Novo Nordisk A/SDisappointing sales of Wegovy weight-loss pill overshadowed strong Q2 earnings beat.
Drugmaker Novo Nordisk, one of Europe's biggest companies by market value, was down 4.2% after disappointing sales of its Wegovy weight-loss pill overshadowed a strong second-quarter earnings beat. The decline came amid a broader rise in world stocks, with the pan-European STOXX 600 index up 0.3% and MSCI's broadest index of world shares gaining 0.4%. HSBC shares fell nearly 3% a day after its results as investors digested analysts' reactions. Meanwhile, AI-related stocks showed mixed performance, with AMD dropping 7% in premarket trading and SpaceX down 10% on capital spending concerns.
Novo Nordisk A/SDisappointing sales of Wegovy weight-loss pill overshadowed strong Q2 earnings beat.
HSBC Holdings PLCHSBC shares fell nearly 3% after results as investors digested analysts' reactions.
Advanced Micro Devices Inc