Novo Nordisk to Cut 9,000 Jobs as Competition from Eli Lilly Squeezes Sales
Danish drugmaker behind Ozempic and Wegovy announces about 11% workforce reduction and a third profit warning as rivals gain ground
Business & Markets News
Klarna Shares Jump 30% on New York IPO Opening
Buy-now-pay-later firm lists at $40 and opens at $52, valuing it above £14 billion despite remaining below its 2021 peak
Mervyn King says Britain is less able to cope with a financial crisis than in 2008
Former Bank of England governor warns higher borrowing costs and an increased debt burden leave the UK vulnerable if markets turn
MSD scraps £1bn UK expansion, shifts life sciences research to US
Company cites insufficient UK investment and undervaluation of medicines; more than 100 jobs to be cut as government defends science funding
Gold Nears Record as Traders Price in Federal Reserve Rate Cut
Producer prices unexpectedly fell and the dollar weakened, sending bullion to roughly $3,650 an ounce as investors and central banks pile into safe‑haven assets
Alpine ‘Chateau de la Roche’ sells for $17.7 million, New Jersey’s priciest home deal in three years
Versailles-style, 25,700-square-foot estate in gated Rio Vista enclave closes after price reductions; buyer’s identity not disclosed
Planned London Weekend Bus Strike Largely Called Off After Pay Deal
Majority of Unite members at London United accept offer; talks with London Transit continue while some routes remain at risk of disruption
Money.com highlights New York Life as top whole‑life insurer in sponsored recommendation
Publisher cites mutual structure, dividend eligibility and age limits up to 90 while disclosing advertiser relationships and licensing for applications
Klarna valued at $19 billion after U.S. IPO debut
Shares surge 30% on first day of trading as Swedish buy‑now, pay‑later firm raises $1.37 billion amid renewed appetite for tech listings