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Schneider Electric in Talks to Take Control of Aveva Group

France’s Schneider Electric is in advanced talks to take control of British engineering software provider Aveva Group, according to people familiar with the matter, after previous talks to merge their software operations collapsed over terms.

Novartis CEO to Step Down In January

Novartis said its Chief Executive Joe Jimenez is to step down in January after leading the company through a tumultuous eight years marked by big patent expiries and intensifying scrutiny on drug pricing in the U.S.