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European Stocks Rise Amid Mixed Earnings as Fed Prepares for Two-Day Meeting

European stocks move higher for the first time in three days on Tuesday amid a mixed bag of corporate earnings.

European stocks move higher for the first time in three days on Tuesday amid a mixed bag of corporate earnings as the Federal Reserve prepares to begin a two-day meeting. In Paris drugmaker Sanofi declines after warning that diabetes drug pricing pressure in the U.S. will eat into 2015 sales but Swiss peer Novartis gains as third-quarter earnings creep ahead of consensus forecasts. In Japan Takeda edges higher after the pharmaceuticals maker and partner Eli Lilly (LLY) convinced a Louisiana court to slash a $9 billion damages award over claims the duo hid cancer risks associated with their Actos diabetes drug.

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