Top Financial Stories: Novo Nordisk, Oil Majors, and Liberty Media's MotoGP Move
The Financial Times covers major global stories, including Novo Nordisk ending its partnership with Hims & Hers over drug disputes, oil majors evacuating employees from Iraq due to potential Iran threats, and Liberty Media's approved acquisition of Dorna Sports. UK defense spending plans are also highlighted.
In a major development, Novo Nordisk has terminated its brief collaboration with Hims & Hers concerning the distribution of Wegovy, a popular weight-loss drug. This move follows allegations of Hims & Hers marketing imitation versions of the product.
Meanwhile, oil giants BP, TotalEnergies, and Eni are withdrawing staff from Iraqi oilfields amid fears of Iranian retaliation against Israel and the U.S., which could affect regional energy infrastructure.
In the sports domain, Liberty Media's acquisition of Dorna Sports, owner of MotoGP, has received unconditional approval from the EU. Moreover, UK Prime Minister Keir Starmer plans to increase national defense spending to 5% of GDP by 2035, as he prepares to address NATO allies.
(With inputs from agencies.)
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