PRESS DIGEST- Financial Times - June 24

Reuters
06-24
PRESS DIGEST- Financial Times - June 24

June 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Novo Nordisk ends Hims & Hers tie-up over copycat Wegovy drugs

- Oil majors pull staff from Iraq amid fears of retaliation by Iran

- F1 owner Liberty Media targets US growth with MotoGP

- UK defence funding will hit 5% of GDP by 2035, UK PM Starmer to tell Nato summit

Overview

- Novo Nordisk NOVOb.CO ended a short-lived agreement to sell its Wegovy weight-loss drug through Hims & Hers Health HIMS.N, after accusing it of deceptively marketing copycat versions of its blockbuster Wegovy weight loss drug.

- BP BP.L, TotalEnergies TTEF.PA and Eni ENI.MI have started to evacuate its employees from oilfields in Iraq over fears that neighbouring Iran may retaliate against Israel and the U.S. by bombing energy infrastructure in the area.

- Formula One owner Liberty Media FWONA.O received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.64 billion) acquisition of Dorna Sports, which owns MotoGP.

- British Prime Minister Keir Starmer will pledge to Nato that the UK will increase national security spending to 5% of GDP within a decade, as members attempt to convince U.S. President Donald Trump to stick with the alliance.

($1 = 0.8627 euros)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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