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Novartis chief eyes ways to end higher US drug prices: media
Amid a threat of towering US tariffs, Swiss pharmaceutical giant Novartis is seeking ways to enable Americans to pay less for their medicines, its chief said in an interview published Saturday. "We are working with the government and trying to find constructive solutions so that Americans pay less for their medicines," he told the Swiss daily.
Trump's $100,000 fee for H-1B visas, a tech industry favourite, concerns India
India's leading trade body said on Saturday it was concerned by a new annual $100,000 fee that US President Donald Trump ordered for H-1B skilled worker visas, an addition that could have major repercussions for the tech industry where such permits are widespread. It was also concerned by the short timeline, with the new fees under Trump's order coming into effect on Sunday.
Bumper harvest falls flat for Italy's Asti vineyards
The storied Asti region of northern Italy saw a lush harvest this year but many winegrowers are leaving some grapes on the vine, choosing to produce less as US and Russian demand drops. - Hot summer - Leaving grapes is what some winegrowers are doing in Asti to produce less sparking white.
Trump sees progress on TikTok, says will visit China
US President Donald Trump hailed on Friday a call with Chinese counterpart Xi Jinping, claiming a deal to sell blockbuster app TikTok could be a "formality" and saying he would visit China, which gave a more cautious assessment of their talks. Trump said that Xi "approved" the deal during the phone call, but later said: "We have to get it signed...
Trump hits H-1B visas, a tech industry favorite, with $100,000 fee
US President Donald Trump on Friday ordered an annual $100,000 fee be added to H-1B skilled worker visas, creating potentially major repercussions for the tech industry where such permits are prolific.
Argentina's Milei says 'political panic' rattling markets
Argentine President Javier Milei blamed "political panic" for rattling markets Friday in the run-up to crucial midterm elections, sending the peso into a tailspin and hurting the country's sovereign risk.
Porsche slows electric shift, prompting VW profit warning
German sports car maker Porsche said Friday that it would dramatically slow its shift to electric vehicles amid weak demand, prompting parent company Volkswagen to warn of a multibillion-euro hit. The maker of the 911 sports car cited the "significant slower growth of the demand for exclusive battery-electric vehicles" as a reason for making the changes.
Independence of central banks tested by Trump attacks on US Fed
For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt. Cutting interest rates helps households borrow for consumption and businesses for investment, promoting growth but at the risk of spurring inflation.
New Fed governor says was not told how to vote by Trump
Donald Trump's pick to join the US Federal Reserve said Friday that he did not speak to the president about how to vote on interest rates ahead of the central bank's meeting this week. Miran was the sole dissenter to the Fed's decision this week to cut interest rates by a quarter point, instead favoring a bigger half-point reduction -- more in line with Trump's frequent demands for slashing rates.
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