Novo Nordisk cut prices for its diabetes and weight-loss injections Ozempic and Wegovy in India on Tuesday, marking a second reduction aimed at countering cheaper local generics. The company lowered list prices by up to 36% for Ozempic and up to 48% for Wegovy, with the move following the March 20 expiry of India’s patent
US stocks rose on Tuesday, as investors responded positively to signs of potential de-escalation in the Middle East conflict, even as oil prices remained elevated and broader market risks persisted. The Dow Jones Industrial Average climbed 380 points or 0.8%, while the S&P 500 and Nasdaq 100 also advanced more than 1%. The gains followed
As Dow Jones slides into the “correction territory” and the benchmark S&P 500 index logs its fifth consecutive week of losses, investors are increasingly desperate for a port in the storm. According to Barclays’ senior analyst Andrew Ferremi, the market has shifted into a new, volatile era where geopolitical tensions, oil price spikes, and AI-driven
US megacap technology stocks, long the driving force behind a bull run spanning more than three years, are undergoing a sharp valuation reset as a mix of geopolitical tensions, rising yields, and questions around artificial intelligence spending weigh on sentiment. The pullback has intensified in recent weeks, with the sector already under pressure before the
Marvell Technology Inc (NASDAQ: MRVL) is inching higher after Nvidia announced a [MONEY value="2000000000" currency="usd" notation="long" replace="false"] direct investment and a strategic partnership with the custom chips specialist. MRVL pushed past its 20-day moving average (MA) today as investors reacted to this monumental vote of confidence that will see NVDA integrate the firm’s tech into
US banks are raising borrowing costs for some loans to private credit funds amid growing concerns over valuations, a shift that could pressure returns and curb new lending, according to a Reuters report. The higher pricing is showing up in back leverage facilities tied to business development companies, or BDCs, reversing a period of compressing
Global fertiliser and ammonia markets are bracing for intense pressure following the effective closure of the Strait of Hormuz, as diplomatic negotiations between the US and Iran remain deadlocked. According to Rystad Energy’s trade mapping, a potential closure could impact the trade of 15% of the world’s ammonia and 21% of urea, a type of
Gold and silver surged on Tuesday as safe-haven demand picked up, benefiting the precious metals. However, gold fell 13% in March, and was headed for its steepest monthly decline since 2008. The decline was exacerbated by rising energy prices, which raised concerns about higher inflation and elevated interest rates. In contrast, Brent crude oil was
US labour market data pointed to a cooling in demand for workers in February, even as consumer confidence showed unexpected resilience ahead of escalating geopolitical tensions linked to the Iran conflict. Figures released by the Bureau of Labor Statistics showed that job openings fell to 6.88 million in February from a revised 7.24 million in
US stocks opened higher on Monday, rebounding after sharp losses in the previous session, as investors reacted to fresh developments in the Middle East conflict and comments from Donald Trump on ongoing negotiations with Iran. The Dow Jones Industrial Average was up 333 points, or 0.74%, while the S&P 500 gained 0.63% and the Nasdaq