Business & Markets — June 8, 2026

Weight loss drugmaker falls 25%. Zealand Pharma declined after new safety data on its experimental obesity treatment showed troubling side effects despite meeting key efficacy targets.

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Airline profits to halve this year. Industry association IATA projects airline profitability will drop 50% as jet fuel costs surge by $100 billion. The increases will test traveler tolerance for higher fares.

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Bidding war for world's oldest bank. Intesa Sanpaolo launched a $35.3 billion unsolicited offer for Monte dei Paschi, competing with rival BPM to create Europe's second-largest bank by market cap.

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Second Texas screwworm case threatens livestock. The parasitic larvae that feed on living tissue prompted Canada to restrict US livestock imports after a second case was detected in Texas cattle.

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