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US personal spending rose 0.4% month-on-month in December, in line with expectations, while the previous figure was revised from 0.50% to 0.50%.Novo Nordisk (NVO.N) announced that it will nominate pharmaceutical industry veterans Jan van de Winkel and Ramona Sequeira to its board of directors, marking the first personnel change for the Danish obesity drug maker since its restructuring last year.The preliminary readings of the US fourth-quarter real personal consumption expenditures quarter-on-quarter rate, real GDP and core PCE price index annualized quarter-on-quarter rate, as well as the December personal expenditures month-on-month rate, core PCE price index month-on-month rate and year-on-year rate, will be released in ten minutes.On February 20, Iranian Foreign Minister Araqchi stated that Iran has decided to draft a possible agreement for discussion at the next round of negotiations and to begin discussions on the text. "This is the path we are currently facing, and I believe it is a normal procedure in any international negotiation, which we agree to follow," Araqchi noted. He added that the draft agreement will be sent to the United States after approval from higher authorities. "We will finalize the draft agreement within the next three days."German Chancellor Merz: Promising everyone to work four days a week will not increase productivity. We can and must become more flexible. We must reward those who are willing to put in the effort. We must facilitate the return to work.

Bitcoin Falls 7.2% to $28,758

Skylar Shaw

May 12, 2022 09:58

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At 22:05 GMT on Wednesday, bitcoin was down 7.23 percent to $28,758.29, a loss of $2,241.68 from its previous closing.


Bitcoin, the world's most popular cryptocurrency, is down 40.4 percent from its all-time high of $48,234 on March 28.


On Wednesday, the cryptocurrency tied to the Ethereum blockchain network, fell 11.56 percent to $2,071.46, a loss of $270.66 from its previous closing.