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Novo Nordisk A/S named its head of international operations as chief executive officer after slumping weight-loss drug sales led to a profit warning that wiped $93 billion off its market value. The Danish drugmaker promoted Maziar Mike Doustdar, who has spent more than three decades with the company, to the top spot. The surprise choice disappointed investors who were hoping for a high-profile outsider to lead a fresh challenge to Eli Lilly & Co., which has been pulling ahead of Novo in the obesity market. Bloomberg's Michael Shah reports. The appointment came shortly after Novo slashed its financial forecast, predicting this year’s sales will grow 8% to 14%, while operating profit expands 10% to 16%, based on constant exchange rates. That compares with its previous growth forecasts of as much as 21% and 24%, respectively. Shares of Novo plunged as much as 30% in Copenhagen, the biggest intraday drop on record. Doustdar said he plans to “increase the sense of urgency and execute differently,” and his top priorities will be advancing Novo’s drug pipeline, innovation and investing to deliver growth. The new CEO, who takes over on Aug. 7, also said on a call with journalists that he’s planning to review the company’s cost base, without citing specific targets for cuts. That indicates Novo is preparing for a period of slower growth after the initial surge of demand for its blockbuster obesity drug, Wegovy, that briefly made the company Europe’s biggest by market value. “Analysts will start to question both near-term and longer-term obesity expectations that have ballooned out of control,” said Jared Holz, a health-care strategist at Mizuho Securities USA LLC. Holz and other analysts questioned whether an insider will be able to restore investor confidence. Given the company’s recent struggles, “we are surprised by the choice of an internal candidate,” said Benjamin Jackson, an analyst at Jefferies LLC. Novo announced the ouster of former CEO Lars Fruergaard Jorgensen in May, seeking a reset following a string of setbacks. Though Doustdar, 54, is an insider at Novo, he brings a more international background than some of the company’s previous leaders. He’s Iranian-born, with Austrian citizenship. Novo’s past CEOs have all been Danish and were intertwined with the company prior to taking over. Two were sons-in-law of previous company leaders. After enjoying an early advantage as a first mover in the obesity drug market, Novo is struggling with competition as Lilly’s Zepbound wins market share over Wegovy. Lilly also appears better positioned to dominate for years to come. It has an easy-to-take weight-loss pill that will come to market as soon as early 2026 and it’s studying a shot that’s shown signs of being as effective as bariatric weight-loss surgery. Novo’s own next-generation candidate, CagriSema, has fallen short of both the company’s and analysts’ hopes in clinical trials. The company is also facing competition from compounding pharmacies that are allowed to make copies of drugs when they are in short supply. Novo estimates about 1 million patients in the US are using compounders in the US market, Chief Financial Officer Karsten Munk Knudsen said on a call. Novo said it will fight compounding in the courts and invest in its own direct-to-patient marketing efforts. Novo has said a new contract with CVS Health Corp. for Wegovy would drive volume from July 1. The slashed forecast reflects competition for both Wegovy and its sister drug Ozempic for diabetes, the company said. The drugmaker also cited slower than expected market growth for weight-loss drugs. Novo’s sales climbed 18% in constant currencies in the second quarter, the company said, with operating profit rising 40%. The company will publish complete second-quarter results on Aug. 6. The foundation that controls the company pushed for Jorgensen to go and instated his predecessor, Lars Rebien Sorensen, as an observer on Novo’s supervisory board. Sorensen is set to return as a full board member next year. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

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Have you ever watched the hit TV show “Shark Tank” and wondered about the various products and presentations that get featured each week? One particular episode that caught the attention of many viewers is the Shark Tank Keto episode. This episode showcases entrepreneurs pitching their keto-related products to the wealthy investors, also known as the “sharks,” with the hopes of securing an investment. The world of keto has been gaining popularity in recent years, so it’s no surprise that entrepreneurs are eager to capitalize on this trend. If you’re curious about how these entrepreneurs fared on the show and the keto products they brought to the table, then exploring the Shark Tank Keto episode on YouTube is a must.

Inside the Shark Tank Keto Episode

As you delve into the Shark Tank Keto episode, you’ll come across a diverse range of keto products being pitched to the sharks. From keto-friendly snacks to innovative kitchen gadgets, the entrepreneurs leave no stone unturned in their quest to impress the investors. Each product presentation is unique, with the entrepreneurs showcasing their passion for the keto lifestyle and their dedication to creating high-quality products that cater to this market.

The sharks themselves, including investors like Mark Cuban, Barbara Corcoran, and Lori Greiner, are known for their shrewd business acumen and their ability to spot a lucrative opportunity. In the Shark Tank Keto episode, you’ll witness the sharks asking tough questions, scrutinizing the entrepreneurs’ business models, and ultimately deciding whether or not to invest in the keto products being presented. It’s a high-stakes game that keeps viewers on the edge of their seats as they watch the entrepreneurs vie for a chance to secure a deal.

One of the key highlights of the Shark Tank Keto episode is the feedback and critiques provided by the sharks. These investors have years of experience in the business world, and their insights can be invaluable to the entrepreneurs pitching their products. Whether it’s advice on marketing strategies, pricing structures, or product development, the sharks offer valuable feedback that can help the entrepreneurs refine their business plans and take their products to the next level.

Success Stories and Missed Opportunities

Throughout the Shark Tank Keto episode, you’ll encounter a mix of success stories and missed opportunities. Some entrepreneurs walk away with lucrative deals that catapult their businesses to new heights, while others leave the tank empty-handed, still determined to make their mark in the competitive world of keto products. These ups and downs are part of what makes the show so captivating, as viewers root for their favorite entrepreneurs and eagerly await the sharks’ final decisions.

For viewers who are passionate about the keto lifestyle or interested in the world of entrepreneurship, the Shark Tank Keto episode offers a fascinating glimpse into the intersection of these two worlds. Whether you’re looking for inspiration for your own business venture or simply enjoy watching innovative products being showcased on TV, this episode is sure to entertain and educate in equal measure. So grab some keto-friendly snacks, settle in on the couch, and get ready to dive into the Shark Tank Keto episode on YouTube.

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As you reach the end of the Shark Tank Keto episode, you may find yourself inspired by the entrepreneurs’ passion and creativity in bringing their keto products to market. From keto cookies to keto meal delivery services, the episode offers a wealth of innovative ideas that cater to the growing demand for keto-friendly products. Whether you’re a seasoned entrepreneur or simply a fan of the show, there’s something for everyone to appreciate in this episode.

For those looking to learn more about the keto lifestyle or seeking inspiration for their own business ventures, the Shark Tank Keto episode is a goldmine of information and entertainment. So fire up YouTube, search for the episode, and prepare to be amazed by the creativity, determination, and entrepreneurial spirit on display. Who knows, you might just discover your new favorite keto product or be inspired to take your own business idea to the next level!

Now that you’ve explored the Shark Tank Keto episode in depth, it’s time to reflect on the valuable lessons and insights gained from watching the show. Whether it’s learning about the key ingredients for a successful pitch, understanding the importance of market research, or appreciating the power of resilience in the face of rejection, there’s much to take away from the entrepreneurs’ experiences on the show. So sit back, relax, and ponder on the exciting world of keto entrepreneurship that awaits those bold enough to take the plunge.

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