Companies
Palvella Seeks FDA Approval for Rare Skin Disease Drug, Eyes $1B Peak Sales
Palvella's QTORIN rapamycin for microcystic lymphatic malformations filed an NDA in August 2024 under the 505(b)(2) pathway with priority review, targeting first-half 2027 approval.
Mobix Labs wins $1M production order for threat-detection systems
The Irvine-based defense electronics maker received the order for RF sensing subsystems through its RaGE Systems division from a security-technology provider supporting a U.S. government program.
CDT Equity Taps QIMA for Autoimmune Skin Therapy Development
CDT Equity partners with QIMA Life Sciences to explore tapinarof combinations in vitiligo and psoriasis, targeting a market projected to reach $6.6B by 2030.
Nestlé Faces Potential CHF 1 Billion Write-Down as Russia Seizes Operations
Russia placed Nestlé Russia and Nestlé Kuban under temporary administration; shares fall 1.5%. Analysts warn of possible full loss and a valuation hit.
Russia places Nestlé and other European firms under forced administration
The Kremlin ordered forced administration of Nestlé’s Russian operations and the Russian units of Auchan and Leroy Merlin, citing their origin in countries it deems unfriendly for supporting Ukraine.
Buffett Steps Down as Berkshire Chairman, Handing Role to Son Howard
The 96-year-old investor becomes chairman emeritus as succession plan executes; Howard Buffett takes chair while Greg Abel remains CEO.
Anthropic, OpenAI Seek Smaller Data Center Deals as AI Inference Shift Grows
Both AI labs are pursuing 20-30 MW compute agreements alongside their massive multi-gigawatt commitments, driven by faster deployment timelines and a rising share of inference workloads.
Zurich's Giger warns of later, more severe crises
Group Chief Risk Officer Peter Giger discusses rising state debt, KI risks, and cyber threats, cautioning against underestimating future crises.
SIX Launches Switzerland's First Investment Strategy Contest for Students
The inaugural Investment Strategy Contest 2026 was launched at the SIX Convention Point in Zurich, pitting students against real market data with 100,000 CHF virtual capital across equities, ETFs, metals and crypto.
Sandoz partners mAbxience for emicizumab biosimilar in $5.7B market
Sandoz expands its biosimilar pipeline to 40 assets through a licensing deal for a first-in-class haemophilia A biosimilar from mAbxience, covering all markets except three South American nations.
Nestlé faces forced asset seizures, potential Russia business loss
Swiss giant Nestlé reports share price decline amid Russia’s seizure of two subsidiaries, raising concerns over potential write-downs and operational disruption.
Pradelli takes over Swiss banking leadership at Bankiertag 2026
Giorgio Pradelli succeeds Marcel Rohner as president of the Swiss Bankers’ Association (SBVg) amid calls for stronger regulatory focus on competitiveness
Trump Approves $24.3 Billion Sale of 48 F-35s to Saudi Arabia
The State Department approved the sale of 48 Lockheed Martin F-35 jets and 49 Pratt & Whitney engines to Riyadh, drawing congressional scrutiny over technology security and regional implications.
Apple Pay to launch in India next month with Axis Bank as first partner
Apple plans to introduce its contactless payment service in India in October, starting with Axis Bank credit cards, while talks continue with HDFC and ICICI banks.
TotalEnergies partners GIP on $1.8 bln African infrastructure deal
TotalEnergies will receive a $1.8 billion capital contribution from GIP, a BlackRock unit, in exchange for throughput-based tariffs on African midstream assets over up to 15 years.
TotalEnergies sells African midstream stake to GIP for $1.8bn
Energy major partners with BlackRock-owned infrastructure fund on African oil and gas infrastructure in a deal valuing assets at $1.8 billion with a 15-year tariff structure.
Turbo Energy secures €3 million in energy storage orders across Spain and Chile
Spanish company said 15 projects totaling 15.6 MWh capacity have been booked, with delivery expected through mid-2027.
Murphy Oil Sees Cash-Flow Mispricing at Barclays Energy Conference
CEO Eric Hambly said deepwater Gulf and Eagle Ford cash flows are underappreciated by investors as the company outlined production plans across its Permian-adjacent, Canadian and West African assets.
Veeva sees AI, horizontal CRM fueling growth beyond life sciences
At the Wells Fargo healthcare conference, Veeva outlined how its AI products and Aspen CRM will drive expansion beyond its pharma-focused core, targeting $6 billion in revenue by 2030.
Hyatt, Delta Announce Long-Term Loyalty Program Partnership
Hyatt Hotels and Delta Air Lines are linking their World of Hyatt and Delta SkyMiles programs in a strategic loyalty collaboration, with initial benefits targeting elite members.
Walmart Reports Digital Revenue Growth of 24%, Marketplace Sales Surge 52%
The retail giant posted its 10th straight quarter of e-commerce growth above 20% and said its Marketplace unit, now profitable for six consecutive quarters, rose 52% year-over-year at the Goldman Sachs consumer conference.
i-payout Expands U.S. Licensing Footprint, Pursues European EMI License
International Payout Systems secured a Puerto Rico MSB license and is targeting full U.S. coverage by end of 2027 while advancing its European Electronic Money Institution licensing strategy.
Roivant Says Mosliciguat Data Lifts Pipeline Momentum at Cantor Conference
CEO Matt Gline highlighted strong Phase II results for the inhaled pulmonary hypertension drug and a recent FDA approval for brepocitinib as drivers of pipeline progress at the healthcare investor event.
F5 Sees Growth Broaden Across Cloud, AI and Systems at Goldman Sachs Tech Conference
F5 reports systems revenue jumping 32%, direct AI bookings reaching $50M in H1, and distributed cloud passing 1,700 customers as execs cite strongest demand environment in company history.