Luxury giant loses crown as EU’s most valuable firm ...News

Danish drugmaker Novo Nordisk has eclipsed French conglomerate LVMH in terms of market capitalization Danish pharmaceutical giant Novo Nordisk has overtaken French conglomerate LVMH, the world’s biggest luxury retailer and owner of Louis Vuitton and Dior fashion brands, to become the EU’s most valuable company, trading data shows. The healthcare company’s shares surged 2.14% on Friday, bringing the company’s market capitalization to roughly $424.7 billion. LVMH, Europe’s biggest listed firm since February 2021, saw shares drop by 0.8% on Friday and 14.2% from their all-time high in April. The company was valued at

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