Bloomberg An experimental Novartis AG treatment for a form of advanced breast cancer slashed the risks of death and the disease progressing in a study, paving way for the Swiss drugmaker to seek regulatory approval in the U.S. and Europe by the end of the year. Novartis expects to win the first approval for the drug, ribociclib, by the …

  Bloomberg Brazil’s state-controlled oil company Petroleo Brasileiro SA is preparing to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. Petrobras, which hasn’t adjusted gasoline and diesel prices for more than a year, will set prices at or above parity with international …

Bloomberg Energy developers in Argentina won contracts to sell 1,109 megawatts of renewable electricity in a government-organized auction, after the nation implemented reforms aimed at promoting wider use of clean power. Wind-power companies including Envision and Pampa Energia agreed to provide 708 megawatts of capacity, Renewable Energy Undersecretary Sebastian Kind said at an event Friday in Buenos Aires. Solar developers …