Attacks Halt Saudi Energy Sites, Novartis Drops Most in 6 Years | The Opening Trade 9/8/2026
Brent oil surged toward $100 a barrel after Saudi Arabia halted some energy operations near its border with Yemen due to attacks, highlighting risks to supply from the region. Novartis shares plunge as much as 10%, marking the worst day since 2020, after its del-desiran treatment for a rare muscle-wasting disease failed to meet the primary endpoint in a phase 3 trial. Vontobel said this is…
Brent oil prices surged past $100 a barrel following Saudi Arabia's decision to halt some energy operations near its border with Yemen due to attacks, signaling potential supply risks from the region. Novartis shares plummeted up to 10%, marking the worst trading day since 2020, following a failed phase 3 trial for its del-desiran treatment for a rare muscle-wasting disease, labeled by Vontobel as another "major pipeline setback."
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