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Iran announced that it would implement new restrictions in the Persian Gulf and the Gulf of Oman, while Yemen's Houthi rebels attacked Saudi energy facilities, pushing international oil prices higher. Rising energy prices reignited inflation concerns, which, combined with the Japanese yen climbing to its highest level since February, weighed on market risk 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Dealmaking Serves as Cautionary Tale for Pharma M&A","url":"https://stock-news.laohu8.com/highlight/detail?id=2665732420","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2665732420?lang=en_us&edition=fundamental","pubTime":"2026-09-08 18:47","pubTimestamp":1788864420,"startTime":"0","endTime":"0","summary":"Novartis' latest trial setback serves a cautionary tale for investors betting on big pharma's strategy of making bite-size acquisitions to bolster their drug pipelines.In theory, smaller deals offer big pharma access to promising and potentially lucrative drugs without the risk inherent in big bets. Case in point, the recent selloff in AstraZeneca's stock following market speculation that it was in talks to merge with Bristol Myers Squibb in what would have created a drug giant valued at roughly $400 billion.Still, Novartis' $12 billion acquisition of Avidity Biosciences, completed in February, shows small deals can be painful too.Novartis stock fell as much as 10% in European trading after the company said the most advanced drug candidate acquired in the Avidity deal didn't meet its primary objective in a late-stage trial for genetic neuromuscular disease myotonic dystrophy type 1.This hiccup comes after Novartis took as $800 million writedown in 2024 from its $2.9 billion acquisition","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B2B36J28.USD","MEDX","PEVC","LU0070302665.USD","PPH","BK4585","LU0211331839.USD","IE0002141913.USD","BK4588","IE0009355771.USD","IE00BJT1NW94.SGD","IE00BFTCPJ56.SGD","LU0320765489.SGD","IE00B4R5TH58.HKD","BK4532","LU0208291251.USD","BK4578","BK4007","NVS","IE00BJJMRZ35.SGD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1159234329","title":"Swiss Pharma Giant Hit by Triple Trial Setbacks, Shares Plunge Nearly 10% in Steepest One-Day Drop Since 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=1159234329","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1159234329?lang=en_us&edition=fundamental","pubTime":"2026-09-08 18:38","pubTimestamp":1788863900,"startTime":"0","endTime":"0","summary":"Shares of Swiss pharmaceutical heavyweight Novartis AG tumbled more than 9% in European trading on September 8, marking their worst single-day performance since March 2020. The selloff came after a...","market":"fut","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PPH","LU0208291251.USD","BK4532","LU0070302665.USD","LU0211331839.USD","BK4585","IE00B4R5TH58.HKD","IE00BJT1NW94.SGD","IE0002141913.USD","IE00BFTCPJ56.SGD","BK4588","IE00BJJMRZ35.SGD","BK4007","MEDX","IE00B2B36J28.USD","IE0009355771.USD","LU0320765489.SGD","BK4578","NVS"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2665326663","title":"Novartis India Hits Record High on Retina Drugs Distribution Deal, Pfizer Brand Acquisition","url":"https://stock-news.laohu8.com/highlight/detail?id=2665326663","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2665326663?lang=en_us&edition=fundamental","pubTime":"2026-09-08 17:12","pubTimestamp":1788858752,"startTime":"0","endTime":"0","summary":"BUZZ-Novartis India hits record high on retina drugs distribution deal, Pfizer brand acquisition** Shares of Novartis IndiaNOIN.BOjump as much as 12.9% to a record high of 1,850.95 rupees** NOIN enters into an exclusive promotion and distribution agreement with Novartis Healthcare to market its retina portfolio in India** Under the deal, NOIN will exclusively distribute Accentrix and Pagenax in India, marking its entry into ophthalmology, and will pay NHPL an upfront fee of 100 million rupees ** On Monday, Novartis India said that it will acquire the Minipress brand and related IP from PfizerPFE.Nfor about 12.5 billion rupees** Pfizer IndiaPFIZ.NSwill stop selling Minipress XL and receive $13.9 million from the parent; the drug is used to treat hypertension and BPH-related urinary symptoms** YTD, NOIN up ~137%","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260908:nL4N4500KV:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0070302665.USD","LU0320765489.SGD","IE00BFTCPJ56.SGD","PPH","IE0002141913.USD","IE0009355771.USD","IE00BJT1NW94.SGD","BK4007","BK4585","NVS","BK4578","IE00B4R5TH58.HKD","BK4532","BK4588","MEDX","IE00BJJMRZ35.SGD","LU0211331839.USD","IE00B2B36J28.USD","LU0208291251.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2665342326","title":"Stocks to Watch: Amgen, Nike, Bloom Energy","url":"https://stock-news.laohu8.com/highlight/detail?id=2665342326","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2665342326?lang=en_us&edition=fundamental","pubTime":"2026-09-08 17:07","pubTimestamp":1788858420,"startTime":"0","endTime":"0","summary":"Amgen : Shares of the biotechnology company, a major contributor to the Dow, shed more than 5% premarket after the Swiss drugmaker Novartis  said an experimental medicine failed to reduce cardiovascular risk in a late-stage clinical trial. Amgen and Eli Lilly  are working on rival treatments. Novartis shares tumbled 10% in Europe, while Eli Lilly shares ticked down.Bloom Energy : The fuel-cell maker is among the companies that will join the S&P 500 later this month, S&P Dow Jones Indices announced late Friday, sending its shares 4% higher premarket. Meanwhile, Nike  will be deleted from the S&P 100. Its shares edged lower premarket.Coinbase Global , Robinhood Markets , Strategy : Shares of companies tied to cryptocurrencies retreated in premarket trading as bitcoin's price slipped more than 1% to trade below $78,500.GameStop  is set to report earnings after markets close.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["3SMI.UK","LU0310800379.SGD","MSTZ","HOOX","SMST","HOII","LU1064131342.USD","BK4554","BK4551","IE0002141913.USD","MSTR","HOOI","BK4578","LU1861558580.USD","IE00BFXG0V08.USD","COII","LU0823411888.USD","MSTY","LU2112291526.USD","LU0052756011.USD","IE0009355771.USD","LU0128525929.USD","07711","CNRG","COIA","07799","FINX","LU2249611893.SGD","TBXU","LU0444973449.USD","LU0889565916.HKD","LU2089984988.USD","ROBN","IE00BYQQ9H92.USD","COIX","IBLC","BK4023","LU0868494617.USD","LU2360107671.USD","BK4539","BK4541","BLCK","ICLN","LU1303367103.USD","LU0208291251.USD","MSTP","MSII","LU0823414551.USD","HOOG","ICOI","COIO","3LMI.UK","09799","CONL","FIAT","GME","BK4007","LU0058720904.USD","LU0476273544.USD","LU0070302665.USD","FDIG","LU1571399168.USD","09711","BITQ","LU0029864427.USD","SMI3.UK","IE00BJJMRZ35.SGD","HOOD","LU0109394709.USD","IAI","WATS","OWNB","BK4127","LU1267930573.SGD","BK4533","VTWG","BK4600","LU2468319806.SGD","LU0128525689.USD","BK4588","LU1815336760.USD","BK4566","AMGN","NKE","COIW","BEZ","04332","VCLN","GMEC","BIB","LU1061106388.HKD","LU2543165471.USD","APED","LU2506951792.HKD","MSST","LU1983299246.USD","LU0320765489.SGD","LU0289739699.SGD","SMOG","BK4534","COYY","IE00BJT1NW94.SGD","LU1988902786.USD","CTEC","BE","IGME","MSTK","COIG","LU0792757196.USD","LU2294711713.HKD","WNTR","CONI","UPGR","LU2264538146.SGD","BK4112","CRPT","BK4595","LU1861220207.SGD","BK4596","BK4532","BK4561","HOOC","FRNW","LU0320765992.SGD","BEX","IE00B4R5TH58.HKD","LU0786609619.USD","MSTC","BK4558","BK4599","BK4577","LU0823414478.USD","LU1267930227.SGD","MSTU","SG9999001440.SGD","STYL","IE0009354923.USD","BEC","MSOO","IBB","IE00B2B36J28.USD","IE00BFTCPJ56.SGD","LU1861217088.USD","07311","07399","MSTX","LU0708994859.HKD","PPH","COIN","CONY","BEG","BK4547","MTYY","BK4516","LU0957808578.USD","PBE","LU2098885051.SGD","GMEU","LMI3.UK","MEDX","HOYY","LU2357125470.USD","BK4139","LU2242646821.SGD","CONX","SIMS","IBBQ","LU1267930813.SGD","MSDD","MSTY.UK","LU0122379950.USD","09311","BKCH","BK4076","LU0211331839.USD","NVS","LU1057294990.SGD","BK4535","MST","BK4182","HODU","PJP","LU1642822529.SGD","IBAT","LU2242652126.USD","ZAP","BK4581","09399","BK4585","DAPP","IMST","GMEY","BPAY","HOOZ","LU1861559042.SGD","LU0889566641.SGD","EGGY","LU1023059063.AUD","BBH","LU0310800965.SGD","HOOY","BK4146","MSTW","LU0444971666.USD","HOOW"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":6,"pageCount":2,"totalSize":104,"code":"91000000","status":"200"}]}}