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Novo Nordisk (NVO) Saxenda (liraglutide 3 mg) received FDA approval as the first once-daily human glucagon-like peptide-1 analogue for the treatment of obesity. The company intends to launch Saxenda in the U.S. in the first half of 2015.The approval came on the back of a 14:1 vote by an FDA Advisory Committee regarding the overall risk-benefit of the product and its efficacy and safety in chronic weight management. Saxenda can be used as an adjunct to reduced-calorie diet and increased physical activity for chronic weight management in obese (BMI ≥30 kg/m2) or overweight (BMI ≥27 kg/m2) adults suffering from at least one weight related comorbidity such as type II diabetes or cardiovascular disease. Lower doses of liraglutide (1.2 mg and 1.8 mg) are already available under the trade name Victoza for the management of type II diabetes. Saxenda is currently under review by the European Medicines Agency for the same indication. Our Take We are encouraged by the approval of Saxenda in the U.S. Although the market for obesity management is pretty crowded with approved treatments including Takeda (TKPYY)/Orexigens (OREX) Contrave and Arena Pharmaceuticals (ARNA) Belviq the increasing prevalence of obesity across the world and its association with modern-day lifestyle provides ample opportunity for new drugs like Saxenda. According to Novo Nordisk approximately 35% of the adult population in the US nearly 80 million people suffer from the disease. Novo Nordisk had stated in a presentation in Oct 2013 that it expects demand for Saxenda to come from a small segment of people suffering from obesity. However the company aims at increasing market share once it successfully captures the demand of patients currently undergoing treatment for obesity. Novo Nordisk carries a Zacks Rank #4 (Sell). Arena Pharmaceuticals is a better-ranked stock with a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today you can download 7 Best Stocks for the Next 30 Days. WAUSAU Wis. (AP) Neil Olson put up a Christmas tree when two of his sons went off to war in 1974 vowing not to take it down until all six children returned to his Wisconsin home for Christmas. The same tree he says is still standing in his living room. Olsons oldest son was injured in the Vietnam War and his disability has stopped him from returning to Wausau from Washington state for Christmas. So the tree has stayed up still covered in the same ornaments tinsel and lights as the day Olson decorated it. And the needles though yellowing are still there. The needles are kept on for a reason Olson 89 told the Wausau Daily Herald for a story published Wednesday. It is supernatural I say. Five of Olsons six sons live in Wausau. His youngest Rich Olson said the tree has become part of his father furniture. It is like family now. I hate to take it down he said. Despite its permanent status in his home Neil Olson has not flicked on the lights since the year he put up the tree. The large multi-colored lights are now nearly 100 years old he said. This is a close-up of the 40-year-old Christmas tree that sits in the living room of Neil Olson. It would just blow up on me he joked. All that dust on there. It would be like an atomic bomb. Olson said he still hopes his oldest son with whom he still talks, will make it home for Christmas one year. I bet you if my sixth boy comes home the needles will drop right off he said.MESA Ariz. (AP) Arizona wildlife managers say they believe the black bear that was spotted twice this week in a Phoenix suburb but eluded capture finally has been caught. The bear was captured Christmas morning in the backyard of an empty home in eastern Mesa. Authorities spotted the animal around 5 a.m. and followed it to a neighborhood. Mesa police set up a perimeter and a wildlife officer shot it with a tranquilizer dart. It climbed a 6-foot block wall fence and then promptly went to sleep and we were able to capture it safely. It was a great happy ending to the story Arizona Game and Fish Department spokeswoman Amy Burnett told KSAZ-TV. Burnett said the bear a 125-pound male that is about 2 to 3 years old likely will be relocated to the Tonto National Forest after it is evaluated. Officials said the sighting was rare for the Phoenix metro area where a bear is spotted once every couple of years. The animal was first spotted Monday when TV news helicopters captured video of the bear bounding across an alfalfa field on the outskirts of Mesa and then standing within feet of a game warden wielding a tranquilizer gun. The bear proved elusive after it entered a former General Motors test site filled with shrubbery and trees. Officials decided the site was too large to search. Residents spotted the animal again before dawn Tuesday. Authorities searched near the Mesa airport but found nothing. The sightings sparked chatter on social media including someone setting up a Twitter account for Mesa Bear. By Thursday the account had more than 400 followers. It is unknown where the bear came from or how long it had been in the area. Black bears are the only species of bears living in Arizona with an estimated 3000 to 5000 of them in the state. wildlife officials say.