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07.02.26 - 23:30
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India-US trade deal: Harley, Tesla to benefit, but no risk to desi firms (Times of India)
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US auto giants Harley Davidson, Jeep, and Tesla are poised to benefit from a new trade deal with India. The agreement offers reduced import duties on specific high-engine capacity motorcycles and cars, with concessions for Harley Davidson's 800-1,600cc bikes and a phased duty reduction for vehicles over 3,000cc, potentially boosting Tesla and Jeep's market presence without impacting domestic manufacturers....
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07.02.26 - 21:42
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Roche′s fenebrutinib is the first investigational medicine in over a decade that reduces disability progression in primary progressive multiple sclerosis (PPMS) (GlobeNewswire EN)
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Basel, 07 February 2026 - Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today new late-breaking data from the Phase III FENtrepid study showing the investigational Bruton's tyrosine kinase (BTK) inhibitor fenebrutinib met its primary endpoint of non-inferiority compared to OCREVUS (ocrelizumab) in reducing disability progression in patients with primary progressive multiple sclerosis (PPMS). Fenebrutinib showed a 12% reduction in the risk of disability progression compared to OCREVUS, the only approved medicine for PPMS, as measured by the time to onset of 12-week composite confirmed disability progression (cCDP12) (hazard ratio [HR] 0.88; 95% confidence interval [CI]: 0.75, 1.03) with curves separating as early as 24 weeks. A consistent treatment effect on cCDP12 was observed across patient subgroups and for the entire treatment duration....
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07.02.26 - 15:45
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HSBC Encouraging Departures By Offering "Little To Zero" Bonuses For Underperformers (ZeroHedge)
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HSBC Encouraging Departures By Offering "Little To Zero" Bonuses For Underperformers
HSBC is preparing to award little or no bonuses to some bankers as it adopts a tougher, performance-driven pay model similar to its US rivals, according to Bloomberg. Underperforming staff in investment banking and wealth management — including some managing directors — may be encouraged to leave after bonuses are paid in the coming weeks, according to people familiar with the matter. Final decisions have not yet been made.
The move reflects the strategy of CEO Georges Elhedery, who has pushed to align HSBC's compensation practices with those of Wall Street firms. Since taking over in late 2024, he has led a major restructuring, shutting down much of the bank's US and European deals and equity underwriting operations and merging commercial and investment banking. Several senior executives have exited as part of the overhaul.
According to Bloomberg, HSBC said it remains committed to rewarding em...
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