Breaking News: Europe

• Sweden’s Volvo Cars on track for worst trading day ever as shares plunge over 19% - The Sweden-based automaker posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.
• Oil giant Shell misses fourth-quarter profit estimates as crude prices slide - The results come as lower oil prices force European energy majors to confront some tough choices.
• Novo Nordisk shares tumble 18% as CEO warns it will get worse before it gets better - Just as Novo Nordisk showed signs of a recovery, another cold shower hit investors as the drugmaker surprise prereleased its 2026 forecast late Tuesday, sending shares tumbling. 
• UBS beats expectations with $1.2 billion fourth-quarter profit, plans $3 billion buyback - UBS reported its fourth quarter earnings on Wednesday.
• Novo Nordisk shares tumble after company warns of sales hit this year - The company is banking on its Wegovy pill and next-generation weight loss injectable CagriSema to recapture share of the key U.S. market. 
• Rare earth stocks jump after Trump launches $12 billion critical minerals stockpile - The moves come shortly after President Donald Trump announced the establishment of a U.S. critical mineral reserve.
• LVMH shares plummet 7% as fourth-quarter results lag competitors - LVMH shares plummeted Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday.
• Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut - Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday.
• Trump calls for 'immediate negotiations' on Greenland, but rules out using force - President Donald Trump called for "immediate negotiations" with Denmark to "discuss the acquisition of Greenland by the United States."
• Trump is showing the world the U.S. is 'back,' Scott Bessent tells CNBC as Greenland tensions ratchet up - President Donald Trump's bid to acquire Greenland is 'not something new,' said U.S. Treasury Secretary Scott Bessent, speaking to CNBC.