European shares gain on earnings boost; Novo Nordisk slips

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Novo Nordisk News

Operating Profit,Corporate Earnings,Profit Outlook

European shares opened higher on Wednesday, as a slew of upbeat corporate earnings lifted sentiment, although gains were capped after heavyweight Novo...

- European shares opened higher on Wednesday, as a slew of upbeat corporate earnings lifted sentiment, although gains were capped after heavyweight Novo Nordisk missed estimates for its second-quarter operating profit.The healthcare sub-index lost 0.7%, the most among regional sectors.

Bucking the trend, Puma lost 12.5% after the German sportswear maker narrowed down its outlook for full-year core profit. Beiersdorf slipped nearly 4% despite the Nivea maker reporting a 7.1% organic sales growth for the first half of the year. A South Lake Tahoe wildlife enthusiast was impressed to see a bear, which he believed was the “most chill” he’d ever filmed, taking a relaxing dip in a pond.Toogee Sielsch shared trail camera footage of the bear cooling off in the water and scratching his ear.“Tamarack is the MOST chill bear I’ve ever documented. I’ve referred to this as THE POND for a number of years. But for the last three years, since Tam was only 7 months old, he has OWNED this pond.

 

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