AGP Executive Report
Last update: 36 minutes agoUBS: The bank reported a third-quarter profit of $2.7 billion, with pre-tax profit up 27%. The results come amid warnings that tougher capital rules could prompt a relocation, putting as many as 12,000 Swiss jobs at risk, according to a workers’ group. Jobs: Switzerland’s unemployment rate remains low by European standards, but jobseekers say finding work that matches their skills can still be difficult as unemployment rises. Biotech: Basel-based BioVersys has dosed the first patient in a Phase 2b trial of BV100, its candidate treatment for serious drug-resistant infections; interim results are expected in the first half of 2027. Digital finance: FINMA has approved Switzerland’s first domestic retail Bitcoin ETF, opening a new regulated investment option. AI rules: Switzerland is advancing sector-specific AI regulation alongside voluntary codes of conduct.
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