Advertisement
Singapore markets close in 6 hours 10 minutes
  • Straits Times Index

    3,456.99
    +19.73 (+0.57%)
     
  • Nikkei

    39,676.34
    +77.34 (+0.20%)
     
  • Hang Seng

    17,600.42
    -35.46 (-0.20%)
     
  • FTSE 100

    8,198.78
    +43.06 (+0.53%)
     
  • Bitcoin USD

    67,605.17
    -579.09 (-0.85%)
     
  • CMC Crypto 200

    1,390.09
    -15.24 (-1.09%)
     
  • S&P 500

    5,564.41
    +59.41 (+1.08%)
     
  • Dow

    40,415.44
    +127.91 (+0.32%)
     
  • Nasdaq

    18,007.57
    +280.63 (+1.58%)
     
  • Gold

    2,402.80
    +8.10 (+0.34%)
     
  • Crude Oil

    79.95
    +0.17 (+0.21%)
     
  • 10-Yr Bond

    4.2600
    +0.0210 (+0.50%)
     
  • FTSE Bursa Malaysia

    1,628.96
    +6.89 (+0.42%)
     
  • Jakarta Composite Index

    7,323.43
    +1.45 (+0.02%)
     
  • PSE Index

    6,691.87
    -20.18 (-0.30%)
     

Why Novo Nordisk Stock Is Slumping Today

Why Novo Nordisk Stock Is Slumping Today

Shares of the Danish drugmaker Novo Nordisk (NYSE: NVO) were down by 5.4% on unusually high volume as of 11:50 a.m. ET Thursday morning. The key issue weighing on the drugmaker's shares today is the news that Novo will have to start rationing lower-strength starter doses of the popular weight loss drug Wegovy in the U.S. to meet demand. Despite a second contract manufacturer coming online in April, Novo's management expects this shortage to persist for "some months."