logo
Merck Expects $200 Million Tariff Hit Amid Gardasil Fallout

Merck Expects $200 Million Tariff Hit Amid Gardasil Fallout

Bloomberg24-04-2025
Merck expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. The company's first-quarter results beat estimates, with sales of $15.5 billion and adjusted earnings of $2.22 per share. Merck expects to launch an easier-to-use version of Keytruda later this year and is counting on new medicines to offset the impending decline of Keytruda. Merck's sales of Gardasil vaccine have fallen 41% in the first quarter, but the company is counting on new medicines, including a easier-to-use version of Keytruda, to offset the decline. Bloomberg's Damian Garde reports. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Marfrig's Home Beef Business Helps Cushion US Cattle Squeeze
Marfrig's Home Beef Business Helps Cushion US Cattle Squeeze

Bloomberg

time25 minutes ago

  • Bloomberg

Marfrig's Home Beef Business Helps Cushion US Cattle Squeeze

Marfrig Global Foods SA's operating earnings shrunk less than expected as rising profits at its South American beef operation helped it weather the impact of a severe cattle shortage in the US and a bird flu outbreak in Brazil. Earnings before items such as interest and taxes fell 11% from a year earlier to 3 billion reais ($550 million) in the three months ended in June, the company said in a statement. That compares with a 2.12 billion-real average of analyst estimates compiled by Bloomberg.

Intel Stock Climbs 7% as Trump Admin Weighs Stake
Intel Stock Climbs 7% as Trump Admin Weighs Stake

Bloomberg

time25 minutes ago

  • Bloomberg

Intel Stock Climbs 7% as Trump Admin Weighs Stake

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Rockefeller Global Family Office's Jimmy Chang, Bank of America's David Tinsley, Morgan Stanley's Alex Straton, Harvard University Professor Ken Rogoff, Motley Fool Asset Management's Shelby McFaddin, Malibu Boats' Steve Menneto, PIMCO's Libby Cantrill, The Conference Board's Dana Peterson. (Source: Bloomberg)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store