The CEO of obesity drug manufacturer Novo Nordisk and heads of other Danish companies were expected to discuss preparations for a possible trade conflict with the United States over Greenland with Denmark's Prime Minister Mette Frederiksen on Thursday.

The head of Ozempic maker Novo Nordisk A/S is among business executives who are meeting the Danish prime minister to discuss potential measures by the incoming Trump administration amid escalating tensions over Greenland.

Denmark's Prime Minister Mette Frederiksen called business leaders to a meeting on Thursday after U.S. President-elect Donald Trump last week refused to rule out military or economic action to take control of Greenland.

One European diplomat told Axios that Denmark was widely seen as America’s closest ally in the European Union, and that no one could have imagined it’d be the first Trump would pick a

Trump Jr. reportedly claimed during his visit that the Danish people exhibit racism toward native Greenlanders. Frederiksen on Thursday addressed those accusations, saying: “You can’t say that Danes are racists across the board,” while acknowledging that racism against Greenlanders does exist.

Denmark's Prime Minister Mette Frederiksen said on Wednesday she had spoken on the phone with U.S. President-elect Donald Trump and told him that it is up to Greenland itself to decide on any independence.