Overview

Washington Post publisher Will Lewis has announced his resignation following a period of significant layoffs that impacted one-third of the newspaper's staff, including 300 journalists. His tenure was marked by controversies, including ethical concerns and strained relations with staff. CFO Jeff D'Onofrio has been appointed as the interim publisher, while the union representing staff calls for further action to secure the newspaper's future.

Telehealth company Hims & Hers has decided to stop offering a compounded version of Novo Nordisk's weight-loss pill, Wegovy, following FDA warnings and potential legal action from Novo. The FDA cited safety, quality, and efficacy concerns over compounded drugs, which bypass clinical trials. Hims originally planned to sell the drug at a significantly reduced price to compete in the booming weight-loss drug market.

U.S. President Donald Trump has urged major oil companies to invest $100 billion in reviving Venezuela's deteriorated oil industry during a White House meeting. While some firms expressed interest, many executives, including Exxon Mobil CEO Darren Woods, labeled the nation as "uninvestable" due to past asset seizures and unstable conditions. Trump assured security guarantees and highlighted Venezuela's vast oil reserves, but companies remain hesitant without significant legal and operational changes.

General Motors (GM) announced a $7.1 billion charge in Q4 2025 due to restructuring in China and a pullback in EV investments amid weakening demand. The charges include $6 billion from EV-related impairments and $1.1 billion for joint venture restructuring in China. Despite this, GM remains committed to EVs but plans to lower production costs and adapt its strategy to evolving market conditions.