Economy
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Novo Nordisk's Growth Ambitions Beyond Weight-Loss Drugs Face Modest Forecasts
Despite plans to broaden its business beyond obesity treatments, the Danish group's forecasts are modest, indicating limited growth prospects outside its weight‑loss medication portfolio.
Investment
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Portuguese Drone Maker Tekever Closes First Tranche of $580 Million Funding Round
Portuguese drone maker Tekever has completed the first close of a $580 million funding round and is now looking for acquisition targets.
Banking
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Berenberg Bank's Interim Chief Expresses Gratitude for BaFin Intervention Amid Balance-Sheet Scandal Recovery
In an interview, Berenberg’s interim chief executive Hans‑Walter Peters expressed appreciation for the supervisory authorities’ intervention after the bank’s balance‑sheet scandal, highlighted ongoing clean‑up progress,…
Fintech
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StarkWare Slashes Quantum-Resistant Bitcoin Transaction Costs by 79% Through Optimization Challenge
A weeklong optimization challenge led StarkWare to cut the GPU cost of creating a quantum‑resistant Bitcoin transaction to under $67, making the solution 79% cheaper…
IPO & M&A
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German power grid equipment supplier SGB-Smit targets €5 billion valuation in Frankfurt IPO
SGB-Smit aims to go public on the Frankfurt Stock Exchange by early 2027 with a projected valuation of up to €5 billion. The article also reveals…
Regulation
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German Regulators Warn of Banking Vulnerabilities as Stress Test Reveals Economic Downturn Risks
Record profits were reported by Sparkassen and Volksbanken, but scandals have hit several institutions. The German financial regulators BaFin and the Bundesbank subjected 1,113 banks…
