Novo Nordisk, other companies meet Danish prime minister following Trump’s Greenland threat

Denmark’s PM Mette Frederiksen speaks to the media next to Minister of Defense Troels Lund Poulsen and Minister of Foreign Affairs Lars Loekke Rasmussen after the meeting in the Foreign Policy Committee at Christiansborg in Copenhagen, Jan. 16, 2025. (Reuters)
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Updated 16 January 2025
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Novo Nordisk, other companies meet Danish prime minister following Trump’s Greenland threat

  • Frederiksen summoned business leaders after speaking on Wednesday with US President-elect Donald Trump
  • The Danish leader said Trump had not retracted his threats of economic coercion during the 45-minute phone conversation

COPENHAGEN: The CEO of obesity drugmaker Novo Nordisk and heads of other Danish companies met on Thursday with Denmark’s Prime Minister Mette Frederiksen to discuss preparations for a possible trade conflict with the United States over Greenland.
Frederiksen summoned business leaders after speaking on Wednesday with US President-elect Donald Trump, who last week refused to rule out military or economic action to take control of Greenland, which is strategically important to Washington.
Trump has suggested he would impose tariffs on Danish goods if it resists his offer to buy the vast Arctic island, a semi-autonomous territory of Denmark.
The Danish leader said Trump had not retracted his threats of economic coercion during the 45-minute phone conversation, in which she told him it was up to Greenland to decide its future and offered to do more to strengthen security in the Arctic.
“We don’t want to have any kind of conflict with the Americans in the trade area, but of course we are working with the companies, with the business organizations and with our European colleagues,” Frederiksen told journalists.
She said she had informed Greenland’s Prime Minister Mute Egede ahead of the phone call with Trump, and that she had also spoken to Egede right afterwards.
“We’re not preparing for specific things we don’t know yet, but it has been hinted at from the US side that there may unfortunately be a situation where we work less together than we do today,” she added.

DISCUSSIONS WITH BUSINESS LEADERS
Frederiksen said she had emphasized in her conversation with Trump that Danish companies contribute to growth and jobs in the United States and that the EU and the US have a common interest in increased trade.
The CEO of Danish obesity and diabetes drugmaker Novo Nordisk, Lars Fruergaard Jorgensen, will participate in the meeting, the company said on Thursday.
Novo, which competes with US drugmaker Eli Lilly in the fast-growing weight-loss drug market, makes the main active ingredient — semaglutide — in its popular obesity and diabetes injections Wegovy and Ozempic in Denmark, and exports it to the United States.
In the first nine months of 2024, Novo’s US sales totalled 115 billion Danish crowns ($15.86 billion), of which obesity drug Wegovy accounted for 31.1 billion.
Other participants in the meeting include CEOs of jewelry maker Pandora, toymaker Lego, brewer Carlsberg , wind turbine maker Vestas and offshore wind farm developer Orsted, the companies said.
Shipping group Maersk said its executives were traveling and would not participate.


Agonizing wait as Switzerland works to identify New Year’s fire victims

Updated 02 January 2026
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Agonizing wait as Switzerland works to identify New Year’s fire victims

  • Authorities begin moving bodies from burned-out bar in luxury ski resor Crans-Montana
  • At least 40 people were killed in one of Switzerland's worst tragedies

CRANS-MONTANA, Switzerland: Families endured an agonizing wait for news of their loved ones Friday as Swiss investigators rushed to identify victims of a ski resort fire at a New Year’s celebration that killed at least 40 people.
Authorities began moving bodies from the burned-out bar in the luxury ski resort town Crans-Montana late Friday morning, with the first silver-colored hearse rolling into the funeral center in nearby Sion shortly after 11:00 am (1000 GMT), AFP journalists saw.
Around 115 people were also injured in the fire, many of them critical condition.
As the scope of the tragedy — one of Switzerland’s worst — began to sink in, Crans-Montana appeared enveloped in a stunned silence.

Mathias Reynard, president of the Council of State of Valais Canton, with Italy's Foreign Minister Antonio Tajani outside "Le Constellation" bar in Crans-Montana where a fire and explosion on New Year's Eve killed more than 40 people. (Reuters)

“The atmosphere is heavy,” Dejan Bajic, a 56-year-old tourist from Geneva who has been coming to the resort since 1974, told AFP.
“It’s like a small village; everyone knows someone who knows someone who’s been affected,” he said.
It is not yet clear what set off the blaze at Le Constellation, a bar popular with young tourists, at around 1:30 am (0030 GMT) Thursday.
Bystanders described scenes of panic and chaos as people tried to break the windows to escape and others, covered in burns, poured into the street.

‘Screaming in pain’

Edmond Cocquyt, a Belgian tourist, told AFP he had seen “bodies lying here, ... covered with a white sheet,” and “young people, totally burned, who were still alive... Screaming in pain.”
The exact death toll was still being established.
And it could rise, with canton president Mathias Reynard telling the regional newspaper Wallizer Bote that at least 80 of the 115 injured were in critical condition.
Swiss authorities warned it could take days to identify everyone who perished, an agonizing wait for family and friends.
Condolences poured in from around the world, including from Pope Leo XIV, who offered “compassion and solidarity” to victims’ families.
Online, desperate appeals abound to find the missing.
“We’ve tried to reach our friends. We took loads of photos and posted them on Instagram, Facebook, all possible social networks to try to find them,” said Eleonore, 17. “But there’s nothing. No response.”

‘The apocalypse’

The exact number of people who were at the bar when it went up in flames remains unclear.
Le Constellation had a capacity of 300 people, plus another 40 people on its terrace, according to the Crans-Montana website.
Swiss President Guy Parmelin, who took office on Thursday, called the fire “a calamity of unprecedented, terrifying proportions” and announced that flags would be flown at half-mast for five days.
“We thought it was just a small fire — but when we got there, it was war,” Mathys, from the neighboring village of Chermignon-d’en-Bas, told AFP. “That’s the only word I can use to describe it: the apocalypse.”

Authorities have declined to speculate on what caused the tragedy, saying only that it was not an attack.
Several witness accounts, broadcast by various media, pointed to sparklers mounted on champagne bottles and held aloft by restaurant staff as part of a regular “show” for patrons.

‘Dramatic’

Pictures and videos shared on social media also showed sparklers on champagne bottles held into the air, as an orange glow began spreading across the ceiling.
One video showed the flames advancing quickly as revellers initially continued to dance.
One young man playfully attempted to extinguish the flames with a large white cloth, but the scene became panic-stricken as people scrambled and screamed in the dark against a backdrop of smoke and flames.
The canton’s chief prosecutor, Beatrice Pilloud, said investigators would examine whether the bar met safety standards.
Red and white caution tape, flowers and candles adorned the street outside, while police shielded the site with white screens.
Italian Foreign Minister Antonio Tajani, who said 13 Italians had been injured in the fire, and six remained missing, was among those to lay flowers at the site.
The French foreign ministry said nine French citizens figured among the injured, and eight others remained unaccounted for.
After emergency units at local hospitals filled, many of the injured were transported across Switzerland and beyond.
Patients are being treated in Italy, France and Germany, and Polish Prime Minister Donald Tusk said his country was ready to provide “specialized medical care to 14 injured.”
Multiple sources told AFP the bar owners were French nationals: a couple originally from Corsica who, according to a relative, are safe, but have been unreachable since the tragedy.