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Novo Nordisk cuts profit forecast as new CEO faces rocky start

Novo Nordisk cuts profit forecast as new CEO faces rocky start

Novo Nordisk lowered its full-year profit forecast on Wednesday, marking an early challenge for newly appointed CEO Mike Doustdar as the Danish dru...
Hims & Hers shares drop 6% after FDA warning on semaglutide marketing claims

Hims & Hers shares drop 6% after FDA warning on semaglutide marketing claims

Hims & Hers Health Inc. (NYSE: HIMS) saw its stock fall 6% on Tuesday following the release of a warning letter from the US Food and Drug Administr...
Novo Nordisk cuts 9K jobs to save $1.26B amid Wegovy growth, Eli Lilly rivalry

Novo Nordisk cuts 9K jobs to save $1.26B amid Wegovy growth, Eli Lilly rivalry

Novo Nordisk, the Danish pharmaceutical giant behind the obesity drug Wegovy, said on Wednesday it will cut about 9,000 jobs globally in a major re...
Denmark cuts growth forecast as Novo slowdown sparks reliance debate

Denmark cuts growth forecast as Novo slowdown sparks reliance debate

Denmark’s government has lowered its 2025 economic growth forecast to 1.4% from a previous projection of 3%, citing weaker prospects for pharmaceut...
Russia’s Digital Ruble to Roll Out in September 2026, Says Central Bank

Russia’s Digital Ruble to Roll Out in September 2026, Says Central Bank

The Russian digital ruble, the nation’s central bank digital currency (CBDC), will finally launch nationwide on September 1, 2026, the Central Bank...