SAP overtakes Novo Nordisk as the most valuable company in Europe
The SAP share $SAP (-0,58 %) shares are currently showing an impressive upward trend. In an exciting race, the technology group from Walldorf has overtaken Novo Nordisk $NOVO B (-0,94 %) and thus secured the title of the most valuable company in Europe. With a market capitalization of 314 billion euros, SAP has overtaken the Danish company, whose value has fallen to around 310 billion euros. This remarkable change is the result of a successful recovery in SAP shares, which have benefited greatly from the company's innovative cloud strategy. This strategy marks a turning point: instead of just selling software licenses, SAP now offers a form of rental via the cloud that is more flexible and appealing to customers. In addition, the boom in the field of artificial intelligence has significantly supported the positive development. In contrast, Novo Nordisk shares have suffered a dramatic fall of almost 50% since their record high last June, due to increasing competition in the lucrative field of weight loss drugs.
Trump threatens new tariffs on oil from Russia
President Trump is causing a stir in the US by announcing a series of tariffs that could have a fundamental impact on trade. On Wednesday, he unveiled the introduction of 25% tariffs on all foreign vehicles, to come into force from April 2. Trump referred to this day as "Liberation Day" and hinted that other trade agreements could also be on the brink. Particularly alarming is his threat to impose 25% tariffs on oil and gas from Venezuela, which could not only strain US trade relations with several countries but also destabilize global energy markets. The EU has already responded with countermeasures to the previously introduced tariffs on steel and aluminum. Trump emphasizes that the tariffs should be fair and pleasant for other countries, but at the same time he hints that higher tariffs are on the cards if other countries try to harm the US economically.
Sources:
https://www.n-tv.de/wirtschaft/SAP-ist-jetzt-Europas-wertvollstes-Unternehmen-article25651782.html