Novo defends diversification push as CEO eyes deals beyond obesity

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Novo CEO Mike Doustdar told CNBC that the pharmaceutical giant is considering M&A opportunities as it faces growing competition in the crowded weight-loss market. "Let's see where the gaps are, and let's go out and see who has produced or is about to introduce better drugs than we are able to do on our own, and when that gap can be filled with M&A, we are actually quite interested about it," Doustdar said on CNBC's "Squawk Box Europe" on Tuesday. He was speaking after the company faced investor pressure at its Capital Markets Day event on Monday , where it unveiled a turnaround plan that failed to convince markets it was ready to compete when the active ingredient in its weight-loss medication Wegovy starts losing key exclusivity in the early 2030s. Novo shares over the past 12 months. Novo was last seen trading just below the flatline, down 0.75%, after falling nearly 8% on Monday, its worst trading day since February. "I think yesterday w...
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Should You Be Bullish on Fastly (FSLY)?

Should You Be Bullish on Fastly (FSLY)? Soumya Eswaran Mon, September 21, 2026 at 6:17 AM PDT 3 min read FSLY ^RUT Carillon Tower Advisers , an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Small Cap Growth Fund". The letter can be downloaded here . Small-cap stocks rallied broadly in the second quarter, with the Russell 2000 Growth Index (+25.71%) outpacing Value +17.24%). Information Technology (+46.79%) led all sectors, supported by solid gains in Real Estate (+25.91%), Industrials (+25.80%), and Health Care (+25.54%). Consumer and defensive sectors lagged, while Energy (-2.40%) was the sole sector in the red. Following a strong quarter, the outlook for equity markets remains positive, supported by robust corporate profits and economic growth. However, midterm election uncertainties could introduce volatility, especially around data center development, a key economic driver. The $1 trillion data center spending boosts corporate earnings and supports ongoing AI infrastructure investments. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026. In its second-quarter 2026 investor letter, Carillon Eagle Small Cap Growth Fund highlighted Fastly, Inc. (NASDAQ: FSLY ). Fastly, Inc. (NASDAQ:FSLY) operates an edge cloud platform that enables customers to process, serve, and secure applications. On September 18, 2026, Fastly, Inc. (NASDAQ:FSLY) closed at $23.86 per share. Over the past month, Fastly, Inc. (NASDAQ:FSLY) returned 4.01%, but its shares are up 172.37% over the past year. Fastly, Inc. (NASDAQ:FSLY) has a market capitalization of $3.80 billion, and its stock has traded within a 52-week range of $7.74 to $34.82. Carillon Eagle Mid Cap Growth Fund stated the following regarding Fastly, Inc. (NASDAQ:FSLY) in its Q2 2026 investor letter: "Fastly, Inc. (NASDAQ:FSLY) provides a content delivery network (CDN) to speed up access to data over the internet. The company has seen strength in the core business as certain sub-scale competitors have left the industry, but that did not translate into a more robust growth rate. However, we remain enthusiastic about the company as the CDN industry needs more compute at the edge of the network and we see Fastly as well positioned to benefit as AI and increasingly agentic AI drive the need for speed and compute closer to the end user." Is Fastly Inc. (FSLY) the Best AI Stock to Buy Under $10? Fastly, Inc. (NASDAQ:FSLY) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . As per our database, 28 hedge fund portfolios held Fastly, Inc. (NASDAQ:FSLY) at the end of the second quarter, which was 41 in the previous quarter. While we acknowledge the potential of Fastly, Inc. (NASDAQ:FSLY) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . Story Continues In another article , we discussed Fastly, Inc. (NASDAQ:FSLY) and shared a list...

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