Novo Nordisk said on Friday that Chief Executive Officer Lars Fruergaard Jørgensen will step down, a decision made jointly with the board as the company confronts mounting competitive and financial pressures. The changes are being made “in light of the recent market challenges Novo Nordisk has been facing, and the…
Argentina’s Downtown Buenos Aires is home to a thriving underground network of cash merchants known as arbolitos. However, their business is seeing a rapid downturn.According to Reuters, under Argentina’s severe currency regulations, informal money dealers thrived for years, providing residents with access to US dollars as the peso’s value collapsed.That…
Archer Aviation Inc (NYSE: ACHR) has been named the official air taxi provider for the LA28 Olympics. Shares of the eVTOL company are up 10% at the time of writing. ACHR’s electric vertical take-off and landing vehicles are now slated to be used in several ways, including transportation of VIP…
According to ship monitoring data, China has emerged as the biggest consumer of Canadian petroleum delivered via the newly expanded Trans Mountain pipeline, showing the significant shift in global oil flows caused by geopolitical concerns and shifting trade dynamics.On May 1, 2024, the Canadian government-owned Trans Mountain pipeline, or TMX,…
The global weight-loss drug market, once dominated by Novo Nordisk, is undergoing a dramatic transformation. On Friday, the Danish pharmaceutical giant announced it would replace its long-serving chief executive, Lars Fruergaard Jorgensen, as the company faces mounting pressure from rivals and a sharp slide in its stock value. Novo’s shares…
Cox Communications has been a potential takeover target for years. But despite several attempts from multiple suitors, the company always remained steadfast in rejecting all buyout proposals.However, that changed today, May 16, with an announcement that Cox has agreed to be acquired by Charter Communications Inc in a deal that…
Novo Nordisk said on Friday that Chief Executive Officer Lars Fruergaard Jørgensen will step down, a decision made jointly with the board as the company confronts mounting competitive and financial pressures. The changes are being made “in light of the recent market challenges Novo Nordisk has been facing, and the…
Investment banking firm Loop Capital maintained its bullish stance on Meta platforms with a target price of $888.This indicates a 38% upside from Thursday’s closing price.AI performance Loop Capital’s analysts said that Facebook’s parent company’s artificial intelligence-driven performance has made up for the drop in spending from Chinese advertisers. “We continue to…
Archer Aviation Inc (NYSE: ACHR) has been named the official air taxi provider for the LA28 Olympics. Shares of the eVTOL company are up 10% at the time of writing. ACHR’s electric vertical take-off and landing vehicles are now slated to be used in several ways, including transportation of VIP…
The global weight-loss drug market, once dominated by Novo Nordisk, is undergoing a dramatic transformation. On Friday, the Danish pharmaceutical giant announced it would replace its long-serving chief executive, Lars Fruergaard Jorgensen, as the company faces mounting pressure from rivals and a sharp slide in its stock value. Novo’s shares…