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FDA approves Novo Nordisk weight-loss pill. Here's what to know
Fastcompany· 2025-12-23 19:51
The pill is 25 milligrams of semaglutide, the same active ingredient in injectable Wegovy and Ozempic, and will be sold under the brand name Wegovy. Novo already sells an oral semaglutide for type 2 diabetes, Rybelsus. The U.S. Food and Drug Administration approved Novo Nordisk's weight-loss pill on Monday, giving the Danish drugmaker a leg up in the race to market a potent oral medication for shedding pounds as it looks to regain lost ground from rival Eli Lilly. The approval could help spur a turnaround f ...
BioMarin Pharmaceutical Inc. Acquires Amicus Therapeutics
Financial Modeling Prep· 2025-12-23 19:08
Core Insights - BioMarin Pharmaceutical Inc. has acquired Amicus Therapeutics for $4.8 billion to enhance its market position in the rare genetic diseases sector against competitors like Alexion Pharmaceuticals and Vertex Pharmaceuticals [1][4] Acquisition Details - The acquisition involves purchasing all outstanding shares of Amicus at $14.50 per share, representing a 33% premium over its previous closing price [5] - The deal is financed through BioMarin's cash reserves and $3.7 billion in non-convertible debt, strategically avoiding equity dilution [2][6] - The acquisition is expected to close in the second quarter of 2026 and will add Amicus' therapies, Galafold and Pombiliti-Opfolda, which generated $449 million in sales in the first nine months of 2025, to BioMarin's portfolio [5][6] Market Reaction - Following the acquisition announcement, BioMarin's stock surged by 18%, while Amicus' stock increased by 30%, indicating strong investor confidence in the strategic benefits of the acquisition [2][7] - Joon Lee from Truist Financial set a price target of $100 for BioMarin, suggesting a potential upside of 68.7% from its trading price of $59.28 at the time of the announcement [4]
Novo Nordisk's Wegovy Pill Shakes Up Rivalry With Eli Lilly, Puts Health Care ETFs In Focus
Benzinga· 2025-12-23 19:04
The approval of Novo Nordisk's (NYSE:NVO) oral Wegovy is bringing new interest to health care and pharmaceutical ETFs that provide access to the growing GLP-1 market without requiring investors to choose one specific company.• What should traders watch with XLV?Broad funds like the Health Care Select Sector SPDR Fund (NYSE:XLV) and the Vanguard Health Care ETF (NYSE:VHT) offer diversified exposure to major drugmakers, such as Novo Nordisk and Eli Lilly And Co (NYSE:LLY) , as well as insurers and health care ...
Check Out What Whales Are Doing With MRK - Merck & Co (NYSE:MRK)
Benzinga· 2025-12-23 19:01
Core Insights - Significant investors have adopted a bearish stance on Merck & Co, with 53% of trades being bearish and 46% bullish [1] - The predicted price range for Merck & Co over the last three months is between $90.0 and $110.0 [2] Options Trading Activity - A total of 13 trades were detected for Merck & Co, with 6 puts amounting to $623,040 and 7 calls totaling $278,124 [1] - Noteworthy options activity includes several bearish trades, with significant put options at strike prices of $90.00, $95.00, and $105.00, indicating a bearish sentiment among traders [7] Market Position and Analyst Ratings - Merck & Co's current market position is supported by expert opinions, with an average target price of $119.4 from 5 analysts [9] - Analysts from various firms have differing ratings, with Morgan Stanley maintaining an Equal-Weight rating at $102, while BMO Capital upgraded to Outperform with a target of $130 [10] Company Overview - Merck & Co specializes in pharmaceutical products across various therapeutic areas, including cancer and cardiometabolic diseases, with Keytruda being a major sales contributor [8] - The company generates 47% of its sales from the US human health sector, which includes pharmaceuticals and vaccines [8] Trading Metrics - The trading volume for Merck & Co stands at 7,080,902, with the stock price at $104.99, reflecting a 0.26% increase [12] - The upcoming earnings announcement is expected in 42 days, indicating a potential catalyst for stock movement [12]
Jenny Harrington's top dividend plays for 2026
Youtube· 2025-12-23 18:56
Welcome back. We're hunting for yield with Jenny Harrington. Her top dividend plays for the new year.>> Okay, you have four for our viewers. Let's go through them. >> Okay.I tried to do it like a Christmas present, so I'm giving you a wide variety. A REIT, a material, an energy, and a healthcare stock. We've got Amcor, Bristol Myers, Embridge, and Vichy.Most of them have about a 6% yield other than Bristol Myers, which is about four and a half%. They're all in that kind of 10 times earnings range. They all ...
Wall Street is quiet ahead of holiday closures as markets await new U.S. economic data
Fastcompany· 2025-12-23 18:51
Markets are flat early Tuesday in holiday-thinned trading before head of the release of new data on how the U.S. economy fared in the third quarter. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq are all essentially unchanged before the opening bell. Shares of the Danish pharmaceutical company Novo Nordisk jumped more than 7% overnight after U.S. regulators approved a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication to treat obesity. Novo's Wegov ...
Novo Nordisk stock: does oral Wegovy approval make it better pick than Eli Lilly?
Invezz· 2025-12-23 18:42
HSBC's senior research analyst Rajesh Kumar believes Novo Nordisk (NYSE: NVO) "might have an edge†over rival Eli Lilly (NYSE: LLY) heading into 2026. His remarks arrive shortly after the Danish pharm... ...
Novo Nordisk Strikes First With Oral Wegovy — But Can It Outrun Lilly's Looming Pill?
247Wallst· 2025-12-23 18:23
Yesterday, the Food and Drug Administration (FDA) approved Novo Nordisk 's ( NYSE:NVO ) Wegovy weight-loss pill, the first of its kind. ...
Silver Tops $70, Novo Nordisk Soars 9% On Obesity Pill Approval - Bullish (NYSE:BLSH), BioMarin Pharmaceutical (NASDAQ:BMRN)
Benzinga· 2025-12-23 18:18
Wall Street traded modestly higher Wednesday, with large-cap benchmarks attempting a fourth straight day of gains as investors looked ahead to a seasonally strong year-end stretch.By midday in New York, the S&P 500 was up 0.4% near 6,900, hovering within striking distance of last October's all-time highs at 6,920. The Nasdaq 100 also added 0.4%, while the Dow Jones Industrial Average climbed 0.3%. Small caps lagged, with the Russell 2000 down about 0.6%.The session was shaped by the release of stronger-than ...
Dow Gains 100 Points; US Durable Goods Orders Decline In October - Argo Blockchain (NASDAQ:ARBK), Starfighters Space (AMEX:FJET)
Benzinga· 2025-12-23 18:13
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.The Dow traded up 0.22% to 48,469.41 while the NASDAQ rose 0.40% to 23,521.69. The S&P 500 also rose, gaining, 0.34% to 6,901.90.Check This Out: Meta Platforms To $815? Here Are 10 Top Analyst Forecasts For TuesdayLeading and Lagging SectorsCommunication services shares rose by 0.5% on Tuesday.In trading on Tuesday, consumer staples stocks fell by 0.5%.Top HeadlineU.S. durable goods orders decl ...