
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.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
7 minutes ago
- CNBC
Market has priced a benign impact from tariffs, Goldman Sachs analyst says
Goldman Sachs' Head of European Financials Research Chris Hallam discusses the impact of tariffs on the European financials sector and its outlook on the sidelines of the bank's European Financials Conference


Bloomberg
11 minutes ago
- Bloomberg
Big Take: Bessent Emerges as Contender for Fed Chair
President Trump says his decision on who will succeed Fed Chair Jerome Powell 'is coming out very soon.' And according to new reporting from Bloomberg's Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job. On today's Big Take podcast, Nancy and Saleha join host David Gura to discuss the president's Apprentice-style approach to selecting a Fed Chair, what he wants in Powell's replacement and how that might impact Fed independence.

Wall Street Journal
14 minutes ago
- Wall Street Journal
EPA to Repeal Air-Pollution Standards on Power Plants
WASHINGTON—The Environmental Protection Agency proposed Wednesday weakening air-pollution standards for mercury and eliminating carbon dioxide rules on power plants, reversing Biden-era policies as part of an overall effort to curtail the agency's role in regulating climate change. The easing of the environmental regulations is in line with executive orders issued by President Trump in April to expand coal mining, leasing and exports, and push for greater use of coal-fired power generation.