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Novartis executive exodus complicates drugmaker’s rebuilding job

By John Miller ZURICH (Reuters) – With seven departures in the space of five months, Novartis's top management is in upheaval just as CEO Joe Jimenez tries to tackle a list of challenges that have seen the drug firm's share price fall 25 percent since July. The most dramatic exit came last week, when head of pharmaceuticals David Epstein quit as his division was broken in two. By splitting oncology into a department of its own, Novartis aims to make the most of…

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Novartis executive exodus complicates drugmaker’s rebuilding job

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Oil hits 2016 high above $40; glut warnings resurface

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big. Global crude prices have risen more than 40 percent since two months ago when…

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Oil hits 2016 high above $40; glut warnings resurface