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Novo Nordisk A/S agreed to pay United Laboratories International Holdings as much as $2 billion for a next-generation obesity drug, the Danish Ozempic maker's latest move to refill its pipeline of experimental treatments. Novo will pay Hong Kong-based United Laboratories $200 million upfront for the drug, which combines three different mechanisms in an effort to treat obesity as well as diabetes and other diseases, the companies said Monday. Novo agreed to pay as much as $1.8 billion if the drug reaches certain development and sales goals. The deal comes amid growing skepticism from investors that Novo's next-generation portfolio will be sufficient to keep it on top of the hypercompetitive market for weight loss treatments. German software developer SAP SE unseated Novo as Europe's most valuable public company on Monday. Novo's shares traded down as much as 3.1% in Copenhagen. United Laboratories will retain rights in China for its compound, which works in a similar way to Novo rival Eli Lilly & Co.'s retatrutide — considered the strongest among the next-generation drugs currently in late-stage human trials.

Emma Raducanu had nothing but kind words for her opponent McCartney Kessler after the American tennis star was forced to retire from the Miami Open. Kessler stepped back from the game after she sustained an injury in the second set. Kessler’s decision meant that Emma made it through to the tournament’s round of 16. The British tennis player will compete against world No. 6 Amanda Anisimova on Monday, March 24.

Pidilite's ability to create categories by identifying unserved and underserved consumer needs and fulfilling them, not just with a product but with a brand, has ensured its presence among the top quartile of growth companies over the past 5-10 years, said Bharat Puri, the chief executive, who will hand over the baton to joint managing director Sudhanshu Vats next month. «Our success stems from an aggressive expansion of core businesses and, more importantly, our ability to pioneer new product categories,» said Puri. «We are an entrepreneurial-cum-professional company. Our success formula is simple-we create categories by identifying unserved and underserved consumer needs and fulfilling them, not just with a product, but with a brand.» As much as 80% of the company's business was in core categories until a decade ago, with only 20% focused on growth and pioneering initiatives, he said. «Today, that ratio stands at 55:45. Even in a challenging year, we delivered double-digit volume growth because we configured our portfolio around category creation.» Vats said while the philosophy in running the business will remain consistent — focussing on core, growth and pioneer — his plan is to accelerate innovation and digital transformation while building on Puri's legacy.

Genetic testing company 23andMe has filed for Chapter 11 bankruptcy, a move that raises questions for its millions of customers. The firm, which revolutionised at-home DNA testing, announced on Sunday that it was seeking a sale to address its financial troubles. With over 15 million customers who have provided genetic data, many are now asking: What happens to their sensitive information? The company’s struggles come after years of failed attempts to develop a profitable business model. While it once seemed destined for success, 23andMe failed to convert one-time customers into regular subscribers. This lack of sustained engagement led to its downfall, making its data valuable to potential buyers.

Delhi High Court on Monday rejected Swiss multinational F. Hoffmann-La Roche AG’s petition seeking to temporarily restrain Natco Pharma from infringing its product patent for Risdiplam compound used for treating spinal muscular atrophy. The court noted that the Roche’s approved drug Risdiplam, which is marketed under the name ‘Evrysdi,’ is not available at an affordable prices, thus the public interest would be to outweigh the need for grant of injunction (restraint order). Roche had sought interim injunction against Natco Pharma to restrain infringement of its patent titled «compounds for treating spinal muscular atrophy». The multinational company claimed that its suit patent has a term of 20 years from May 11, 2015 and expires on May 11, 2035.

comedian Kunal Kamra amid the controversy surrounding his remarks. Addressing the media at Parliament, Bachchan raised concerns about the increasing restrictions on freedom of expression in the country.

Thomas Szasz has resurfaced online, stirring a fresh debate on mental health diagnoses. Known for his radical views on psychiatry, Dr. Szasz was a fierce critic of the way psychiatric labels were used to control individuals and justify social oppression. In the viral clip, he draws comparisons between historical «diseases» once used to suppress marginalized groups and modern psychiatric diagnoses—particularly Attention Deficit Hyperactivity Disorder (ADHD).

With only a week remaining until the end of the current financial year, now is the right time for investors to book their unrealised losses to reduce the overall tax bill. Several investors may be sitting on losses this year, given the market correction over the last few months.

In an interview with the BBC on Sunday (23 March), Reeves repeatedly refused to rule out scrapping the digital services levy (DST) but admitted «we are having discussions with the US».  She said: «It is the right thing that companies who operate in the UK pay their taxes in the UK and the United States government and tech companies understand that as well.» Reeves' Budget headroom could land in negative territory as UK growth forecasts worsen When challenged over the prospect of scrapping the levy she admitted that «discussions at the moment are ongoing», adding: «we have got to ge...

With air travel increasing significantly—especially among first-time flyers—DGCA chief Faiz Ahmed Kidwai emphasized the importance of informing passengers about their entitlements in cases of service deficiencies, flight delays (due to airline-controlled factors), cancellations, denied boarding, and baggage issues. IndiGo has reportedly assured the regulator that it will implement this directive by Tuesday i.e. March 2025.

Sunil Subramaniam, Market Expert, says that though FIIs have started coming back, the market bounce-back is being led by DIIs as they have been sitting on Rs 2.5 lakh crore cash in the broad market and they are now looking to reverse the trade. Plus the Rs 100,000 crore Budget bonanza via tax cuts would also kick in. Subramaniam says rate sensitives and hence BFSI and consumer discretionary stocks are the right picks at this time. What are you making of this steady climb that the markets have seen? The Nifty alone has recovered about almost 1,000 to 1,200 points from the recent lows? Sunil Subramaniam: Though FIIs are coming back slowly, I still think it is the DII action which is driving the markets because as I have said before, there is a huge pileup of cash, almost about Rs 2.5 lakh crores with DIIs there and that money is a broad market money. It is not just largecaps, it is large, mid, and small. As the fund houses had generated cash by selling small and midcap stocks, used part of it to buy largecaps and hence the fall in largecaps is not so much, they are essentially now looking at reversing the trade.

Rupen Rajguru, MD, Senior Advisor, Julius Baer, says we are seeing a classic bottoming of the market and recovery will be slow, and not as significant and fast as we have seen in the previous cycle. But probably the market looks into the rate of change and at the margin, FY26 is going to be significantly better from an earnings perspective vis-a-vis FY25. What is your take on the overall market sentiment because in 2025 there has been a change in the narrative on how you look at the emerging markets, especially India. March has been quite a volatile month for us though we are cheering the recovery from the lowest level but the harsh reality is that among the SMIDs, there are pockets where we might not see the stocks recovering back to those 2024 highs. Is it the time to deploy more or rather be selective? Rupen Rajguru: Purely from a market perspective, in the very short to near terms, sentiment and liquidity determines the market momentum and both of these change very fast. Probably on March 4th, we were the worst as far as the sentiment and liquidity was concerned. So, while liquidity has not changed, but definitely in the last two weeks or so, sentiment has changed. And why has the sentiment changed?

DSP Small Cap Fund, one of the oldest in the small-cap category since its launch in June 2007, remains among the few funds in its segment with no exposure to large-cap stocks. It continues to allocate around 90% of its corpus to small cap stocks, with the rest split between cash holdings (slightly higher than usual) and mid-cap stocks. This is despite the Nifty Small Cap index falling 21%so far in 2025, and 24% from its peak in December 2024. Of course, Sambre has paid the price. So far this year, the scheme has delivered a negative return of 19.2%. Acknowledging the risks of small-cap investing, Sambre remains firm in his approach: if investors seek a small-cap fund, they should expect a true, small-cap experience. Previously the sole manager of the fund, he now oversees DSP’s equity funds, which have a combined corpus of approximately Rs.1.08 trillion. Additionally, he co-manages three schemes, including the mid-cap and small-cap funds, worth Rs.30,000 crore.

peer-to-peer lending industry has slumped to a major slowdown with most of the large players in this space staring at an uncertain future, after the Reserve Bank of India came down heavily on the sector last year for not properly abiding by regulatory guidelines. The P2P sector’s assets under management (AUM) have shrunk to less than Rs 3,000 crore from around Rs 10,000 crore a year back, according to two founders of P2P lending startups, who spoke on the condition of anonymity. “There are hardly any new loans that are being done by the platforms; most of the large platforms have stopped onboarding so business is staring at a major uncertainty,” said one of the founders.

The portfolio value of Darshita Shah, 41, is down 40% since the market decline began in late September. The Mumbai-based homemaker, encouraged by her college-going son to take the plunge into stocks, had invested around ₹7 lakh in small-cap stocks, especially defence, IT and auto. Now, as Shah watches her holdings languish, she has lost the appetite to make fresh investments despite her son pushing to deploy more.

Subscribe to enjoy similar stories. Mumbai: Bajaj Finserv Ltd. expects significant growth in its financial services business over the next 15-20 years, driven by greater penetration of financial products and rising per capita income.

Subscribe to enjoy similar stories. As the world rushes for gold, silver is also now back in vogue. Known as “the poor man’s gold", silver benefits from a correlation with gold, which just breached the $3,000 per ounce mark.

«The Waqf (Amendment) Bill, 2024, is part of BJP's strategy, and continuing attempts to damage the centuries-old bonds of social harmony… to demonise minority communities by spreading false propaganda and creating prejudices, dilute constitutional provisions that guarantee equal rights and protections to all citizens, and defame traditions and institutions of minority communities to keep our society in a state of permanent polarisation for electoral gains,» said a Congress statement issued by spokesperson Jairam Ramesh. Once again identifying with the reservations the larger Opposition benches had raised and registered during the scrutiny of the bill by the joint parliamentary committee, Ramesh argued that the bill «is deeply flawed» on five counts: «All the institutions created by previous laws to administer waqfs are actively sought to be reduced in stature, composition and authority so as to deliberately deprive the community the right to administer its own religious traditions and affairs. Deliberate ambiguity has been introduced for determining who can donate their land for waqf purposes, thus altering the very definition of waqf itself.

Congress parliamentarian Jairam Ramesh on Sunday wrote to information technology minister Ashwini Vaishnaw, urging him to «pause, review and repeal» Section 44 (3) of the Data Protection Act, 2023, claiming that otherwise it would eliminate the proviso in Section 8 (1) of the Right To Information Act (RTI), 2005, which gives citizens equal right to information as legislators who represent them. Pointing out that Section 44 (3) of the Data Protection Act, 2023, states that «In section 8 of the Right to Information Act, 2005, in sub-section (1), for clause (j), 2005, the following clause shall be substituted, namely, (j) information which relates to personal information», Ramesh argued that «the implications of this on Section 8 (1) (j) of the RTI Act, 2005, are that almost everything in it gets deleted.» Maintaining that proviso in Section 8 (1) of the RTI Act, 2005, that gives citizens equal right to information as legislators who represent them is eliminated, Ramesh told Vaishnaw: «The existing Section 8 (1) (6) of the RTI Act, 2005, had enough guardrails to protect unwarranted invasion of privacy.

444 angel number is particularly significant. Considered to be a symbol of stability, protection, and spiritual guidance, this number has a deep impact on different walks of life, such as love, career, and self-development.

Connections is an engaging word game that challenges players to group words based on a shared theme. While the premise appears straightforward, the complexity of the categories often makes it a formidable puzzle. The associations can be drawn from diverse fields, ranging from literature and history to pop culture and wordplay. Given the specificity of these categories, many players may seek guidance in deciphering the connections. For those looking for assistance in solving today’s puzzle, here are the hints and answers for NYT Connections #651 for March 23, 2025.