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Novo Nordisk’s chunky valuation risks crash diet
  + stars: | 2023-05-04 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +4 min
LONDON, May 4 (Reuters Breakingviews) - Novo Nordisk’s (NOVOb.CO) weighty valuation could be headed for a crash diet. This lofty position is thanks to its domination of the obesity market via its Wegovy drug. Obesity sales for Novo are still only expected to reach $12 billion by 2027, according to estimates from Visible Alpha. It also remains unclear how fast the obesity drug market will grow. Novo reported earnings before interest and taxes of 25 billion Danish crowns ($3.72 billion), above an average analyst forecast of 22.4 billion, according to a Refinitiv poll.
The loss left toothless Chelsea 11th in the Premier League table, stumbling towards possibly their worst campaign since the 1993/94 season - when they finished 14th under Glenn Hoddle - despite their new U.S. owners' huge outlay on players. The three points pushed Brentford up a spot to ninth in the league, eight points ahead of their big-spending west London neighbours for whom this season cannot finish quickly enough. Media reports said Chelsea were close to hiring former Tottenham Hotspur manager Mauricio Pochettino as coach from next season. It doesn’t come in football because the Premier League moves so fast, it’s competitive," the former midfielder who is Chelsea's all-time top scorer, said. Brentford coach Thomas Frank was able to celebrate surpassing his side's points tally for all of last season - their first in the Premier League - with Wednesday's win.
In this photo illustration, an insulin pen manufactured by the Novo Nordisk company is displayed on March 14, 2023 in Miami, Florida. Those companies — Eli Lilly, Novo Nordisk and Sanofi — had announced in March that they will slash prices of their most widely used insulin products by 70% or more. The companies' versions of insulin cost at least $275 before the announced price slashes, Sanders noted. Novo Nordisk said its CEO looks forward to "a productive and collaborative discussion about this important issue." PBMs have come under criticism for inflating drug prices and not passing on all the discounts they negotiate to consumers.
CompaniesCompanies Law Firms Conocophillips FollowApril 3 (Reuters) - A federal judge on Monday rejected a bid by environmentalists to temporarily suspend the U.S. government’s approval of ConocoPhillips' (COP.N) multibillion-dollar oil drilling project in Alaska’s Arctic. Gleason said an injunction was inappropriate because the groups wouldn't be irreparably harmed by the construction that ConocoPhillips has scheduled for this month, which includes building roads and a gravel mine. Bridget Psarianos, an attorney challenging the approval, called the planned construction schedule "aggressive" and said the judge's decision is "heartbreaking." The approvals for the project in northern Alaska give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The 30-year project would produce up to 180,000 barrels of oil per day at its peak, according to the company.
With markets increasingly volatile, BMO Capital Markets thinks investors should turn to a two-way strategy that provide returns and protection at the same time. The S & P 500 gained more than 1% last week, but it wasn't a smooth ride. Given this uncertain backdrop, BMO suggests relying on a dual-tiered approach encompassing growth at a reasonable price strategy, or "GARP," and a dividend growth barbell. The firm compiled a list of outperform-rated stocks that fit into the GARP or dividend growth themes. CF Industries and ConocoPhillips were also highlighted by BMO under their dividend growth strategy.
PayPal CFO Blake Jorgensen Steps Down
  + stars: | 2023-03-07 | by ( Sabela Ojea | ) www.wsj.com   time to read: +1 min
PayPal Holdings Inc. Chief Financial Officer Blake Jorgensen has stepped down after a few months in the role. Gabrielle Rabinovitch will remain as PayPal’s acting CFO, the company said Tuesday. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEWMr. Jorgensen, who took a medical leave of absence in September after being appointed PayPal’s CFO in August, will continue working with the digital payments giant as a senior adviser through Sept. 15, the company said. He joined PayPal to succeed John Rainey, who left the company to take the CFO role at Walmart Inc.
LONDON, March 2 (Reuters) - Europe will lose out to countries like the U.S. and Japan on new medical research, trials and treatments unless draft rules reforming the European pharmaceutical landscape change, the CEO of Danish drugmaker Novo Nordisk (NOVOb.CO) warned on Thursday. It says drugs need to reach patients more quickly and in all European nations. Novo's Lars Jorgensen lamented that without changes to the current draft, his company would be forced to research, test and bring products in its pipeline to market in the United States and elsewhere, instead of in Europe. A lose, lose, lose," he said in an interview. The Commission's current draft was leaked in Brussels last month and will likely change even before debate in the European parliament and among governments.
Mitt Romney is perhaps the most anti-Trump Republican senator and has often broken with the GOP. Romney voted to convict the former president during both of his impeachments, first on abuse of power charges in 2020 and then incitement of an insurrection in 2021. If Romney chooses to run again, he'll have to explain all of that to Republican primary voters back home. The Utah senator told Insider at the Capitol last month that he had not yet decided whether to run, but was "keeping my options open." In Washington, Romney can count on the backing of Senate Minority Leader Mitch McConnell, who told Politico that it's "important for the Republican Party and the country" that the Utah Republican seek re-election.
COPENHAGEN, Dec 15 (Reuters) - Denmark's Social Democratic Prime Minister Mette Frederiksen on Thursday appointed right-leaning political rivals as key ministers in her new reform-oriented bipartisan government. Opposition leader Jakob Ellemann-Jensen of the Liberal Party was appointed deputy prime minister and defence minister, while former prime minister and leader of the newly formed Moderates party, Lars Lokke Rasmussen, was appointed foreign minister. Nicolai Wammen of the Social Democratic Party retained his role as finance minister. Outgoing climate minister Dan Jorgensen will now head a new ministry for development cooperation and global climate policy. Reporting by Jacob Gronholt-Pedersen and Nikolaj Skydsgaard; Editing by Frank Jack Daniel and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
"Over the past year, our climate leadership has been tested in many ways," said Dan Jorgensen, acting climate and energy minister for Denmark. "We are not calling for any sudden disruption of energy supplies, but we must equally recognise that the energy crisis is driven by the dependency on fossil fuels," he said. The alliance said it will also start providing analysis and advice to developing countries on policies to move away from fossil fuel production, setting aside $10 million in funding to do so. Another alliance designed to limit fossil fuel support has struggled to expand this year. Nearly 40 countries including the United States, Canada and Germany at last year's COP26 climate summit committed to stop public financing for fossil fuel projects abroad by the end of 2022.
The main active ingredient in Ozempic is semaglutide, which is also the key ingredient in Novo's obesity drug Wegovy. Several less efficacious obesity drugs from multiple drugmakers have previously been approved, but bungled launches and serious side effects led to tepid sales and even some market withdrawals. Novo faces looming competition from Eli Lilly (LLY.N), whose weekly injection Mounjaro won U.S. approval for type 2 diabetes in May and is under fast-track review as a weight-loss drug. Amgen (AMGN.O) also has an early-stage, once-monthly obesity drug that is being keenly watched. Elon Musk, the world's richest person and now Twitter owner, has offered his own endorsement of the weight-loss benefits of semaglutide on the social media website.
Leeds United backed up their stunning win over Liverpool last week when they stormed back from 3-1 down at home to Bournemouth to win 4-3 with Crysencio Summerville again the hero with the winning goal. Haaland had missed City's last two games with an injury and was deemed fit enough only for the bench against Fulham. He was sent into the fray just past the hour mark with City, despite being a man light, pushing for the winner. Almost immediately he had a headed goal ruled out for offside after a VAR check, but neither he, nor City, would be denied. Pascal Gross's fifth goal of the season then secured the win for Brighton to move them to sixth with 21 points.
Nov 2 (Reuters) - Danish drugmaker Novo Nordisk (NOVOb.CO) raised its full-year earnings outlook on strong sales of diabetes treatment Ozempic, also reporting a better-than-expected profit. Nine-month operating profit rose 28% to 57.7 billion Danish crowns ($7.66 billion), above the 56.8 billion forecast by analysts, according to Refinitiv data. It reiterated that it expects to make all doses of weight-loss drug Wegovy, a future growth driver, available in the United States towards the end of 2022, as it seeks to overcome production problems. "The growth is driven by increasing demand for GLP-1-based diabetes treatments, especially Ozempic," CEO Lars Fruergaard Jorgensen said. Novo faces keen competition from Eli Lilly, whose monthly injection Mounjaro won U.S. approval for type 2 diabetes in May and it is under fast-track review as a potential weight-loss drug.
Kanye West, now known as Ye, is in talks to buy right-wing social media platform Parler. Ye, formerly known as Kanye West, is entering a deal to buy right-wing social-media platform Parler, which launched in 2018. Meanwhile, Trump's platform Truth Social had 8,956,693 visitors, and Gab had 12,806,464 visitors, per Similarweb's analysis. What's on the Parler app? In February, Trump launched the Truth Social social media platform 13 months after being kicked off Facebook and Twitter after the January 6 Capitol riot.
OREM, Utah — Fending off attacks from his independent challenger, Sen. Mike Lee of Utah worked to distinguish himself from former President Donald Trump in a contentious debate Monday evening. Lee faces a challenge from Evan McMullin, a former Republican known most for his long-shot bid for president six years ago, when as an independent he won 21.5% of voters in Utah, including Lee. Lee’s attempts to draw a distinction with Trump reflect the peculiar dynamics emerging in Utah this election cycle. What I think he’s trying to do is draw that contrast,’” Utah Republican Party Chair Carson Jorgensen said. Trump failed to win support from a majority of Utah voters in 2016 and Joe Biden performed better with Utah voters in 2020 than any Democrat since 1964.
European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark, infrastructure at the heart of an energy crisis since Russia’s invasion of Ukraine. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.
Danish Minster of Defense Morten Boedskov, Prime Minister Mette Frederiksen, Climate Minister Dan Joergensen and Minister of Foreign Affairs Jeppe Kofod speak to the media about the three gas leaks on the Nord Stream gas pipelines in the Baltic Sea, in Copenhagen, Denmark September 27, 2022. Scanpix 2022/Emil Helms via REUTERSCOPENHAGEN, Sept 27 (Reuters) - Leaks detected in the Nord Stream gas pipelines clearly were caused by deliberate actions and could not have been a result of accidents, Denmark's Prime Minister Mette Frederiksen said on Tuesday. It was not an accident," Mette Frederiksen said at a press briefing in Copenhagen. The leaks, first reported on Monday, were in international waters but inside Denmark's and Sweden's exclusive economic zone. Danish authorities assess that the damage was caused by blasts, Energy Minister Dan Jorgensen said at the briefing.
Security walk next to the landfall facility of the Baltic Sea gas pipeline Nord Stream 1 in Lubmin, Germany, September 19, 2022. REUTERS/Fabrizio BenschCOPENHAGEN, Sept 27 (Reuters) - Danish authorities have asked that the country's level of preparedness for the power and gas sector be raised after three leaks occurred on the Nord Stream 1 and 2 pipelines near Denmark and Sweden, Energy Minister Dan Jorgensen said on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Stine Jacobsen, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.
Security walks in front of the landfall facility of the Baltic Sea gas pipeline Nord Stream 2 in Lubmin, Germany, September 19, 2022. "Yesterday, a leak was detected on one of the two gas pipelines between Russia and Denmark - Nord Stream 2. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. 'EXTRA WATCH'"There are two leaks on Nord Stream 1 - one in Swedish economic zone and one in Danish economic zone. It said the gas leak would only affect the environment locally, which means that only the area where the gas plume in the water column is located would be affected.
Nord Stream: Mystery leaks hit Russian gas pipelines to Europe
  + stars: | 2022-09-27 | by ( ) edition.cnn.com   time to read: +4 min
Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that had prompted Denmark to restrict shipping in a five nautical mile radius. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.
An Idaho potato farm intentionally violated H-2A rules and underpaid guest workers, the DOL said. The farm even threatened to end their contracts if they didn't accept illegal wages, per the DOL. Jorgensen Management, a potato farm in Bancroft, southeast Idaho, gave workers nearly $160,000 in unpaid wages after a DOL investigation. But Jorgensen Management didn't pay guest workers for inbound transportation costs or meet housing safety and health standards, the DOL said. The farm also failed to pay the required rates to 69 domestic workers hired alongside H-2A visa workers, per the DOL.
So how are politicians spending election night in the time of coronavirus? Others will be drinking beer and flipping channels between old movies and election results. That announcement helped kickstart a 36-day saga that finally ended with Bush winning the presidential election. There, she's having an election night party that's being live-streamed. "It's the ultimate easy comfort food for an election night that will be filled with a lot of anxiety early on, and hopefully a lot of joy later on."
(foto) „Nu a fost alegerea mea să fiu sărutată…” Cele mai importante șapte săruturi din istorieDeși piesa spune că un sărut nu este întotdeauna doar un sărut, acesta poate fi politic sau poate avea un impact social puternic. Un sărut poate deveni iconic atunci când este într-un film sau chiar dacă sărutul în sine a fost nedorit. De ziua mondială a sărutului, v-am pregătit mai jos o listă care conține șapte dintre cele mai importante săruturi din istorie. Zimmer însăși a spus într-un interviu oferit Bibliotecii Congresului în 2005: „Nu a fost alegerea mea să fiu sărutată… tipul tocmai a venit și m-a sărutat!”. Sărutul a avut loc când Brejnev a vizitat Berlinul de Est pentru a sărbători cea de-a 30-a aniversare a Republicii Democrate Germane (adică Germania de Est).
Persons: Vaughn Bryant, - lea, Iuda, Matei, Marcu, Iisus, Al Pacino, May Irwin, John C . Rice, May Irwin kiss, Brown, Filmulețul, William Selig, Zimmer, George Mendonsa, Greta, Alfred Eisenstaedt, Victor Jorgensen, Eisenstaed, William Shatner, Nichelle Nichols, Leonid Brejnev, Erich Honecker, Brejnev, Dmitri Vrubel Organizations: University, Times Square, Congresului Locations: Texas, Kiss, Chicago, Japoniei, Manhattan, Japonia, Al, Statelor Unite, Uniunii Sovietice, Berlinul, Est, Republicii Democrate, Germania de Est
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