Business

• Novo Nordisk shares tumble 18% as CEO warns it will get worse before it gets better - Just as Novo Nordisk showed signs of a recovery, another cold shower hit investors as the drugmaker surprise prereleased its 2026 forecast late Tuesday, sending shares tumbling. 
• AMD shares drop as forecast comes up short of some expectations - AMD's first-quarter forecast fell short of what some analysts were hoping for amid an AI spending boom.
• Chipotle stock sinks as restaurant chain reports falling traffic, weak guidance - Chipotle stock has fallen about 33% over the last year, dragging the company's market value down to about $51 billion.
• Novo Nordisk shares tumble after company warns of sales hit this year - The company is banking on its Wegovy pill and next-generation weight loss injectable CagriSema to recapture share of the key U.S. market. 
• Disney names parks boss Josh D’Amaro as its next CEO to succeed Bob Iger, effective March 18 - Disney has named Josh D'Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House.
• Pfizer says obesity injection shows promise as monthly treatment in mid-stage trial - The data on Pfizer's GLP-1 offer early evidence that the injection can be administered less frequently than existing drugs without sacrificing efficacy.
• Pfizer beats quarterly estimates despite Covid product decline, reaffirms modest outlook - The pharmaceutical giant reaffirmed the modest 2026 outlook that rattled investors in December.
• Merck tops quarterly estimates, posts modest 2026 guidance as generic competition looms - Merck posted a modest 2026 outlook that fell short of estimates, as it prepares for some drugs to go off patent later this year and face generic competition.
• PepsiCo earnings beat estimates as drinks sales pick up around the world - PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
• Rare earth stocks jump after Trump launches $12 billion critical minerals stockpile - The moves come shortly after President Donald Trump announced the establishment of a U.S. critical mineral reserve.