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Timeline: How US President Trump upended the pharma industry in 2025
2025-11-18
United States President Donald Trump’s planned tariffs on pharmaceuticals have disrupted the industry. Here’s a timeline of developments affecting this sector since he came into office in January 2025. Traditionally opaque negotiations for drug prices have left Americans paying two to three times more for patented drugs than Europeans do on average. US President Donald …
Swiss investors push for UBS to settle over Credit Suisse bond write-off
2025-11-17
Swiss bondholders are exploring ways to push for a settlement with UBS, after a court ruled that the CHF16.5 billion ($20.8 billion) write-off of Credit Suisse bonds during the bank’s 2023 rescue by its rival lacked a legal basis. The Swiss Federal Administrative Court delivered a surprise ruling last month that market regulator FINMA’s order …
New tariffs could enter into force in 10-12 days, says Swiss economics minister
2025-11-15
Swiss Economics Minister Guy Parmelin says the date of entry into force of new customs tariffs with the US is unclear – but could possibly begin in 10-12 days. +Get the most important news from Switzerland in your inbox “It takes a bit of time,” Parmelin told Swiss public radio, SRF, on Friday. The US …
Swiss economics minister praises ‘very good’ tariff talks with US
2025-11-14
Swiss Economics Minister Guy Parmelin was upbeat on Thursday after his visit to Washington to discuss tariffs. +Get the most important news from Switzerland in your inbox “We had a very good discussion and were able to clarify almost all the points,” he told Swiss public radio SRF. “As soon as these points have been …
Nestlé appoints new Nespresso head
2025-09-26
Nestlé has appointed Alfonso Gonzalez Loeschen as CEO of Nespresso and member of the Executive Board. He will succeed Philipp Navratil, who was appointed as new group CEO following a scandal at the food giant. +Get the most important news from Switzerland in your inbox Loeschen, who is currently head of Nespresso North America and …
Swiss firm suspected of violating gold sanctions against Russia
2025-09-20
The State Secretariat for Economic Affairs (Seco) has launched an investigation into Open Mineral, a commodities trader based in Baar. The company is suspected of violating sanctions against Russia in relation to gold, Reuters reported on Friday. Open Mineral allegedly traded the precious metal from Russia, violating sanctions against Moscow after the start of the …
Roche buys US firm 89bio for up to $3.5 billion
2025-09-18
Swiss pharma giant Roche is acquiring the California-based liver and cardiovascular disorders specialist 89bio for an initial sum of $2.4 billion (CHF1.9 billion). The Basel-based pharmaceutical giant expects to make additional payments of up to $1.1 billion. +Get the most important news from Switzerland in your inbox In particular, the deal enables the Basel-based multinational …
Zurich airport trials autonomous buses for employees
2025-09-16
Zurich airport could become the first in Europe to use autonomous buses to transport employees around the runway. The system is currently being tested with a driver on board in case of problems. The pilot project has been underway since March, Zurich airport said on Tuesday. Since June, employees have been able to board an …
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