Novo posted quarterly earnings ahead of expectations early Wednesday as sales of its Wegovy pill blew past estimates
Novo raises full-year outlook as Wegovy pill sales impress
Source: CNBC
Original reporting
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CNBC2 outlets
Gold, silver and precious metals prices jump, dollar dips as Democrats take control of Congress
Precious metals saw strong gains on Tuesday morning, as investors digested a Democratic sweep in the U.S. midterm elections.
The Guardian
Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory – business live
Democrats’ capture of Congress raise expectations of tougher regulation of AI sector; US stock futures fall but later pare losses Chris Beauchamp , chief market analyst at the investing and trading platform IG, says: Overnight markets had pointed towards steep losses for futures, but the picture is looking rosier as markets seem to look towards the future with relish. A divided US government has often been the best outcome for markets, and we are staring that squarely in the face today. Gold and silver are up, while volatility has reversed course too. All eyes are on the White House now, but Trump’s apparent acceptance of the results at least suggests a nasty litigation battle (or worse) is off the cards. Midterms rattle Trump, send dollar lower and bullion higher: The heavy Republican defeat is a stark reminder that even a president who dominates the political conversation is not immune
BBC Business
Poundland supplier 'will lose millions' if retailer collapses
One of Poundland's suppliers will lose millions if it collapses, while other suppliers have said they would go under.
CNBC
Treasury yields fall as investors crowd into bonds for safety amid election stock sell-off
Treasury yields fell on Tuesday night, as investors sought shelter from a sell-off in equity futures sparked by big victories from Democrats in the U.S. midterm elections.
CNBC
Midterm Takeaways: Tech billionaires suffer horrible night as Democrats drub Republicans
Elon Musk's spending may have become a liability as voters in exit polls raised concerns about government corruption and the growing influence of billionaires.
The Guardian2 outlets
Rogue UK energy bosses and brokers face crackdown on mis-selling
Exclusive: Ofgem to be given powers to issue fines and rein in bonuses for executives who ‘reward themselves while customers suffer’ Energy bosses in the UK will have their bonuses curtailed when suppliers and brokers break the rules under a crackdown on mis-selling. Through the energy independence bill, which will be introduced on Wednesday, Ofgem will be given new powers to order compensation, impose fines and ban rogue operators that have pushed businesses and households into overpriced contracts. Continue reading...