Here's your midday brief for Monday, November 24th. I'm Alex O'Sullough for the Wall Street Journal.

Coles has named Michael Bender as its new CEO, the company's fourth in as many years.

Bender has been serving as the company's interim CEO since May, after its then-chief, Ashley Buchanan,

was fired for violating the company's

ethics code. Bender says he's been listening to customers, going bigger on the most popular

products, and continuing the work of reversing previous changes that had proved unpopular with

customers. Novo Nordisk shares fell sharply after the Danish drug maker said a pill with the key

ingredient in

Ozempic and Wagovi didn't slow Alzheimer's disease in two late-stage clinical trials.

The company says the ingredient called semaglutide wasn't superior to placebo in reducing

the progression of Alzheimer's disease in the studies. It's the latest setback in a tough year for

Novo Nordisk, whose lead in the

obesity drug market has been overtaken by rival Eli Lilly. And former Fox News host Tucker Carlson

has launched a precious metals company called Battalion Metals, which offers coins, bars,

and support for precious metals IRAs. Carlson, who describes the U.S. dollar as doomed and says central banks

are a scam, is capitalizing as investors turn to gold as a safeguard against inflation.

His company lists one ounce gold coins at prices that are two to five percent higher than futures

prices. This launch comes as record amounts of cash have flowed into gold-linked exchange-traded

funds, and retailers like Costco and Walmart are selling gold coins and bars.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries

that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have more coverage of the day's news on the WSJ's What's News podcast.

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