All posts tagged: business world

Why Republican Politicians Do Whatever Trump Says

Why Republican Politicians Do Whatever Trump Says

The story Donald Trump tells about himself—and to himself—has always been one of domination. It runs through the canonical texts of his personal mythology. In The Art of the Deal, he filled page after page with examples of his hard-nosed negotiating tactics. On The Apprentice, he lorded over a boardroom full of supplicants competing for his approval. And at his campaign rallies, he routinely regales crowds with tales of strong-arming various world leaders in the Oval Office. This image of Trump has always been dubious. Those boardroom scenes were, after all, reality-TV contrivances; those stories in his book were, by his own ghostwriter’s account, exaggerated in many cases to make Trump appear savvier than he was. And there’s been ample reporting to suggest that many of the world leaders with whom Trump interacted as president saw him more as an easily manipulated mark than as a domineering statesman to be feared. The truth is that Trump, for all of his tough-guy posturing, spent most of his career failing to push people around and bend them …

Is Novo Nordisk’s Success Really Trouble for Denmark?

Is Novo Nordisk’s Success Really Trouble for Denmark?

Over the past couple of years, no new pharmaceutical drug—perhaps no product, period—has had such widespread impact as the diabetes medication Ozempic and the weight-loss drug Wegovy, both made by Danish company Novo Nordisk. Most obviously, the drugs have changed the lives of the millions of people who now count on them to help control their appetite. These two products have taken Novo Nordisk from a successful but second-tier drugmaker to the most valuable company in Europe. The drugs are also having ripple effects across the business world. To take one example, snack and soda makers have wondered whether they need to adjust their strategies for a world where people’s cravings for their products have diminished. Some stock analysts have even suggested that the drugs’ popularity might boost airline profits—because their passengers will weigh less in the future. Ozempic and Wegovy have also exerted huge influence in Denmark, giving the GDP of Novo Nordisk’s home country a sizable boost. The billions of dollars in profits that the company is now bringing home—$5.7 billion in the …