The U.S. Federal Trade Commission is conducting an industrywide probe into Anthropic, OpenAI and other AI labs to examine potential risks their technology may pose to consumers, a senior FTC official told Reuters on Wednesday. The investigation is focused on concerns including misleading information generated by AI models, bias and privacy issues.

A real-world study found patients who moved from injectable obesity treatments to a daily oral semaglutide pill lost an average of 4.1% of body weight over three months, or 4.0 kg, from a 221.6-pound baseline. The share classified as clinically obese fell to 65.5% from 87.1% over the same period. Nearly 41% of participants lost at least 5% of their body weight. The findings were presented at a medical conference as Novo Nordisk pushes an oral obesity option amid competition from Eli Lilly.

Indian shares are set to open higher on Friday after their sharpest drop in 10 weeks, but benchmarks are still down 1.2% and 1% for the week and risk a seventh straight weekly decline. Crude prices held near $106 per barrel, keeping pressure on India’s import bill, inflation concerns and corporate profitability. Foreign investors were net sellers of Indian equities worth 50.27 billion rupees on Thursday, according to provisional data.

General Motors and Ford are expected to post the sharpest U.S. market-share losses among major automakers through the first three quarters of the year, an industry forecast shows. Ford’s sales are projected to fall 8.8%, pulling its share down to 12.5%, while GM’s sales are seen declining 6.2% with share slipping to 16.7%, according to Cox Automotive. Toyota and Honda are forecast to grow sales 1.1% and 5.6%, respectively, as demand for fuel efficiency rises amid higher gas prices.

Two Bank of England deputy governors suggested they are moving closer to voting for an interest-rate increase as persistently high energy costs risk keeping inflation above target. The BoE kept its benchmark rate at 3.75% last week, but warned inflation could top 4% early next year if the Iran conflict drags on, well above its 2% goal. Markets are pricing a 75% chance of a 25-basis-point hike at the November meeting, according to Reuters.

Sterling fell to a near three-month low of $1.3222 on Thursday as the dollar was repriced after a hawkish shift by the Federal Reserve. The pound is down about 1.25% since Monday and also edged lower against the euro. Money markets are pricing in roughly 100 basis points of Bank of England rate hikes over the next 12 months, with traders seeing about a 75% chance of a move in November.

The Reserve Bank of Australia is expected to raise rates next Tuesday to 4.6%, a 15-year high, after three increases this year took the cash rate to 4.35%. National home prices are down nearly 4% from their peaks, and a government tax change on investment properties has weakened investor lending. With inflation expected to stay higher for longer, falling house prices alone may not be enough to prompt the RBA to cut rates.

Geopolitical tensions climbed after Iran’s president took a hard line at the UN General Assembly, helping lift Brent crude more than 4% in the prior session and push it above $100. In Asian trading on Thursday, Brent held around $102.5 a barrel. Indian equities are expected to open lower, with broader Asian markets also weakening.

Barry Diller’s People has withdrawn its offer to acquire all remaining publicly held shares of MGM Resorts International. People already owns about 27% of MGM and in June offered $48.30 a share in cash for the rest, valuing the company at more than $18 billion. Following the announcement, MGM shares fell 8% in after-hours trading.