Caroline Hepker

The news follows Mandelson's resignation from the House of Lords after the Prime Minister Keir Starmer called his actions, quote, disgusting.

The leader of the opposition, Kemi Badenoch, questioned Mandelson's previous appointment as the UK's ambassador to the United States.

Conservative Party leader Kemi Badenoch speaking there following the release of US Justice Department files, which appear to show Mandelson forwarding internal Downing Street emails to Epstein.

The European Commission is also assessing whether the former Labour peer breached its code of conduct through contact with Epstein, given that Mandelson was the EU's trade commissioner from 2004 to 2008.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepker.

News when you want it with Bloomberg News Now.

I'm Caroline Hepker.

Traders have dumped stocks across the software, financial services and asset management sectors after a new AI automation tool from Anthropic sparked a massive sell-off.

The latest release has supercharged disruption fears that have been simmering across the software industry for months.

Jefferies, equities trader Jeffery for Vooza,

described the $285 billion route as an apocalypse for software-as-a-service stocks.

He added that trading is very much get-me-out style selling.

Here's the view of Mandeep Singh, Bloomberg Intelligence's Senior Global Head of Technology Research.

Mandeep Singh speaking there.

Our software stocks slid from India to Japan following similar declines across the US and European peers.

Now, when it comes to Novonordisk, the company has warned of a steep decline in sales of its drugs in a move that shocked investors.

The company said that it expects sales will fall by as much as 13% due to lower prices for its blockbuster weight loss medicines, driven by a US government push to bring down drug costs.

Novo's American depository receipts fell by 15% on Tuesday, their biggest decline since July.

Novo Nordisk CEO Mike Duster spoke to Bloomberg after the announcement.