Novartis AG (NVS) shares are trading more than 5 percent on Thursday morning after the company announced a share buyback of up to $15 billion by end of 2023. The buyback will be funded through the proceeds from the recent sale of 53.3 million Roche bearer shares.
Currently, shares of the global medicines company are at $85.93, up 5.42 percent from the previous close of $81.52 on a volume of 1,802,073. For the 52-week period, the shares have traded in a range of $79.34-$98.52 on average volume of 2,293,442.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.