Ozempic’s next move, Southwest’s seating change, and Big Tech’s troubles: Business news roundup

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Image: Hollie Adams (Reuters), Hearst Newspapers (Getty Images), Dado Ruvic (Reuters), Hannah Beier (Reuters), Mike Blake (Reuters), Action Images (Reuters), Bloomberg (Getty Images), Photo: Dan Kitwood (Getty Images), Alan Freed (Reuters)

Image: Hollie Adams (Reuters)

It’s not only food CEOs who need to worry about their bottom lines thanks to in-demand weight loss drugs like Ozempic. Big Tobacco and Alcohol have reason to fret, too.

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Photo: Dan Kitwood (Getty Images)

Since Russia’s invasion of Ukraine in 2022, a Faraday curtain descended across European airspace from the Baltic Sea in the north to the Black Sea in the south. Over 46,000 planes have reported GPS issues while flying over the Baltic since last August. While aviation officials don’t believe Russia is purposely targeting foreign civilian aircraft, the interference still poses a safety risk. It’s been a decade since Malaysia Airlines Flight 17 was shot down over eastern Ukraine by Russian separatists.

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Southwest Airlines is based in Dallas, Texas.
Image: Hearst Newspapers (Getty Images)

Southwest Airlines is considering changing its notorious seating policy, according to chief executive officer Bob Jordan. “We’re looking at new initiatives like the way we seat and the way we board our aircrafts,” Jordan told CNBC. Jordan said the company has been “studying” its seating and cabin arrangements but no changes have been finalized just yet.

Southwest primarily follows an open-seating style, meaning passengers don’t have assigned seats ahead of getting on their flights. Instead, customers are assigned boarding groups; once onboard, they pick any open seat.

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UBS Global Research expects the EPS growth of big six stocks to decline to 16% in the first quarter of 2025, from 42% in the same period this year.
Image: Dado Ruvic (Reuters)

UBS Global Research downgraded its rating of what it calls the “Big Six” tech stocks — Apple, Amazon, Google-parent Alphabet, Meta, Microsoft and Nvidia.

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Wegovy was found to reduce the risk of serious heart events by 20%.
Image: Hannah Beier (Reuters)

Millions of Americans could now be eligible for Medicare to cover their prescriptions of the popular weight loss drug Wegovy, according to a new analysis by KFF. The highly coveted medication belongs to the same class of drug as diabetes medication Ozempic, which is also known for its weight loss side effects.

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UnitedHealth Group is the parent company of health insurer UnitedHealthcare.
Image: Mike Blake (Reuters)

UnitedHealth Group, the parent company of the largest health insurer in the U.S., confirmed this week that it paid a ransom in relation to a cyberattack on its subsidiary Change Healthcare earlier this year.

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Photo: Alan Freed (Reuters)

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