Danish drugmaker Novo Nordisk A/S (CPH: NOVO-B) lost more than 10% last week after its US rival Eli Lilly & Co (NYSE: LLY) reported encouraging Phase 3 data for its oral weight-loss treatment. Lilly’s orforglipron demonstrated “statistically significant efficacy results and a safety profile consistent with injectable GLP-1 medicines” in the…

Swiss pharmaceutical giant Roche unveiled ambitious plans on Tuesday for a substantial $50 billion investment in the United States over the coming five years. This significant commitment represents one of the largest recent inward investment declarations by a multinational corporation navigating the complexities of current US trade policies, including tariffs…

Shares of metal companies rose up to 2% on Monday, tracking gains in broader markets, after the Indian government imposed a 12% safeguard duty on certain steel imports. The decision, aimed at curbing the influx of cheaper steel from countries like China, came into effect immediately and will remain in…

European financial markets returned from the extended Easter weekend to a climate of apprehension on Tuesday, opening lower as simmering worries about global trade tensions and US economic policy uncertainty cast a shadow over investor sentiment.The pan-European Stoxx 600 index reflected the cautious mood, shedding 0.5% by 8:27 a.m. London…

President Donald Trump’s sustained public criticism of Federal Reserve Chair Jerome Powell, stemming from the central bank’s current stance against further interest rate cuts, has sent ripples of unease through financial markets. The escalating rhetoric has fueled investor fears that the President might take the unprecedented step of attempting to…

India’s benchmark equity indices, the Nifty 50 and Sensex, continued their upward march for a sixth consecutive session on Tuesday, April 22, though the day’s gains were notably more subdued compared to the robust advances seen earlier in the winning streak. Underlying market sentiment remained positive, however, driven by sector-specific…

As Beijing halts deliveries of Boeing’s US-made aircraft in response to new tariffs, Asian airlines are sensing an opportunity to expand their fleets, looking to snap up the planes being rejected by China. According to Bloomberg, Air India Ltd. is seeking to secure Boeing Co. aircraft initially designated for Chinese…

Home Plate BBQ, an American-style restaurant located in Beijing, is currently undertaking a revision of its menus as the US-China trade dispute has resulted in the unavailability of American beef, a previously prominent ingredient, Reuters reported on Tuesday.Home Plate is increasingly sourcing its beef from Australia, whereas previously it solely…