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Astra Obesity Pill Delivers Enough Weight Loss to Be ‘Credible’

AstraZeneca Plc’s obesity pill helped patients lose as much as 11.8% of their body weight in a study that puts it roughly on track to compete with existing products. The UK drugmaker is now combining the drug with other treatments to stand out in an increasingly crowded market.

By Ashleigh Furlong and Madison Muller

Satellite Startup Iceye Valuation Tops €10 Billion on New Funds

Iceye Oy quadrupled its valuation to more than €10 billion ($11.5 billion) in a General Atlantic-led funding round that will help the Finnish satellite-intelligence company expand to meet demand for sovereign technology systems.

BlackRock to Offer Space ETF That Will Add New IPOs Within Days

BlackRock Inc. is launching a new space ETF for European investors that will add newly listed companies within 10 to 30 days.

Elon Musk Shows Detailed Design of AI Data Center Satellite

Elon Musk unveiled a more detailed look at an initial version of an AI data center satellite SpaceX plans to build, providing fresh insight into the ambitious project driving the company’s highly anticipated initial public offering.

SpaceX IPO Is Well Oversubscribed With $10 Billion Orders

SpaceX’s initial public offering is well oversubscribed with multiple institutional investors placing orders for about $10 billion or more of shares, according to people familiar with the matter, as demand builds for a potentially record-setting debut.

NY Knicks Success a Win for Lenders Who Propped Up Broadcaster

Just a year before the New York Knicks rode a double-digit winning streak to the NBA Finals, the company that broadcasts its games was thrown a lifeline to avoid a potential bankruptcy filing. Now, the lenders who backed that restructuring are likely cheering on the team’s success.