AGP Executive Report
Last update: 42 minutes agoPharma: Novartis lifted its 2026 core-profit outlook after third-quarter sales rose 4% to $14.5 billion, despite a $1.9 billion charge tied to a failed drug trial. Basel-based Basilea also raised its full-year operating-profit forecast to CHF115 million from CHF70 million. Banking: UBS says its Credit Suisse integration slowed AI adoption, but the bank can now put more focus on technology. A workers’ group warns proposed capital rules could put up to 12,000 Swiss jobs at risk if UBS moves its headquarters abroad. Retail: Migros plans to merge its 10 regional cooperatives to improve efficiency. Industry and trade: Sulzer signed a five-year alliance with Venezuela’s PDVSA to develop industrial infrastructure. The Vietnam–EFTA trade deal could also open new opportunities for Swiss precision engineering and technology suppliers. Employment: Sunrise plans 358 job cuts as part of a reorganisation, while Just Eat is also preparing to cut hundreds of Swiss jobs.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
