Financial Times – February 12,

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Headlines

- BP to pay cash bonuses at 45% target following poor performance

After 5 months, the Entain Chief steps down

- Novartis signs $3 billion agreement to purchase heart drug biotech technology from Blackstone

EU will retaliate to US tariffs on steel and aluminum

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BP told 39,000 employees their cash bonus would be only 45% of the target amount after a poor year in financial and operational performance.

Gavin Isaacs, the chief executive officer of Ladbrokes' owner Entain has resigned after only five months.

Novartis agreed to purchase Anthos Therapeutics for up to $3.1billion after Blackstone Life Sciences had funded the development of Anthos' treatment to prevent strokes and serious blood clots.

EU officials said they would take "firm and proportionate" countermeasures against U.S. steel and aluminum tariffs, as officials in Brussels raced to avoid a trade conflict with Washington.

(source: Reuters)