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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TikTok Seals Deal to Operate in the US After Years of Drama

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Paramount Extends Tender Offer for Warner Bros. Shares

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22 Jan 19min

Schwab’s Trading Volume Swells at End of Strong Year for Markets

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Netflix Amends Warner Bros. Deal to All Cash in Bidding War

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