Novo Nordisk

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Global Economy & Central Banks Just now (06:49 AM IST)

Two Indian Nationals Charged in U.S. Over Alleged Counterfeit Ozempic Smuggling From China

U.S. prosecutors in Florida have charged two Indian nationals in connection with an alleged scheme to smuggle counterfeit Ozempic into the United States from China, according to the Justice Department. The case lands amid surging American demand for GLP-1 drugs used for weight loss, intensifying pressure on regulators and law enforcement to police a fast-growing and lucrative gray market.

By RDU Global Wire5 min read

Global Economy & Central Banks6h ago

Federal Reserve Clears Peoples Bancorp's Purchase of Citizens National, Expanding Ohio Lender's Kentucky Footprint

The Federal Reserve Board has approved Peoples Bancorp Inc.'s application to merge with Citizens National Corporation and indirectly acquire Citizens Bank of Kentucky, Inc., marking a significant regional banking expansion for the Marietta, Ohio-based lender. The decision also authorizes Peoples Bank to merge with Citizens Bank of Kentucky and operate branches at the Kentucky bank's existing locations, extending Peoples' presence deeper into eastern Kentucky.

6 min readRead →

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U.S. Department of Justice(1)Two Indian nationals(1)Florida(1)China(1)