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…

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AstraZeneca COPD drug tozorakimab shows positive late-stage trial results

AstraZeneca on Tuesday released full results from two successful late-stage trials on its experimental drug for chronic obstructive pulmonary disease, boosting hopes that it could generate multibillion-dollar sales for the company.  The biologic medicine, tozorakimab, is under priority review by the Food and Drug Administration, with U.S. approval expected in the first quarter of 2027….

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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…

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JLR to cut thousands of jobs in cost-saving drive

General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images Thousands of workers at Britain’s Jaguar Land Rover (JLR) will be offered voluntary redundancies as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals,…

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U.S. defense, energy add to Detroit automakers rivalry

The GM Defense Infantry Squad Vehicle was engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities. But their…

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LeBron James teases partnership with Polymarket

Sports legend LeBron James speaking at the CNBC Game Plan Summit in New York City on July 16, 2026. Shea Kastriner | CNBC Superstar athlete LeBron James teased an upcoming partnership with prediction market platform Polymarket in a social media post on Saturday. James posted a 14-second video on social media platform X that appeared…

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