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Search resuls for: "Christopher Occhicone"


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Merck said its 2023 earnings-per-share would be lower because of a $5.5 billion charge related to a collaboration with a Japanese drugmaker. Photo: Christopher Occhicone/Bloomberg NewsWall Street has slashed its estimates for corporate profits in the final months of 2023. Yet investors appear to be taking the shifting picture in stride, partly because much of the blame appears to fall on just two companies: Pfizer and Merck . Analysts cut their projections for fourth-quarter earnings at companies in the S&P 500 by 3.9% in October, according to FactSet, more than twice the 10-year average of 1.8%. That marks the deepest reduction during the first month of a quarter in more than three years.
Persons: Merck, Christopher Occhicone Organizations: Bloomberg, Pfizer, Merck, Analysts
Merck and Daiichi Sankyo agreed to jointly develop and commercialize three potential antibody-drug conjugates in a deal worth up to $22 billion. Photo: Christopher Occhicone/Bloomberg NewsA true home run in the drug industry is when a company develops a mega-blockbuster that transforms its finances for years. But with Medicare trying to bring costs down by targeting the industry’s most expensive drugs, a portfolio of medium-size moneymakers that can keep your name off the U.S. government’s naughty list can be a wise strategy.
Persons: Christopher Occhicone Organizations: Merck, Bloomberg
Vadym Boychenko, mayor of Mariupol, at his office in the city hall of Mariupol, Ukraine, on Wednesday, Jan. 12, 2022. Russian service members work on demining the territory of Azovstal steel plant during Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine May 22, 2022. A view shows the building of a theatre destroyed in the course of Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine April 10, 2022. Before Russia's invasion last February, Mariupol was affectionately known as the mighty Ukrainian city with a fierce, steel heart. A local resident reacts while speaking outside a block of flats heavily damaged during Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine April 18, 2022.
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