Nestlé Portfolio Reset: Nestlé agreed to sell a 50% stake in its bottled water business to Platinum Equity, creating the 50:50 venture Peranel (water and premium beverages) with brands like Perrier and S.Pellegrino; the deal values the unit at €4.9bn and is expected to bring about €3bn in cash, while Nestlé also reported 3.6% organic sales growth in H1. Swiss Market Pulse: SIX Swiss Exchange posted record H1 performance, with operating income up to CHF 892.7m and EBITDA excluding transformation costs up 40.2%, highlighting strength across its business units. Dermatology Growth Watch: Galderma (Zug) lifted full-year net sales guidance after H1 sales jumped 24.6% to $3.13bn, citing double-digit growth internationally and in the U.S. Energy & Water Stress: New research says Europe’s drought is being driven more by climate-driven heat than by low rainfall alone, worsening moisture loss and raising the odds of extreme dry conditions. IP & Start-ups: A Swiss expert warns that China’s “too good to be true” offers to Swiss start-ups often aim at technology transfer and strategic dominance, raising IP risks. Digital Sovereignty: A Swissinfo.ch piece asks if Switzerland can truly operate without Microsoft, arguing dependence on Teams/Office and similar tools makes “digital sovereignty” slow and hard to unwind.