On this episode of Stock Movers:
- Novo Nordisk shares dropped as much as 4.4% after US President Donald Trump demanded drug companies lower US prices. The pharmaceutical company is down more than 30% this week, heading for the stock’s worst week on record.
- IAG stocks rose to their highest since early 2020 after the company predicted total fuel cost of €7.1 billion ($8.1 billion) this year, down from a previous forecast of €7.5 billion as the airline group benefits from falling oil prices.
- Campari shares gained as much as 8.8%, the most since April, after the Italian spirits maker reported first-half results. Adjusted Ebitda and sales for the period beat consensus estimates and the company left its full-year guidance unchanged, with analysts noting better-than-expected profitability.