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Pfizer reports loss as Covid-19 revenues shrink
Pfizer reports loss as Covid-19 revenues shrink
Economy
by  AFP

Pfizer reported Tuesday a loss following a sharp fall in the sales of its Covid-19 vaccine and therapeutic from pandemic peaks. Results were dented by a $5.6 billion inventory write-down in Covid-19 therapeutic Paxlovid and vaccine Comirnaty.

AB InBev profit higher despite Bud Light sales plunge
AB InBev profit higher despite Bud Light sales plunge
Economy
by  AFP

AB InBev, the world's top brewer, said Tuesday sales and net profits edged higher in the third quarter despite a drop in sales volume, in particular in the United States where Bud Light has been boycotted by conservative figures. But sales volumes in the United States plunged by a fifth in the third quarter, "primarily due to the volume decline of Bud Light", the brewer said.

Eurozone economy shrinks in third quarter, inflation falls further
Eurozone economy shrinks in third quarter, inflation falls further
Economy
by  AFP

Economic growth in the eurozone contracted in the third quarter, data showed Tuesday, hit by the European Central Bank's painful rate-hiking campaign and Germany's weakening economy, but inflation slowed in October. Consumer price inflation in the eurozone has slowed to 2.9 percent, Eurostat data for October showed Tuesday, the lowest rate since July 2021 when it reached 2.2 percent.