Dow Jones Top Company Headlines at 1 PM ET: Novo Nordisk Shares Drop as Bank Downgrade Reflects Growth Concerns | Best ...

Novo Nordisk Shares Drop as Bank Downgrade Reflects Growth Concerns

The stock has tumbled 70% since its June 2024 peak, as the drugmaker has contended with intensifying competition from rival Eli Lilly as well as knockoff versions of its blockbuster Ozempic diabetes and Wegovy weight-loss jabs.

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Best Buy Raises Outlook After Computing Growth Fuels 2Q Sales

The company now forecasts full-year adjusted earnings per share of $6.70 to $6.90, up from its prior guidance of $6.30 to $6.60.

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Royal Bank Notches Record Earnings as Quarterly Results From Canada's Biggest Banks Beat Expectations

Royal Bank of Canada's record earnings in the latest quarter capped a strong period for the country's big lenders.

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Kalshi and the Weather Co. Join Forces on Climate Trades

The trading platform is now getting input from experts that operate a leading weather app to verify popular climate-prediction markets.

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Enbridge Forms $1.95 Billion Joint Venture to Expand British Columbia Pipeline

Enbridge has partnered with private equity companies KKR and Apollo Global Management to fund a 2.7 billion Canadian dollar, or $1.95 billion, expansion of its natural gas pipeline system in British Columbia.

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Hormel Foods Cuts Sales Outlook Amid Consumer Pullback, Higher Costs

The food company, which owns Spam and Skippy peanut butter, cut its outlook for annual sales to a range of $12.1 billion to $12.2 billion from $12.2 billion to $12.5 billion.

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Kioxia, Sandisk to Invest More Than $31 Billion in Memory Chips

Kioxia Holdings and Sandisk plan to invest more than $31 billion in Japan to strengthen their joint venture and drive the large-scale supply of flash memory chips in the age of artificial intelligence.

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Dollar General Lifts Outlook, Posts Higher Profit, Sales

Dollar General lifted its outlook for the year as profit and sales climbed in the latest quarter, boosted by consumers' continued reliance on the company for low-cost goods.

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Burlington Stores Plans to Use Tariff Refunds to Lower Prices

Burlington Stores recorded higher second-quarter sales and said it plans to use its tariff refunds to lower prices for shoppers.

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Build-A-Bear Cuts Revenue View, Fires Exec After Summer Line Flop

The retailer cut its outlook for the second time this year and fired its chief growth officer after logging disappointing revenue and traffic in the second quarter.

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Nvidia Reports Blowout Quarter, Says Demand for AI Chips Is Getting Even Hotter

Shares rallied as the chip giant forecast 70% revenue growth next year and defended its financial support of AI companies.

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Aker Shares Climb After Nscale Gets $45 Billion Contract

Aker stock jumped after it said Nscale had signed the contract to provide AI compute capacity at its Monarch site in West Virginia, U.S.

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AI Startup DeepSeek Poised to Reach $74 Billion Valuation

The Hangzhou-based company is seeking to raise funding to bankroll research and development, and its expansion into computing infrastructure.

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SK Telecom to Create AI Data-Center Company

KKR and a consortium of South Korean firms are investing $2.2 billion in an AI data-center company being created by telecommunications firm SK Telecom through a spinoff.

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Jameson Maker Pernod Ricard Warns of Sales Hit as Americans Ease Off on Drinking

The distiller said fading interest in boozing in the U.S. would continue to weigh on sales, offsetting growing enthusiasm in newer drinking markets.

(END) Dow Jones Newswires

August 27, 2026 13:00 ET (17:00 GMT)