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☆ Denmark launches landmark framework for using AI under EU rules — with Microsoft backing
▼ + stars: | 2024-11-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Denmark on Wednesday laid out a framework that can help EU member states use generative artificial intelligence in compliance with the European Union's strict new AI Act — and Microsoft 's already on board. Denmark's Agency for Digital Government, the country's central business registry CVR and pensions authority ATP are among the founding partners adopting the framework. This includes guidelines governing how the public and private sector collaborate, deploying AI in society, complying with both the AI Act and General Data Protection Regulation (GDPR), mitigating risks and reducing bias, scaling AI implementation, storing data securely, and training up staff. Netcompany CEO André Rogaczewski said the provisions laid out in the white paper were primarily aimed at companies in heavily regulated industries, such as in financial services. He told CNBC he's aiming to address one core question: "How can we scale the responsible usage of AI?"

Persons: André Rogaczewski Organizations: Microsoft, IT, Public, Denmark's Agency for Digital Government, General Data Protection, CNBC Locations: Denmark, Danish

☆ I moved to NYC from Denmark. I may have left one of the 'happiest' countries in the world, but New York is more exciting.
▼ + stars: | 2024-10-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Denmark is among the happiest countries in the world, but Davies said New York is more exciting. AdvertisementThis as-told-to essay is based on a transcribed conversation with Joanna Davies, 30, about moving from Denmark to New York. Denmark was a safe place to live with a lot of welfare support, but I've found a more exciting destination in New York. New York feels especially different from Denmark's strong welfare system. Denmark may be one of the 'happiest' places to live, but New York is more excitingDenmark is known as one of the happiest countries in the world.

Persons: Joanna Davies, Davies, —, Denmark's, I've, Denmark I'd, — It's, New York hasn't, There's Organizations: Service, Aarhus University, Columbia University, Business Locations: New York, Denmark, London, Aarhus, America, New York . New York, Manhattan, Central, New York New York

☆ Von der Leyen names European Commission's new top team
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +2 min

European Commission President Ursula von der Leyen attends a press conference, on the day of a European Union leaders summit, in Brussels, Belgium March 22, 2024. EU Commission President Ursula von der Leyen on Tuesday named Spain's ecological transition minister Teresa Ribera as the bloc's next antitrust commissioner while Estonia's Kaja Kallas will be in charge of foreign policy. All commissioners will report to German conservative von der Leyen, who this summer was handed a second term as EU chief executive by member states after her political camp won the most votes in EU elections. A second Trump presidency could sharply alter Western unity on supporting Ukraine against Russia's invasion and up-end EU trade relations with the world's biggest economy. There was some drama on Monday on the next Commission's line-up, when France picked Foreign Minister Stephane Sejourne as its new candidate after the incumbent, Thierry Breton, abruptly quit with tough words for von der Leyen.

Persons: Ursula von der Leyen, Teresa Ribera, Estonia's Kaja, Andrius, Stephane Sejourne, Slovakia's Maros Sefcovic, Ribera, Denmark's, Margrethe Vestager, der Leyen, Trump, Thierry Breton, von der Leyen Organizations: European Union, EU, French, Big Tech, U.S, Ukraine Locations: Brussels, Belgium, China, France

☆ These drugmakers are catching up to Eli Lilly and Novo Nordisk in weight loss treatments
▼ + stars: | 2024-07-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

With billions at stake, that's pretty much been a guarantee facing the current market leaders, Eli Lilly and Novo Nordisk , from the start. Their updates are likely to be joined by others in the coming months even as today's incumbents develop their own next-generation weight loss treatments. Other analysts have also grown more optimistic about the future of weight loss treatments. Orforglipron, a once-a-day oral GLP-1 drug that Lilly is working on, had shown a 3% weight loss at 4 weeks. The company is also exploring whether the weight loss treatment could be given only once a month.

Persons: Eli Lilly, drugmakers Roche, Lilly, Denmark's, Trung Huynh, Huynh, Rajesh Kumar, Kumar, Novo, Roche, Roche ADRs, Justin Zelin, Zelin, Viking's, HSBC's Kumar, Novo aren't, —, Nick Wells Organizations: Novo Nordisk, Viking Therapeutics, UBS, HSBC Global Research, Carmot Therapeutics, Food and Drug Administration, Viking, European Association for, Diabetes, Pfizer, Amgen, Therapeutics Locations: Swiss, Novo, San Antonio, Spain

☆ Copenhagen may have cracked how to get tourists to behave: Free glasses of wine and kayaking
▼ + stars: | 2024-07-10 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

Copenhagen will launch the CopenPay initiative to reward climate-conscious tourists. The monthlong trial offers incentives such as free museum entry for green deeds like cycling. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Danish capital is launching an initiative this month to reward climate-conscious visitors with incentives such as free meals, wine, kayaking tours, and complimentary entry to museums. Tourists and locals will be rewarded for their green deeds, such as arriving at a tourist attraction on a bike or picking up litter.

Persons: — Organizations: Service, Business Locations: Copenhagen

☆ WAF Awards 2024: World’s best new architecture revealed
▼ + stars: | 2024-07-10 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

Spanning 18 categories, from housing and offices to health facilities and sport venues, the shortlist was announced by organizers of the annual World Architecture Festival (WAF) on Monday. 2024 World Architecture FestivalChilean architecture firm Contexto was recognized for its serene A-framed hotel, TAWA Refugio. 2024 World Architecture FestivalLocated on the European shore of the Gallipoli Peninsula in Turkey, the original 17th-century structure was severely damaged during WWI. 2024 World Architecture FestivalThe circular OLM Nature Escape, designed by Andreas Gruber Architects, is a boutique hotel nestled in Italy’s Dolomite Mountains. 2024 World Architecture Festival

Persons: Hadid, Sydney’s, Paul Finch, Kohn Pedersen Fox, Contexto, Kyriakos Tsolakis, Andreas Gruber Organizations: CNN, Australian Embassy, Washington DC, Singapore’s, Airport, of XXI Century Arts, Reutlingen University of Applied Sciences, National Star Observatory of, Kyriakos Tsolakis Architects, Civic, 3NX Architects, Andreas Gruber Architects Locations: Dubai, Cyprus, Turkish, Washington, China’s Zhejiang, Rome, Copenhagen, Germany, TAWA Refugio, Delhi, National Star Observatory of Cyprus, Ezhou, Turkey, Aarhus

☆ Novak Djokovic accuses Wimbledon crowd of ‘disrespect’ after reaching quarterfinals
▼ + stars: | 2024-07-09 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Novak Djokovic produced another impressive performance at Wimbledon on Monday to cruise into the quarterfinals, but the 24-time grand slam champion was far from happy after his win. You guys can’t touch me.”It’s not the first time Djokovic has been left angry by the crowd after a match against Rune. At the 2021 US Open, the same situation occurred when Djokovic was confused by what he thought was booing from the crowd. Andrej Isakovic/AFP/Getty ImagesDespite being unhappy by sections of the crowd on Monday, Djokovic managed to remain calm and dispatch a below-par Rune. Looking forward to the match,” Djokovic added.

Persons: CNN — Novak Djokovic, Holger Rune –, “ Ruuuuune, “, ” Djokovic, Rune, Djokovic, I’ve, “ I’ve, ” It’s, ” Rune, Denmark's Holger Rune, Andrej Isakovic, Alex de Minaur, “ Alex, de Organizations: CNN, Wimbledon Locations: AFP

☆ I'm an American mom living in Denmark. Here families take a long summer vacation, and I'm still getting used to that.
▼ + stars: | 2024-07-08 | by ( Brooke Black | ) www.businessinsider.com time to read: +4 min

I'm an American living in Denmark, and for the first time I am having to play by the cultural and legal rules of Danish summer vacation. When your child starts attending public school, schools close down during the summer period. In Denmark, enjoying a long summer vacation isn't just a perk — it's a right under the Danish Holiday Act, called Ferieloven. The Holiday Act says that employees should ideally inform their employers about their leave plans three months in advance for the main holiday period. AdvertisementNow that I'm a working parent in Denmark, I'm very grateful for getting to experience a new way of spending the summer holidays together with family.

Persons: I'm, I've, it's, Danes Organizations: Service, Danish Locations: Denmark, Danish, Wisconsin

☆ Weight loss drug contender Zealand Pharma jumps 23% on trial results
▼ + stars: | 2024-06-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Vials on the Wegovy line at the Novo Nordisk A/S production facilities in Hillerod, Denmark, on Friday, March 8, 2024. LONDON — Shares of Denmark's Zealand Pharma popped nearly 23% in Friday morning deals, notching a record high after an early-stage study of its weight loss drug challenger produced positive results. Petrelintide was "judged to be safe and well tolerated at all dose levels" and the results provided "robust support" for its potential as an alternative to GLP-1 receptor agonist-based therapies for weight management, Zealand Pharma said in a release. GLP-1RA-based treatments include Ozempic, the diabetes drug produced by fellow Danish pharmaceutical firm Novo Nordisk , which has exploded in popularity globally for its weight-loss effects. Soaring demand for Ozempic and obesity drug Wegovy have propelled Novo Nordisk to become Europe's most valuable company.

Persons: Petrelintide Organizations: Novo Nordisk, Denmark's Zealand Pharma, Zealand Pharma Locations: Hillerod, Denmark, Danish

☆ Ukraine got the go-ahead to hit Russia with F-16s, but doing so could be a waste of a good jet
▼ + stars: | 2024-06-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +11 min

Read previewNATO member Denmark has given Ukraine permission to use the F-16s it receives to hit military targets within Russia. AdvertisementThe exact number of F-16s Ukraine will get to begin with is unclear, but it's not expected to be many. But in Russia, Ukrainian aircraft can also expect to battle the Russian Air Force in addition to enemy air defenses. It would also bolster a capability that has been heavily strained by relentless Russian attacks, and that's air defense. But they said these fighter jets will be useful for Ukraine by replenishing lost aircraft, deterring Russian jets, and acting as defenses.

Persons: —, George Barros, Israel Aerospace Industries Barros, it's, Mark Cancian, Tim Robinson, Peter Layton, Volodymyr Zelenskiy, Mette Frederiksen, Ritzau Scanpix, Mads Claus Rasmussen, there's, Michael Clark, Clark, Cancian, ISW, Layton, Robinson, DIMITAR DILKOFF, Noble, Chanceler Organizations: Service, Business, Ukraine, Analysts, Israeli Military Industries Systems, Israel Aerospace Industries, Marine, Center for Strategic, International Studies, UK's Royal Aeronautical Society, Griffith Asia Institute, Royal Australian Air Force, Denmark's, Skrydstrup Airbase, REUTERS, Politico, Republicans, Russian Air Force, Getty, Noble Eagle, US Air Force Locations: Denmark, Ukraine, Russia, Moscow, Russian, Israeli, Netherlands, Norway, Belgium, France, Skrydstrup, Vojens, Arizona, Romania, British, Crimea, Ukrainian, AFP

☆ Denmark bans ramen noodles for being too spicy
▼ + stars: | 2024-06-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Denmark's food safety agency has nixed three varieties of instant ramen. Ramen brand Samyang said it's the first time its products have been recalled for being too spicy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Danish Veterinary and Food Administration (DVFA), the nation's food safety agency, announced it was recalling three varieties of instant ramen, saying the noodles are so spicy that they could harm young children and some adults. In its note about the recall, the DVFA claimed that kids were filming themselves eating super-spicy food for social media challenges.

Persons: — Organizations: Service, Danish Veterinary, Food Administration, Business Locations: Danish

☆ Insider Today: Amazon's AI problem
▼ + stars: | 2024-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Also read:AdvertisementGetty Images; Alyssa Powell/BIThe best investments everBI asked seven heavyweight investors, including Rob Arnott and Bob Elliott, to identify the best trades of their careers. Each shared the top investments they've made, and explained how the lessons from those decisions still apply today. Getty Images; Alyssa Powell/BIAmerica's ridiculous hiring hurdleFewer American men than ever are working right now, and unemployment insurance may be at least partially to blame. Getty Images; Alyssa Powell/BIA better way to sell homesFixed-rate mortgages guarantee homeowners will pay the same amount each month for decades.

Persons: —, You'll, Kitty, Flopsy, Jenny Chang, Rodriguez, Andrej Sokolow, Carter Smith, Alyssa Powell, Amazon, Rob Arnott, Bob Elliott, Andrea Mac Organizations: Service, Business, Google, Getty, Bloomberg Locations: Denmark, America

☆ The Kremlin is accused of waging a 'shadow war' against the West with incidents of Russian sabotage on the rise
▼ + stars: | 2024-05-31 | by ( Daniel Kochis | ) www.businessinsider.com time to read: +7 min

If true, the loss of a Polish shopping center by means of Russian arson would be shocking on its own. As NATO advances toward the July summit, it's become clear that more comprehensive discussions on addressing the Russian sabotage campaign must take place. Some of the earliest identified acts of Russian sabotage occurred in 2014 at ammunition depots in the Czech Republic killing two and causing $42.5 million in damage. Bulgaria has played a crucial role in supplying ammunition and shells to Ukrainian forces, especially in the early stages of the war. Matthias Merz/picture alliance via Getty ImagesWeapons and training facilities aiding Ukrainian forces are frequent targets.

Persons: —, Donald Tusk, MAXIM SHEMETOV, Kaja Kallas, it's, Hannah Beier, Ozempic, Abrams, Matthias Merz, Russia, John MacDougall, Daniel Kochis Organizations: Service, Business, Reuters Estonia's, West, NATO, Scranton Army, BAE Systems, Denmark's Novo Nordisk, BAE, US Army, Getty Images, Energy, NATO Pipeline System, Deutsche Bahn, Investigators, DB, Getty, Kremlin, Ukraine, Center, Hudson Institute, United Locations: Polish, Poland, Wroclaw, Lithuania, Russia, Moscow, Russian, Estonia, Czech Republic, Vrbětice, Bulgaria, Scranton, Pennsylvania, United Kingdom, Ukrainian, Ukraine, Norwegian, Baltic, Bellheim, Germany, Czech, Europe, Berlin, France, Washington, Eurasia, United States, NATO

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ Denmark Made Home Buying Easier. America Should Follow Its Lead.
▼ + stars: | 2024-05-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

When mortgage rates shoot up, as they did over the past two years, many would-be sellers decide they don't want to move after all. AdvertisementAs the Federal Reserve began pushing up borrowing rates in the spring of 2022, hoping to reel in rising inflation, mortgage rates went vertical. So far, this system of pooling together mortgage bonds and selling them to investors is pretty close to the American way of doing things. When US homeowners pay off their mortgages, they have only one option: pony up the amount left on the loan. That's not just good for buyers or sellers or mortgage loan officers — it's good for everyone.

Persons: It's, John Campbell, Danes, Freddie Mac, that's, Will Doerner, —, aren't, pesky, Campbell, Fannie Mae, Banks, Jesper Berg, there's, That's Organizations: Harvard, Federal Reserve, Federal Housing Finance Agency, Homeowners, Danish Financial Supervisory Authority Locations: America, …, Denmark, Zillow, Canada, Australia, Danish

☆ Denmark's Orsted wins $680 million JPMorgan backing for U.S. solar and battery projects
▼ + stars: | 2024-05-23 | by ( Pippa Stevens | ) www.cnbc.com time to read: +2 min

Aerial view of Eleven Mile Solar in Coolidge, Az. Put simply, large financial institutions provide part of the financing for a renewable energy project, in exchange for the project's tax credits. Smaller developers don't always have the means to enter into these partnerships, and the appetite from large financial institutions to take stakes in renewable energy projects is limited. That's "[s]till far short of what is needed in the post-IRA clean energy investment landscape," the investment bank Evercore ISI noted. Aerial view of Eleven Mile Solar in Coolidge, Az.

Persons: Az, Van Applegate, Orsted, Biden, —, Applegate Organizations: JPMorgan, U.S, Orsted's, IRA, American Council, Renewable Energy Locations: Coolidge, U.S, Coolidge , Arizona, Mineral , Texas, Nextracker

☆ The world's happiest countries are targeting net-negative emissions — despite a growing 'greenlash'
▼ + stars: | 2024-05-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

It is aiming to be the first high-income country to reach net zero emissions in 2035 and net negative by 2040. Denmark, which the World Happiness Report recognized as the world's second-happiest country, is targeting net zero by 2045 — and net negative by 2050. Thierry Monasse | Getty Images News | Getty ImagesDanish Climate Minister Lars Aagaard said the need for negative emissions was clear. He added that Denmark's ability to achieve net negative emissions would hinge upon policies implemented over the next five to seven years. Sopa Images | Lightrocket | Getty Images

Persons: Sergei Gapon, Thierry Monasse, Lars Aagaard, Denmark's Aagaard, —, Stefano Guidi, Donald Trump, Joe Biden, Trump, Biden, Kai Mykkänen, Mykkänen, Moscow … Organizations: Afp, Getty, Atlantic ., Agriculture Ministers, CNBC, Lars Aagaard Danish Climate, United Arab Emirates, Union, Nationalist, Former U.S, Finnish Climate Locations: Copenhagen, Denmark, Atlantic, Atlantic . Finland, Finland, Brussels, Belgium, Lars Aagaard Danish, Panama, Europe, Germany, France, Turin, Italy, U.S, November's, Paris, Finnish, Helsinki, Montreal, Beijing, Moscow, of Finland, Neva Guba

☆ Crewless cargo? Autonomous shipping aims to overcome safety, trust concerns to reach mainstream
▼ + stars: | 2024-04-29 | by ( Jonathan Keane | ) www.cnbc.com time to read: +5 min

The voyage was a test of an autonomous ship under AUTOSHIP, an EU-funded program to develop new technologies for navigating large vessels. The consortium brought together entities from academia and industry, including Kongsberg Maritime, the Norwegian giant that has been conducting deep research and development (R&D) on autonomous shipping. The trip marked a pivotal advancement in developing autonomous technology for shipping, which still faces many hurdles before it is ready for primetime. "Uniquely for autonomous technology, the hazards are hidden for the mariner by the sea. "Learning via mistake in a cargo ship environment can be costly, it can be dangerous," said J.C. Renshaw, head of supply chain consulting at Savills North America.

Persons: Markus Laurinen, Laurinen, Ville, SHI, Denmark's DNV, Leo McLeman, McLeman, J.C, Renshaw Organizations: Kongsberg Maritime, CNBC, Kongsberg Maritime's VP, Korea's Samsung Heavy Industry, Samsung, International Maritime Organization, Hydrographic Office, Savills Locations: Norway, EU, Norwegian, Kongsberg, America, Africa

☆ Fire engulfs Denmark’s historic stock exchange building, iconic spire collapses
▼ + stars: | 2024-04-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The tower of the historic Boersen stock exchange collapses as the building is on fire in central Copenhagen, Denmark on April 16, 2024. A fire broke out on Tuesday at Denmark's 400-year-old historic stock exchange building, engulfing its iconic dragon-tail spire which collapsed onto the roof. Videos and images from the scene on Tuesday morning showed a violent fire engulfing the stock exchange building, or Boersen, which had been undergoing renovation work. "Terrible pictures from the Stock Exchange. "An iconic building that means a lot to all of us, I think."

Persons: Troels Lund Poulsen, Poulsen Organizations: Reuters, Notre, Dame Cathedral, Denmark's, Stock Exchange Locations: Copenhagen, Denmark, Paris

☆ Faulty missile launcher closes busy Danish sea lane
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +1 min

An activated but faulty missile launcher on a Danish navy vessel triggered a closure of airspace and shipping traffic in the Great Belt strait on Thursday, the Danish armed forces said. Denmark's National Maritime Authority had earlier warned ships not to sail through the Great Belt strait, one of the world's busiest sea lanes and the main maritime access to the Baltic Sea, due to the risk of "falling missile fragments". "The problem occurred during a mandatory test where the missile launcher is activated and cannot be deactivated," the military said in a statement. "Until the missile launcher is deactivated, there is a risk that the missile can fire and fly a few kilometres away," the military added. The warning covered an area some four kilometres (2.5 miles)south of the Great Belt bridge, which crosses the strait.

Persons: Iver Huitfeldt Organizations: Royal Danish Navy, Naval Base, Maritime Authority Locations: Korsoer, Denmark, Danish, Baltic

☆ Novo Nordisk strikes deal worth up to $1.1 billion to expand cardio business
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +1 min

A view of the logo of Novo Nordisk at the company's office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Denmark's Novo Nordisk said on Monday it had agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.1 billion) to strengthen its cardiovascular pipeline. The deal is in line with Novo's aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments. The Danish company has rocketed to become one of the world's most valuable companies on the back of its hugely popular weight-loss treatment Wegovy. The deal includes Cardior's lead compound CDR132L, currently in intermediate Phase II clinical trials for the treatment of heart failure, Novo said.

Persons: Novo, CDR132L Organizations: Novo Nordisk, Denmark's, Nordisk, Cardior Pharmaceuticals Locations: Bagsvaerd, Copenhagen, Denmark, Danish, Novo

☆ High maintenance 'prima donna' F-16 jets will be hard work for Ukraine, former US Marine pilot says
▼ + stars: | 2024-03-23 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Ukraine is due to receive much-anticipated F-16 fighter jets from its Western allies. He said the jets are much more "high maintenance" than the Soviet-era aircraft Ukraine is used to. AdvertisementAs Ukraine awaits the long-anticipated delivery of F-16 jets from its Western allies, experts warn that it may face challenges operating the "high maintenance" aircraft. AdvertisementYuriy Ihnat, a spokesperson for the Ukrainian Air Force, told Politico that some changes would be needed for Ukraine to operate the F-16 Fighting Falcons. AdvertisementA cohort of Ukrainian pilots began training on the F-16 in Denmarks's Skrydstrup Air Base last August, Reuters reported.

Persons: —, Tom Richter, Yuriy Ihnat, Lockheed Martin, Troels Lund Poulsen Organizations: Marine, Service, US Marine, National Guard, Politico, Ukrainian Air Force, Fighting Falcons, Falcons, US Air Force, Lockheed, Air Force's, US, Air Base, Reuters, New York Times, Ukrainian, Royal Air Force, French Air Force, The Times, Nokia, Times Locations: Ukraine, Soviet, Denmark, Netherlands, Ukrainian, Kyiv, Russian

☆ Weight loss drugs like Ozempic and Wegovy are fattening up Denmark's economy and helped it dodge a recession last year
▼ + stars: | 2024-03-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Danish pharma giant Novo Nordisk makes both Ozempic and Wegovy. The novel drugs are also boosting pharma stocks — and Denmark's economy. Advertisement"The pharmaceutical industry has been the main driving force in the Danish economy in both the fourth quarter and for the whole of 2023," the agency said. Genmab, Zealand Pharma, and H. Lundbeck are among the other big Danish pharma firms. AdvertisementSuch businesses were a rare bright spot for Denmark's economy last year because they invested in infrastructure, created jobs, and boosted manufacturing, according to Danske Bank's chief economist Las Olsen.

Persons: —, it's, Las Olsen, Olsen Organizations: Danish pharma, Novo Nordisk, Service, Nordisk, Zealand Pharma Locations: Denmark, Danish, Copenhagen

☆ Lego revenue grows 2% in 2023, as CEO hails 'very, very strong' U.S. progress
▼ + stars: | 2024-03-12 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Lego said its 2023 revenue was 2% higher compared to the previous year, growing to 65.9 billion Danish krone (around $9.65 billion). "It was a difficult year," Lego CEO Niels Christiansen told CNBC. The Danish toymaker said operating profit declined slightly from 17.9 billion Danish krone to 17.1 billion, noting that it had boosted spending on strategic initiatives designed to drive growth. Net profit came in at 13.1 billion Danish krone in 2023, compared to 13.8 billion the previous year. Toy company Hasbro earlier this month said its 2023 revenue fell by 15% compared to 2022 and that it expected to see a further decline this year.

Persons: Lego, Niels Christiansen, toymaker Organizations: CNBC, Toy, Hasbro Locations: China, U.S, Europe

☆ The dominance of the US economy and the stock market in 4 charts
▼ + stars: | 2024-03-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The US economy has grown dramatically and powered its stock market in recent decades. "The longer-term rise in the relative size of the US equity market has reflected the dominance of the US economy," strategists wrote. Similarly, the prolonged increase in the US markets' relative total size reflects the dominance of the US economy, according to Goldman Sachs. Goldman SachsThe growth factorThe strength of the American stock market can be traced largely to its high volume of growth names. AdvertisementThe US stock market has more exposure to fast-growing companies than other countries.

Persons: Goldman Sachs, —, it's, Peter Oppenheimer, Goldman Organizations: Service, Federal Reserve, Exxon, Mobil, Ford, General Electric, IBM, Novo Nordisk Locations: Switzerland, Denmark, Novo, Danish

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