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Biogen lifts annual profit forecast as new treatments boost earnings

UPDATE 2-Biogen lifts annual profit forecast as new treatments boost earnings Updates shares, adds analyst comment in paragraph 4, CEO comment in paragraph 7 and graphic By Mariam Sunny Oct 30 (Reuters) - Biogen BIIB.O raised its annual profit forecast on Wednesday, as new treatments and cost-cutting measures offset declining sales of its multiple sclerosis drugs.
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Swiss stocks - Factors to watch on October 30

Swiss stocks - Factors to watch on October 30 ZURICH/GDANSK, Oct 30 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Wednesday: SWISS NATIONAL BANK The Swiss National Bank could further cut interest rates to maintain price stability, Chairman Martin Schlegel said on Tuesday. NOVARTIS NOVN.S Novartis says Scemblix FDA approved in newly diagnosed CML UBS UBSG.S UBS reports $1.4 bln net profit attributable to shareholders in Q3 COMPANY STATEMENTS SANDOZ SDZ.S Nine month
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Oct 30 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8249.2 +27.7 NZX 50** 12783.36 +11.75 DJIA 42233.05 -154.52 NIKKEI** 38903.68 +298.15 Nasdaq 18712.748 +145.559 FTSE** 8219.61 -66.01 S&P 500 5832.92 +9.4 Hang Seng** 20701.14 +101.78 SPI 200 Fut 8268 -7 STI** 3590.36 +6.28 SSEC** 3286.407 -35.7905 KOSPI** 2617.8 +5.37 ---------------------------------------------------------------------------------------- Bonds
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Novartis Says Scemblix FDA Approved In Newly Diagnosed CML, Offering Superior Efficacy, And Favorable Safety And Tolerability Profile

BRIEF-Novartis Says Scemblix FDA Approved In Newly Diagnosed CML, Offering Superior Efficacy, And Favorable Safety And Tolerability Profile Oct 29 (Reuters) - Novartis AG NOVN.S : NOVARTIS SCEMBLIX® FDA APPROVED IN NEWLY DIAGNOSED CML, OFFERING SUPERIOR EFFICACY, AND FAVORABLE SAFETY AND TOLERABILITY PROFILE NOVARTIS AG - SCEMBLIX SHOWS SUPERIOR E
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 30 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8249.2 +27.7 NZX 50** 12783.36 +11.75 DJIA 42337.77 -49.67 NIKKEI** 38903.68 +298.15 Nasdaq 18729.389 +162.2 FTSE** 8219.61 -66.01 S&P 500 5844.64 +21.12 Hang Seng** 20701.14 +101.78 SPI 200 Fut 8278 +3 STI** 3590.36 +6.28 SSEC** 3286.407 -35.7905 KOSPI** 2617.8 +5.37 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.97
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FDA Grants Accelerated Approval To Asciminib For Newly Diagnosed Chronic Myeloid Leukemia

BRIEF-FDA Grants Accelerated Approval To Asciminib For Newly Diagnosed Chronic Myeloid Leukemia Oct 29 (Reuters) - FDA: FDA GRANTS ACCELERATED APPROVAL TO ASCIMINIB FOR NEWLY DIAGNOSED CHRONIC MYELOID LEUKEMIA FDA: GRANTED ACCELERATED APPROVAL TO ASCIMINIB (SCEMBLIX, NOVARTIS AG) Further company coverage: NOVN.S
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Novartis AG reports results for the quarter ended in September 30 - Earnings Summary

Novartis AG reports results for the quarter ended in September 30 - Earnings Summary Novartis AG NOVN.S reported quarterly adjusted earnings of $2.06​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.83. The mean expectation of ten analysts for the quarter was for earnings of $1.95 per share.
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Novartis falls despite upbeat Q3, analysts cite individual drugs' performance

BUZZ-Novartis falls despite upbeat Q3, analysts cite individual drugs' performance Recasts with negative share reaction and analyst comments ** Shares in Swiss pharmaceutical group Novartis NOVN.S fall 3.4% after being indicated to rise in premarket trade, following a Q3 beat and outlook hike ** Vontobel analyst Stefan Schneider points to impairment charges for newly-acquired Morphosys MORG.S and a miss in U.S.
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STOXX 600 falls on earnings drag, travel and leisure worst hit

UPDATE 2-STOXX 600 falls on earnings drag, travel and leisure worst hit For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window BP shares touch July 2022 lows HSBC rises after Q3 profit beat, share buyback plan Lufthansa slides on lower Q3 profit Adidas rises on 'generally positive' Q3 details, China strength STOXX 600 down 0.6% Updates with closing levels By Ankika Biswas and Pranav Kashyap Oct 29 (Reuters) - Europe's main stock index dropped o
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STOXX inches up, Q3 reporting steams ahead

LIVE MARKETS-STOXX inches up, Q3 reporting steams ahead STOXX 600 up 0.3% HSBC beats expectations Earnings in full swing Wall St futures up slightly Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX INCHES UP, Q3 REPORTING STEAMS AHEAD It was all about Q3 earnings releases in early trading on Tuesday with broader indices inching up just slightly, while companies that reported
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Novartis seen rising 1.7% after Q3 beat, another outlook hike

BUZZ-Novartis seen rising 1.7% after Q3 beat, another outlook hike ** Shares in Novartis NOVN.S are seen up 1.7% in pre-market trade after the Swiss pharmaceutical giant beat consensus on Q3 results and raised its outlook for the third time this year ** Vontobel says Q3 figures are impressive and that while it had anticipated the guidance raise for core EBIT, improved outlook for FY sales was not expected ** Jefferies points to psoriasis injectable Consentyx as a key driver for sales growth, whi
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Europe before the bell: HSBC beat and more earnings

LIVE MARKETS-Europe before the bell: HSBC beat and more earnings Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: HSBC BEAT AND MORE EARNINGS European shares were set to rise at the open on Tuesday, with Big Tech earnings starting from Alphabet parent Google GOOGL.O later in the day taking centre stage, just one week before U.S.
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Novartis: we are exploring obesity drugs but other areas provide growth for years

Novartis: we are exploring obesity drugs but other areas provide growth for years FRANKFURT, Oct 29 (Reuters) - Novartis NOVN.S said on Tuesday it was doing early research on next-generation obesity drugs that could be more tolerable or given at longer intervals but its current focus on other disease areas would provide for sales growth well into the 2030s.
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Novartis ups yearly outlook but market focuses on disappointing Pluvicto

UPDATE 3-Novartis ups yearly outlook but market focuses on disappointing Pluvicto Adds detail on Pluvicto in paragraphs 1 and3, detail on market reaction from paragraph 4 By Ludwig Burger FRANKFURT, Oct 29 (Reuters) - Novartis NOVN.S raised its 2024 earnings guidance for the third time on Tuesday, buoyed by wider use of its prescription drugs, but its shares fell as the market focused on lower-than-expected sales of a promising radiopharmaceutical.
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Novartis lifts 2024 guidance for 3rd time on wider use of its drugs

Novartis lifts 2024 guidance for 3rd time on wider use of its drugs FRANKFURT, Oct 29 (Reuters) - Swiss drugmaker Novartis NOVN.S raised its 2024 earnings guidance for the third time on Tuesday, driven by wider use of its prescription drugs. In a statement on Tuesday, Novartis said it expects full-year core operating income, adjusted for one-off items, to grow by a "high teens" percentage, compared with a previous guidance of "mid- to high teens" percentage.
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Swiss stocks - Factors to watch on October 29

Swiss stocks - Factors to watch on October 29 ZURICH/GDANSK, Oct 29 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: COMPANY STATEMENTS CLARIANT CLN.S Third quarter results due. NOVARTIS NOVN.S Third quarter results due. SIG GROUP SIGNC.S Third quarter results due. STRAUMANN STMN.S Third quarter results due. ANALYSTS' VIEWS SIKA AG SIKA.S - JP Morgan cuts target price to CHF 250 from CHF 260 ECONOMY No major Swiss economic data scheduled.
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U.S. STOCKS Monte Rosa, EyePoint Pharma, Shake Shack

BUZZ-U.S. STOCKS ON THE MOVE-Monte Rosa, EyePoint Pharma, Shake Shack Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street opened higher on Monday as the main U.S. stock indexes looked set to recoup some losses following a turbulent trading week, ahead of earnings from a host of megacap companies and the final stretch of the Nov.
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Monte Rosa Therapeutics surges on licensing deal with Novartis

BUZZ-Monte Rosa Therapeutics surges on licensing deal with Novartis ** Shares of drug developer Monte Rosa Therapeutics GLUE.O rise 37.22% to $6.84 ** Novartis NOVN.S will pay GLUE $150 million upfront for a global license to develop, manufacture and sell some drug candidates ** GLUE will also be eligible for future payments of up to $2.1 billion i
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Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs

Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs Oct 28 (Reuters) - Swiss pharmaceutical giant Novartis NOVN.S will pay Monte Rosa Therapeutics GLUE.O $150 million upfront payment for a global license to develop, manufacture and sell some drug candidates, the U.S.-based biotech firm said on Monday. The agreement covers a class of drugs called "molecular glue degraders," which target abnormal protein functions associated with some diseases that are hard to treat wit
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Monte Rosa Therapeutics Announces Global License Pact With Novartis To Advance T And B Cell-Modulating Vav1-Directed Molecular Glue Degraders

BRIEF-Monte Rosa Therapeutics Announces Global License Pact With Novartis To Advance T And B Cell-Modulating Vav1-Directed Molecular Glue Degraders Oct 28 (Reuters) - Monte Rosa Therapeutics Inc GLUE.O : MONTE ROSA THERAPEUTICS: GLOBAL LICENSE PACT WITH NOVARTIS TO ADVANCE T AND B CELL-MODULATING VAV1-DIRECTED MOLECULAR GLUE DEGRADERS MONTE ROSA TH
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