Novo Falls by Record After Wegovy Maker Slashes Forecast, Names New CEO

Novo Falls by Record After Wegovy Maker Slashes Forecast, Names New CEO

Watch Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Isabelle Lee

-Michael Shah, Bloomberg Intelligence Senior Pharma-Biotech Analyst, discusses Novo Nordisk shares falling by a record. The company named Maziar Mike Doustdar as chief executive officer after a profit warning due to slumping weight-loss drug sales.

-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, discusses Union Pacific agreeing to acquire Norfolk Southern in a $72 billion cash-and-stock transaction, forming the only US transcontinental railroad.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses earnings from Boeing and JetBlue. Boeing almost halted its cash burn in the second quarter, generating cash from operations for the first time since 2023 and consuming just $200 million in free cash flow. JetBlue Airways shares climbed after the carrier posted a smaller-than-expected loss in the second quarter as demand rebounded and efforts to turn around the struggling carrier gained traction.

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Air Canada CEO Quits After Furor Over Crash Condolence Video

Air Canada CEO Quits After Furor Over Crash Condolence Video

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Carnival Cuts Profit Outlook as Iran War Pushes Up Fuel Cost

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Merck to Acquire Terns Pharmaceuticals in $6.7 Billion Deal

Merck to Acquire Terns Pharmaceuticals in $6.7 Billion Deal

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Oil Dives as Trump Backs Off Iran Threats

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Instant Reaction: Stocks Surge After Trump Statement

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Stocks and bonds rebounded after President Donald Trump said the US and Iran had “very good” conversations about an end to the conflict in the Middle East. President rump said strikes against Iranian...

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FedEx Raises Profit Outlook on Network Overhaul

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