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Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
U.S. stock indexes pulled back, with the S&P 500 down 0.4% and Nvidia's stock falling 1.2%, marking its eighth loss in nine days. Despite this, the S&P 500 is up nearly 27% for the year, buoyed by strong economic resilience and expectations of favorable policies from President-elect Trump. Bitcoin briefly surpassed $108,000 before retreating to around $106,500.
UBS has maintained a 'Neutral' rating for Pfizer, setting a price target of 31 US dollars. Analyst Trung Huynh noted that the pharmaceutical company's outlook for 2025 did not present any surprises in his initial reaction.
Pfizer Inc. is the leading pharmaceutical company globally, with sales categorized into primary care products (52.3%), specialty care products (25.6%), oncology (19.9%), and others (2.2%). Geographically, 46.3% of sales come from the United States, 19.9% from Europe, and 33.8% from other regions.
US stocks declined on Tuesday as investors grew cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data. The Dow Jones fell 231.55 points to 43,487.22, while the S&P 500 and Nasdaq Composite also experienced losses. Pfizer's stock rose 4.1% after projecting higher profits for 2025, contrasting with a dip in Nvidia shares by 3.5%.
Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.
Stocks slipped as the Dow fell for the ninth consecutive day, its longest slump since 1978, ahead of the Federal Reserve's rate decision. Teva and Sanofi shares soared after positive drug trial results, while Amentum and EVgo faced declines due to concerns over future growth and investor sell-offs, respectively. Pfizer's shares rose after affirming its 2024 projections and providing a 2025 outlook in line with expectations.
Sangamo Therapeutics' shares surged by 36% following Roche's decision to discontinue its gene therapy program for hemophilia A, specifically the SPK-8011 therapy. This marks Sangamo's largest stock increase since October 28. The company is collaborating with Pfizer on a competing gene therapy, giroctocogene fitelparvovec, targeting the same condition.
Sangamo Therapeutics saw its shares soar by 36% after Roche announced the discontinuation of its gene therapy program for hemophilia A, specifically the SPK-8011 therapy. This decision, described as a "strategic decision," follows Roche's acquisition of Spark Therapeutics in 2019. Sangamo is collaborating with Pfizer on a competing gene therapy, giroctocogene fitelparvovec, targeting the same condition.
The Global Bisoprolol Fumarate market is projected to grow from USD 1.3 billion in 2023 to USD 2.0 billion by 2032, with a CAGR of 7%. This medication, primarily used for hypertension and heart-related conditions, is expected to see increased demand driven by regulatory changes and market dynamics across various regions, particularly in Europe and Asia-Pacific. Key players include Merck, Pfizer, and Novartis, with a focus on understanding market trends and competitive strategies.
Pfizer Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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