
CEO Mike Doustdar tells CNBC the pharmaceutical giant is open to M&A to fill pipeline gaps in the competitive weight-loss market.
Novo CEO Mike Doustdar told CNBC that the pharmaceutical giant is considering M&A opportunities to address growing competition and fill drug pipeline gaps in the crowded weight-loss market.
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Novo faces growing competition in the crowded weight-loss market.
Novo CEO Mike Doustdar told CNBC that the pharmaceutical giant is considering M&A opportunities as it faces growing competition in the crowded weight-loss market.
"Let's see where the gaps are, and let's go out and see who has produced or is about to introduce better drugs than we are able to do on our own, and when that gap can be filled with M&A, we are actually quite interested about it," Doustdar told CNBC's "Squawk Box Europe" on Tuesday.

Treasury yields increased on Wednesday as strong US services and manufacturing PMI data raised concerns about further Federal Reserve rate hikes, with the 2-year yield up 8 basis points to 4.464% and the 10-year yield up 7 basis points to 5.058%, its highest level since July 2007.

Treasury yields climbed on Wednesday as robust services and manufacturing data fueled concerns over further Federal Reserve interest rate hikes. The 10-year note yield surpassed 5%, while Fed Governor Michael Barr signaled that additional rate increases may be necessary.

The EU is accelerating bilateral trade deals with Southeast Asian nations to secure supply chains and diversify markets. With agreements already in force with Singapore and Vietnam, the bloc is nearing conclusions with Indonesia, Thailand, Malaysia, and the Philippines.

Airtel Money, the mobile money arm of Airtel Africa, intends to list on the London Stock Exchange, aiming to raise $800m at an $8bn-$9bn valuation. The move is seen as a significant boost for the London market, which has faced recent IPO departures.
Tesla CEO Elon Musk praised Chinese President Xi Jinping as a "great leader" in a CCTV interview, highlighting China's economic prosperity ahead of a White House summit.

AT&T announced plans to continue reducing its workforce and automating internal processes with AI as it gears up for the AI era, while also phasing out its legacy copper landline networks and investing in fiber and wireless services.