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Novo Nordisk CEO Lars Fruergaard Jorgensen will step down amidst growing concerns about the company's competitive position in the obesity drug market. Increased competition from Eli Lilly, particularly with Zepbound surpassing Wegovy prescriptions in the U.S., and investor disappointment with Novo Nordisk's drug pipeline have contributed to a significant share price decline.
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Nissan announced this week that it would lay off another 11,000 workers and shut seven factories.
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News and Media
House Republicans have been talking for months about potentially slashing Medicaid, but this week they unveiled, for the first time, language of a bill outlining exactly how they plan to do that.
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News and Media
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