Swiss drug major Novartis AG (NVS) reported that its net income attributable to shareholders for the second quarter rose to $4.041 billion or $2.06 per share from last year's $3.246 billion or $1.59 per share, mainly driven by higher operating income, partly offset by higher net financial expense.
The company is initiating a share buyback program of up to US$10 billion, with completion expected by the end of 2027.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.