3 ms·
> Yet Europe is still home to some of the largest stock markets in the world including LSE, Euronext, FSE, SIX Swiss, etc. Total valuation of LSE Euronext is l
by chewz 2y ago
> Yet Europe is still home to some of the largest stock markets in the world including LSE, Euronext, FSE, SIX Swiss, etc.
Total valuation of LSE Euronext is laughable compared to NYSE or Nasdaq. (5,7 vs 30 + 16 trillion USD).
Not to mention that largest European company is producing scarfs and handbags vs Nvidia, Apple or Amazon. It is XIX century vs XXI century comparing EU to US.
- xenospn 2y agoI thought the largest European company is making a miracle drug that is making fat Americans less fat?
- rangestransform 2y agoIIRC novo nordisk is worth more than the rest of the danish gdp combined
- caseyy 2y agoNovo Nordisk also makes cheaper insulin which probably keeps Eli Lilly in check in free markets. Come to think of it, Airbus is a similar example of European competition with the US that keeps the unfettered capitalist competitor in check. Boeing stands to lose something if there is a competitor waiting to eat their market share. Of course, the US is a bit protectionist so free market rules don’t always apply there. But they do in many other parts of the world.
- nradov 2y agoNot for long. There are a lot of similar drugs, some already on the market and others in the pipeline. Recent clinical trials have shown that Eli Lilly's Zepbound (tirzepatide) is superior to Novo Nordisk's Wegovy (semaglutide). https://investor.lilly.com/news-releases/news-release-details/lillys-zepboundr-tirzepatide-superior-wegovyr-semaglutide-head https://investor.lilly.com/news-releases/news-release-detail...