It was the first day on the job for AstraZeneca PLC’s new CEO Pascal Soriot and he already was making headlines with his decision to halt the multinational pharma’s share-buyback program. The announcement, made early Oct. 1, shocked analysts and investors.
“His first and only move thus far comes as a surprise,” Sanford C. Bernstein & Co. analyst Tim Anderson wrote in an Oct. 1 note.
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