Steep price decreases in China are causing an economic spiral of layoffs and low consumer spending. Plus, auto workers could vote to strike soon and Novo Nordisk can’t keep up with Ozempic demand.
The auto workers union could vote to authorize a strike next week to ensure electric vehicle plant workers are unionized and fairly compensated. But the big three automakers say pivoting to electric vehicles comes with sky-high costs.
Novo Nordisk manufactures two of the most talked about drugs of the year: Ozempic and Wegovy. The BBC’s Leanna Byrne spoke to their CFO about meeting demand for the notorious weight loss drugs.
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