as a masterclass in character depth and meticulous detail, urging readers not to be deterred by its length.Patmeena Sabit turns to shorter forms when time is scarce, recommending Hue and Cry by James Alan McPherson for its understated humanity, Fifty‑Two Stories (a new Chekhov collection translated by Richard Pevear and Larissa Volokhonsky) for its blend of classics and previously untranslated pieces, and Ada Limón’s poetry collection Bright Dead Things for its poignant beauty. Sabit also promotes her own work, Good People, published by Virago at £16.99.David praises Zbig: The Life of Zbigniew Brzezinski, America’s Cold War Prophet by Edward Luce, calling it a dense yet illuminating autobiography that traces U.S. and global power dynamics from the 1960s to the early Trump era, and recommending a piecemeal reading approach.Arash finds profound resonance in Mother Mary Comes to Me by Arundhati Roy. He describes the memoir as an emotionally powerful tribute to Roy’s mother, noting its refusal to fall into gendered clichés while championing compassion and resistance against chauvinism.
#The Guardian #Penguin Random House #HarperCollins
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World Economy Apr 01, 2026

Bernie Sanders Proposes 5% Wealth Tax on U.S. Billionaires to Fund Health, Housing and Education

Senator Bernie Sanders urges a 5% wealth tax on the nation’s 938 billionaires, arguing it would rai…
America faces an unprecedented concentration of wealth: the richest 1% now control more assets than the bottom 93% of households, and a single individual, Elon Musk, with a net worth of $805 billion, holds more wealth than the lower‑half of the population combined.Recent tax policies have amplified this gap. In the year following the largest tax cut in U.S. history, 938 billionaires added $1.5 trillion to their fortunes, while President Trump and his family saw a modest increase of $4 billion. Four Wall Street giants—BlackRock, Vanguard, Fidelity and State Street—own stakes in more than 95 % of publicly traded companies, cementing corporate dominance across the economy.Political influence mirrors financial power: by the 2026 midterms, just 50 billionaires had poured over $433 million into campaign activities, shaping policy to protect their interests.Meanwhile, the average American worker is earning roughly $20 per week less than in 1973 after inflation adjustment, despite decades of productivity gains. The Rand Corporation estimates that $79 trillion has shifted from the bottom 90 % to the top 1 % over the past half‑century.Economic hardship is widespread: 60 % of households live paycheck to paycheck, nearly half of older workers lack retirement savings, and over 20 % of seniors survive on less than $15,000 annually. Health‑care insecurity affects 85 million Americans, with more than 500,000 filing for bankruptcy each year due to medical debt.At the heart of the problem is a tax code engineered by the affluent. Billionaires now pay lower effective rates than typical workers. For example, Musk’s tax rate sits below 3.3 % compared with an 8.4 % rate for a truck driver; Jeff Bezos paid under 1 % versus 8.7 % for a firefighter; Michael Bloomberg’s rate was 1.3 % against 13.3 % for a registered nurse; and Warren Buffett’s rate was a mere 0.1 % while a schoolteacher paid nearly 10 %.Corporate tax avoidance compounds the issue. After a $900 billion corporate tax break, major firms such as Tesla, SpaceX, Palantir, Ticketmaster and the parent of Taco Bell, Pizza Hut and KFC reported zero federal income tax despite generating over $17 billion in profit.Public sentiment is shifting. In California, voters favor a billionaire tax by a two‑to‑one margin, and in New York City, 62 % back a 2 % surtax on the ultra‑wealthy. Nationwide, more than six in ten Americans believe the wealthy and large corporations pay too little.In response, Senator Sanders introduced legislation to impose a 5 % wealth tax on the 938 billionaires whose combined net worth exceeds $8.2 trillion. Over a decade, the measure would generate roughly $4.4 trillion.The first‑year rollout would deliver a $3,000 direct payment to every household earning $150,000 or less—equating to $12,000 for a typical family of four. Additional provisions include constructing 7 million affordable housing units, expanding Medicare to cover dental, vision and hearing, providing universal childcare, raising the minimum teacher salary to $60,000, and guaranteeing Medicaid‑funded home health care for seniors and people with disabilities.Crucially, the plan would reverse recent health‑care cuts that stripped coverage from 15 million Americans, ensuring no additional loss of insurance.Even if the tax were applied retroactively, the impact on the ultra‑rich would be modest relative to their fortunes: Elon Musk would owe an extra $42 billion, Mark Zuckerberg an additional $11 billion, and Jeff Bezos another $11 billion—figures that would barely dent their net worths.As Justice Louis Brandeis warned in 1933, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Senator Sanders argues the choice is clear: a democratic economy that serves the many, not a plutocratic system that serves the 1 %.The wealthiest Americans must begin contributing their fair share.
#tax #than #more
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World Economy Apr 01, 2026

UK Food Inflation Soars to 9% as Iran Conflict Drives Energy Price Hikes

The UK's food inflation is expected to hit 9% this year due to the Iran conflict driving up energy …
The UK's food inflation is expected to soar to 9% this year, even if the strait of Hormuz opens within the next few weeks, according to the Food and Drink Federation. This represents a significant increase from their previous forecast of 3.2% made before the Middle East conflict.The industry is facing unprecedented cost pressures due to the Iran war, which is driving up energy prices. Dr. Liliana Danila, chief economist at the FDF, stated that the current situation is unprecedented and hard to predict, and that food inflation is likely to rise in the coming months.The 9% forecast assumes that the strait of Hormuz, a key shipping channel, will reopen to cargo traffic within the next two to three weeks, and that most large energy facilities will return to normal within a year. The chancellor, Rachel Reeves, is set to meet with the bosses of the UK's biggest supermarkets to discuss the potential impact on the cost of living and possible supply squeezes.Some food companies, such as Princes, have already raised their prices in response to the cost pressures. UK farmers and producers have warned that without government help with surging energy bills, there could be shortages of domestic produce such as tomatoes, cucumbers, and peppers.The British Tomato Growers' Association is campaigning for the government to classify food producers as energy intensive users, which would help reduce their energy bills. If no support is provided, businesses may fail, according to Simon Conway, chair of the BTGA.
#energy #food #cost
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Sport Apr 01, 2026

Emma Raducanu Withdraws from Linz Open Amid Prolonged Recovery

British tennis star Emma Raducanu has pulled out of the Linz Open due to ongoing recovery from illn…
British tennis star Emma Raducanu has withdrawn from next week’s Linz Open as she continues to recover from an illness she contracted in early February. This development comes on the heels of her previous withdrawal from the Miami Open as she deals with post-viral symptoms.Raducanu, the 2021 US Open champion, has also opted out of Great Britain’s Billie Jean King Cup qualifier against Australia. Her last competitive appearance was in the third round at Indian Wells on March 8, where she suffered a 6-1, 6-1 defeat to Amanda Anisimova. Raducanu attributed her lackluster performance to a lack of power and acknowledged the need to regain her aggressive gameplay.Following her split from coach Francisco Roig in January, Raducanu has been working informally with Mark Petchey. Her next potential appearance is expected at the Madrid Open, which begins on April 21.
#she #raducanu #open
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Politics Apr 01, 2026

Tony Blair Labels UK Left an ‘Islamist Alliance’ Over Gaza, Critics Point to Poll Data and Blair’s Own Saudi Ties

Former prime minister Tony Blair accused Britain’s left‑wing parties of forming an “unholy alliance…
In a recent interview published by the Free Press, former UK prime minister Tony Blair asserted that the British left has entered an “unholy alliance” with Islamist groups, framing criticism of Israel’s Gaza operations as a new form of anti‑semitism. He further praised former President Donald Trump’s proposed plan for Gaza, describing it as “bold and intelligent.”The commentary arrives amid a sharp decline in British public support for Israel. A YouGov poll found that only 12 % of respondents back Israel’s actions in Gaza, while a clear majority favor measures such as an arms embargo, sanctions, and even the prosecution of Prime Minister Benjamin Netanyahu for alleged war crimes.Blair’s allegation that the left “casts the Jewish community as supporters of the Israeli government” is challenged by evidence of a broader shift in public sentiment. The Greens, now a leading force on the English left, oppose the Gaza offensive and reject Islamophobia, yet they are led by a Jewish gay politician and champion a socially progressive agenda that includes LGBTQ+ rights and gender equality—hardly the hallmarks of “Islamism.”Data on American Jewry is also invoked. While 71 % of Jewish Americans voted for Kamala Harris in the 2024 election, a separate poll indicated that 40 % of Jewish respondents believe Israel’s military actions amount to genocide, a figure rising to half among those under 35. These figures illustrate that criticism of Israel does not automatically equate to anti‑semitic sentiment.The piece also revisits Blair’s own controversial foreign‑policy record. His government approved extensive arms sales to Saudi Arabia and shut down investigations into those deals, while his post‑premiership institute continued to receive substantial Saudi funding even after the murder of journalist Jamal Khashoggi. Moreover, the 2003 invasion of Iraq, led by Blair, is widely regarded as having provided a recruitment boost to Islamist extremist groups.Critics argue that Blair’s narrative is a strategic attempt to deflect growing Western criticism of Israel by painting opponents as extremist sympathizers. The term “Islamo‑gauchisme,” used in France to describe similar accusations, exemplifies a broader pattern of demonising Muslim participation in democratic politics.In sum, the article contends that Blair’s claim lacks substantive evidence, overlooks prevailing public opinion, and mirrors past tactics of smearing dissenting voices. As the debate over Israel’s conduct in Gaza intensifies, the left’s opposition appears rooted in humanitarian concerns rather than any covert Islamist agenda.
#Tony Blair #UK Labour Party #Green Party
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