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Novo Nordisk stock surged on Wednesday after a major policy win, which is seen as a turning point for the drugmaker. England’s cost-effectiveness watchdog has backed broader use of Wegovy to cut the risk of heart attacks and strokes in overweight or obese adults. This could eventually open access to about 1.2 million people through… Continue reading Novo Nordisk stock surges 4%: can NHS boost offset pricing pressure?

BYD remained under pressure as vehicle sales fell for the seventh consecutive month, reflecting intensifying competition in China’s electric vehicle market. Sales dropped 20.5% year-on-year to 300,222 units last month, according to Reuters calculations based on company disclosures and a Weibo post by executive Li Yunfei. The decline was less severe than February’s 41.1% drop… Continue reading BYD’s sales fall for seventh month, down 20.5% in March

US stock futures edged higher on Wednesday, a day after markets recorded their biggest one-day gain in nearly a year, as reports suggested the war with Iran could be nearing an end. Global shares rose, oil prices declined and the dollar rebounded as signs emerged of a potential easing of hostilities in the Middle East… Continue reading Dow futures surge 200 points: 5 things to know before market opens

Chinese companies are offloading record quantities of liquefied natural gas onto the spot market as domestic demand weakens and supply disruptions push Asian prices sharply higher. At least eight to 10 cargoes are set to be reloaded in March, bringing year-to-date resales to 1.31 million tonnes across 19 cargoes, according to trade sources and analytics… Continue reading China offloads record LNG as Hormuz disruption lifts Asian prices

Aether Holdings, Inc. (Nasdaq: ATHR), a financial technology holding company focused on data-driven platforms and media assets for investors, announced the formation of Aether DataHub, LLC, a joint venture with OORTech Inc. (OORT), a decentralised AI data cloud company. OORT provides a distributed, community-driven platform for large-scale data collection, labelling, and validation. The move comes… Continue reading Aether, OORT partner to build core data infrastructure for financial AI

Interest in electric vehicles is climbing across Asia-Pacific as fuel prices surge and supplies tighten following disruption in the Strait of Hormuz, through which crude oil bound for Asia typically accounts for up to 80% of shipments. Shipments of oil and liquefied gas through the waterway have nearly halted since the US-Israeli war on Iran,… Continue reading Fuel price shock drives electric vehicle rush across Asia-Pacific

Shares of Nike fell sharply in after-hours trading after the company warned of a decline in current-quarter revenue, underscoring persistent challenges in its key China market and an uneven turnaround trajectory. The sneaker maker said it expects revenue to fall between 2% and 4% in the ongoing quarter, driven largely by a projected 20% drop… Continue reading Nike shares sink as weak outlook and China slump hit recovery

Shares of Zhipu AI surged on Wednesday after the company reported robust revenue growth in its first earnings release since going public, underscoring investor enthusiasm for China’s fast-evolving artificial intelligence sector despite ongoing losses. The Beijing-based firm, formally known as Knowledge Atlas Technology, rose as much as 35% in early trading before trimming gains to… Continue reading Zhipu shares jump 30% after debut earnings fuel China AI buzz