Economy

Crypto Market
Trump Family Billions Poorer After Crypto Crash

President Donald Trump's family has lost nearly a billion dollars, equivalent to approximately 9.5 billion kronor, of its fortune in less than two months. The reason is the great crypto crash of the fall, which has hit the family's portfolio hard. Bloomberg reports.

The value of the Trump family's World Liberty Financial cryptocurrency WLFI has plummeted by about 25 percent since August, down to about 15 cents per WLFI.

At the same time, son Eric Trump's stake in a company that mines bitcoin has halved in value since the peak. However, he still views crypto holdings optimistically.

"People who buy in the downturns and accept the volatility will be the ultimate winners," he writes in a comment to Bloomberg.

Added to this is the price collapse of the company Trump Media & Technology Group, which invested heavily in bitcoin purchases earlier in 2025. The stock has lost 66 percent of its value in a year and is hovering around record lows.

The development of electric cars
BMW considers building gasoline engines into electric cars

The German automaker BMW is considering equipping several of its top electric models with small combustion engines that can be used to extend the car's range. This is reported by Bloomberg sources.

The plan is said to be a move to improve the manufacturer's competitiveness in China. Unlike in Europe, such support engines, so-called range extenders, are more common on electric cars for the Chinese market. The technology is used by market leader BYD, among others.

Ozempic company's stock plummets after flopped study

Novo Nordisk's phase 3 studies Evoke and Evoke+ did not achieve a statistically significant reduction in the progression of Alzheimer's disease. Novo Nordisk is therefore closing the studies, according to a press release from the Danish pharmaceutical giant.

The stock initially fell 12 percent on the Copenhagen Stock Exchange, but is trading around 1:05 p.m. down 8 percent.

– Based on the unmet need in Alzheimer's disease and a number of indicative data points, we felt we had a responsibility to explore the potential of semaglutide, despite a low probability of success, says the pharmaceutical giant's vice president Martin Holst Lange.

The Evoke studies included a total of 3,808 adults and evaluated the effectiveness of oral semaglutide compared to placebo.

Scania's sales
Scania gears up in China with new factory: "I get goosebumps"

Truck giant Scania has opened its factory in Rugao, China, a city with 1.2 million inhabitants, writes Dagens Industri in a report. The factory consists of a total of 31 buildings within an area of ​​800,000 square meters.

– I get goosebumps, this is as big as it gets to have done this in just a little more than two years, says CEO Christian Levin to DI.

With the factory, Scania becomes the first truck manufacturer in the West to both build and operate its own factory in China. This is happening at the same time that competitors Volvo and Daimler are reducing their investment in the country.

Today's stock market
AI rally divides the stock market: "Strong concerns that it will burst"

Nvidia's strong first half has not reassured everyone and the question of whether the AI ​​rally is intact is dividing investors, writes Bloomberg. Skeptics worry about huge capital investments and high valuations in a small group of stocks on which the AI ​​boom rests.

Optimists see the recent decline as a healthy setback and see no signs that the technology giants will reduce their investments.

- We have had such a long bull market and valuations are so strained that the fear that the AI ​​bubble will burst is great, says SLC Management CEO Dec Mullarkey to the news agency.

Other investors see potential for continued growth and point to interest rate cuts, less regulation and more IPOs, he adds.