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Stock impact report

Novartis leaves NC incentive as it lowers hiring target at Durham manufacturing site [Yahoo! Finance]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Yahoo! Finance
The North Carolina Economic Investment Committee on Tuesday canceled the company's 2019 job development investment grant, which promised to create 200 jobs, upon Novartis' request. “Although Novartis will remain fully operational at the project location, the company does not expect enough growth to meet the headcount commitments for phase II (of the project),” Novartis Gene Therapies secretary Jaime Huertas wrote in a March 6 letter to the North Carolina Department of Commerce. In May 2018, North Carolina awarded the Novartis gene therapy division (then called AveXis, later renamed Novartis Gene Therapies) an initial job development investment grant to build a new manufacturing center in south Durham. Through this first JDI Read more
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