European stocks head for mixed open as global markets react to Trump’s latest tariffs

European stocks head for mixed open as global markets react to Trump’s latest tariffs


UniCredit sets profit goal of around 10 billion euros by 2027

UniCredit said it aims to increase net profit to around 10 billion euros by 2027, with the “ambition” to distribute more to shareholders than it did 2024.

Italy’s second-largest lender posted fourth-quarter net profit that beat expectations amid market focus on the bank’s M&A overtures.

Net profit attributable to the group came in at 1.969 billion euros ($2.03 billion) in the fourth quarter, compared with an analyst forecast of 1.803 billion euros, according to a LSEG-compiled consensus.

The company also said it aims to raise its returns on tangible equity above 17% over the next three financial years from the current 16.6%, making it one of the most efficiently run large banks in Europe.

Read the full story here.

— Ganesh Rao

Novartis strengthens cardiovascular drug pipeline with a $925-million deal to buy Anthos Therapeutics

Novartis is set to buy Boston-based Anthos Therapeutics for $925 million in a bid to strengthen its late-stage cardiovascular treatment pipeline.

The Swiss pharmaceutical giant said that further payments of up to $2.15 billion could be made if “specified regulatory and sales milestones” were met by Anthos.

Founded in 2019, Anthos Therapeutics has developed abelacimab, a medicine for the prevention of stroke and systemic embolism in some patients, from the clinical stage through the ongoing phase-3 clinical trial.

Novartis expects the transaction to close in the first half of this year.

— Ganesh Rao

European markets: Here are the opening calls

European markets are expected to open in mixed territory Tuesday.

The U.K.’s FTSE 100 index is expected to open 8 points lower at 8,770, Germany’s DAX down 29 points at 21,903, France’s CAC down 12 points at 7,999 and Italy’s FTSE MIB 41 points higher at 37,378, according to data from IG.

Earnings are due from Kering, BP, Dunelm, TUI Group, Ams-OSRAM and Unicredit. On the data front, French unemployment figures are due.

— Holly Ellyatt



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French PM suspends Macron’s flagship pension reform in search of support for budget
World

French PM suspends Macron’s flagship pension reform in search of support for budget

France’s Prime Minister Sebastien Lecornu addresses general political remarks to members of Parliament, at the French National Assembly, France’s lower house of parliament, in Paris, on October 14, 2025. Thomas Samson | Afp | Getty Images French Prime Minister Sebastien Lecornu on Tuesday suspended a landmark 2023 pension reform until after the 2027 presidential election, […]

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J&J to spin off orthopedics business, raises full-year forecast
World

J&J to spin off orthopedics business, raises full-year forecast

Johnson & Johnson said on Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The health-care conglomerate also raised its 2025 sales forecast after reporting quarterly earnings that topped Wall Street expectations. The company […]

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Oracle Cloud to deploy 50,000 AMD AI chips, signaling new Nvidia competition
World

Oracle Cloud to deploy 50,000 AMD AI chips, signaling new Nvidia competition

Oracle Cloud Infrastructure on Tuesday announced that it will deploy 50,000 Advanced Micro Devices graphics processors starting in the second half of 2026. AMD shares climbed about 3% premarket. Oracle shares ticked slightly lower. The move is the latest sign that cloud companies are increasingly offering AMD’s GPUs as an alternative to Nvidia’s market-leading GPUs […]

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