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Switzerland News

• Amgen Revives Defunct Drug as Old Therapies Seek New Cure

  Updated 8 minutes ago

  Amgen Inc.’s experimental drug rilotumumab, almost shelved by the company after it disappointed in a study, has been revived after a closer look at data in a gastric cancer trial found it helped a group of patients.

• Glaxo’s Melanoma Cocktail Slows Cancer in Study

  Updated 24 minutes ago

  GlaxoSmithKline Plc’s combination of two experimental melanoma medicines slowed cancer progression with few skin complications in an early clinical trial, a result that suggests the combo may have fewer side effects than existing single-drug treatments.

• OraSure In-Home HIV Test Kit Moves Closer to FDA Approval

  OraSure Technologies Inc. soared the most in three years after U.S. regulatory advisers backed its bid to bring to market the first at-home HIV test that lets people get results without using a doctor or laboratory.

• Most Stocks in Switzerland Advance as Richemont Rallies

  Most Swiss stocks advanced, rebounding from the lowest level this year, as Cie. Financiere Richemont SA rallied after earnings topped estimates.

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  Richemont Full-Year Profit Beats Estimates on Asian Sales

  Cie. Financiere Richemont SA, the second-biggest luxury goods company, reported full-year profit that beat analysts’ estimates as sales were boosted by buoyant demand for high-end goods in the Asia-Pacific region.

• Terry in England Euro 2012 Soccer Squad, Ferdinand Left Out

  Former captain John Terry was named to the England soccer squad for the 2012 European Championship as new manager Roy Hodgson left out fellow defender Rio Ferdinand.

• Bank Tax Hearing, JPMorgan, Cardinal Health: Compliance

  Bankers from around the world told the Internal Revenue Service that proposed U.S. rules requiring reporting of Americans’ overseas bank accounts are too burdensome and must be changed.

• Oil Drops to Six-Month Low on Rising Stockpiles, Greek Crisis

  Oil dropped in New York to the lowest level in more than six months after U.S. crude stockpiles grew and talks to form a coalition government in Greece collapsed, raising concern that Europe’s debt crisis will worsen.

• Gasoline Falls Below $1,000; Coryton Gets Crude: Oil Products

  Gasoline for immediate loading in northwest Europe traded at less than $1,000 a metric ton for the first time in more than three months.

• U.S. Extraordinary Rendition Suit Reaches Human Rights Court

  A German man who said he was mistaken for a terrorist more than eight years ago and tortured by U.S. agents had his suit against Macedonia heard by the European Court of Human Rights after his claims were rejected in three countries.

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