Ozempic Drugmaker’s CEO Pushed Out Amid Weight-Loss Market Challenges

Lars Fruergaard Jorgensen, who has headed the pharmaceutical company for eight years, will step down after a period to support a smooth transition to new leadership.

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Charter, Cox Merge in Megadeal Amid Escalating War With Wireless

The deal will bring together two of the biggest broadband and cable operators in the U.S.

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Lockheed Martin Speeds Up European Defense Tie-Up Talks

The U.S. defense contractor is trying to expand its production and supply chains in Europe, a senior executive said.

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Former Burger King Boss Picked to Oversee Panera, Pret a Manger

Jose Cil will chair the boards of Panera and other restaurant chains owned by investment firm JAB Holding.

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Richemont Posts Higher Sales on Jewelry Boost

The Cartier owner reported an increase in sales, driven by its core jewelry division, despite a demand slowdown that is plaguing the luxury sector.

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‘Fortnite’ Claims Apple Blocked Submission, Now Unavailable on iOS

The popular video game claims Apple is preventing its release to the U.S. App Store or to the Epic Games Store for iOS in the European Union.

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EU Seeks Feedback on Microsoft’s Offer to End Teams Antitrust Investigation

The request for feedback follows an investigation by the European Union into how the company makes its Teams platform available to customers in the bloc.

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America’s Love Affair With Posh British Cars Is Under Threat Despite Trade Deal

The U.S.-U.K. trade pact spares the British auto industry from the worst of President Trump’s sweeping tariffs while casting doubt over its prospects in a key growth market.

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Carbon Capture Startups Face Staff Cuts Amid U.S. Funding Uncertainty

Carbon startups are facing staff cuts amid worries over the Trump administration axing funding in the U.S.

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Walmart’s Price Hikes Open Door to Increases From ‘Everybody Else’

President Trump’s trade war has yet to make a real dent in the American economy. That is about to change.

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Meta Battles an ‘Epidemic of Scams’ as Criminals Flood Instagram and Facebook

Fake puppies and phony offers of mouthwatering bargains are often seeded by overseas crime networks; employees say company is reluctant to impede its advertising juggernaut

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GlobalWafers Plans Additional $4 Billion Investment in U.S.

The Taiwanese chip-materials maker plans to further grow its U.S. presence, in line with the Trump administration’s efforts to boost manufacturing.

(END) Dow Jones Newswires

May 16, 2025 11:00 ET (15:00 GMT)

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