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Reading: Novo Nordisk, different firms to fulfill Danish prime minister following Trump’s Greenland risk By Reuters
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Novo Nordisk, different firms to fulfill Danish prime minister following Trump’s Greenland risk By Reuters
The Tycoon Herald > Business > Novo Nordisk, different firms to fulfill Danish prime minister following Trump’s Greenland risk By Reuters
Business

Novo Nordisk, different firms to fulfill Danish prime minister following Trump’s Greenland risk By Reuters

Tycoon Herald
By Tycoon Herald 4 Min Read Published January 16, 2025
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COPENHAGEN (Reuters) -The CEO of weight problems drug producer Novo Nordisk (NYSE:) and heads of different Danish firms have been anticipated to debate preparations for a attainable commerce battle with the US over Greenland with Denmark’s Prime Minister Mette Frederiksen on Thursday.

Frederiksen summoned enterprise leaders after talking on Wednesday with U.S. President-elect Donald Trump, who final week refused to rule out army or financial motion to take management of Greenland, which is strategically essential to Washington.

The Danish chief instructed a press convention Trump had not retracted his threats of financial coercion in the course of the telephone dialog.

“We don’t want to have any kind of conflict with the Americans in the trade area, but of course we are working with the companies, with the business organizations and with our European colleagues,” she mentioned.

Trump has mentioned it was an “absolute necessity” for the US to take management of the huge Arctic island, a semi-autonomous territory of Denmark, and urged he would impose tariffs on Denmark if it resists his supply to purchase it.

Frederiksen instructed Trump of their 45-minute telephone dialog on Wednesday that it was as much as Greenland to resolve its future and that Denmark is prepared to do extra to strengthen safety within the Arctic.

She additionally emphasised that Danish firms contribute to progress and jobs in the US and that the EU and the U.S. have a standard curiosity in elevated commerce.

The CEO of Danish weight problems and diabetes drugmaker Novo Nordisk, Lars Fruergaard Jorgensen, will take part within the assembly, the corporate mentioned on Thursday.

Within the first 9 months of 2024, Novo’s U.S. gross sales totalled 115 billion Danish crowns ($15.86 billion), of which weight problems drug Wegovy accounted for 31.1 billion.

Alexander Lacik, CEO of jewelry maker Pandora (OTC:) and Niels Christiansen, the CEO of toymaker Lego may even take part, the 2 firms mentioned, respectively. Carlsberg (CSE:) mentioned that its CEO, Jacob Aarup-Andersen, would additionally be a part of.

The CEOs of wind turbine maker Vestas and Orsted (CSE:), the world’s greatest offshore wind farm developer, have been additionally attending, the 2 firms mentioned.

Transport group Maersk mentioned its executives wouldn’t take part as they have been travelling.

“It’s important that we have a good and constructive dialogue with the Danish business community. In a time of geopolitical tensions, we must seek dialogue and cooperation,” Minister for Commerce and Trade Morten Bodskov mentioned in an announcement.

The ministry declined to offer any element on the time for the assembly or who was invited.

Novo Nordisk, different firms to fulfill Danish prime minister following Trump’s Greenland risk By Reuters

Following Frederiksen’s dialog with Trump, overseas minister Lars Lokke Rasmussen additionally referred to as members of the overseas coverage committee to a gathering on Thursday.

($1 = 7.2515 Danish crowns)

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TAGGED:companiesDanishGreenlandmeetministerNordiskNovoPrimeReutersThreatTrumps
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