A weight-loss drug company is close to becoming Europe's biggest market cap stock
qz.com › ozempic-maker-novo-nordisk-surpassed-lvmh-in-market-cap-1850796709
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Europe is having an obesity epidemic, and it’s starting to show in how it values companies. Novo Nordisk, a Danish drug company which makes the popular weight-loss drugs Ozempic and Wegovy briefly surpassed the market cap of LVMH today (Sept. 1). The world’s biggest luxury goods retailer best known for brands Louis…