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Novo Nordisk Stock Tanks as Outlook Slashed and New CEO Steps In
Novo Nordisk Stock Tanks as Outlook Slashed and New CEO Steps In
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Big Pharma's golden child stumbles—hard. Novo Nordisk just downgraded its financial forecast and announced a leadership shakeup, sending shares into freefall.
Here's the bloodbath:
• Guidance gutted: The diabetes-and-obesity-drug titan trimmed expectations, spooking investors used to blockbuster growth.
• New sheriff in town: A fresh CEO takes the reins during what looks like a rough transition period.
Wall Street's reaction? A classic 'sell first, ask questions later' panic—because nothing terrifies institutional investors more than uncertainty wrapped in a Danish pharmaceutical package.
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