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Korean AI startup Upstage is set to expand globally, focusing on AI solutions that boost business productivity. Co-founder and CEO Sung Kim unveiled two key tools: Document Parse, which excels in document processing accuracy, and Solar, a language model for report generation. With $72 million in recent funding, Upstage aims to integrate its technologies into a multimodal AI model by June, while also developing sovereign AI solutions tailored to specific national needs.
Arla Foods has proposed acquiring a majority stake in Domty for USD 176 million, with plans to delist the company from the stock exchange. While major shareholders intend to sell, the El Damaty family will retain some shares, and negotiations may exclude Domty's profitable baked goods division. The deal awaits due diligence and regulatory approvals, with a 60-day extension granted for the process.
UBS has maintained its "Buy" rating for Novo Nordisk, setting a target price of 750 Danish kroner, driven by positive trends in weight loss drug prescriptions, particularly for GLP-1 appetite suppressants. Analyst Jo Walton noted that Eli Lilly's Zepbound is currently leading the market.
UBS has maintained its "Buy" rating for Novo Nordisk, setting a target price of 750 Danish kroner, driven by positive trends in weight loss drugs, particularly GLP-1 appetite suppressants. Analyst Jo Walton noted that while all appetite suppressants are experiencing growth, Eli Lilly's Zepbound is leading the market.
Nordea Kredit has updated the final terms for variable rate Mortgage Credit Bonds (Capital Centre 1) and Covered Mortgage Credit Bonds (Capital Centre 2). The new offerings include non-callable variable interest rate annuity bonds with an interest-only period option of 1-10 years, and callable capped floating-rate annuity bonds with interest rate resets on January 1 and July 1, based on CIBOR6 plus a spread. For inquiries, contact Torben Jurlander at +45 55 47 41 99.
Shares of H. Lundbeck A/S dropped over 6% after Deutsche Bank downgraded the stock to "hold" from "buy," citing concerns about the company's growth trajectory and lowering its price target from DKK 53 to DKK 44. Analyst Manos Mastorakis noted that despite strong performance earlier in 2024, recent developments, including the Capital Markets Day and the acquisition of Longboard Pharmaceuticals, have led to a reassessment of Lundbeck's valuation, with P/E ratios reflecting a significant decline. While some products like Rexulti and Vyepti show promise, the PACAP pipeline is no longer viewed as a major growth driver, prompting a more cautious outlook on the company's future.
Danske Bank A/S reported transactions by persons discharging managerial responsibilities on April 2, 2025, under Notification no. 21/2025. In connection with the ongoing share buy-back program, APMH Invest A/S is continuously selling shares pro rata. Further details are available in the attached templates for notifications and public disclosures.
Deutsche Bank has downgraded H Lundbeck A/S from Buy to Hold, reducing the price target from DKK53.00 to DKK44.00 due to a decline in the company's investment narrative following its CMD and acquisition of Longboard. Despite this, analysts maintain a positive outlook on Rexulti's long-term potential and other treatments in Lundbeck's portfolio. The downgrade reflects a reassessment of recent performance and its impact on the company's valuation.
Donald Trump’s recent tariff policies on imported vehicles and parts appear to benefit Elon Musk significantly, as Tesla's production is primarily domestic. While Trump claims these tariffs will encourage American car purchases, the reality is that many "American" brands rely on foreign parts. Musk's influence extends to various government initiatives, including broadband access and potential contracts with federal agencies, raising concerns about conflicts of interest and the implications for competition and consumer welfare. As public sentiment against Musk grows, the political landscape may shift, complicating Trump's agenda.
Barclays has reduced its Q1 2025 estimates for Novo Nordisk, citing lower-than-expected prescription volumes for Wegovy and Ozempic in the U.S. The bank anticipates sales and operating profit to fall 2% and 3% below Bloomberg consensus, projecting 19% constant-currency sales growth for the full year, below Novo's guidance range.Despite recent positive developments, including Wegovy's removal from the FDA's drug shortage list, prescription trends have remained flat. Analysts are cautious about potential guidance cuts depending on volume recovery in the latter part of the year, while Barclays maintains an Overweight rating and a DKK 900 price target, confident in the long-term prospects of the GLP-1 franchise.
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Korean AI startup Upstage targets global expansion with innovative solutions
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11:30 16.04.2025
Arla Foods proposes acquisition of Domty amid potential bakery division exclusion
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10:40 06.04.2025
ubs maintains buy rating for novo nordisk with target price of 750 kroner
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ubs maintains buy rating for novo nordisk with target price of 750 kroner
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Nordea Kredit updates final terms for variable rate mortgage credit bonds
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Lundbeck shares decline after Deutsche Bank downgrades stock to hold
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Danske Bank announces share buy-back program and managerial transactions
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Deutsche Bank downgrades Lundbeck stock rating and lowers price target
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19:30 01.04.2025
barclays lowers novo nordisk estimates on weak us drug volumes
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