. Novo Nordisk is having a good lockdown. The world’s largest provider of drugs treating diabetes saw first-quarter sales jump 14% to 33.9 billion Danish crowns . That beat the 31.5 billion crowns analysts had been expecting. The $115 billion company’s share price is up nearly 14% since the beginning of the year, beating even industry peers like Roche., investors can expect another boost later this year.
A lending spree now will test MYbank’s claim that its algorithms can find quality borrowers among smaller, difficult-to-audit private companies. Success would help sell the anticipated initial public offering of its largest shareholder, Ant Financial. But the economy may take another hit as overseas demand slumps, and smaller fish will be first to fry. Should MYbank’s tech nous flunk, it could disillusion its peers too.
Source: Entertainment Trends (entertainmenttrends.net)
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