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AstraZeneca moves some production to US amid tariff threat
AstraZeneca moves some production to US amid tariff threat
Business and Economy
by  AFP

British pharmaceutical giant AstraZeneca announced Tuesday that it has begun moving some of its European production to the United States, ahead of President Donald Trump's possible tariffs on the sector. Other pharmaceutical companies have also announced plans to increase investments in the United States.

Pfizer profits dip on lower Paxlovid sales
Pfizer profits dip on lower Paxlovid sales
Business and Economy
by  AFP

Pfizer reported a dip in profits Tuesday, driven partly by lower sales of Covid-19 therapeutic drug Paxlovid, as it maintained a 2025 forecast that does not include potential tariff effects. Sales of Paxlovid slid 75 percent amid lower Covid-19 infections and reduced government purchases of the medication.

Spotify posts record profit in first quarter
Spotify posts record profit in first quarter
Business and Economy
by  AFP

Music streaming giant Spotify on Tuesday reported a 12-percent rise in paying subscribers in the first quarter to 268 million, along with a record operating profit. The number of paying subscribers, which account for most of Spotify's revenue, grew to 268 million, slightly higher than its guidance of 265 millions.