Novo Nordisk won approval to sell a pill version of its blockbuster obesity shot Wegovy in the US, a crucial step in its effort to defend its market share from rival Eli Lilly & Co.
Novo will start selling the pill in the US in early January, the company said in a statement Monday. It is approved to help people lose weight or maintain previous weight loss over the long term.
Novo’s stock has fallen by about half this year amid concern about the Danish drugmaker’s ability to compete in the obesity market it pioneered.
Today’s guests: Thomas Romig, Assenagon, Multi Asset CIO
Chapters:
00:00:00 – The Pulse
00:01:19 – Novo Nordisk Gets US Approval for Wegovy Obesity Pill
00:08:18 – Thomas Romig, Assenagon, Multi Asset CIO
00:14:57 – Volatile Cryptocurrency Market
00:19:00 – Moynihan: See Underlying US Wage Growth
00:26:35 – Trump Creates New Role of Greenland Envoy
00:30:14 – Moore: Need to Put More Pressure on Putin
00:36:41 – US FCC to Ban Most Foreign-Made Drones
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