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Roche has entered a collaboration with Zealand Pharma, investing up to $5.3 billion to develop a new generation of anti-obesity injections. This strategic move marks Roche's significant commitment to the lucrative weight loss market, following interest from several pharmaceutical companies.
The country's foreign trade began the year weakly, impacted by US tariffs on Chinese goods, despite a temporary suspension of tariffs on Canada and Mexico. Global markets showed significant declines, particularly in technology stocks, amid rising bond yields and concerns over economic growth. The euro strengthened against the dollar, while oil prices stabilized, though concerns about trade disputes continue to weigh on demand forecasts.
Wall Street is poised for a slight recovery as hopes for a resolution in the tariff dispute with Mexico and Canada emerge, with the Dow Jones expected to rise 0.2%. Meanwhile, the euro strengthens against the dollar, buoyed by positive economic data and easing political uncertainties in Germany. The Swiss bond market, however, shows weakness, reflecting a contrasting trend in equity markets.
UBS has announced the nominations of Renata Jungo Brüngger and Lila Tretikov for its Board of Directors, set for election at the Annual General Meeting on April 10, 2025. Jungo Brüngger, currently with Mercedes-Benz Group AG, brings expertise in legal affairs and governance, while Tretikov, a technology specialist in AI and digital transformation, leads AI strategy at New Enterprise Associates. Their appointments follow the departures of Claudia Böckstiegel and Nathalie Rachou from the Board.
UBS will elect Renata Jungo Brüngger and Lila Tretikov to its Supervisory Board at the upcoming Annual General Meeting, while Claudia Böckstiegel and Nathalie Rachou will not seek re-election. Jungo Brüngger, a legal expert from Mercedes-Benz, and Tretikov, a former Microsoft executive, will enhance the board's governance and technology expertise. UBS shares fell 2.46% to CHF 30.48 on the Swiss stock exchange.
UBS is set to appoint Renata Jungo Brüngger, a legal expert from Mercedes-Benz, and Lila Tretikov, an AI specialist from New Enterprise Associates, to its Board of Directors at the upcoming Annual General Meeting. This move follows the decision of Claudia Böckstiegel and Nathalie Rachou not to seek re-election. Tretikov's expertise in technology and AI is expected to enhance the board's capabilities significantly.
UBS Chairman Colm Kelleher is restructuring the Board of Directors, nominating Renata Jungo Brüngger, a Swiss national and Mercedes-Benz executive, and Lila Tretikov, an AI expert, both of whom lack banking experience. They will replace Claudia Böckstiegel and Nathalie Rachou, who are stepping down for personal reasons.
UBS Group AG has nominated Renata Jungo Brüngger and Lila Tretikov for election to its Board of Directors at the Annual General Meeting on April 10, 2025. Jungo Brüngger, currently with Mercedes-Benz Group AG, brings extensive legal and governance experience, while Tretikov, an expert in AI, leads AI strategy at New Enterprise Associates. Claudia Böckstiegel and Nathalie Rachou will not seek re-election, with gratitude expressed for their contributions.
UBS Group AG has nominated Renata Jungo Brüngger and Lila Tretikov for election to its Board of Directors at the Annual General Meeting on April 10, 2025. Jungo Brüngger, with a strong background in legal affairs and sustainability from Mercedes-Benz, and Tretikov, an expert in AI and technology transformation from New Enterprise Associates, will enhance the board's expertise. Current members Claudia Böckstiegel and Nathalie Rachou will not seek re-election.
The Swiss stock market closed positively on Friday, with the SMI ending at 13,004.48 points, up 0.36%. Holcim led gains with a 3.0% rise after announcing a dividend increase, while Logitech fell 4.7% following a downgrade by Bank of America. Key earnings reports are expected next week from Lindt&Sprüngli and Kühne+Nagel.
Hoffmann-La Roche AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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