3 d. ago Novo and Orsted Made Denmark Rich. Are The Boom Times Now Over?

At their heights, Denmark’s corporate champions seemed untouchable. Novo Nordisk A/S, long known mostly as an insulin maker, was Europe’s most valuable company last year, after riding a surge of demand for Ozempic and Wegovy. That followed the success of Orsted A/S, the world’s largest offshore wind developer, which in 2021 was celebrating record valuations and racing to expand internationally as governments poured money into green energy.

Other

3 d. ago Ozempic, Wegovy makers Novo Nordisk announce 9K layoffs in restructuring

Ozempic and Wegovy maker Novo Nordisk says it will layoff about 9,000 employees of its global workforce as it restructures in an attempt to fend off competition.

Other

4 d. ago Novo Nordisk, maker of obesity drug Wegovy, to cut 9,000 jobs to sharpen focus, meet competition

FRANKFURT, Germany (AP) — Danish pharmaceutical company Novo Nordisk, maker of weight-loss drug Wegovy, said Wednesday it would cut 9,000 jobs, 5,000 of them in Denmark, in order to strengthen the company’s focus on growth opportunities in obesity and diabetes medications. The restructuring, which would eliminate 11% of the company’s workforce, aimed to reduce organizational […]

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8 d. ago WHO adds Ozempic and Mounjaro to its list of essential medicines

(Bloomberg) — The World Health Organization added Novo Nordisk A/S’s Ozempic and Eli Lilly & Co.’s Mounjaro to its list of essential medicines, a step that may expand access to the drugs around the world. The recommendation applies to a range of GLP-1 drugs that also includes Lilly’s older medicine Trulicity and Novo’s Victoza, the […]

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2 w. ago Reliance Annual Investor Meet in Focus as Indian Market Reels From Tariff Woes

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Economics

3 w. ago China’s canola tariffs in focus as Moe, ministers set to meet in Ottawa

Kody Blois, the parliamentary secretary for Prime Minister Mark Carney, and Saskatchewan Agriculture Minister Daryl Harrison are also to attend the meeting in Saskatoon.

Politics

3 w. ago Oil Dips as Focus Shifts to Zelenskiy Meet After Putin Summit

Oil slipped as traders turned their attention to Donald Trump’s meeting with Volodymyr Zelenskiy on Monday, with the Ukrainian leader facing US pressure to reach a peace deal with Russia that involves ceding territory.

Politics