Copenhagen Stock Exchange

Shares of the shipping giant Maersk plunged today on the earnings miss and warnings that the coronavirus outbreak will impact the company’s earnings this year. As a result, the Maersk stock price closed nearly 4% lower today. “Weekly container vessel calls at key Chinese ports were significantly down compared to last year during the last weeks of January and the first weeks of February,” Maersk said in a statement. Maersk reported EBITDA of $1.46...

The Danish shipping giant, Maersk, said on Thursday that its earnings in fiscal 2020 could take a hit due to the recent outbreak of Coronavirus in China. The company also highlighted that the ongoing economic slowdown and the previously flared trade tensions between the U.S and China have already kept the shipping industry weighed that is likely to get worse in the upcoming months as Coronavirus continues to hurt global business operations. Maers...

Danish multinational pharmaceutical company known for its diabetes drug, Novo Nordisk, announced on Wednesday that 2020 is likely to see slower growth in its business as compared to the previous year. The company also stated that the prices for Insulin in the United States are expected to keep under pressure this year. Nordisk has a reputation for being the top manufacturer of diabetes drugs across the globe. Owing to the recent rise in the costs...