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More widespread use of powerful weight-loss drugs like Ozempic in the U.S. could boost the economy in the coming years, according to Goldman Sachs strategists. 

The bank estimates that weight-loss drugs, called GLP-1 agonists, could increase the nation’s gross domestic product by an extra 1% over the next decade, the equivalent of about $360 billion per year. 

The thinking behind Goldman’s forecast is that poor health is a burden to economic growth, largely because it limits the number of available workers and hours worked due to increased missed days at work as a result of “sickness and disability, early deaths and informal caregiving.”

In fact, Goldman said that GDP in the U.S. would potentially be more than 10% higher if poor health outcomes did not affect the labor supply.

“The main reason we see meaningful upside from healthcare innovation is that poor health imposes significant economic costs. There are several channels through which poor health weighs on economic activity that could diminish if health outcomes improve,” the analysts, led by Jan Hatzius, wrote.

Drug companies are vying to join what has largely been a two-horse race to make obesity drugs.

Novo Nordisk the maker of Ozempic and Wegovy and Eli Lilly, the producer of Mounjaro, skyrocketed in popularity last year amid runaway demand for the drugs, which are taken by A-listers including Oprah Winfrey and Tesla CEO Elon Musk.

Similar drugs could enter the market depending on clinical trials. 

The market is expected to top $100 billion by 2030, according to one estimate from JPMorgan.

Goldman projects that anywhere between 10 million to 70 million Americans will be taking weight-loss drugs by 2028.

The wide range stems from uncertainty over clinical trials, health insurance and available supply.

“If GLP-1 usage ultimately increases by this amount and results in lower obesity rates, we see scope for significant spillovers to the broader economy,” the analyst note said. “Academic studies find that obese individuals are both less likely to work and less productive when they do.”

The economy would grow by 0.4% in a scenario where there are 30 million users, and 1% if 60 million Americans were taking these types of drugs.

“Historically, health advancements have lowered the number of life years lost to disease and disability by 10% per decade in DM economies, and we estimate that a 10-year step forward in health progress in excess of current trends could raise the level of US GDP by 1%,” Hatzius said.

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Red Sox deal All-Star Devers to Giants in stunner

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Red Sox deal All-Star Devers to Giants in stunner

The San Francisco Giants acquired three-time All-Star Rafael Devers from the Boston Red Sox on Sunday in a stunning trade that sent a player Boston once considered a franchise cornerstone to a San Francisco team needing an offensive infusion.

Boston received left-handed starter Kyle Harrison, right-hander Jordan Hicks, outfield prospect James Tibbs III and Rookie League right-hander Jose Bello.

The Red Sox announced the deal Sunday evening.

The Giants will cover the remainder of Devers’ contract, which runs through 2033 and will pay him more than $250 million, sources told ESPN.

The trade ends the fractured relationship between Devers and the Red Sox that had degraded since spring training, when Devers balked at moving off third base — the position where he had spent his whole career — after the signing of free agent Alex Bregman. The Red Sox gave no forewarning to Devers, who expressed frustration before relenting and agreeing to be their designated hitter.

After a season-ending injury to first baseman Triston Casas in early May, the Red Sox asked Devers to move to first base. Devers declined, suggesting the front office “should do their jobs” and find another player after the organization told him during spring training he would be the DH for the remainder of the season. The day after Devers’ comments, Red Sox owner John Henry, president Sam Kennedy and chief baseball officer Craig Breslow flew to Kansas City, where Boston was playing, to talk with Devers.

In the weeks since, Devers’ refusal to play first led to internal tension and helped facilitate the deal, sources said.

San Francisco pounced — and added a force to an offense that ranks 15th in runs scored in Major League Baseball. Devers, 28, is hitting .272/.401/.504 with 15 home runs and 58 RBIs, tied for the third most in MLB. Over his nine-year career, Devers is hitting .279/.349/.509 with 215 home runs and 696 RBIs in 1,053 games.

Boston believed enough in Devers to give him a 10-year, $313.5 million contract extension in January 2023. He rewarded the Red Sox with a Silver Slugger Award that season and made his third All-Star team in 2024.

Whether he slots in at designated hitter or first base with San Francisco — the Giants signed Gold Glove third baseman Matt Chapman to a six-year, $151 million deal last year — is unknown. But San Francisco sought Devers more for his bat, one that immediately makes the Giants — who are fighting for National League West supremacy with the Los Angeles Dodgers — a better team.

To do so, the Giants gave a package of young talent and took on the contract that multiple teams’ models had as underwater.

Harrison, 23, is the prize of the deal, particularly for a Red Sox team replete with young hitting talent but starving for young pitching. Once considered one of the best pitching prospects in baseball, Harrison has shuttled between San Francisco and Triple-A Sacramento this season.

Harrison, who was scratched from a planned start against the Dodgers on Sunday night, has a 4.48 ERA over 182⅔ innings since debuting with the Giants in 2023. He has struck out 178, walked 62 and allowed 30 home runs. The Red Sox optioned Harrison to Triple-A Worcester after the trade was announced.

Hicks, 28, who has toggled between starter and reliever since signing with the Giants for four years and $44 million before the 2024 season, is on the injured list because of right toe inflammation. One of the hardest-throwing pitchers in baseball, Hicks has a 6.47 ERA over 48⅔ innings this season. He could join the Red Sox’s ailing bullpen, which Breslow has sought to upgrade.

Tibbs, 22, was selected by the Giants with the 13th pick in last year’s draft out of Florida State. A 6-foot, 200-pound corner outfielder, Tibbs has spent the season at High-A, where he has hit .245/.377/.480 with 12 home runs and 32 RBIs in 56 games. Scouts laud his command of the strike zone — he has 41 walks and 45 strikeouts in 252 plate appearances — but question whether his swing will translate at higher levels.

Bello, 20, has spent the season as a reliever for the Giants’ Rookie League affiliate. In 18 innings, he has struck out 28 and walked three while posting a 2.00 ERA.

The deal is the latest in which Boston shipped a player central to the franchise.

Boston traded Mookie Betts to the Dodgers in February 2020, just more than a year after leading Boston to a franchise-record 108 wins and a World Series title and winning the American League MVP Award.

Devers was part of that World Series-winning team in 2018 and led the Red Sox in RBIs each season from 2020 to 2024, garnering AL MVP votes across each of the past four years. Devers had been with the Red Sox since 2013, when he signed as an international amateur free agent out of the Dominican Republic. He debuted four years later at age 20.

Boston is banking on its young talent to replace Devers’ production. The Red Sox regularly play four rookies — infielders Kristian Campbell and Marcelo Mayer, outfielder Roman Anthony and catcher Carlos Narvaez — and infielder Franklin Arias and outfielder Jhostynxon Garcia are expected to contribute in the coming years.

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Ohtani to return to mound vs. Padres on Monday

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Ohtani to return to mound vs. Padres on Monday

Shohei Ohtani will make his long-awaited return to pitching on Monday night in a matchup against the division-rival San Diego Padres, the Los Angeles Dodgers announced.

Ohtani, 21 months removed from a second repair of his ulnar collateral ligament, will be used as an opener, likely throwing one inning. Because of his two-way designation, Ohtani qualifies as an extra pitcher on the roster, giving the Dodgers the flexibility to use a piggyback starter behind him.

That is essentially what will take place in his first handful of starts — a byproduct of the progress Ohtani has made in the late stages of his pitching rehab.

Ohtani, 30, initially seemed to be progressing toward a return some time around August. But he made a major step during his third simulated game from San Diego’s Petco Park on Tuesday, throwing 44 pitches over the course of three simulated innings and compiling six strikeouts against a couple of low-level minor leaguers.

Afterward, Dodgers manager Dave Roberts said it was a “north of zero” chance Ohtani could return before the All-Star break. When he met with reporters prior to Sunday’s game against the San Francisco Giants — an eventual 5-4 victory — Roberts said it was a “possibility” Ohtani could pitch after just one more simulated game.

After the game, Roberts indicated the timeline might have been pushed even further, telling reporters it was a “high possibility” Ohtani would pitch in a big league game this week as an opener, likely during the upcoming four-game series against the Padres.

“He’s ready to pitch in a big league game,” Roberts told reporters. “He let us know.”

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Minnesota manhunt continues for gunman who ‘posed as cop’ to kill Melissa Hortman and her husband

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Minnesota manhunt continues for gunman who 'posed as cop' to kill Melissa Hortman and her husband

A manhunt is continuing after the gunning down of a Democrat politician and her husband – with police saying they’re acting on the assumption he is still alive and dangerous.

Melissa Hortman and Mark Hortman were shot dead at home in a Minneapolis suburb on Saturday in what governor Tim Walz called a “politically motivated assassination”.

Democrat senator John Hoffman and his wife were also shot multiple times at their home nine miles away, but survived.

A search is under way for Vance Boelter, 57, who authorities believe wore a mask as he posed as a police officer, and also used a vehicle resembling a squad car.

Several AK-style firearms and a list of about 70 names, which included politicians and abortion rights activists, were found inside.

Graphic of Minnesota State Representative Melissa Hortman (L) and Senator John Hoffman. Pic: Facebook / Minnesota Legislature
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Melissa Hortman and Senator John Hoffman. Pic: Facebook / Minnesota Legislature

Boelter was last caught on camera wearing a cowboy hat – a similar hat was found near another vehicle belonging to him on Sunday.

Authorities said at their latest news conference they assume he is still alive.

Hundreds of police officers are searching for Boelter, who escaped from the Hortmans’ house on foot after an exchange of gunfire.

Vance Boelter images

Senator Hoffman was shot nine times and is having multiple surgeries, according to a text message shared on Instagram by fellow senator Amy Klobuchar on Sunday.

The text from Mr Hoffman’s wife, Yvette, added: “I took 8 and we are both incredibly lucky to be alive.”

She said her husband “is closer every hour to being out of the woods”.

“We believe [Boelter’s] somewhere in the vicinity and that they are going to find him,” Senator Klobuchar told NBC’s Meet the Press.

“Everyone’s on edge here,” she added, “because we know that this man will kill at a second.”

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Neighbours of killed US politician stunned

Police said they responded to gunfire reports at the Hoffmans’ Champlin home shortly after 2am on Saturday and found them with multiple gunshot wounds.

They then checked on the Hortmans’ home, in the nearby Brooklyn Park suburb, and saw what appeared to be a police car and a man dressed as an officer leaving the front door.

“The individual immediately fired upon the officers, who exchanged gunfire, and the suspect retreated back into the home” and escaped on foot, said Brooklyn Park police chief Mark Bruley.

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Neighbours of murdered US politician stunned

Another vehicle belonging to Boelter was searched on Sunday in Minnesota’s Faxon Township. A cowboy hat similar to the one seen in the police appeal was found nearby.

It’s been revealed that the suspect texted friends around 6am on Saturday to say he had “made some choices” and was “going to be gone for a while”.

According to AP, which has seen the messages, he reportedly said: “May be dead shortly, so I just want to let you know I love you guys both and I wish it hadn’t gone this way… I’m sorry for all the trouble this has caused.”

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Governor calls it ‘targeted political violence’

Records show Boelter – a father of five – is a former political appointee who served on the same state workforce development board as Mr Hoffman.

However, it’s unclear to what extent they knew each other, if at all.

Mr Hoffman, 60, was first elected in 2012 and runs a consulting firm called Hoffman Strategic Advisors.

Melissa Hortman. Pic: Instagram.
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The motive behind Melissa Hortman’s killing remains unclear. Pic: Instagram

Melissa Hortman, a 55-year-old mother of two, was first elected in 2004 and was the top house Democratic leader in the state legislature.

She also served as speaker of the Minnesota House of Representatives.

Mrs Hortman used her position to champion protections around abortion rights, including laws to cement Minnesota’s status as a safe refuge for people from restrictive states, who travel there for an abortion.

Her work also sought to introduce protections for services that provide abortions.

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