Exclusive-Lindt investors seek board shake-up at chocolate maker after CEO ouster

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• Novo raises full-year outlook as Wegovy sales impress

  Strong quarterly earnings reported early Wednesday were powered by robust sales of the Wegovy pill, which significantly surpassed market estimates. The Danish weight-loss drug manufacturer is attempting to rebuild operational momentum following a tumultuous year marked by competitive setbacks against Eli Lilly. This positive financial revision reflects renewed strength in the company's core commercial performance.

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• South Korean TV drama production at risk of collapse, industry groups warn

  Escalating production costs driven by well-funded international streaming services have severely strained domestic broadcasters, forcing local channels to sharply reduce their scripted lineups. A united front of twelve entertainment organizations is now demanding state intervention to sustain the country's television ecosystem. The downturn threatens to erode the broader creative sector as advertising revenues fail to keep pace with soaring project budgets.

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• India-based EloElo, whose Story TV microdrama app has 33M+ estimated active users, raised an $80M Series C from Hornbill Capital and NBCU at a $500M valuation (Ivan Mehta/TechCrunch)

  The fresh capital injection will support the Indian platform as it capitalizes on surging consumer demand for short-form entertainment. Backing from a major global media powerhouse alongside institutional investors highlights growing international confidence in regional microdrama formats. This substantial valuation reflects the platform's ability to engage tens of millions of viewers rapidly.

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