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Jared Holxz, Mizuho, joins 'Fast Money' to talk competition in the obesity drug space.
Novo Nordisk said on Monday the European drugs regulator has adopted a positive opinion for an update of the Ozempic label to include peripheral artery disease.
Bagsværd, Denmark, 23 June 2025 – Novo Nordisk today announced that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion for an update of the Ozempic® (once-weekly semaglutide) label to reflect the positive data from the STRIDE peripheral artery disease (PAD) functional outcomes trial.
Shares of Novo Nordisk (NVO -6.06%) are tumbling on Monday, down 5.6% as of 2:11 p.m. ET. The drop comes as the S&P 500 (^GSPC 0.63%) and the Nasdaq Composite (^IXIC 0.77%) both jumped 0.7%.
The Danish maker of obesity drugs abruptly ended a Wegovy distribution deal with the telehealth firm, citing allegations about Hims' compounding and deceptive marketing practices.
Novo Nordisk's Mim8 shows strong safety and patient preference in the phase IIIb hemophilia A study switching from Hemlibra to Mim8.
Shares of Hims & Hers Health (NYSE:HIMS) fell around 30% on Monday after Novo Nordisk (NYSE:NVO) terminated its collaboration with the telehealth company, citing violations related to compounding and marketing of the weight-loss drug Wegovy. Novo said it ended Hims & Hers' access to the FDA-approved treatment through its NovoCare platform, alleging that the company engaged in illegal mass compounding and deceptive marketing.
CNBC's Angelica Peebles joins 'Squawk on the Street' with the latest details on the pharmaceutical space.
Live Updates Live Coverage Updates appear automatically as they are published. Interest Rate Tailwind 10:30 am by Gerelyn Terzo In a week heavy with Fed speakers making the rounds, Federal Reserve Governor Michelle Bowman would support an interest rate cut at next month’s FOMC meeting with the caveat that inflation continues to cool in the economy. Bowman said in prepared statements, “Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market.” Last week, Governor Christopher Waller reportedly shared a similar point of view. The SPY ETF is now up 0.54%. This article will be updated throughout the day, so check back often for more daily updates. The markets have turned decidedly higher in mid-morning trading, with all three of the major stock market averages seeing green. The U.S. has targeted Iranian nuclear sites, while the M
Live Updates Live Coverage Updates appear automatically as they are published. Oil Price 10:00 am by Gerelyn Terzo President Trump in a post on Truth Social has urged the world to keep oil prices lower or risk playing into the “hands of the enemy.” Meanwhile, Goldman Sachs has published a report saying the oil price could rise even further amid the threat of the closure of the Strait of Hormuz. The price of WTI oil is now hovering at $73.58. The Nasdaq Composite is up 0.34%. This article will be updated throughout the day, so check back often for more daily updates. The markets are in wait and see mode. The U.S. destroyed Iranian nuclear sites, raising the likelihood that the Middle Eastern nation is set to target key energy assets or move to close the Strait of Hormuz. The price of Brent oil soared to almost $80 per barrel, a level it hasn’t seen in months amid the escalating Middle East conflict. The U.S. dollar is increasing against other currencies on Monday. Big