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WSJ Minute Briefing

Novo Nordisk Challenges Pfizer’s Metsera Deal With $9 Billion Offer

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 30 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: BlackRock and other lenders seek to recover $500 million, saying they fell victim to fraud. And Hurricane Melissa barrels through the Bahamas after devastating Jamaica and Cuba. Zoe Kuhlkin hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:28.7

Here's your midday brief for Thursday, October 30th. I'm Zoe Colkin for the Wall Street Journal.

0:35.3

Novo Nordisk has launched an unsolicited bid valued at up to $9 billion for

0:40.0

Metzara, a developer of obesity treatments. It's an attempt to top the deal Pfizer reached for

0:45.5

Metzara last month, and it could lead to a legal battle. Metzara said Novo's offer was superior

0:51.6

to Pfizer's up to $7.3 billion offer, and it gave Pfizer four days

0:56.7

to negotiate changes to its original proposal. Pfizer said Novo's attempt to unwind its deal

1:02.0

is reckless and unprecedented. Metzeria's share has surged more than 20% in morning trading.

1:08.5

We're exclusively reporting BlackRock's private credit investing arm and other

1:12.9

lenders are trying to recover over $500 million after they say they fell victim to a fraud involving

1:19.3

loan collateral. The lenders accused Ban Kim Brombat, the owner of Telecom Services Company's

1:24.5

broadband telecom in Bridge Voice, a fabricating accounts receivable that were

1:28.9

supposed to be used as loan collateral. Brombas lawyer said he disputes the allegations of fraud.

1:35.5

And Hurricane Melissa, after hitting Jamaica as one of the most powerful Atlantic storms on record

1:40.9

and barreling through Cuba, has now barreled through the Bahamas, bringing

1:45.0

heavy rain and flooding. The country's weather services said that the hurricane, which had left

1:50.1

the islands by midnight, had brought winds close to 100 miles an hour to the central and southeast

1:55.6

Bahamas before heading toward Bermuda. Heads up, an artificial intelligence tool helped us make this episode by creating summaries

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