The NBE said it would reduce rates on its three-year variable-return platinum certificates by 2.25 percentage points. Fixed-rate three-year certificates will see a 2-point cut across all maturities.

The site in the European biotech hub of Basel, Switzerland, is run by Boehringer’s subsidiary NBE Therapeutics. Boehringer bought the Swiss biotech for $1.5 billion in 2020 in a deal centered ...

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