Stock Movers Novo Nordisk Dives, IAG Soars, Campari Jumps
Aug 1, 2025
Novo Nordisk's shares plummeted by 4.4% after President Trump's call for lower drug prices, marking a troubling week for the pharma giant. Meanwhile, IAG soared to new heights as fuel costs decreased, signaling a recovery for the airline industry. Campari also impressed, with an 8.8% share increase attributed to strong sales and favorable first-half results. Amid these market shifts, concerns linger for both pharmaceutical and beverage sectors.
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Trump Pushes Drug Price Cuts
- President Trump demanded drug companies cut US prices or charge the US what other countries pay for new drugs.
- This caused big drops in European pharma stocks, including Novo Nordisk, GSK, AstraZeneca, and Sanofi.
IAG Shares Soar on Strong Results
- IAG's shares soared after strong second quarter profits and sales beat analyst expectations.
- Despite engine issues with Boeing 787 Dreamliners, customer demand and cash flow remain strong.
Campari's Strong Profitability
- Campari shares rose sharply after beating first-half profit and sales estimates.
- The company increased marketing spend and maintained full-year guidance, signaling confidence despite tariff impacts.