AGP Executive Report
Last update: 9 hours agoPharma: Swiss-based Ferring agreed to acquire fertility biotech Gameto in a deal worth up to $1.4 billion, adding a technology designed to shorten IVF cycles. Novartis raised its 2026 earnings outlook on strong drug sales. Medtech: Stryker completed its takeover of Swiss startup ZuriMED, adding a device to reinforce rotator cuff repairs. Manufacturing: Logitech beat second-quarter profit forecasts as gaming sales rose 8% and video-collaboration sales climbed 12%. Canada Nickel and Swiss Steel also plan a low-CO₂ steel partnership. Construction materials: Sika acquired Dubai waterproofing producer Duproof, expanding its regional business. Swiss business climate: Corporate bankruptcies are expected to hit a record in 2026, while real wages rose 0.5%. UBS job cuts could put up to 12,000 Swiss roles at risk, a union warned. Retail: Migros plans to merge its ten regional cooperatives to improve efficiency.
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