Attacks Halt Saudi Energy Sites, Novartis Drops Most in 6 Years | The Opening Trade 9/8/2026

Brent oil futures rose toward $100 a barrel after Saudi Arabia halted some energy operations near its border with Yemen following attacks in the region. Novartis shares declined as much as 10% after its del-desiran treatment for a rare muscle-wasting disease failed to meet the primary endpoint in a phase 3 trial, marking the stock's largest single-day drop since 2020. Vontobel analysts characterized the trial outcome as a setback to the company's pipeline.

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