Ozempic Country's AI Bet Shows It Learned Nokia's Lesson
Remember Nokia Oyj, Finland's economic miracle that turned to dust? The Danes do. Their own mini-boom of recent years has been largely fueled by one firm, Ozempic maker Novo Nordisk A/S, whose diabetes and weight-loss medications are under competitive assault from US rival Eli Lilly & Co. Novo's share price has halved in six months; it's given up its crown of Europe's most valuable firm to SAP SE.
This reflects deflating hype rather than a crisis. Novo sales are still forecast to grow at double-digit rates this year, according to Bloomberg Intelligence, with Denmark's economy set to grow above the European average. But throw in the risk of a Trump tariff war over Greenland, and you can see why there's more fear than there used to be of a Nokia moment in a small export-reliant country of 6 million whose multinationals like AP Moller Maersk A/S and Vestas Wind Systems A/S punch well above their weight.
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BlackRock, Goldman Scale Up Tax Trades in $3 Trillion SMA Boom
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The approach allows investors to shrink their current-year IRS bills while deferring capital gains into the future. In April's selloff, for example, a manager could dump Home Depot Inc. and rotate into Lowe's Cos Inc., maintaining sector exposure while staying inside tax rules. Once a boutique service reserved only for the ultra-rich, investment firms are repackaging market turbulence as a fiscal opportunity, with automated trading programs scanning portfolios daily as equity conditions shift. With fee pressure eroding revenue in traditional asset management, Wall Street is leaning more heavily on tax-optimization trades to differentiate offerings, retain clients and defend margins in a competitive marketplace. 'There is just inherently going to be more volatility in the system,' said Scott Smith, senior director at industry consultant Cerulli Associates. 'With trade policies, tariffs, taxes, everything is on the table. There is no assumption of what the future looks.' 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Regardless, the opportunities are only growing. Direct indexing, where investors hold individual stocks directly rather than through pooled funds, has become the backbone of this tax-optimization machine. With the SMA market expected to grow from $3 trillion to $5 trillion by 2027, firms are layering on increasingly complex techniques to compete, pitched as added-value services. Tax-loss harvesting is only one lever. Advisors also optimize dividend timing, gain deferrals, charitable gifting and jurisdictional overlays in an attempt to juice after-tax portfolio performance. 'Risk management and tax management go hand in hand,' said Monali Vora, global head of wealth investment solutions at Goldman Sachs Asset Management. 'You can't do one without the other.' Aperio's long-short tax-aware strategies, launched in 2023, amplify gross exposure — boosting the number of positions that can generate harvestable losses, while keeping market exposure roughly the same. 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12 minutes ago
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Daily Digest: End of an era at Fisherman's Wharf, Scale AI eyes record funding from Meta
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Yahoo
17 minutes ago
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B2PRIME Announces B2MEET -- Private Forums for Top-Tier Market Insights
LIMASSOL, Cyprus, June 10, 2025 /PRNewswire/ -- B2PRIME is proud to host an exclusive event under the B2MEET concept, tailored for senior financial professionals to foster strategic dialogue, share market insights, and enable peer-to-peer exchange More than just a networking event concept, B2MEET represents an intellectual format for engaging with the industry's sharpest minds. Built around closed-door dialogue and forward-looking ideas, it is designed for financial leaders who value actionable insight and prioritize depth over visibility. Each gathering is carefully curated, providing access to people and perspectives not found in traditional channels. B2MEET is where smart money meets smart ideas – and where ideas become influence. Eugenia Mykuliak, Founder & Executive Director of B2PRIME Group, explains the vision behind the initiative: "At B2PRIME, we've always believed that the most valuable conversations happen off the record, in trusted circles, with people who see where the market is heading. B2MEET is our way of investing in those conversations. It's about shaping ideas and building the kind of intellectual capital that drives long-term value." The upcoming Cyprus edition of the B2MEET event will take place on 16th June 2025 at the prestigious Limassol Marina, providing an elegant and discreet setting for Cyprus' leading Heads of Dealing and senior trading executives. Keynote speaker Azad Zangana, renowned Independent Global Economist and former Senior European Economist at Schroders will deliver a timely briefing titled "Monetising Macro Volatility: Gold, Interest Rates & Hedging Strategies." His talk will cover near-term economic outlook, evolving risk factors, and longer-term investment trends — explicitly tailored for market practitioners. B2MEET will continue with the next exclusive sessions planned for London and Dubai, extending its global reach and cultivating a high-impact community of financial thought leaders. About B2MEET B2MEET is a private event series by B2PRIME Group, uniting elite market professionals for high-impact, off-the-record discussions. Unlike large-scale conferences, B2MEET fosters strategic depth, confidential dialogue, and long-term value — built around relationships that matter. Each edition is highly curated, limited in attendance, and tailored to senior roles where insight meets execution. About B2PRIME B2PRIME Group is a global financial services provider for institutional and professional clients. Regulated by leading authorities—including CySEC, SFSA, FSCA, and FSC Mauritius—the company offers deep liquidity across multiple asset classes. Committed to the highest compliance standards, B2PRIME delivers institutional-grade trading solutions with a focus on reliability, transparency, and operational excellence. Contact B2PRIME Groupsales@ Photo - - View original content to download multimedia: SOURCE B2PRIME Group
