Novo Nordisk is facing “unprecedented” price pressures, “intensifying competition” and patents expiring.
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Washington Post announces sweeping layoffs, scaling back news coverage
A former editor describes the massive cuts as one of the “darkest days” in the history of the storied newspaper.
US launches plan to tackle China’s critical minerals dominance
The event was attended by representatives of more than 50 countries, the White House said.
Walmart becomes first retailer to hit $1tn market value
The milestone reflects the US retail giant’s booming e-commerce business and investors’ embrace of its AI investments.
Netflix and Warner Bros struggle to defend merger
Concerns were raised by a subcommittee including potential price rises and the future of cinemas.
Disney names Josh D’Amaro as new chief executive
The media giant chooses the head of its amusement park business to replace longtime boss Bob Iger.
One million people miss HMRC tax return deadline
The UK’s tax authority says 27,456 people filed in the final hour before the cut-off at the end of Saturday.
The Chinese planemaker taking on Boeing and Airbus
Comac’s passenger jet is attracting customers in South East Asia where demand for affordable aircraft is growing.
Door is open to customs union talks with UK, EU says
Valdis Dombrovskis says the EU is willing to engage with Britain amid mounting global uncertainty.
SpaceX to take over Elon Musk’s AI firm
Musk’s space exploration company and his AI start-up are merging.