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DEVELOPING: Novo Nordisk Shares PLUMMET; Wegovy Price WAR Looms

DEVELOPING: Novo Nordisk shares plummet 18% after Wegovy price cut warning.

CEO Maziar Mike Doustdar warns of "painful" pricing pressures. Profits and sales expected to fall by as much as 13%.

Deal with US President Donald Trump to lower weight-loss drug costs amplified the situation. Thousands of job cuts previously announced.

Doustdar hopes price reduction will expand access to Wegovy. He anticipates further share price decline before recovery.

This is a developing story. More updates to follow.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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