FOX BUSINESS

FOX Business Briefs 9/10

Producer prices slipped in August; report: holiday sales set for slowest growth since pandemic; ALDI drops free 5.5 square-foot-long grocery bag for limited time; Survey: DIY projects are a confidence boost.

Ozempic maker to cut thousands of jobs

The Danish pharmaceutical company will reduce its 78,400-person workforce by approximately 9,000 positions to streamline operations and reinvest in diabetes and obesity drugs.

Klarna shares jump in trading debut

Buy now, pay later company Klarna is valued at $15 billion ahead of its initial public offering on Wednesday. The Swedish firm priced its IPO at a higher-than-expected $40 a share.