Author: News Room
Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and revenue on Wednesday that comfortably beat Wall Street expectations. But the drugmaker said it expected sales growth to slow in 2025, as competition increases.Novo Nordisk retains its title as Europe’s most valuable company, but its share price has dropped about 40 percent since it peaked last June as analysts worried about uncertainty in demand for obesity drugs and the performance of new drugs in trials.“Last year was a tale of two halves,” said Emily Field, an analyst at Barclays. The first…
As the five-year anniversary approaches of the World Health Organization’s declaration of the coronavirus pandemic, The New York Times is interested in exploring the extent to which life has changed. (We also want to hear from you if you have lost someone to Covid or another cause of death in the last five years.)Have your daily routines changed? Do you make different decisions regarding your relationships? Has Covid changed your overall outlook, or did it for an extended period of time? Do you think of your life as having a prepandemic dividing line? When did your life start to feel…
The U.S. trade deficit in goods hit a record last year, as American consumers snapped up imported products and a strong U.S. dollar weighed on export growth.Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to $4.1 trillion, as Americans bought plenty of weight-loss drugs, auto parts, computers and food from other countries.Overall U.S. exports to the world grew to $3.19 trillion in 2024, up 3.9 percent from the previous year, as the United States sold chips, computers, aircraft and business services to the world, but fewer cars and car…
El Aga Khan IV, quien como líder de los musulmanes ismaelitas del mundo fusionó el espíritu empresarial y la filantropía para convertirse en uno de los gobernantes hereditarios más ricos del mundo, murió el martes en Lisboa. Tenía 88 años.Su muerte fue confirmada por su Red de Desarrollo Aga Khan en una publicación en X, la red social. No se indicó la causa del deceso.Sofisticado, cosmopolita y a menudo reacio ante los medios de comunicación, el Aga Khan —nacido como el príncipe Karim al Hussaini— rechazaba la idea de que la expansión de su fortuna personal entrara en conflicto con…
President Trump’s proposal that the United States should take control of Gaza and turn it into the “Riviera of the Middle East” drew widespread criticism, including from allies. But it also underscored the expanse of his geopolitical and economic aims, especially after his comments about Greenland and Canada. What will serve as checks on his ambitions?We also point out how China’s reported deliberations about investigating Apple show the potential costs of Trump’s tariff fight. And we dive into more efforts by the Trump administration to say there are limits on Elon Musk’s government work.The Apple factor in the trade fightThe…
Nissan Motor and Honda Motor have hit a standstill negotiating the terms of a merger, announced less than two months ago, that would have created one of the world’s largest auto groups.Before their disclosure in late December that they were exploring combining operations, Nissan and Honda had discussed operating as partners under a holding company.More recently, Honda pushed for a structure that would give it a bigger say in the holding company and proposed that Nissan become its subsidiary — a plan that Nissan rejected, said two people familiar with the matter who spoke on condition of anonymity because the…
You might even call it a Disney renaissance.After a period of turmoil — culture war spats, whipsawing operating strategies, layoffs, proxy campaigns by activist investors for board seats and strikes in Hollywood, to name just a few of the challenges — Disney has returned to its stable, steamrolling self. Robert A. Iger, the chief executive, on Wednesday announced a 44 percent increase in per-share quarterly profit compared with a year earlier, as blockbusters like “Moana 2” and improved streaming financials offset lower ESPN and theme park results.This is part of the reason that old-line entertainment conglomerates like Disney have different…
To my right, two 70-something regulars at the Exhibition pub in York, England, peppered me with questions on American politics, taught me how to recognize a fresh pint of beer (it should leave a path of foam on the glass) and invited me next door for a curry at their favorite Indian restaurant.To my left, a middle-aged couple visiting from Manchester recommended the pub’s burger and identified the gaggle of college-age men in vintage golf attire — replete with tams and argyle prints — as playing “pub golf,” a drinking contest that involves hitting 18 pubs.This easy camaraderie was the…
Pernell Cezar’s coffee company, BLK & Bold, was operating out of the back of a brewery with three employees when he got his big break: an audience with a buyer at a Target Black History Month expo. By January 2020, bags of his Rise & GRND roast were on Target shelves.That was five months before the killing of George Floyd in Minneapolis incited nationwide protests for racial justice that reverberated throughout corporate America. Suddenly, big retailers were creating programs to help small businesses — and especially Black-owned businesses — get their foot in the door.In 2021, Amazon started its Black…
El Aga Khan IV, quien como líder de los musulmanes ismaelitas del mundo fusionó el espíritu empresarial y la filantropía para convertirse en uno de los gobernantes hereditarios más ricos del mundo, murió el martes en Lisboa. Tenía 88 años.Su muerte fue confirmada por su Red de Desarrollo Aga Khan en una publicación en X, la red social. No se indicó la causa del deceso.Sofisticado, cosmopolita y a menudo reacio ante los medios de comunicación, el Aga Khan —nacido como el príncipe Karim al Hussaini— rechazaba la idea de que la expansión de su fortuna personal entrara en conflicto con…