Baush & Lomb shares fall after CEO exit

Bausch & Lomb announced that its CEO, Brent Saunders, unexpectedly stepped down by mutual agreement, with Chairman Thomas Abbio taking over as interim leader. The company's shares dropped more than 5% on the US stock market following this announcement, with no reasons given for Saunders' departure. Both companies expect to raise their profit forecasts for 2026 based on third-quarter results, with an updated outlook to be announced by the end of October.

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