Business

• Eli Lilly's next-generation obesity drug delivers strong weight loss, reduces knee pain in late-stage trial   - The drugmaker is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection Zepbound and its upcoming pill. 
• Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom - South Korea's SK Hynix is considering a U.S. listing as it grows in market cap and production capacity.
• Oracle's stock slides 7% on revenue miss even as AI backlog soars - Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
• Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
• Rivian turns to AI, autonomy to woo investors as EV sales stall - Rivian is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of electric vehicles.
• Comcast president outlines unsuccessful WBD offer and future of NBC's Peacock - Comcast made multiple offers for Warner Bros. Discovery's streaming and studio assets before Netflix was deemed the winning bidder.
• From the California gold rush to Sydney Sweeney: How denim became the most enduring garment in American fashion - The American blue jean was created in 1873 by tailor Jacob Davis, who patented the design with Levi Strauss, founder of the eponymous denim retailer
• Trump administration waives $11 million fine for Southwest Airlines' 2022 holiday meltdown - The Trump administration said it will forgive the last $11 million of a fine against Southwest Airlines that stems from the carrier's 2022 holiday meltdown.
• 'Terrifying': Why U.S. senator in top intel post wants more spying on Chinese companies - Chinese biotech BGI will pass Huawei in scale and threat, says Sen. Mark Warner. 'It's terrifying,' he said at CNBC event, pushing for more corporate spying.
• The regulatory path ahead for a Netflix and Warner Bros. deal could get dicey - Regulatory questions are already rising about Netflix's deal to combine its business with WBD's streaming service HBO Max and film studio Warner Bros.