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Mounting demand for Novo Nordisk-made Ozempic and Wegovy has fueled a rise in illegal sales of the weight-loss drugs in Denmark, where the pharmaceutical company is based, the Danish Medicines Agency reported.

The agency said in a statement issued Tuesday that authorities know of 26 websites illicitly selling what they claim to be Ozempic and Wegovy.

The drugs, which were initially prescribed as once-weekly shots to treat Type 2 diabetes but have since gained immense mainstream popularity for its miraculous weight-loss effects.

“There are no surprises or new trends that we were not already aware of.As a result of the great demand and media attention, we had unfortunately expected an increased illegal supply of the semaglutide preparations Ozempic and Wegovy,” Danish Medicines Agency head Jeanna Majland said in the statement, which was earlier reported on by Bloomberg.

America’s Food and Drug Administration has also reportedly launched an investigation into so-called “faux-zempic” after health authorities were tipped off to numerous fraudulent schemes of counterfeit Ozempic trafficking in the US.

In addition, the European Medicines Agency last month issued a warning against counterfeit Ozempic pens, which the organization said boasted labels in German “falsely labeled as diabetes medicine Ozempic” with 1 milligram of semaglutide for injection.

Both Ozempic and Wegovy are semaglutide injections, a type of strong medication that mimics the actions of the GLP-1 hormone, which the pancreas releases after eating that makes people feel full.

A representatives for Novo Nordisk told The Post that the company has filed legal actions against medical spas, and weight-loss and medical clinics, as well as “pharmacies that are engaging in the unlawful sales of compounded products claiming to contain semaglutide.”

“In addition, we have been and will continue to issue cease-and-desist letters to entities engaged in similar conduct,” the spokesperson said.

Since the Ozempic and Wegovy craze took effect, their appetite-suppressing benefits have taken both Hollywood and non-celebrities by storm so much so that even Walmart said the medications were causing shoppers to pare back on groceries.

Customers haven’t seemed to mind the series of bizarre side effects that have emerged, including Ozempic butt where users are claiming that their derrires have flattened along with their tummies.

Users later warned of Ozempic finger, where finger and wrist sizes were rapidly shrinking too, causing women to fear that their engagement rings would fall off.

The latest — and much more serious — side effect saw patients reporting that the medicines triggered thoughts of suicide and self-harm.

Last month, the pharma giant overtook French luxury empire LVMH as Europe’s most valuable company.

Novo Nordisk saw its market capitalization surge to $424.7 billion during Sept. 1 trading in London — beating out the luxury retail conglomerate owned by the family of Bernard Arnault.

The same day, LVMH — which has been Europes most valuable company for two-and-a-half years and includes brands Louis Vuitton, Dior, and Sephora — had a market cap of $420.1 billion, according to Refinitiv data cited by the Reuters news agency.

As of Wednesday, the Danish multinational company’s market value has dropped to $333 billion.

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Technology

Tesla denies report that the EV maker is looking to replace Elon Musk

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Tesla denies report that the EV maker is looking to replace Elon Musk

Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025.

Nathan Howard | Reuters

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk.

The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a formal process for finding the company’s next CEO. Shares of Tesla fell as much as 3% in overnight trading on trading platform Robinhood following the news, before paring losses.

Tesla chair Robyn Denholm wrote on the social media platform X that the report was “absolutely false.”

“Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company,” she wrote.

“This is absolutely false (and this was communicated to the media before the report was published). The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”

It comes after a sharp drop in the electric vehicle giant’s sales and profits, with its top and bottom lines missing estimates in the first quarter. Musk has admitted that his involvement with the Trump administration could be hurting the automaker’s stock price.

The mega-billionaire said on a Tesla earnings call last week that he plans to spend just a “day or two per week” running the so-called Department of Government Efficiency beginning in May.

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Shares of Tesla

Tesla’s total revenue slipped 9% year-on-year to hit $19.34 billion in the January-March quarter. This falls short of the $21.11 billion forecast by analysts, LSEG data shows.

Revenue from its automotive segment declined 20% year-on-year to $14 billion, as the company needed to update lines at its four vehicle factories to start making a refreshed version of its popular Model Y SUV. Tesla also attributed the decline to lower average selling prices and sales incentives as a drag on revenue and profit.

Its net income plunged 71% to $409 million, or 12 cents a share, from $1.39 billion or 41 cents a year ago.

Since the start of the year, its shares have plunged over 30%.

— CNBC’s Dan Mangan and Laura Kolodny contributed to this report.

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Business

Tesla’s board members have reportedly started looking for Elon Musk’s successor as CEO

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Tesla's board members have reportedly started looking for Elon Musk's successor as CEO

Tesla’s board members have reportedly started a search for someone to replace Elon Musk as CEO.

Several executive search firms were approached to find a successor around a month ago, the Wall Street Journal reported.

But it added that the current status of the succession planning for the electric car-maker was not known.

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Musk jokes about attacks on Tesla cars

Tesla’s chair, Robyn Denholm, later reacted to the report by insisting that any suggestion of an active search was “absolutely false”.

She added that the board was highly confident in Musk’s ability to continue “executing on the exciting growth plan ahead”.

Musk’s net worth has plunged and Tesla stocks have fallen sharply amid a public backlash over his role in Donald Trump’s government. He owns just under 13% of Tesla stock and is the largest shareholder.

The world’s richest man has been leading the Department of Government Efficiency (DOGE), where he has overseen the firing of tens of thousands of government employees.

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He has also supported far-right parties in Europe, which has led to protests against Musk and Tesla, which have seen its showrooms and charging stations vandalised across the US and Europe.

President Trump has labelled the vandals “terrorists”.

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Musk pulls back from DOGE role

It comes after Musk said the time he spends with DOGE would “drop significantly” from May and he will dedicate more time to running his companies, such as Tesla, SpaceX and X.

The board members met with Musk and asked him to announce publicly he would spend more time at Tesla, the report said.

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It was unclear if Musk, who is a member of the board, was aware of any attempts to identify a successor, or if his pledge to spend more time at Tesla had affected succession planning, it added.

On Wednesday, Mr Trump said Musk could be part of his administration for as long as he wants.

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“You’re invited to stay as long as you want,” Mr Trump said.

He said Musk had been “treated unfairly” for his role in helping Mr Trump slash the size of the federal government, adding: “You really have sacrificed a lot.”

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Politics

Voting under way to decide thousands of councillors and Runcorn and Helsby by-election

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Voting under way to decide thousands of councillors and Runcorn and Helsby by-election

Voting is under way in local elections across England, as well as in the Runcorn and Helsby by-election.

Due to Ofcom rules, Sky News is limited on what it can report until polls close at 10pm.

The votes mark the first electoral test for the party leaders since last year’s general election.

In total, 23 of England’s 317 local authorities are holding elections, alongside the Isles of Scilly.

The make up of around 1,270 parish councils are also due to be decided.

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And six metro mayors are up for election.

The West of England, Cambridgeshire and Peterborough, Doncaster, and North Tyneside mayoralties already have a mayor in place – while Greater Lincolnshire and Hull and East Yorkshire are choosing a mayor for the first time.

Meanwhile, a by-election is being held in Runcorn and Helsby after previous Labour MP Mike Amesbury agreed to stand down following his conviction for punching a man in the street.

While this result is likely to come in overnight, most local election results won’t be known until Friday.

All voters in these elections must be over 18, and be registered.

Join Sky News presenter Jonathan Samuels and deputy political editor Sam Coates from midnight as the results start coming in. Lead politics presenter Sophy Ridge, political editor Beth Rigby, and data and economics editor Ed Conway will be taking over on Friday to report and explain what has happened.

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