Korean Officials Are "Paying Close Attention" As Foreign Outflows Trigger Bond/Won Collapse

Novo Nordisk Extends Slide After Announcing Price-Cuts For Blockbuster Obesity Drugs Novo Nordisk shares in Copenhagen can't catch a bid. The liquidation is accelerating again after a Bloomberg headline on Tuesday morning: the Danish drugmaker will slash U.S. list prices for Wegovy and Ozempic next year. The move suggests that the new CEO is pursuing market share amid intensifying competition in the GLP-1 space. Jamey Millar, Novo's head of U.S. operations, was quoted by Bloomberg as saying the company set a monthly price of $675 for its family of semaglutide drugs,...

Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says Brent crude futures held near recent highs of $90 a barrel before fading to around $87 early Thursday morning, as traders awaited progress toward reopening the Strait of Hormuz. Stalled US-Iran negotiations and tightening global fuel supplies continued to support prices and concern some top energy experts, who warn of a looming supply shock.  US-Iran talks remain deadlocked to end the week as the Trump administration maintains its blockade of Iranian ports and Tehran demands compensation for war-related damage. Pakistan, which...

Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign Authored by Thomas Brooke via Remix News, Hungary has returned money and valuables belonging to Ukrainian state-owned bank Oschadbank after authorities seized the shipment earlier this year while it was being transported from Austria to Ukraine. Ukrainian President Volodymyr Zelensky announced the return on Telegram on Wednesday, saying the assets had been seized by Hungarian special services in March, a move he claimed had been unjustified. “Today, the funds and valuables of Oschadbank, seized by Hungarian special services in March of this...