Why Novo Nordisk Stock Just Popped
President Trump has good news for Novo Nordisk investors, and more may be on the way.
Over the weekend, President Trump offered to delay implementation of a new 50% tariff on imports from the European Union. The tariff, which was supposed to begin on June 1, now won't take effect until July 9.
Shares of Ozempic and Wegovy manufacturer Novo Nordisk (NYSE: NVO) reacted positively to the news and are up 4.9% as of 10:20 a.m. ET.
Image source: Getty Images.
