Novartis stock plummets 10% after third trial disappointment in a week
FILE PHOTO: The logo of Swiss drugmaker Novartis is seen at the company’s new cell…
Novartis stock plummets 10% after third trial disappointment in a week
FILE PHOTO: The logo of Swiss drugmaker Novartis is seen at the company’s new cell and gene therapy factory in Stein, Switzerland, November 28, 2019. Arnd Wiegmann | Reuters Novartis shares tanked 10% on Tuesday after the pharmaceutical giant said its del-desiran drug for muscle-wasting disorder failed in a late-stage trial. The company’s stock was…
Canada tariffs up to 50% come into effect on $27.6 billion U.S. goods
A truck crosses into the United States on the Gordie Howe International Bridge, connecting Windsor, Ontario, and Detroit, Michigan, on September 6, 2025. Jeff Kowalsky | Afp | Getty Images Canada’s retaliatory tariffs on a swathe of U.S. goods took effect on Tuesday after trade talks collapsed last month, as relations between Washington and Ottawa…
Oil extends gains on renewed Mideast hostilities
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil prices extended gains Tuesday and were hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend. Futures for international benchmark Brent crude for November delivery gained…
Novartis trial failure raises stakes for Amgen and Eli Lilly in Lp(a) drug race
Blood sample for a lipoprotein(a) test. Md Babul Hosen | Istock | Getty Images Novartis‘ failure in a closely watched cardiovascular trial has raised questions about one of the pharmaceutical industry’s biggest drug races and rival treatments from U.S. heavyweights Amgen and Eli Lilly. The pelacarsen drug, developed jointly with Ionis Pharmaceuticals, reduced a particularly…
Global markets shrug off shocks. HSBC sees what could break the streak
A trader works on the floor of the New York Stock Exchange. NYSE Global markets have shrugged off a barrage of shocks in recent years, but HSBC sees several developments that could eventually end that streak. The key risks include higher corporate taxes, a renewed rise in private-sector debt and a shift in the relationship…
China’s imports in August miss estimates as exports pick up pace
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s trade gained pace in August, though…
Iran takes aim at Canada for supporting U.S. in Strait of Hormuz
A flag adorns the ArcelorMittal Dofasco steel plant as trade tensions escalate over U.S. tariffs and retaliatory measures by Canada in Hamilton, Ontario, Canada, Aug. 24, 2026. Carlos Osorio | Reuters Iran hit out at Canada for supporting U.S. actions in the Strait of Hormuz, calling Ottawa’s moves “a display of strategic confusion and submission…
China’s weak consumer becomes the world’s problem
A China-Africa liner carrying 23800 tons of mechanical equipment and engineering vehicles set sail from Yantai Port to Ghana, Yantai City, Shandong Province, China on September 3, 2026. Cfoto | Future Publishing | Getty Images Hi, this is Evelyn, writing to you from Singapore. Welcome to the latest edition of The China Connection — a…
Here are the 3 big things we’re watching in this holiday-shortened trading week
Goodbye, summer. With Labor Day marking the unofficial end of summer, traders and portfolio managers will return from vacations and be back at their desks in full force. Portfolios tend to see some house-cleaning adjustments. Trading volumes pick up. Midterm elections are also on the horizon this year, which can add volatility in the run-up…
Crashed Amazon cargo jet struck two vehicles, ended up 1,300 feet past runway, NTSB says
An Amazon cargo plane crashed after overshooting the runway at Miami International Airport (MIA) in Miami, Florida, on Sept. 6, 2026. The Boeing 767-300, operated by 21 Air as Prime Air Flight 7598, overshot the runway and burst into flames on Sunday, killing at least five people and shutting down the airport’s runways. Eva Marie…
