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Tepid 2026 outlook dents Pfizer shares
Tepid 2026 outlook dents Pfizer shares
by  AFP

Pfizer signaled Tuesday it expects a challenging 2026 as it invests in new products to offset declines in Covid-19 revenues while limiting shareholder payouts. The drugmaker expects a drop of $1.5 billion in 2026 revenues tied to lower Covid-19 sales and the decline of another $1.5 billion from products experiencing a loss of exclusivity.

Economic losses from natural disasters down by a third in 2025: Swiss Re
Economic losses from natural disasters down by a third in 2025: Swiss Re
by  AFP

Global economic losses from natural disasters are projected to have dropped by 33 percent to $220 billion in 2025, despite the damage wrought by the Los Angeles wildfires, reinsurer Swiss Re said Tuesday. The Los Angeles blazes were the costliest-ever wildfire event globally, with insured losses of $40 billion.

Canada plow-maker can't clear path through Trump tariffs
Canada plow-maker can't clear path through Trump tariffs
by  AFP

For decades, Arctic Snowplows has sold its Canadian-made galvanized steel products to "anywhere there is snow" across the border in the United States, says company president Mike Schulz. But Canadian sales are only a "fraction" of what the company has historically made in the United States, he said.

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