Nestlé to Slash 16K Jobs, TSMC Boosts Confidence in AI ‘Megatrend’ | The Opening Trade 10/16

Nestlé shares surged after the foodmaker posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs, just weeks after replacing its chief executive officer. The stock climbed as much as 8.2% in early Swiss trading, the biggest gain since 2008. TSMC hiked it...

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