Justin Emerson
News Writer
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Novo Nordisk doesn't disappoint
The Danish laboratory anticipates another year of robust double-digit growth in sales and operating profit, while beginning to ease restrictions on the supply of its popular weight loss drug, Wegovy. Initial trading after the publication was positive.
January 31, 2024 at 09:18 pm IST
Microchip sinks STMicroelectronics
The semiconductor sector is struggling, following poor signals from Samsung Electronics and Microchip. These announcements come at a time when research consultancies were generally of the opinion that the bottom of the cycle had been, or was about to be, passed.
January 09, 2024 at 08:38 pm IST
Bond ETFs are on a roll!
Bond exchange-traded funds (ETFs) have recorded an inflow of $300 billion in 2023, a new annual record, according to BlackRock, the world's largest ETF provider. Bonds are back in favor with investors after achieving their best performance in decades.
January 03, 2024 at 08:19 pm IST
The fall of Farfetch
European luxury goods companies, from LVMH to Kering, have been affected by the slowdown in the post-pandemic shopping frenzy, but none more so than e-commerce pioneer Farfetch. The company is worth less than $250 million on the New York Stock Exchange, where it is listed.
December 14, 2023 at 03:28 pm IST
Charter Communications has a hidden agenda
The ever-folkloric Warren Buffett had a good word for managing a problem company: when you find a cockroach in the kitchen, remember that it's rarely alone, and that its little fellows are probably swarming behind the furniture.
December 06, 2023 at 08:14 pm IST
Obesity: Roche joins the battle
On December 4, 2023, Roche announced its intention to acquire Carmot Therapeutics, a US company based in California. Last rumored, Carmot Therapeutics was considering an IPO, but the Swiss pharmaceutical giant was clearly more convincing to the biotech's backers.
December 04, 2023 at 09:18 pm IST
Victoria's Secret & Co: Still no signs of a turnaround
Go woke go broke? After its inclusive marketing strategy failed to deliver commercial results, the brand is going back to basics, relying once again on supermodel shows and the sultry imagery that once made it a success.
November 30, 2023 at 08:16 pm IST
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