Author: staff

Novo Nordisk announced positive trial results for its next-generation obesity drug, leading to a 7.13% surge in its share price on Friday. Europe’s largest pharmaceutical firm, Novo Nordisk, revealed positive trial results for its next-generation obesity drug, amycretin, marking a major step in its competition within the increasingly heated weight-loss drug market, particularly against its US rival Eli Lilly.The trial results showed that patients taking the highest dose of 20 milligrams achieved an estimated body weight loss of 22% over 36 weeks, compared to a 22.5% weight loss achieved by Lilly’s obesity treatment Zepbound over 72 weeks. The latest trial…

– Schwarz-Grün, GroKo, Jamaika oder Deutschland? Welche Koalitionen noch wie zusammenfinden und die drängenden Probleme nach der Wahl lösen könnten. – Im 200-Sekunden-Interview: Armin Laschet über einen denkwürdigen Tag im Parlament und wie die Aufgeregtheit und Empörung zwischen den Parteien wieder zurückgedrängt werden kann. – Reaktionen aus Europa: Wie Deutschlands Nachbarn auf Merz’ Vorhaben in der Migrationspolitik reagieren. – Neujahrsempfang bei der Konkurrenz: Gordon Repinski nimmt euch mit zu den Kollegen von Table Briefings. Das Berlin Playbook als Podcast gibt es morgens um 5 Uhr. Gordon Repinski und das POLITICO-Team bringen euch jeden Morgen auf den neuesten Stand in Sachen…

The proposal, submitted last week, is a revision of an earlier plan the artificial intelligence startup presented to TikTok’s parent ByteDance on 18 January, a day before the law that bans TikTok went into effect. The first proposal, which ByteDance has not responded to, sought to create a new structure that would merge San Francisco-based Perplexity with TikTok’s US business and include investments from other investors, according to unofficial sources.The new proposal would allow the US government to own up to half of that new structure once it makes an initial public offering of at least $300 billion (€286 billion),…

“Does Europe want to own its future (and invest) or rent it (and continue spending as before)?” Vandenberghe asked. “Yes, climate action has a cost. The cost of non-action is higher.”  The exchange raised eyebrows. Two lifetime eurocrats having it out in public was “not usual,” said an EU official, who has worked with both men and spoke on condition of anonymity. “But it is both funny and healthy.” The timing was salient. For the last five years, the EU has favored top-down regulation to tackle problems like climate change and biodiversity loss. Now, the top political priority for leaders…

The recall affects more than 80,000 vehicles in the United States. The company said it took the action to remedy a wiring issue which could potentially lead to improper air bag deployment. Kia America is recalling more than 80,000 vehicles because of an issue identified with wiring beneath the front passenger seat in some of its vehicles that can could potentially prevent vehicle airbags and seat belts from deploying properly.According to documents filed with the National Highway Traffic Safety Administration the damaged wiring could also cause unintended air bag deployment.The recall covers the 2023-2025 Niro EV, Plug-in Hybrid (PHEV) and…

Tice said recent flooding in the U.K. had “nothing to do” with climate change — a view sharply at odds with climate science. These positions are not shared by voters, the majority of whom believe climate change is one of the biggest issues the country faces. They broadly support ministers’ plans for big, climate-friendly investments, according to polling by YouGov. Parties like the Greens, which have even stronger climate goals than Labour, also made gains in July. “It is definitely true that Reform voters prioritize climate change less than other groups of voters, but they also don’t vote Reform for…

Wealthy clients will be able to match their car’s palette with their private jet or yacht colours, added the company statement. British car maker Jaguar Land Rover will invest £65 million (€77m) to expand its custom paint services, the firm announced on Monday.New paint facilities will be created in Castle Bromwich in the UK, and Nitra in Slovakia, to support the operation.Jaguar said it would more than double its capacity for custom paintwork to meet “growing demand for personalised luxury vehicles”.Wealthy clients will be able to match their car’s palette with their private jet or yacht colours, added the company…

Media reports suggested Diageo was considering asset sales to boost growth, cashing in on high demand for Guinness. UK drinks company Diageo has denied that it is considering a sale of its Guinness brand, along with a 34% stake in the champagne and cognac business, Moët Hennessy.In a statement released on Sunday, Diageo insisted that it had “no intention to sell either”, responding to media reports released days earlier.Bloomberg News reported on Friday that Diageo was reviewing its portfolio in an effort to revive growth.The report said that Guinness, which could be privately sold or publicly listed, could be valued…

The unveiling of Chinese AI startup DeepSeek’s latest AI model, which outperforms its US rivals, caused a sharp decline in the value of US and Europe’s tech stocks. The Chinese artificial intelligence startup DeepSeek sent jitters to global markets, sparking a tech-led selloff in the US and Europe on Monday. The Chinese AI is reportedly more cost-effective and performs better than America’s leading models, raising concerns about the valuation hype of the soaring tech stocks. Market responsesNvidia, the world’s largest AI chipmaker, saw its shares plummet by 17%, before recovering on Tuesday afternoon, erasing $600bn (€573bn) in market capitalisation in what…

Ireland could entirely offload its stake in the lender this year after nationalising the bank more than a decade ago. The Irish government is offering a 5% stake in Allied Irish Banks (AIB), reducing its holding from 17.5% to 12.5%.In a statement, the finance ministry said on Tuesday it had sold 116 million shares at €5.60 each – raising around €652m.This latest transaction achieved a price which was 14% higher than that achieved in the previous AIB sale last June. The total will be placed into the Ireland Strategic Investment Fund, awaiting further direction from Minister for Finance Paschal Donohoe.The State’s…