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Beyond

Venezuela to send 30–50 mn barrels of oil to US

In a move that could reshape global energy flows, President Donald Trump announced that Venezuela will hand over 30 to 50 million barrels of crude oil to the US. Speaking on his Truth Social platform, Trump said the oil would be sold at market prices, and the proceeds would be under US control, a step he described as benefiting both Americans and Venezuelans.

The transfer comes after recent political turmoil in Caracas, including a US operation that led to the capture of Venezuelan President Nicolás Maduro. The announcement marks a rare moment of direct cooperation with Venezuela’s interim authorities, who confirmed the handover but criticized foreign involvement, insisting their sovereignty must be respected.

Trump directed Energy Secretary Chris Wright to begin the process immediately. The plan is to move oil from Venezuelan storage ships directly to US ports, ensuring a smooth flow of high-quality crude. Experts say this injection of oil into the US supply chain could slightly ease prices at a time when energy markets remain volatile. At current rates, the transferred oil could be valued at around $2.8 billion, though final figures will depend on market conditions.

Beyond the numbers, the deal carries broader geopolitical implications. Analysts note that oil previously headed to other countries, including China, may now be redirected to the US, signaling a potential shift in global energy alliances. Trump framed the move as part of a strategy to stabilize markets and assert US influence in Venezuela’s energy sector.

As the first shipments prepare to leave Venezuelan ports, both nations are watching closely, aware that this deal could set the tone for future energy, trade, and diplomatic relations in the region.

It reflects a rare moment where political maneuvering and energy policy intersect in a tangible way, promising both economic impact and a test of how international agreements are executed in a tense, rapidly changing landscape.

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Corporate

Novo Nordisk introduces cheaper Wegovy pill In US

Novo Nordisk has introduced the first oral version of its weight‑loss drug Wegovy in the United States, starting January 5, 2026, offering patients a convenient alternative to injectable treatments. The launch comes at a time of rising demand for obesity therapies and is priced significantly lower than existing injectables, triggering a price war in the U.S. market.

The oral pill is available in 1.5 mg and 4 mg doses at $149 per month, with insurance coverage potentially reducing out-of-pocket costs to $25 monthly. Higher doses, including 9 mg and 25 mg, are priced at $299 per month, while the 4 mg dose will increase to $199 in April. This pricing undercuts both Novo Nordisk’s own injectable Wegovy, which can cost over $1,000 per month, and rival products from Eli Lilly, including the injectable Zepbound and the oral candidate orforglipron, expected at roughly $346 per month.

Clinical trials indicate that patients taking the oral Wegovy experienced an average 17% reduction in body weight over 64 weeks, similar to results achieved with injectables. Novo Nordisk hopes the oral form will appeal to patients reluctant to use injections while expanding its share of the growing U.S. obesity treatment market.

The launch boosted Novo Nordisk’s shares, reflecting investor confidence that the lower-cost pill could strengthen the company’s market position. Analysts expect the new option to prompt further price competition and improve patient access, potentially reshaping the landscape of obesity drug pricing in the United States.

With this launch, Novo Nordisk is set to redefine the U.S. weight-loss drug market, offering a more convenient and affordable option to patients and intensifying competition in a sector increasingly focused on accessibility, effectiveness, and affordability.

Regulatory reviews in other countries, including the United Kingdom, are underway, and the pill may become available internationally later in 2026. Experts note that the oral Wegovy could accelerate the adoption of GLP-1 treatments, making effective obesity therapies more widely accessible while encouraging innovation among pharmaceutical competitors.

Also Read: Trump team to meet oil firms on Venezuela plans

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Beyond

Trump flags tariff risk over India’s Russian oil imports

US President Donald Trump has warned India that continuing to import oil from Russia could prompt the United States to raise tariffs on Indian goods. Speaking to reporters on Air Force One, Trump said the US could act “very quickly” if New Delhi does not address Washington’s concerns, signaling potential economic implications for bilateral trade.

Trump also praised Prime Minister Narendra Modi, calling him “a very good man” who had “tried to make me happy” regarding India’s Russian oil purchases. Despite the compliment, he stressed that the tariff threat remains a real possibility if India does not align more closely with US policy.

For businesses, the warning could affect Indian exporters, particularly in sectors sensitive to US tariffs. Any increase could raise costs and disrupt trade flows, potentially impacting markets that rely heavily on Indian products. Analysts note that industries such as textiles, pharmaceuticals, and IT services could face heightened risks if tariffs are applied.

The US‑India trade tension comes amid India’s reliance on Russian crude, purchased at discounted rates due to Western sanctions on Russia. While this helps Indian refiners manage energy costs, it has drawn criticism from the US, which sees these imports as undermining its geopolitical strategy. India maintains that its energy decisions are market-driven and focused on domestic energy security.

To address concerns, India has instructed refiners to submit weekly data on oil imports, aiming to maintain transparency and support ongoing trade negotiations. Experts say that how India balances energy needs with trade relations will be closely watched by investors and global markets.

Trump’s warning underscores the complex interplay between geopolitics and business. Companies in India and abroad are monitoring developments closely, as any tariff escalation could have ripple effects on trade, supply chains, and economic growth.

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Beyond

US bans new foreign drone imports

The US Federal Communications Commission (FCC) has barred imports and sales of new foreign‑made drones and critical components, including models from China’s DJI and Autel Robotics, citing national security concerns. The FCC added all foreign drones and related parts to its national security “Covered List,” preventing future models from receiving the authorizations required for sale in the US.

Officials said the move targets potential risks from foreign drones, including unauthorized surveillance and data breaches. The ban follows a 2024 defence review of foreign drone technology, conducted by a White House interagency task force. Certain drones or components could still be cleared if they are deemed safe by the Department of Defense or the Department of Homeland Security.

Drones already approved in the US are not affected. Current owners and agencies can continue using their equipment, and retailers may sell models that received prior authorization.

DJI, a global market leader, expressed disappointment and criticized the decision as lacking transparency. The company said that existing products will continue to operate and reaffirmed its support for a competitive market. Autel and other affected manufacturers have also questioned the security rationale behind the ban.

China condemned the ban, calling it discriminatory and urging US authorities to reverse the decision. The Chinese government described the measure as unfair to foreign businesses.

Industry groups, including the Association for Uncrewed Vehicle Systems International, welcomed the move as a step toward reducing dependence on foreign technology and strengthening domestic drone production. However, US commercial operators warned that the ban could disrupt businesses that rely on advanced foreign drones, highlighting the gap in domestic alternatives.

The FCC said the measure aligns with broader US efforts to safeguard technology and national security ahead of major international events, including the 2026 FIFA World Cup and the 2028 Olympics, when drone use is expected to rise.

The ban marks a significant shift in US drone policy. It signals stricter oversight of foreign technology while promoting domestic innovation in unmanned aerial systems.

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Beyond

US changes H‑1B rules, prioritises top-paid talent

The US government is overhauling the H‑1B visa programme, replacing the decades-old lottery with a wage- and skill-based selection system. The change, effective February 27, 2026, is aimed at prioritising highly skilled and higher-paid foreign workers while reducing reliance on lower-wage hiring.

Under the new model, the annual 65,000 visa cap, and 20,000 for holders of US advanced degrees, remains, but applications will no longer be randomly selected. Employers offering higher salaries and advanced skills will have better odds, while lower-paid positions will face reduced chances of approval.

Officials say the move is designed to protect domestic wages and prevent misuse of the lottery system, which some companies exploited to fill entry-level roles cheaply. The reform comes alongside higher H‑1B filing fees and stricter enforcement in other visa categories.

Business groups have voiced concerns that the changes could limit access to critical foreign talent, particularly in tech, healthcare, and engineering sectors. Advocates, however, argue that prioritising high-skill, high-pay workers aligns with the programme’s original intent and strengthens the US workforce.

The reform represents one of the most significant H‑1B policy shifts in decades, signalling a tighter focus on economic value and workforce protection.

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1 Minute-Read

Oil prices edge up after US intercepts Venezuelan tanker

Oil prices rose on Monday following the US interception of an oil tanker near Venezuela over the weekend, raising fears of potential supply disruptions.

Brent crude climbed about 0.7–0.9 percent to roughly $61 per barrel, while West Texas Intermediate also gained. The US Coast Guard is reportedly pursuing another tanker, reflecting increased enforcement of sanctions on Venezuelan oil. Analysts said geopolitical tensions, including these actions and broader global uncertainties, outweighed oversupply concerns, supporting the market.

Traders remain cautious as Washington maintains a firm stance on Venezuela’s energy exports.

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Beyond

US chases third Venezuelan oil tanker

The US Coast Guard is actively pursuing an oil tanker in international waters near Venezuela, marking the third such interception attempt in less than two weeks, officials said. The vessel,  identified by maritime trackers as the Bella 1,  is part of what Washington calls Venezuela’s “dark fleet” of ships accused of helping the South American nation evade sanctions. The tanker is reportedly flying a false flag and is under a US judicial seizure order, though it had not been boarded at the time of reporting.

The pursuit follows recent seizures of other tankers believed to be involved in transporting Venezuelan crude in defiance of sanctions. On December 10, the Coast Guard seized the large tanker Skipper, sanctioned for its alleged involvement in sanctions‑evasion networks. A second vessel, the Centuries, was intercepted and boarded by US forces just days ago.

These operations form part of a blockade ordered by the US president on all sanctioned oil tankers entering or leaving Venezuelan waters. The administration has positioned the crackdown as an effort to enforce sanctions on the Venezuelan government and cut off revenue it claims supports illicit activities, including narcotics trafficking and terrorism.

Officials argue that targeting these tankers is necessary to prevent sanctions evasion and deny revenue to Venezuelan President Nicolás Maduro’s government. They also assert that the actions are unlikely to significantly affect domestic oil prices, though global crude benchmarks rose modestly in early Asian trading amid the tensions.

The intensified maritime operations are occurring alongside a broader military presence in the Caribbean, including air and naval assets deployed under what officials describe as efforts against drug trafficking and sanctions runners. Critics,  including some lawmakers and international commentators, warn that the blockade and interceptions could increase geopolitical risks and strain diplomatic relations.

Venezuela’s government has condemned these actions as illegal and tantamount to piracy, promising to challenge the moves through international bodies such as the United Nations. Maduro has reiterated that Venezuela will continue its oil trade in the face of pressure.

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Beyond

42 US states warn tech giants on unsafe AI chatbots

Forty-two US state attorneys general have raised a serious concern with regard to the world’s most widely used AI chatbots are sometimes giving people wrong, confusing, or even harmful answers. They have written a joint letter to major companies including Microsoft, Google, Apple, Meta and OpenAI, warning them to fix these problems quickly.

The attorneys general said they are especially worried about how these chatbots talk to people who are sad, stressed or struggling with mental health issues. In several reported cases, when users expressed fear, confusion or emotional distress, the chatbot’s answers made things worse. Instead of correcting false beliefs or offering safe guidance, some systems encouraged the user’s harmful thoughts. In their letter, the officials described these responses as “delusional” or “sycophantic”,  meaning the AI simply agrees with a user, even when the user is clearly wrong or unsafe.

The states said this behaviour is dangerous and may even break consumer protection laws. They pointed out that millions of people now rely on AI tools for advice sometimes more than they rely on friends, family or professionals. This puts a big responsibility on tech companies to ensure their products do not cause harm.

The group has asked the companies to take several important steps. First, they want stronger safety systems that stop chatbots from giving harmful or misleading answers. Second, they want independent experts to test these AI models and openly share the results. Third, they want clear warnings for users so people know the limitations of AI and understand that chatbots can make mistakes.

The attorneys general have given the companies until mid-January 2026 to explain what actions they will take. They also said they will not hesitate to act if companies fail to protect users.

This joint warning shows how quickly AI has become part of everyday life and how concerned governments are about its risks. While AI can be helpful, state leaders say it must be safe, trustworthy and designed to protect people, especially children and those who are emotionally vulnerable.

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1 Minute-Read

H-1B applicants face expanded US social media scrutiny

The United States has announced stricter vetting for all H-1B and H-4 visa applicants from December 15.

Under the new rules, applicants must keep their social-media profiles public. Consular officers will review online activity, work history, and any involvement in content moderation, misinformation tracking, or roles that may be seen as restricting protected speech.

Anyone found to have “censored or attempted to censor” expression in the US could be denied a visa. The changes are expected to affect many Indian tech workers, especially those in digital safety or moderation roles, and may lead to delays or higher rejections.

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Beyond

Trump orders green card check for 19 countries

The US government has ordered a nationwide review of all green cards held by immigrants from 19 countries after a shooting near the White House left one National Guard member dead and another critically injured.

The accused shooter, Afghan national Rahmanullah Lakanwal, came to the US under the 2021 evacuation program. Former President Donald Trump directed a “full-scale, rigorous re-examination” of permanent residency permits for immigrants from Afghanistan, Burma (Myanmar), Burundi, Chad, Republic of the Congo, Cuba, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Venezuela, and Yemen.

US Citizenship and Immigration Services (USCIS) will oversee the review, which will cover current green card holders, as well as pending and new applications from these countries, effective November 27, 2025. Officials said the applicant’s country of origin will now be a key factor in eligibility, citing national security concerns.

Supporters say the move is necessary to protect US citizens, while critics argue it unfairly targets immigrants based solely on nationality.

The review reflects a stricter, security-focused approach to immigration, shifting away from broad humanitarian resettlement programs. Thousands of residents from the 19 countries may face renewed scrutiny, and applicants seeking residency or asylum could encounter stricter requirements and longer processing times.

Authorities maintain the review aims to balance safety with fairness, but the decision has sparked debates over civil liberties and the treatment of immigrants from the targeted nations.

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