News Alert: Novartis executive retiring over drugmaker's payments to Trump lawyer Michael Cohen


Novartis executive retiring over drugmaker's payments to Trump lawy...

Felix R. Ehrat, the senior lawyer for the Swiss drugmaker, said that he was leaving the company in June after co-signing the agreement to pay $1.2 million to a firm owned by Michael Cohen, a personal attorney for President Trump. Novartis has said it hired Essential Consultants to get advice on how the Trump administration might approach U.S. health-care policy matters.

Ehrat said in a statement that while the contract was legally in order, “it was an error.”

The retirement comes days after AT&T said the top executive in its Washington office was leaving over a consulting deal the telecom giant had with Cohen. AT&T chief executive Randall Stephenson called the deal a "big mistake."

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