Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Tuesday, December 23rd. I'm Julie Morgan. A new pill gets the FDA's blessing.

Mercedes pays up over diesel emissions, and Bight Dance outlines a multi-billion-dollar AI spending plan.

The FDA has cleared an oral version of the Novo-Nordisk blockbuster weight loss drug,

Wigovi, marking a major milestone for obesity treatment.

The Wigovi pill is the first GLP-1 oral treatment approved for obesity. The decision was backed by results from the Oasis 4 trial, which showed that adults who were obese or overweight, and also dealing with other health conditions, lost an average of 16.6% of their body weight when taking a daily 25 milligram dose of oral simiglutide.

Novo expects the Wigo v. pill to hit the market in January, and investors are already reacting.

The company's shares are up about 7% in pre-market action.

Mercedes-Benz and its parent company have agreed to pay nearly $150 million to settle allegations

with 48 U.S. states, Puerto Rico, and the District of Columbia over diesel emissions.

A coalition of attorneys general said on Monday that between 2008 and 2016, the German automaker equipped more than 211,000 diesel passenger cars and vans with software devices that optimized emission controls during tests but reduced the controls during normal operation.

The settlement calls for the automaker to pay the attorney's general $120 million,

with another $29 million payment suspended and potentially waived,

pending a completion of a consumer relief program.

TikTok's parent company, BiteDance, has preliminary plans to allocate about 160 billion yuan or 22.77 billion dollars in capital expenditure for 2026, primarily targeting AI infrastructure development.

The Financial Times reported citing people familiar with the matter that around half of the budget, approximately 85 billion U.N. targets advanced AI processors.

The rest of the fund supports broader AI model training and data center expansion, including overseas facilities.

This marks an increase from roughly 150 billion U.N. spent in 2025.

Now for a look at a few other articles that are trending on Seeking Alpha, the Santa Claus

rally is here now prepare for the January effect. We have City's 2026 Semi's Outlook with

MCHP being the top pick. And Ryanair Holdings shares

surge 55% leading European airline stocks in 2025. Now for a look at the markets today ahead of the

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