MORNING NEWS

Warren Buffett’s Berkshire Hathaway sold shares in Apple during the second quarter, further paring its position in the iPhone maker, while adding UnitedHealth Group to its portfolio.

JD.com’s quarterly profit halved as the Chinese e-commerce giant continued its costly push into the highly competitive food-delivery space, challenging established players Meituan and Alibaba Group. Net profit for the second quarter slumped 51% to 6.18 billion yuan, equivalent to about $861 million, though it beat analysts’ expectations of 3.625 billion yuan.

Cisco reported higher fourth-quarter earnings and revenue that beat analysts’ expectations, fueled by growing demand for its AI products. The tech company reported net income of $2.8 billion, or 71 cents a share, up from $2.2 billion, or 54 cents, in the year prior.

Novartis said its ianalumab drug combined with eltrombopag met the primary endpoint in a late-stage trial, demonstrating a significant improvement in time to treatment failure for patients with primary immune thrombocytopenia. The Swiss pharmaceutical company said Tuesday that the drug achieved the primary goal in a phase 3 trial.

The European Union gave conditional approval to Prosus, the Dutch subsidiary of Naspers, for its $4.77 billion bid for JustEat Takeaway.com, clearing a key hurdle for the transaction.

Intel CEO Lip-Bu Tan is set to visit the White House Monday after President Trump called for his removal last week over ties to Chinese businesses, according to people familiar with the matter.

The next adjustment of the MSCI stock indices also affects some Swiss companies. According to information on the index operator's homepage on Friday, for example, the shares of the banking software manufacturer Temenos will be removed from the MSCI Global Standard.

The Zurich Group slightly increased its results in the first half of 2025, despite a higher burden due to natural catastrophes. Growth in non-life and especially in the life business as well as good investment results provided momentum.

Ascom achieved a stable turnover in the first half of 2025, yet thanks to a savings program, operating profit was significantly increased. As a result, the outlook for the full year was also confirmed.

Recruitment and temporary work specialist Adecco experienced a slow second quarter, with declining revenue and stable profit. Management expects profitability to improve in the second half of the year compared to the first six months.