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Pfizer hikes 2025 profit outlook on cost cuts, strong quarterly results

129d ago
Business
CNBC
Corporate environment
Pfizer has raised its profit outlook for 2025, citing successful cost-cutting measures and robust quarterly financial results. The pharmaceutical giant's announcement arrives amidst industry-wide challenges, including potential impacts from former President Trump's proposals to reduce U.S. drug prices and his threatened tariffs on pharmaceutical imports. The company is navigating a complex economic and political landscape while aiming to maintain profitability and growth.
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