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Sept 1 (Reuters) - European shares edge higher on
Monday, supported by healthcare stocks after data showed Danish
drugmaker Novo Nordisk's weight-loss drug Wegovy offered better
heart-protective benefits than rival treatments from U.S.-based
Eli Lilly ( LLY ).
The pan-European STOXX 600 was up 0.26% at 551.56,
as of 0713 GMT, following its first weekly loss in four on
Friday.
Healthcare stocks were among top sectoral
performers.
Shares of Novo Nordisk, the fourth-largest
healthcare company on the STOXX index, climbed 3.1% after the
company said Wegovy cut the risk of heart attack, stroke or
death by 57% versus Eli Lilly's ( LLY ) rival medicines Mounjaro
and Zepbound in a real-world comparison.
Defence stocks gained 1.2%, with Britain's BAE
Systems up 2%, as Norway said it had chosen Britain as
its strategic partner for the acquisition of new frigates, in a
deal worth some 10 billion pounds ($13.51 billion).
On the other side of the Atlantic, a U.S. appeals court
ruled on Friday that most of U.S. President Donald Trump's
tariffs are illegal, although allowed them to remain in place
until mid-October to permit further appeals.
Trading is expected to be light throughout the day due to a
U.S. holiday.