Accepted answer
Whatever its primary endpoint was, at the power it was designed for, in the population it recruited — and nothing else. STEP 1 was sized to answer one question. Every other result in it is a secondary or exploratory endpoint, powered incidentally if at all, and a nominally significant secondary in a programme with twenty of them is what you would expect from chance alone. So the reading order is: primary endpoint, then whether the secondaries were pre-specified and hierarchically tested, then everything else as hypothesis-generating. A trial establishes one thing well and suggests several things badly, and the press coverage inverts that ranking reliably.
In practice, the trial answers a narrower question than the headline suggests, and the narrowing is where the useful information is.
Placebo arms in this class are not nothing. Lifestyle-intervention placebo arms in the major obesity trials commonly lose two to three per cent of body weight, so an active-arm figure quoted without its comparator overstates the drug effect by roughly that much.
Duration decides what can be seen. A 68-week trial can measure weight and glycaemia; it cannot measure anything whose event rate is one per cent per year without enrolling tens of thousands.
Where a result is quoted from a conference abstract rather than a peer-reviewed publication, the numbers routinely move between the two. It is worth checking which one you are reading.
The short version: check the endpoint, check the comparator, check who was excluded, then look at the number.