Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025Full story: UK will be worst performer in G7 next year, OECD forecastsUS Federal Reserve holds interest rates steady as inflation ticks upNovo Nordisk, the Danish pharmaceutical company behind the Wegovy weight loss drug, has beaten profit expectations as demand booms.Novo Nordisk’s sales increased by 22% in the first quarter, while operating profit rose by 27%.“We are pleased with the sales growth in the first three months of 2024, driven by increased demand for our GLP-1-based diabetes and obesity treatments,” Continue reading...