Companies
Genentech to invest $750 million in Oregon drug device facility
Swiss drugmaker Roche’s U.S. unit plans a Hillsboro, Oregon plant to double device filling capacity, adding 250 jobs and supporting future drug delivery innovations.
Headhunter Jauch: Balancing growth and risk key to sustainable private banking
Headhunter Reto Jauch argues that Swiss private banks must blend aggressive growth with disciplined risk management, with robust governance and compliance at the core of long-term stability.
Ares Management in talks for stake in Kolkata Knight Riders
U.S. alternative asset manager Ares Management is exploring a minority investment in the Indian Premier League franchise, according to sources. No final terms have been agreed.
Balfour Beatty appoints Sarah Brand VP of Tampa operations
Construction firm elevates civil engineer with 18 years of tenure to lead Buildings operations in Florida. Brand succeeds in multifamily, hospitality and aviation sectors.
Swiss finance workers to weigh AI, Iran war impact in 2026 survey
Survey by finews, Swiss Finance Institute and Communicators seeks input from Swiss finance professionals on AI’s role, geopolitical risks and UBS stability for 2026 outlook.
Starlink reapplies for India satellite network approval with Gen 2 plan
SpaceX’s satellite broadband unit seeks regulatory clearance for its next-generation constellation after earlier rejection on spectrum and feature grounds.
White House targets 1,000 annual space launches by 2030
U.S. federal agencies ordered to expand launch infrastructure and streamline operations to meet the ambitious goal, with deadlines set across multiple departments.
Teen drops lawsuit against Meta, Google and Snap ahead of trial
Plaintiff dismissed claims without settlement as October bellwether trials loom. Meta faces two separate state and federal cases alleging harm to minors.
ARN Media’s H1 FY26 results show revenue decline offset by cost cuts
Total revenue fell 14% to $127.9 million, but EBITDA and free cash flow improved amid $11.8 million in cost reductions. Digital revenue rose to 11% of total as part of a five-year strategy.
Genentech to invest $750 million in U.S. manufacturing expansion
Roche’s biotech unit plans new Hillsboro, Oregon facility as part of a $750 million investment to expand U.S. production capacity.
Trump orders U.S. to triple annual rocket launches to 1,000 by 2030
Executive order aims to boost private spaceflight, accelerate Moon base plans, and streamline regulatory approvals. SpaceX accounted for 170 of 178 U.S. launches in 2023.
WISeKey appoints Alexander Hirsch as group chief marketing officer
Hirsch joins the Swiss cybersecurity and digital identity group with over 15 years of marketing leadership at Salesforce and the World Economic Forum. The appointment follows WISeKey’s expansion across subsidiaries including SEALSQ and WISeSat.
Swiss EAMs face eight key trends amid market shifts
Consolidation, specialization and evolving client needs are reshaping Switzerland’s independent wealth management sector, with professionalization and risk management gaining prominence.
ARN Media posts 14% revenue drop, cost cuts narrow losses
Australia's second-largest radio network reports H1 2026 revenue decline as digital growth offsets radio weakness, while cost savings and debt reduction strengthen balance sheet.
Chubb launches tailored insurance for Swiss investment managers
New Investment Management Insurance bundles D&O, professional indemnity and crime coverage for fund managers, private equity and venture capital firms. Policies adapt to corporate changes, including automatic inclusion of new funds.
Cuscal posts 20% profit growth in FY26, eyes mid-20s gains
Australian payments group Cuscal reported a 20% rise in net operating income and underlying profit, boosted by acquisitions and organic growth. Management targets mid-20s percentage gains in FY27.
Auckland Airport FY26 profit steady as shares dip on cost pressures
Revenue rose 3% to NZD 1.036 billion while underlying profit held flat; shares slipped 1.35% as higher costs and debt weighed on sentiment.
U.S. hotel RevPAR rises 8.2% in July as luxury segment leads gains
Luxury hotels posted a 17.7% year-over-year increase in revenue per room, outpacing overall U.S. growth of 8.2% as weekend demand and rates remained robust.
ZenaTech acquires Canadian engineering firm in 28th drone-as-a-service deal
Acquisition of Cogswell Engineering expands ZenaTech’s drone inspection platform into civil and structural engineering across five Canadian provinces. Deal marks third DaaS purchase in Canada.
U.S. approves $4.5 billion sale of KC-46A tankers to Qatar
State Department clears Boeing-led deal for up to four refueling aircraft, including spare engines and systems. Contractors include RTX and Northrop Grumman.
Starbucks cuts 104 jobs as restructuring nears completion
Company eliminates roles in Seattle and Nashville as part of a broader $2 billion cost-reduction plan under CEO Brian Niccol. Total corporate job cuts exceed 2,300 since last year.
Raytheon secures $42.5 million Navy F/A-18 spare parts contracts
Defense contractor awarded three sole-source delivery orders under a five-year agreement to supply critical components for the U.S. Navy's F/A-18 fleet.
19 Brazilian cities join Vale-BHP dam collapse compensation deal
Total compensation package reaches 170 billion reais as 45 of 49 eligible municipalities now participate. Four cities remain outside the agreement.
Roche’s Genentech to invest $750 mln in U.S. manufacturing expansion
Genentech will double production capacity at its Oregon facility with a new fill-and-finish plant, creating 450 jobs and boosting supply for its drug pipeline.