Bloomberg Novartis AG trimmed its sales forecast for the year as pandemic hit demand for eye drug Lucentis and other medicines. Sales are expected to grow by a mid-single-digit percentage, the Swiss drugmaker said Tuesday, narrowing an April forecast that ranged up to the high-single digits. Earnings excluding some items will likely increase by a low-double-digit percentage, according to a ...

Bloomberg Sales of Renault SA’s all-electric Zoe car jumped 38% in the first half, a rare bright spot amid the grim fallout of the coronavirus pandemic Most of the deliveries were made in Europe, where the Zoe became the best-selling electric car thanks in part to generous government incentives, the French automaker said in a statement. Renault’s overall sales in ...

Bloomberg The Swiss watch industry faces a 30 percent drop in exports this year as the coronavirus pandemic slashes international travel and key markets outside China still grapple with the outbreak. The Federation of the Swiss Watch Industry gave the forecast after shipments declined 36% to $7.4 billion in the first half. A full-year decline that big would be the ...