Bloomberg Business

Lonza CEO to Leave as Pharma Supplier Faces Slower Sales

Lonza Group AG, the Swiss supplier for pharma and nutrition companies, said Chief Executive Officer Pierre-Alain Ruffieux will leave at the end of the month, the third surprise CEO departure in about five years.

Ant to Pull Out of $100 Million Fund in Retreat From Crypto

Chinese fintech behemoth Ant Group Co. is planning to unwind its investment in A&T Capital, retreating from a $100 million vehicle that was central to its bet on a turbulent digital-asset arena, according to people familiar with the matter.

Bundesbank Urges Economic Revamp as German Economy Shrinks

(Bloomberg) — Germany’s economy will probably shrink this quarter and officials must address a range of deep-seated challenges to the country’s business model if they’re to boost the longer-term outlook, according to the Bundesbank.

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