Novo Nordisk shares plummeted 16% on Monday after its experimental obesity treatment, CagriSema, failed to outperform Eli Lilly’s rival drug Zepbound in a critical head-to-head clinical trial. The Danish pharmaceutical giant reported that CagriSema missed its primary goal of demonstrating noninferior weight loss, dealing a significant blow to the company's efforts to reclaim dominance in the global weight-loss market.
Samsung Electro-Mechanics shares extended a three-day rally on Monday, jumping 13% to close at 426,500 won as analysts signaled a massive upside for the company’s multilayer ceramic capacitors (MLCCs) fueled by the global artificial intelligence boom.
Clean Max Enviro Energy Solutions, a renewable energy firm backed by Brookfield Asset Management, has opened orders for its $341.7 million initial public offering in India. The company, which provides power to tech giants like Amazon and Google, plans to list on both major Indian exchanges on March 2, capitalizing on a surge of equity market activity in the region.
Goldman Sachs has upwardly revised its year-end oil price forecasts, citing lower-than-anticipated inventory builds across developed economies. The bank now projects Brent crude will reach $60 a barrel in the fourth quarter, up from its previous estimate of $54, as supply disruptions and logistical shifts in sanctioned crude tighten the immediate market outlook.
U.S. stock futures and European equities edged lower in early trading as a decline in energy commodities and cautious sentiment ahead of the New York open pressured major indices.
Vinci has entered exclusive negotiations with the French government for a 35-year concession to develop and operate a new 97-kilometer motorway system designed to bypass the Greater Paris area to the west.
Pascal Daloz, CEO of Dassault Systèmes, will succeed co-founder Bernard Charlès as executive chairman after the long-time leader announced his departure for personal reasons. The transition marks a significant shift for the French software giant as it pursues an ambitious plan to double earnings through artificial intelligence and strategic acquisitions.
Rome-based energy giant Enel SpA has launched a new share repurchase program valued at up to €1 billion ($1.18 billion), marking its second major capital return initiative in less than a year. The utility announced late Sunday that it intends to acquire approximately 1.48% of its outstanding share capital by July 31.
Granite Asia has closed a $110 million artificial intelligence IPO fund exclusively for DBS Group wealth clients, marking the first major milestone of a new three-year strategic partnership. The initiative aims to provide high-net-worth investors with direct access to the next generation of AI-driven public offerings across Asia.
Standard Chartered is projected to report a 34% increase in fourth-quarter net profit on Tuesday, even as the lender navigates the sudden departure of its chief financial officer. Analysts polled by Visible Alpha estimate a net profit of $661.3 million, up from $493 million a year ago, as the bank leans on its wealth management business to counter the impact of falling interest rates.
China’s Ministry of Commerce announced on Monday it is evaluating the implications of a U.S. Supreme Court ruling that struck down Donald Trump’s global tariffs as unlawful. The ministry indicated it may deploy alternative trade measures to protect its national interests following the legal dismantling of a cornerstone of U.S. trade policy.
Singaporean officials are seeking urgent clarification from Washington after President Trump hiked the proposed global tariff to 15% on Saturday. Deputy Prime Minister Gan Kim Yong characterized the move as a "stark reminder" of an increasingly volatile trade environment, warning that the city-state faces significant hurdles in negotiating exemptions.
Malaysia’s trade ministry is analyzing the legal and economic implications of a new 10% global tariff announced by the Trump administration following a U.S. Supreme Court ruling against previous trade measures. Trade Minister Johari Abdul Ghani confirmed Saturday that the government is seeking clarity on how these unilateral actions will affect the $94.03 billion bilateral trade relationship.
Australian miner Greatland Resources reported a surge in first-half net profit to A$342.9 million, driven by the strategic integration of the Telfer gold and copper mine. The result marks a nearly tenfold increase from the previous year, reflecting the company's rapid transition into a major producer following its heavy-weight acquisition from Newmont.
New Zealand’s retail sector maintained its upward trajectory in the fourth quarter, with sales volumes rising 0.9% as low interest rates encouraged households to increase discretionary spending.
Vanda Pharmaceuticals has secured U.S. Food and Drug Administration (FDA) approval for Bysanti, a new treatment for schizophrenia and manic episodes associated with bipolar I disorder. The biopharmaceutical firm expects the therapy to be commercially available by the third quarter of 2024, marking a significant expansion of its psychiatric portfolio.
Shares of iPower and Savara gained ground on Monday as investors reacted to strategic supply chain shifts and a critical regulatory milestone from the Food and Drug Administration.
Skye Bioscience Chief Financial Officer Kaitlyn Arsenault resigned her position effective Feb. 20, triggering a leadership shuffle at the pharmaceutical developer. Following her departure, Chief Executive Punit Dhillon has assumed the role of principal accounting officer to maintain oversight of the company’s financial operations.
Steel Dynamics announced a 6% increase to its quarterly cash dividend on Friday, raising the payout to 53 cents per share from the previous 50 cents. The move signals continued confidence in the industrial metal producer’s cash flow and capital allocation strategy.
Hasbro has finalized a $1.1 billion senior unsecured revolving credit facility, extending its debt maturity and bolstering its long-term liquidity. The agreement, which amends the toy maker’s existing financing structure, pushes the facility's expiration date from 2028 to February 20, 2031.
Carnival Corporation is restructuring its global operations by transforming its U.K. business into a wholly-owned subsidiary of its U.S. entity, ending a dual-listed structure that previously saw the two arms trade separately.
Parex Resources, a significant shareholder in GeoPark Limited, has nominated six independent directors to the company's board following a failed acquisition attempt last year. The move, announced Friday, aims to force a comprehensive review of strategic options to enhance shareholder value.
Industrial and transportation stocks climbed as investors balanced a landmark Supreme Court ruling against the administration’s trade policy with fresh economic data. Despite a 6-3 ruling declaring global tariffs illegal, a White House pledge to pursue a revised tariff framework helped stabilize market sentiment across the sector.
Energy shares and oil futures retreated on Friday as the White House signaled a potential shift toward targeted military action in the Middle East. Despite the slight pullback, crude prices maintained their positions near six-month highs while investors gauged whether the U.S. buildup constitutes a genuine tactical threat or strategic brinksmanship.
Raw materials producers saw marginal gains as surging gold prices, driven by geopolitical instability and trade policy shifts, countered a series of disappointing corporate earnings and significant asset writedowns across the mining and chemical sectors.
Healthcare companies saw a decline in trading as investors rotated capital into cyclical sectors, moving away from the defensive positions that previously served as a hedge against market volatility.
Financial shares fluctuated in volatile trading as Wall Street grapples with a private credit squeeze, highlighted by Blue Owl Capital’s decision to liquidate $1.4 billion in assets to satisfy investor redemptions. The move follows growing concern that private lenders are over-exposed to software firms currently facing disruption from generative artificial intelligence.
Consumer goods companies saw a significant lift in trading after the Supreme Court struck down Trump-era tariffs as illegal, easing pressure on major importers like Amazon. The ruling coincides with new Federal Reserve data showing a 3% annual rise in core consumer prices, alongside strong earnings reports from European giants Danone and Moncler.
Technology shares climbed on Friday as investors rotated back into the sector following a volatile start to the year. The shift comes as industry heavyweights like Alphabet ramp up efforts to challenge Nvidia’s dominance in the high-stakes artificial intelligence hardware market.
Shares of U.S. power producers climbed further as the rapid expansion of data centers signals a structural shift in domestic electricity consumption, extending a period of significant gains for the sector.
