Communications Device Found on Chinese Cranes at U.S. Ports

Congressional Investigation Raises Concerns about Chinese-Built Cargo Cranes at US Ports #

A congressional investigation into Chinese-built cargo cranes deployed in US ports has found communication equipment, including cellular modems, that does not support normal operations. The discovery has increased concerns in Washington regarding port security and China. US intelligence agencies have expressed alarm over the potential threat of disruption and espionage posed by the cranes, which are manufactured by zpmc. While it is common for cranes to have modems for remote monitoring, it appears that some ports using zpmc equipment had not requested this capability.

European Central Bank Maintains Key Interest Rate #

The European Central Bank (ECB) has decided to keep its key interest rate at a record high as policymakers require more time to assess whether inflation has been sufficiently tamed to justify a rate cut. The decision aligns with the US Federal Reserve, whose officials have recently indicated that future rate decisions would depend on sustained movement of inflation towards the 2% target.

Novo Nordisk’s Obesity Drug Shows Promise in Early Trials #

Pharmaceutical company Novo Nordisk’s shares reached a record high after presenting promising early data for a new obesity drug at an investor conference. Results from a phase one trial showed that the drug led to approximately 13% weight loss after 12 weeks, surpassing the weight loss seen in trials of Novo Nordisk’s existing obesity treatment.