Pharma Power Struggle in Basel: Basel’s Roche and Novartis face a tougher global race as AI, geopolitics and shifting investment patterns reshape drugmaking, forcing the Swiss hub to defend its edge. Banking Scandal Legacy: Ten years after Credit Suisse’s spying scandal, questions linger over whether banks still monitor staff covertly and how regulators should police internal culture. Swiss Corporate Governance: Gentrack announces board retirements—Fiona Oliver steps down Aug. 14 and Stewart Sherriff exits Dec. 31—after a succession and renewal push. Tariff Watch for Alcon: Alcon lifts profit guidance and narrows its estimated US tariff hit to $40m–$90m, factoring in a potential $60m government refund. Digital Identity & Post-Quantum Security: WISeKey spotlights WISeID as AI-era infrastructure, pairing trusted identity with post-quantum protection. Energy Trading Ties: Gunvor signals continued interest in Pakistan’s refinery modernisation and petroleum reforms, including deregulation and bonded storage. AI in Food Delivery: Just Eat expands its AI voice ordering tool to Switzerland and several European markets, aiming to speed up ordering and boost recommendations. Security & Courts: Switzerland’s federal prosecutor reports a record 140 jihadist terrorism investigations, with cases ranging from recruitment to planned attacks. Global Markets Risk: Glencore’s exposure to Radiant World is reported at $500m+ by sources, while the miner disputes the figure’s materiality. Business Travel Upgrade: United begins unlocking privacy doors for Polaris suites on some 787-9 aircraft after FAA certification. Football Governance Fallout: UEFA, AFC and CONCACAF press for an independent review over FIFA’s abandoned commercial-rights plan, while Trump backs Infantino and warns against replacing him. Lebanon Flashpoint: UNIFIL reports 455 Israeli projectiles and 97 airspace breaches into southern Lebanon over the weekend.