Sandoz CEO warns of Trump’s generic drug tariff threat
American patients would ultimately bear the cost of President Donald Trump‘s threatened tariffs on generic…
Sandoz CEO warns of Trump’s generic drug tariff threat
American patients would ultimately bear the cost of President Donald Trump‘s threatened tariffs on generic drugs, the CEO of Swiss pharmaceutical company Sandoz told CNBC, warning that manufacturers could be forced to raise prices or stop supplying some medicines. “Patients pay the tariff,” Sandoz CEO Richard Saynor said in an interview with CNBC during its…
Google to invest $15 billion into AI infrastructure in Finland
Google on Wednesday said it would invest 13 billion euros ($15.1 billion) into AI infrastructure in Finland, marking the tech giant’s largest single investment in Europe. Finland has emerged as a key location for data centers amid the AI boom, with hyperscalers and developers eyeing its available land and power, which is in short supply…
The world’s highest paid leader is set for a 64% pay rise. Here’s how others compare
Singapore’s Prime Minister Lawrence Wong attends the 28th ASEAN Plus Three (APT) Summit during the 47th Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur on October 27, 2025. (Photo by Vincent Thian / POOL / AFP) (Photo by VINCENT THIAN/POOL/AFP via Getty Images) Vincent Thian | Afp | Getty Images Singapore’s prime minister…
G10’s ‘surprise’ currency star could stumble as peers hike rates
The British pound has largely shrugged off another change of government and geopolitical shocks to outperform many of its peers this year, but the currency’s recent weakness could be set to deepen. Sterling has gained around 1.6% against the euro year-to-date, adding 2.8% against the Swiss franc, 4.9% against the Swedish krona and 1% against…
China’s EV makers shift gears to focus on humanoids as car market slows
XPeng’s humanoid robot IRON is on display during the 2026 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show on May 31, 2026 in Shenzhen, Guangdong province of China. Vcg | Visual China Group | Getty Images Chinese companies rushed into electric cars a decade ago, and now they are expanding into humanoid robots as the…
How Asia’s ultra-rich invest and where wealthy Chinese are migrating
(GERMANY OUT) SGP, Singapore : the Financial District of Singapore / HSBC , Maybank , UOB (Photo by Unkel/ullstein bild via Getty Images) ullstein bild | ullstein bild | Getty Images Asia’s ultra-rich are increasingly willing to tap into new asset classes, gold is leaving Dubai for Singapore and wealthy Chinese are flocking to Malaysia,…
China consumer, wholesale inflation rebound in August
China’s consumer and wholesale inflation rebounded in August, as higher global commodity costs and surging high-tech demand cushioned persistently tepid domestic consumption. The producer price index increased 3.8%, according to data released by the National Bureau of Statistics on Wednesday, exceeding economists’ forecast for a 3.6% gain and outpacing July’s 3.5%, the weakest in three…
Oil prices today: WTI, Brent, U.S.-Iran
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil prices rose Wednesday as escalating tensions between the U.S. and Iran fuel concerns over further disruptions to Middle East energy supplies. U.S. benchmark West Texas Intermediate futures for October delivery jumped 1.75% to $94.66 a barrel. …
Bloom Energy is trading more options than SpaceX
Crude oil is back above $90 and energy stocks in the S&P 500 index are approaching fresh 52-week highs as the group’s year-to-date rally surpasses 40%. Despite energy stocks holding the title as the best-performing sector in the S&P 500 in 2026, options traders seem unconvinced the strength in conventional energy assets will continue. Instead,…
Trump administration has ‘profound concern’ over Ford ties to China
U.S. President Donald Trump and CEO of Ford Jim Farley clap, as President Trump visits a Ford production center, in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters The Trump administration expressed “profound concern” Tuesday about Ford Motor‘s ties to Chinese companies that it believes could be detrimental to the Detroit carmaker and…
