Business & Finance Summary

The U.S. government now controls approximately 3.7 million barrels of Venezuelan crude oil from two seized oil tankers, as President Trump stated, 'We're gonna keep it.' This control of Venezuelan oil comes amidst ongoing geopolitical tensions affecting global oil markets.

In other news, the FDA has approved a new daily pill version of Novo Nordisk's weight-loss drug Wegovy, which is set to be available early next year. This approval is expected to impact the pharmaceutical market significantly.

Meanwhile, the Bank of Korea has raised concerns about increased financial vulnerabilities due to rising home prices and currency volatility, even as the economy shows signs of recovery. Additionally, in the tech sector, the FCC has banned new foreign-made drones over national security risks, primarily impacting DJI.

On the investment front, Jim Cramer of CNBC has expressed optimism for increased mergers and acquisitions in 2026 as a driving force for the market.