What Trump's win means, stronger Ozempic, and cars to avoid: The week's most popular stories

Quartz Staff

9 November 2024 at 5:00 am·5-min read

Graphic: Images: Win McNamee, NurPhoto / Contributor, Krongkaew, Sean Gallup

What Donald Trump’s election win means for stocks, the economy, and trade

President-Elect Donald Trump speaks during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. - Photo: Win McNamee (Getty Images)

With former President Donald Trump’s election victory, the United States is preparing for a new administration and a new approach to the world.

Image: NurPhoto / Contributor (Getty Images)

Novo Nordisk (NVO) teased some new details about a potential Ozempic successor during a call with investors Tuesday.

The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism.

Car shopping means sorting through endless choices, reviews, and specs. But not all best-sellers earn their popularity – something Consumer Reports discovered in their latest testing of 2024 models.

Tesla CEO Elon Musk and Amazon founder Jeff Bezos added billions to their wealth after Former President Donald Trump won the 2024 presidential election. - Photo: Brendan Smialowski, Mandel Ngan/AFP (Getty Images)

Donald Trump’s election victory sent the stock market skyrocketing, with key indexes surging on Wednesday. As a result, some of the wealthiest people on Earth found themselves billions of dollars richer.

Former and now President-elect Donald Trump has once again won the White House, becoming the first person since Grover Cleveland to win two non-consecutive presidential terms.

Pills are displayed with open pill bottles on top of a white counter top in the kitchen. - Image: timnewman (Getty Images)

Viking Therapeutics (VKTX) released new clinical trial data on Sunday for its experimental weight-loss drugs, which include a highly anticipated oral pill.

A major Boeing (BA) supplier is worried it won’t be able to continue as a business for much longer. Fuselage builder Spirit AeroSystems (SPR) worries it won’t have enough cash to continue operations.

A second Donald Trump presidency could be a boon for big banks, according to Wells Fargo (WFC) analyst Mike Mayo.

An Ozempic (semaglutide) injection pen is seen on a kitchen table in Riga, Latvia on 06 August, 2023. - Image: NurPhoto / Contributor (Getty Images)

The Denmark-based drug maker Zealand Pharma said Tuesday that its experimental weight-loss drug could help patients lose pounds with fewer side effects than current anti-obesity medications on the market.

A Starbucks at Miami International Airport. - Image: Jeffrey Greenberg/Universal Images Group (Getty Images)

When Brian Niccol took over as CEO of Starbucks (SBUX) in September, he wasted no time in identifying one key problem: Getting coffee.

President-elect Donald Trump and Melania Trump at an election night watch party at the Palm Beach Convention Center on Nov. 6, 2024, in West Palm Beach, Florida. - Photo: Evan Vucci (AP)

A majority of Big Tech stocks were on the rise Wednesday after former President Donald Trump won his reelection bid against Democratic nominee Kamala Harris.

Bitcoin surged to a new all-time high just above $75,000 late Tuesday night, a gain of more than 10% in 24 hours as former President Donald Trump closed in on his victory in the presidential election.

Illustration: SOPA Images (Getty Images)

Super Micro Computer Inc. (SMCI) shares plummeted more than 24% on Wednesday after the AI hardware company released a disappointing preliminary first-quarter report and failed to confirm a timeline for its actual first-quarter results. The San Jose-based company, which missed the deadline for filing its annual report, is also facing a potential Nasdaq delisting.

Elon Musk and President-elect Donald Trump at a rally last month. With his election win, Trump will be the second person in U.S. history to win non-consecutive terms as president. - Photo: Anna Moneymaker (Getty Images)

Tesla (TSLA) stock has been skyrocketing since former President Donald Trump defeated Vice President Kamala Harris to become the next president of the United States.

Photo: Pia Bayer/picture alliance (Getty Images)

Tires might all seem like the same, but there are important differences between brands, from the material they’re made of to their track and design.

For the latest news, Facebook, Twitter and Instagram.

Associated Press
Trump demands immediate release of Oct. 7 hostages, says otherwise there will be 'HELL TO PAY'
President-elect Donald Trump is demanding the immediate release of Israeli hostages still being held in Gaza, saying that if they are not freed before he is sworn into office for a second term there will be “HELL TO PAY." “Please let this TRUTH serve to represent that if the hostages are not released prior to January 20, 2025, the date that I proudly assume Office as President of the United States, there will be ALL HELL TO PAY in the Middle East, and for those in charge who perpetrated these atrocities against Humanity," Trump wrote in a post on his Truth Social site. It was not immediately clear whether Trump was threatening to directly involve the U.S. military in Israel’s ongoing campaign against Hamas in Gaza.
The Independent
White House staffers angry they might not get goodbye photos with President Biden
Staffers ‘deserve at the very least a proper goodbye from the man who says he owes them everything,’ complains former official
CNN
Army general who oversaw Afghanistan withdrawal promoted to four-star officer after GOP senator drops hold
An Army general who oversaw the US withdrawal from Afghanistan was promoted to a four-star officer after a Republican senator dropped a hold on his nomination, according to a Senate aide.
Reuters
Philippines' Marcos says presence of Russian submarine 'very worrisome'
MANILA (Reuters) -President Ferdinand Marcos Jr. said on Monday the presence of a Russian attack submarine in the Philippines' exclusive economic zone (EEZ) in the South China Sea was "very worrisome". A Russian Kilo-class submarine was sighted 80 nautical miles off the western province of Occidental Mindoro on Nov. 28, Navy spokesperson Roy Vincent Trinidad said in a statement on Monday, confirming a report by the Philippine Daily Inquirer newspaper.
CNN
‘Unlimited’ enemy troops, no sleep: Ukrainian soldiers fight to hold on to Russia’s Kursk region
“I have this impression that (the Russians) have unlimited people,” said Oleksandr, a Ukrainian unit commander. “The next Russians, it seems, do not know what happened to the previous Russians. They go there, into the unknown. No one tells them anything about it, and no one comes back.”
HuffPost UK
Ex-Ukrainian Minister Issues Stark Warning To Kyiv Amid Growing Concerns Putin May Win The War
"If it continues like this, we will lose."
The Daily Beast
Pelosi Secretly Orchestrating Another Attempted Shake-Up of Dem Leadership
Months after running an internal pressure campaign that nudged President Joe Biden out of the 2024 election, former House Leader Nancy Pelosi (D-CA) is plotting another ouster within the Democratic Party. The representative for California’s 11th congressional district—who stepped down as Leader of the House Democratic Caucus last year after two decades—is targeting the top member of her party on the Judiciary Committee, Rep. Jerry Nadler (D-NY), the New York Times reported. Pelosi is among a gro
INSIDER
Seoul's $322 million gambit to save the city from crushing loneliness won't fix the source of its problems
The city authority said in October that it would be pouring 451.3 billion won, or $322 million, to combat the loneliness epidemic gripping the city.
The Daily Beast
Trump Taps Another Daughter’s Father-in-Law for Key Role
President-elect Donald Trump has opted to keep it in the family again with some of his latest administrative picks-- this time, with the senior adviser on Arab and Middle Eastern affairs. Trump has appointed Lebanon billionaire Massad Boulos to take on the role. His son, Michael, is married to Tiffany Trump, the president’s youngest daughter. “Massad is an accomplished lawyer and a highly respected leader in the business world, with extensive experience on the International scene,“ Trump wrote o
The Independent
Elon Musk trolls Joe Biden with community note after pardoning his son Hunter
Biden wrote ‘no one is above the law’ the day after Trump was convicted
Euronews
China denounces Lithuania’s expulsion of its diplomats
The Chinese foreign ministry accused Lithuania of undermining its sovereignty and warned of potential countermeasures.View on euronews
Moneywise
Rich Americans now applying for passports, foreign investment visas at record levels — where they’re going and why
They're chasing a golden ticket.
The Telegraph
How Putin’s long war is destroying the fabric of Russian society
When Timothy Ash travelled around the Soviet Union in the late 1980s, he met young veterans who had returned from the war in Afghanistan. They were psychologically broken – and drunk.
HowStuffWorks
10 Most Corrupt Countries in the World — As Far As We Know
In order to measure the most corrupt countries in the world, it's important to first understand what makes a country corrupt. According to Transparency International, a global coalition against corruption, corruption is "the abuse of entrusted power for private gain."
Reuters
Malaysia urges Chinese firms to avoid using it to dodge U.S. tariffs
Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid U.S. tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a U.S.-China trade war. Washington is expected to further curb exports to Chinese semiconductor toolmakers and sales of certain chipmaking equipment, including products manufactured in Malaysia, Singapore and Taiwan, sources have told Reuters. Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging, and is seen as well placed to grab further business in the sector as Chinese chip firms diversify overseas for assembling needs.
The Daily Beast
Pete Hegseth Faces Reporters on Capitol Hill Asking if He’s a Drunk
President-elect Donald Trump’s defense secretary nominee Pete Hegseth faced reporters on Capitol Hill Monday but refused to answer questions surrounding accusations about his drinking habits. Arriving for meetings, Hegseth, 44, was directly asked at one point, “Do you have an alcohol problem?” The former Fox News host ignored the question and continued on.
HuffPost
National Security Expert Reveals What’s So Concerning About Trump’s FBI Director Pick
David Rohde described the “fear” over Trump choosing Kash Patel to lead the agency.
The Telegraph
China sends officials to study effects of sanctions on Russia as it eyes up Taiwan invasion
China has sent officials to the Russian central bank to study the effects of Western sanctions for a better understanding of how it would be affected if it were to invade Taiwan.
AFP News
US lawmakers back Covid Chinese lab leak theory after two-year probe
US lawmakers concluded a two-year investigation Monday into the Covid-19 outbreak that killed 1.1 million Americans -- backing the theory that the virus likely leaked from a Chinese laboratory.The congressional panel was persuaded by the lab leak theory after meeting 25 times, conducting more than 30 transcribed interviews and reviewing more than one million pages of documents.
The Telegraph
Russian troops fighting behind established Ukrainian defences, MoD warns
Russian forces are attacking “behind established Ukrainian defences”, the UK Ministry of Defence has said.

What Trump's win means, stronger Ozempic, and cars to avoid: The week's most popular stories

What Donald Trump’s election win means for stocks, the economy, and trade

A new stronger Ozempic is coming. Here’s what to know

Trump’s stock market victory rally might not last long, Goldman Sachs says. Here’s why

6 popular cars you actually shouldn’t buy, according to Consumer Reports — and the 6 to buy instead

Donald Trump’s election win is already helping the world’s richest get even richer

From Jeff Bezos to Mark Cuban, how business leaders are reacting to Donald Trump’s win

A new weight loss pill outperformed Novo Nordisk’s version

A key Boeing supplier has ‘substantial doubt’ it can stay in business

Donald Trump’s election win is a ‘regulatory game changer’ for banks, Wells Fargo says

A new weight loss drug could beat Ozempic’s side effect problem

‘Sometimes you just want a brewed cup of coffee really quick,’ new Starbucks CEO says

Nvidia and Google stock rise while Meta and TSMC fall after Trump’s election win

Bitcoin soars above $75,000 to hit a new record as crypto investors celebrate Donald Trump’s win

Super Micro Computer stock bleeds 24% after it can’t even say when it will post actual earnings

Tesla stock is soaring as Elon Musk looks to benefit from Donald Trump’s victory

The 5 best tires for your car right now, according to Consumer Reports

Latest stories

Trump demands immediate release of Oct. 7 hostages, says otherwise there will be 'HELL TO PAY'

White House staffers angry they might not get goodbye photos with President Biden

Army general who oversaw Afghanistan withdrawal promoted to four-star officer after GOP senator drops hold

Philippines' Marcos says presence of Russian submarine 'very worrisome'

‘Unlimited’ enemy troops, no sleep: Ukrainian soldiers fight to hold on to Russia’s Kursk region

Ex-Ukrainian Minister Issues Stark Warning To Kyiv Amid Growing Concerns Putin May Win The War

Pelosi Secretly Orchestrating Another Attempted Shake-Up of Dem Leadership

Seoul's $322 million gambit to save the city from crushing loneliness won't fix the source of its problems

Trump Taps Another Daughter’s Father-in-Law for Key Role

Elon Musk trolls Joe Biden with community note after pardoning his son Hunter

China denounces Lithuania’s expulsion of its diplomats

Rich Americans now applying for passports, foreign investment visas at record levels — where they’re going and why

How Putin’s long war is destroying the fabric of Russian society

10 Most Corrupt Countries in the World — As Far As We Know

Malaysia urges Chinese firms to avoid using it to dodge U.S. tariffs

Pete Hegseth Faces Reporters on Capitol Hill Asking if He’s a Drunk

National Security Expert Reveals What’s So Concerning About Trump’s FBI Director Pick

China sends officials to study effects of sanctions on Russia as it eyes up Taiwan invasion

US lawmakers back Covid Chinese lab leak theory after two-year probe

Russian troops fighting behind established Ukrainian defences, MoD warns