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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Trump  Moves to Have Tech Giants Pay for Surging Power Costs

Trump Moves to Have Tech Giants Pay for Surging Power Costs

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NYC Sues Delivery App Over Lost Pay in Mamdani Crackdown

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Netflix Weighs Amending Warner Bros. Bid to Make It All Cash

Netflix Weighs Amending Warner Bros. Bid to Make It All Cash

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JPMorgan Investment-Banking Fees Drop on Underwriting Miss

JPMorgan Investment-Banking Fees Drop on Underwriting Miss

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Capital One, Amex Shares Sink on Trump’s Credit-Card Threat

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Meta Signs Multi-Gigawatt Nuclear Deals for AI Data Centers

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Trump Demands More Defense Spending But Threatens Biggest Firms

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