European Stocks Slip as Hot US Wage Inflation Fuels Hawkish Bets [BNN Bloomberg (Canada)]
Novo Nordisk A/S (NVO)
Last novo nordisk a/s earnings: 2/5 01:31 am
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Source: BNN Bloomberg
The Stoxx 600 Index was 0.7% lower by the close, with the auto sector trailing the pan-European benchmark as results from Volkswagen AG and Mercedes-Benz Group AG disappointed. Real estate and personal care stocks outperformed. Shares had been subdued all day on further evidence of sticky inflation that overshadowed better-than-expected growth data in Europe. Novo Nordisk A/S went from being one of the benchmark's biggest drags to its best performer after Eli Lilly & Co. raised its annual outlook for sales and profit as the company races to satisfy soaring demand for its blockbuster weight-loss and diabetes drugs. Meanwhile, chemicals were boosted by Clariant AG's stronger-than-expected start to the year. As markets reassess the likelihood of central bank easing this year, some equity investors believe stronger global economic growth can keep driving indexes higher, as long as stagflation doesn't take hold. In the US, a broad gauge of labor costs accelerated in the first quarter
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NVO
News
- Senators place blame for sky-high drug prices on abuse of the patent system [MSNBC.com]MSNBC.com
- Hims & Hers rolls out weight-loss shots much cheaper than Ozempic, Wegovy [Yahoo! Finance]Yahoo! Finance
- Nestlé's new foods are getting Ozempified, with slashed portions priced specifically for those on weight-loss drugs [Yahoo! Finance]Yahoo! Finance
- Healthy Returns: Eli Lilly, Novo Nordisk are competing to develop more convenient weekly insulins [CNBC]CNBC
- Nestlé's new foods are getting Ozempified, with slashed portions priced specifically for those on weight-loss drugs [Fortune]Fortune
NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 5/17/24 - Form 6-K
- 5/17/24 - Form SD
- 5/15/24 - Form 6-K
- NVO's page on the SEC website