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US private sector job growth higher than expected: ADP
US private sector job growth higher than expected: ADP
Economy
by  AFP

Hiring in the US private sector cooled in April but job growth was still higher than anticipated, boosted by the services sector, payroll firm ADP said Wednesday. Other sectors adding jobs included trade, transport and utilities, as well as education and health services, said ADP. But analysts caution that private payroll numbers can be revised significantly.

Pfizer profits drop on lower Covid-19 product sales
Pfizer profits drop on lower Covid-19 product sales
Economy
by  AFP

Pfizer reported a drop in profits on lower sales of Covid-19 related profits Wednesday as it steers investments to other pharmaceutical areas and implements previously announced cost cuts. Much lower sales of Covid-19 vaccine Comirnaty and therapeutic Paxlovid accounted for a 20 percent drop in first-quarter revenues to $14.9 billion compared with the year-ago period.