Why Novo Nordisk Flew Almost 3% Higher on Friday
Novo Nordisk(US:NVO) The Motley Foolยท2025-08-15 21:15It seems to be holding off on price adjustments demanded by President Trump.An archrival's pricing move was seen as beneficial for Novo Nordisk (NVO 2.88%) on Friday. As investors disseminated news of a dramatic increase in the cost of a product competing with the company's star drug, Wegovy, they pushed the Danish pharmaceutical company's share price up. It closed the day almost 3% higher during a session when the S&P 500 index ended up slumping by 0.3%.A rival's hikesThe previous day, U.S. healthcare gian ...