Novartis CEO tells employees 'we made a mistake' on Cohen payment

5:01 PM ET Thu, 10 May 2018

Novartis CEO Vasant Narasimhan told employees in an internal memo Thursday that "yesterday was not a good day" for the company, after the pharmaceutical giant revealed that it paid $1.2 million to President Donald Trump's personal lawyer, Michael Cohen. Narasimhan said "we made a mistake" in entering a contract with Cohen for guidance "as to how the Trump administration might approach certain US healthcare policy matters."