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WSJ Minute Briefing

Novo Nordisk Shares Plummet as Competition Weighs on Wegovy Sales

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6631 Ratings

🗓️ 29 July 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: JPMorgan Chase nears a deal to take over Apple’s credit-card program. And U.S. consumers’ economic mood improved this month, but they remained concerned about tariffs and the labor market. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Race the rudder, raise the sails, raise the sales!

0:05.0

Captain, an unidentified ship approaching. Over.

0:07.0

Roger that. Wait, is that an enterprise sales solution?

0:13.0

Reach sales professionals, not professional sailors.

0:17.0

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0:21.4

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0:26.7

That's LinkedIn.com slash lead. Terms and conditions apply.

0:34.5

Here's your midday brief for Tuesday, July 29th. I'm Pierre Bienname for the Wall Street Journal.

0:40.7

Novo Nordisk shares plummeted today after the company lost its lead in the booming market for weight loss drugs.

0:47.1

The company said competition dragged on its results, and it chalked up its diminished outlook to copycat versions in the U.S. of its weight loss drug Wagovi.

0:56.1

Novo Nordisk said it is pursuing litigation to protect patients from knock-off drugs.

1:01.3

We exclusively report that J.P. Morgan Chase is in advanced talks to take over Apple's credit card program, replacing Goldman Sachs.

1:09.8

That's according to people familiar with the matter. The potential agreement would be one of the biggest credit card program, replacing Goldman Sachs. That's according to people familiar with the matter.

1:11.6

The potential agreement would be one of the biggest credit card deals ever. Still, the deal hasn't

1:16.8

been signed, and there are chances that talks could unravel. American consumers' economic mood

1:21.9

improved this month, but remained clouded by concerns about tariffs and the labor market. That's

1:27.0

according to the

1:27.5

conference board, whose monthly consumer confidence index climbed to 97.2 in July from 95.2 in June.

1:34.7

About 30% of consumers said jobs are plentiful, up one percentage point from June,

1:39.7

but the number who said jobs are hard to get grew two points, from 17% to 19%.

1:45.1

And the shooter who killed four people at a Midtown Manhattan office building yesterday

1:50.2

left a suicide note that indicated he was targeting the National Football League at its headquarters.

...

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