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Beacon Roofing Supply signs US$225M accelerated share repurchase agreement with Citibank, expected to finalize in Q4; buyback is part of its ongoing shareholder value creation strategy and Ambition 2025 plan

Citi rates Novo Nordisk at buy, expecting its sales to grow by 27% in 2024, as price of GLP-1 drugs fall and clinical data support their use; Novo has 12 million patients on GLP-1 drugs, while addressable population for treatment approaches 1 billion

Citi upgrades Target to buy from neutral and names it one of retail sector's winners after a choppy few years, citing well-controlled inventory, easier sales comparisons, conservative guidance and new membership program

Citigroup CEO notes US consumers are spending less, struggling with loan payments, causing banks to tread cautiously on unsecured lending

Pfizer names Andrew Baum, M.D., as chief strategy and innovation officer and EVP; Dr. Baum is the former head of global healthcare at Citi

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