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Novo Nordisk’s Wegovy weight reduction drug gross sales soar 67% in second quarter

Wegovy injection pens organized in Waterbury, Vermont, US, on Monday, April 28, 2025.

Shelby Knowles | Bloomberg | Getty Photos

Gross sales of Novo Nordisk‘s blockbuster Wegovy weight reduction drug surged within the second quarter, the corporate mentioned in its newest report, days after slicing its full-year steering and saying a brand new CEO.

Total revenues rose 13% year-on-year at fixed alternate charges to 76.86 billion Danish kroner ($11.92 billion) within the three months to the tip of June, simply forward of the 76.6 billion Danish kroner forecast.

Gross sales of its blockbuster Wegovy weight problems drug rose 67% over the interval to 19.53 billion Danish kroner, barely beneath the 20 billion Danish kroner analysts had forecast.

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Karen Gilchrist

Fresenius raises outlook

The headquarters of German well being care firm Fresenius is seen on the firm’s headquarter in Dangerous Homburg close to Frankfurt am Important, western Germany.

Daniel Roland | AFP | Getty Photos

Fresenius has raised its income outlook for the total 12 months, with the German healthcare group now anticipating as much as 7% natural development.

CEO Michael Sen hailed a “resilient and constant efficiency” within the first half, including that the group will “concentrate on natural development by means of disciplined capital allocation.”

Michael Considine

Commerzbank raises outlook after revenue drops

A Commerzbank AG financial institution department within the monetary district of Frankfurt, Germany, on Sept. 12, 2024.

Krisztian Bocsi | Bloomberg | Getty Photos

Commerzbank‘s second-quarter web revenue fell 14% 12 months on 12 months, the German lender mentioned on Wednesday morning, citing restructuring prices.

Web revenue for the quarter got here in at 462 million euros ($535 million).

In the meantime, the financial institution’s quarterly working outcome jumped 34% from the earlier 12 months to 1.17 billion euros, serving to it notch a document 2.4 billion working outcome for the primary half of the 12 months.

Commerzbank raised its full-year outlook, saying it now expects a web results of round 2.5 billion euros, up from an earlier forecast of two.4 billion euros.

Chloe Taylor

UK’s Reeves going through ‘inconceivable trilemma,’ thinktank warns

U.Ok. Chancellor of the Exchequer Rachel Reeves leaves 10 Downing Avenue forward of PMQs within the Home of Commons in London, United Kingdom on June 11, 2025.

Anadolu | Anadolu | Getty Photos

U.Ok. Finance Minister Rachel Reeves may very well be going through a £51 billion ($67.9 billion) gap within the autumn finances.

That is in accordance with Britain’s Nationwide Institute of Financial and Social Analysis, which warns she faces an “inconceivable trilemma.”

The thinktank argues that the U.Ok. chancellor can’t comply along with her fiscal guidelines, honour spending pledges and keep away from tax will increase for working individuals, arguing she wants to search out an extra £41 billion for the federal government to fulfill its fiscal targets by 2029-30.

Andreea Gheorghe

Listed here are the opening calls

Individuals take within the view of London from the highest of a skyscraper on July 15, 2025.

Carlos Jasso | Afp | Getty Photos

Good morning from London, and welcome to CNBC’s stay weblog protecting all of the motion and enterprise information in European monetary markets on Wednesday.

Futures knowledge from IG suggests a broadly constructive open for European indexes, with London’s FTSE 100 seen opening 0.35% increased, France’s CAC 40 and Germany’s DAX up 0.25%, and Italy’s FTSE MIB 0.34% increased.

World markets might be keeping track of the tariff panorama the remainder of this week after U.S. President Donald Trump signaled he’ll announce new tariffs on semiconductors and chips as quickly as subsequent week.

“We’ll be saying [tariffs] on semiconductors and chips, which is a separate class, as a result of we would like them made in the USA,” Trump informed CNBC on Tuesday, including that he’ll announce the brand new plan “inside the subsequent week or so.”

Asia-Pacific markets traded combined in a single day on the feedback, whereas S&P 500 futures had been close to flat Tuesday night time as traders analyzed the newest batch of company earnings.

— Holly Ellyatt

What to keep watch over Wednesday

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