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This photograph taken on October 30, 2022, shows the logo of the Swiss pharmaceutical and drug maker Novartis on a building in Basel. Gabriel Monnet | Afp | Getty ImagesNovartis “can never be done” when it comes to major acquisitions in its sector as it always needs to look for the next “great asset,” CEO Vas Narasimhan told CNBC.In order to offset the hit from generics competition Novartis has been on a buying spree, acquiring more than 35 companies over the last year. The Swiss drugmaker announced its biggest deal in a decade on Sunday, when it announced it has…

NEW YORK (AP) — Citing a chronic shortage of financial backing for independent publishers and nonprofits dedicated to writing and reading, a coalition of seven charitable foundations has established a Literary Arts Fund that will distribute a minimum of $50 million over the next five years. The idea for the fund was initiated by the Andrew W. Mellon Foundation, the country’s largest philanthropic supporter of the arts. Mellon President Elizabeth Alexander cited literature as a vital source of expression.“Novelists, poets, and all manner of creative writers have shaped and driven our collective discourse and capacity for invention since the nation’s…

Brighton do not normally get it wrong with young players. After all, the quintet of Moises Caicedo, Marc Cucurella, Joao Pedro, Ben White and Alexis Mac Allister have brought in £300m in transfer fees in the last four years.But the Seagulls had Viktor Gyokeres on their books and sold him for just £1m to Coventry in 2021. He has since become a £20m player at Sporting CP – then a £63.5m marquee signing for Arsenal. And now he is the Gerd Muller Trophy holder after scoring more goals than any player in 2025. “We knew there was a top talent…

PARIS (AP) — A delegation of French senators visited the Louvre on Tuesday and acknowledged that the museum’s security was “not in line” with modern standards, calling for improved measures at the Paris landmark that was the scene of a stunning heist earlier this month.Thieves took less than eight minutes on Oct. 19 to steal jewels valued at 88 million euros ($102 million) from the world’s most-visited museum. French officials described how the intruders used a basket lift to scale the Louvre’s façade, forced open a window, opened a breach in display cases and fled.Two suspects were arrested on Sunday…

Oct 28, 2025, 03:49 AM ETBrendan Rodgers has left Celtic amid a wave of criticism from principal shareholder Dermot Desmond.Rodgers resigned as manager on Tuesday after Celtic’s poor start to the season. The club have put Martin O’Neill and former midfielder Shaun Maloney in temporary charge.A statement from Desmond, after Rodgers’ exit, read: “Brendan Rodgers has today tendered his resignation as manager of Celtic Football Club.”I want to acknowledge Brendan’s contribution across his two spells as manager, during which he helped deliver success that forms part of the club’s modern history. However, I must also express my deep disappointment at…

Brendan Rodgers’ broken relationship with the Celtic board was laid bare after his surprise resignation in an extraordinary statement from major shareholder Dermot Desmond.Rodgers was accused of misleading fans over his contract talks and the club’s transfer business as Desmond claimed the manager’s “divisive” actions “fuelled hostility” toward the board and executive team. Desmond put Celtic’s recent struggles down to “one individual’s desire for self-preservation” with the Scottish champions already eight points adrift of league leaders Hearts after failing to qualify for the Champions League.Amid the backdrop of fan protests, which have called for the board to be sacked, Desmond…

U.S. President Donald Trump and China’s President Xi Jinping shake hands before their bilateral meeting during the G-20 leaders summit in Osaka, Japan on June 29, 2019.Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send markets higher.On Monday stateside, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed at record highs — with the broader market index breaking past the 6,800 level for the first time.And that’s before an agreement has been signed officially.”A lot of the forecasts for technology have been without the benefit of China, so once you can…

Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve’s Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty ImagesArk Invest CEO Cathie Wood on Tuesday pushed back on fears of an artificial intelligence bubble, while flagging the possibility of a “reality check” on AI valuations.Speaking to CNBC’s Dan Murphy on the sidelines of Saudi Arabia’s Future Investment Initiative, or FII, in Riyadh, Wood said that as interest rates begin to rise, “there will be a shudder” in markets.”We are going to reach a moment in the…

Guests enjoy the Fortune Global Forum 2025 Gala Dinner on October 26, 2025 at Diriyah Gate, Riyadh, Saudi Arabia.Cedric Ribeiro | Getty Images Entertainment | Getty ImagesMining executives have welcomed a sharp upswing in investor interest from the Middle East, as Gulf states seek to expand their critical mineral ambitions and take on established global players.Critical minerals refer to a subset of materials considered essential to the energy transition. These resources, which tend to have a high risk of supply chain disruption, include metals such as copper, lithium, nickel, cobalt and rare earth elements.”The interest in rare earths in this…

Diplomacy, when stripped of ceremony and handshakes, is really about leverage. And this week in Kuala Lumpur, Donald Trump appears to have rediscovered the old craft of using pressure to invite cooperation. The US President, now again playing the role of negotiator-in-chief, began his week-long diplomacy tour with ASEAN nations amid high expectations — and low trust. Trump’s advisers are eager to claim victory. Treasury Secretary Scott Bessant declared that the mere threat of 100% tariffs “brought China back to the negotiating table.” It’s classic Trumpian strategy: escalate, intimidate, then negotiate. The logic is familiar — you shake the tree…