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Pandora CEO Tells Investors a Rebound Is Around the Corner

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The chief executive officer of jewelry maker Pandora A/S is trying to reassure investors that better days are around the corner, after a profit warning on Tuesday sent the company’s shares plunging as much as 13%.“Normally I don’t focus on what happens with the share price, but in this case I think it’s relevant to say why people should consider Pandora as a holding,” CEO Alexander Lacik said in a phone interview.Pandora, which makes mid-priced jewelry, delivered its first net loss since …read more […]

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Novartis gets U.S. nod for long-delayed Amgen copycat

Novartis on Tuesday won U.S. approval for its long-delayed version of Amgen’s $4 billion seller Neulasta drug, helping the Swiss drugmaker in its uphill battle to sell copies of rivals’ blockbusters in the world’s top drug market. Novartis’s biosimilar, called Ziextenzo, is aimed at helping cancer patients boost infection-fighting white blood cells during chemotherapy. …read more […]

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Tesla Hopes to Get China Carmaking License by Year-End

(Bloomberg) — Tesla Inc. has completed its new factory near Shanghai and is working with local authorities to obtain a manufacturing license, which it hopes to receive by the end of the year, Chairman Robyn Denholm said.The company is already building electric Model 3 sedans at the facility as part of a trial phase, Denholm said in a panel discussion at a Shanghai event Tuesday.The first Tesla vehicles to be produced outside the U.S. are part of Chief Executive Officer Elon Musk’s efforts to expand in Asia and take on local electric-vehicle upstarts. Denholm stressed the importance of companies and …read more […]