Highlights:

• Queues, Price Hikes and Shortages as Asia Battles Fuel Crunch — Import-dependent Asian energy buyers are experiencing severe fuel supply constraints, from Thai farmers racing for diesel to Indian refinery executives monitoring the Persian Gulf. Bloomberg

• Novo and Hims End Feud, Will Sell Obesity Drugs Together — Novo Nordisk plans to sell its weight-loss drugs on Hims & Hers' platform, resolving a public dispute that escalated into legal action last month. Bloomberg

• Byron Allen, Aiming to Sell Shows to Starz, Buys Mnuchin's Stake — Media mogul Byron Allen acquired nearly 11% of Starz Entertainment from former Treasury Secretary Steve Mnuchin for $25 million. Bloomberg

• Bessent Blasts JPMorgan Over 'Terrible' Oil-Insurance Analysis — Treasury Secretary Scott Bessent criticized a JPMorgan report on US government lending agency constraints for oil cargo insurance from the Persian Gulf. Bloomberg

• When God Appears in Contracts, That's 'Force Majeure' — The Middle East conflict has renewed focus on force majeure clauses that allow parties to escape contract obligations due to unforeseen acts. Bloomberg

• Mercedes-Benz Settles Case Over Alleged Union-Busting in Alabama — Mercedes-Benz agreed to cease anti-union threats and distribute union rights notices as part of an NLRB settlement over its response to an Alabama organizing drive. Bloomberg

• DOJ Seeks to Forfeit $15 Million From Iran Oil Tycoon Network — The Justice Department filed civil forfeiture complaints against a network of companies operated by a sanctioned Iranian oil tycoon accused of breaching sanctions through global banks. Bloomberg

• SeatGeek Offered 'Retaliation Insurance' to Win Ticketmaster Clients — Rival ticket seller SeatGeek offered arenas insurance against lost events to incentivize switching from Ticketmaster, according to testimony in a Live Nation antitrust trial. Bloomberg

• Kennedy Center Sues Musician Who Canceled Over Trump Rename — The Kennedy Center is suing jazz musician Chuck Redd for canceling a Christmas Eve performance after the board voted to add President Trump's name to the venue. Bloomberg

• Top Korea Power Firm Revs Up US Growth Betting on AI Supercycle — South Korea's HD Hyundai Electric is accelerating US expansion, expecting surging demand for transformers and switchgear from AI-driven power consumption growth. Bloomberg

• Safra Pays $2 Billion Dividend to Its Owners Ahead of Tax Hike — Banco Safra distributed 11 billion reais ($2 billion) in dividends and interest to parent company owners in 2025 before higher taxes take effect. Bloomberg

• Boeing Close to 500-Jet Order With Trump-Xi Summit — Boeing is nearing a historic 500-aircraft 737 Max order expected to be announced during President Trump's first state visit to China since 2