business news
Novartis CEO warns reality of Trump’s drug pricing policy will set in over ‘the next 18 months’
Novartis‘ CEO warned Tuesday that the U.S. drug pricing policy under President Donald Trump poses a “very difficult situation” and the reality will soon catch up with both drugmakers and patients. “The longer-term implications are significant,” CEO Vas Narasimhan told CNBC’s Carolin Roth. Novartis is focused on getting European and Japanese governments to quickly change […]
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Meta, Google, OpenAI among Big Tech firms seeing top staff leaving to launch AI startups
Top researchers are jumping ship from Big Tech firms like Meta and Google to launch startups and raise huge funding rounds in the process, as investors bet big on the commercial potential of early-stage AI labs. Amid colossal spending on AI, many of these new startups are raising hundreds of millions within months of being […]
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CNBC Daily Open: Hawkish hold from BOJ sets central bank stage
The Bank of Japan headquarters in Tokyo on May 30, 2024. Kazuhiro Nogi | Afp | Getty Images Hello, this is Katie Foley writing to you from London. I spend my mornings leading the London TV teams as we prepare to take Europe Early Edition and Squawk Box Europe to air. Over the last two […]
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European markets to open higher as Trump considers Iran peace proposal
LONDON — European stocks are expected to open higher on Tuesday as investors await Washington’s response to Iranian peace proposals and look ahead to earnings reports from several regional companies. The U.K.’s FTSE 100 index is seen opening a touch higher, with Germany’s DAX up 0.23%, France’s CAC 40 up 0.34% and Italy’s FTSE MIB 0.3% […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The General Motors global headquarters at Hudson’s Detroit in Detroit, Michigan, US, on Monday, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is set to report its first-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG: Earnings per […]
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How Lloyd Blankfein stopped trying to fit in — and learned to lead as himself
At the start of his career, Lloyd Blankfein made a decision that would define the way he led — stop trying to fit in. In this episode of Executive Decisions, the former Goldman Sachs CEO reflects on growing up in public housing in Brooklyn, arriving at Harvard as an outsider and learning that authenticity was […]
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Bank of Japan keeps policy rate steady while raising inflation forecast on Iran war worries
The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike. Javier Ghersi | Moment | Getty Images Japan’s central bank kept its policy rate steady at 0.75% on Tuesday, while revising its inflation estimates upwards as the Iran war raises […]
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BYD draws EU scrutiny over labor abuse allegations at Hungary factory
The world’s largest car carrier, BYD ”Shenzhen”, loads over 7,000 BYD new energy commercial vehicles at Haitong Terminal in Taicang Port Area, Suzhou Port, and sets sail for Brazil in Taicang City, Jiangsu Province, China, on April 27, 2025. Nurphoto | Nurphoto | Getty Images Electric car giant BYD has become the first Chinese business […]
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Oil edges higher as traders weigh Iran’s Hormuz offer and Trump’s next move
Alexander Manzyuk | Reuters Oil prices edged higher Tuesday as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge. West Texas Intermediate futures rose 0.66% to $97.03 per barrel while international benchmark Brent oil futures added 0.44% to $108.67 a barrel. The higher prices came as U.S. […]
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Asia-Pacific markets trade mixed as investors assess latest U.S.-Iran signals
A pedestrian walks past an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on March 23, 2026. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets traded mixed on Tuesday as investors weighed developments in U.S.-Iran negotiations. U.S. President Donald Trump and his national security team on […]
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