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"Worst-Case Scenario": Novo Nordisk Plunges After Next-Gen Obesity Drug Falls Short Of Lilly Rival
"Worst-Case Scenario": Novo Nordisk Plunges After Next-Gen Obesity Drug Falls Short Of Lilly Rival
Shares of Novo Nordisk A/S plummeted again on Monday after the company reported trial results showing its next-generation obesity shot, CagriSema, delivered 20.2% weight loss at 84 weeks, compared to 23.6% for Eli Lilly & Co.’s tirzepatide (Zepbound).
Bloomberg Intelligence analyst Michael Shah explained, "This outcome is the worst-case scenario for Novo and heightens the need for M&A with Novo’s other GLP-1/Amylin drug."
Shares of Novo in Copenhagen plunged as much as 16.5%, breaking below a support level...
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"They Will Hear From Our Lawyers": Elon To Sue German Broadcaster Over Claim He Told Belfast Protesters To 'Hunt Migrants'
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Via Remix News,
Tech trillionaire Elon Musk has said he will take legal action against German public broadcaster ZDF after it linked him to unrest in Belfast and accused him of helping instigate a "hunt" against migrants.
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Feb 26, 2026 / Tyler Durden
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
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One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.
The news sent shares up over 30% in after hours trade.
"We are taking bold and decisive action here, but we’re doing it from a position of...
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