Swiss Tech & Safety: Switzerland provided Nepal with a Flyability tunnel-rescue drone after the Bhotekoshi flood, designed for dark, narrow, hazardous spaces and to keep flying after collisions. Swiss Business & Finance: UBS expects Panama’s economy to grow about 5% in 2026 as uncertainty fades, construction and tourism recover, and fiscal accounts improve. Swiss Health & Pharma: Roche’s trontinemab is set to be tested in a European trial for people without Alzheimer’s symptoms but at high risk, using blood biomarker screening. Energy & Geopolitics: The US destroyed three Iranian oil tankers amid renewed Iran–US clashes, with knock-on effects for Middle East crude flows. Markets & Macro: US job growth and services activity strengthened, while Europe’s inflation quickened; investors watch next week’s US price data. Crypto & Commodities: Bitcoin’s ratio versus gold jumped as debt and currency-debasement fears lifted both assets. Swiss Watch Industry: Swiss watchmakers face pressure as Gen Z shifts away from traditional status buying, with mid-market brands hit hardest. Aviation: Air travel disruptions continue in the UAE, with delays reported on multiple routes. Climate Risk: El Niño is forecast to strengthen into 2027, raising extreme-weather risk. Corporate/Deal Watch: Roivant and Pulmovant will present Phase 2 PHocus results on mosliciguat at the ERS congress, alongside an investor call.