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☆ Pfizer raises 2022 earnings guidance, beats third-quarter expectations
▼ + stars: | 2022-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pfizer on Tuesday raised its 2022 earnings guidance after booking a strong third quarter that beat Wall Street expectations. Pfizer raised its full year sales guidance for its Covid-19 vaccine to $34 billion this year, up $2 billion from the company's previous expectations. The company sold $4.4 billion of its Covid vaccine worldwide in the quarter, a decrease of 66% compared to the third-quarter of 2021. Pfizer's antiviral treatment Paxlovid also had a strong quarter, generating $7.5 billion in sales worldwide though mostly in the U.S. Pfizer booked net income of $8.6 billion for the third quarter, a 6% increase over the same quarter last year.

☆ Chilean lawmakers approve Trans-Pacific Partnership
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

Chile's Sub Secretary of International Economics Relations Jose Miguel Ahumada shakes hands with Senator Ivan Moreira after the final discussion to vote on the Trans-Pacific Partnership at the National Congress in Valparaiso, Chile October 11, 2022. REUTERS/Rodrigo GarridoSANTIAGO, Oct 11 (Reuters) - Chile's congress voted to approve the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade deal on Tuesday after four years of legislative debate. Twenty-seven senators voted for the world's largest copper producer to join the 11-country trade deal while 10 voted against and one senator abstained. The government had said the CPTPP was not part of its program and it would not promote or hinder its passage. The trade deal had become a source of political debate, and protesters against the CPTPP gathered outside the Senate building on Tuesday to oppose the deal.

☆ Chile to issue $12 bln in debt in 2023
▼ + stars: | 2022-09-22 | by ( Rodrigo Campos | ) www.reuters.com time to read: +2 min

Chile's Finance Minister Mario Marcel speaks to the media at the congress in Valparaiso, Chile March 23, 2022. REUTERS/Rodrigo GarridoNEW YORK, Sept 22 (Reuters) - Chile estimates it will issue $12 billion in total debt next year and the largest budget increases will be in social protection and science and technology, Finance Minister Mario Marcel told Reuters on Thursday. The minister is confident Chile will soon make a dent on inflation, running at double digits. Marcel said clear signals for another moderate constitutional proposal, progress on tax reforms and hopeful pension reforms will help reduce uncertainty. "It should take at least six years to face-in all this increase so as not to have an impact on employment."

☆ U.S. cutting global donations of Pfizer COVID shots as demand slows
▼ + stars: | 2022-09-22 | by ( Michael Erman | ) www.reuters.com time to read: +2 min

REUTERS/Rodrigo GarridoNEW YORK, Sept 22 (Reuters) - The United States is significantly cutting back the number of Pfizer (PFE.N)/BioNTech (22UAy.DE) COVID-19 vaccine doses it will buy for donation to poorer nations this year, Pfizer said on Thursday, citing diminished demand for the shots in those countries. The United States will have an option to buy up to an additional 400 million shots for the program after this year. Pfizer said it had already delivered 400 million vaccine doses in 79 countries under the U.S. government contract. The vaccine doses were donated through the COVAX program, run by the World Health Organization and GAVI global vaccine alliance, which was intended to deliver COVID-19 shots to the world's poorer countries. COVAX has been negotiating since june with vaccine manufacturers to cut or slow deliveries of 400 million to 600 million vaccine doses from its own contracts.

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