Taiwan Semi’s Latest Breakthrough Isn’t Just Bad for ASML Stock, It Could Disrupt the Entire Chip Industry

UBS Group AG Chief Executive Officer Sergio Ermotti said that financial markets are at risk of over-optimism regarding the Iran conflict.

UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank’s intention to add to the $3 billion tally of share buybacks this year. Speaking to Bloomberg’s Guy Johnson, Ermotti says the lender believes it’s going to complete the $3 billion buyback “by the end of July.”

UBS reported its first quarter earnings on Wednesday, with net profits beating analyst estimates.