LONDON — European markets closed higher on Tuesday, paring the previous session’s losses.
The pan-European Stoxx 600 closed up 0.3%, notching a new record closing high, lifted by surging shares of Copenhagen-listed Novo Nordisk.
That brings the benchmark’s year-to-date gains to 16%. With a week to go, it looks on track for its third consecutive year of gains.
Investors are watching Novo Nordisk stock after the Wegovy-maker gained FDA approval for the first-ever GLP-1 pill, giving the Danish firm a head start over U.S. rival Eli Lilly….