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Globe and Mail
16 hours ago
- Globe and Mail
Viatris Earnings Call: Growth Amid Challenges
Viatris, Inc. ((VTRS)) has held its Q2 earnings call. Read on for the main highlights of the call. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The recent earnings call for Viatris, Inc. painted a picture of mixed sentiment, highlighting both achievements and challenges. The company showcased strong pipeline progress and international growth, particularly in China, while grappling with operational impacts from the Indore facility and declines in the North American and Japanese markets. Despite these hurdles, Viatris remains committed to shareholder returns and has several promising product launches on the horizon, indicating potential for future growth. Strong Pipeline Progress Viatris reported significant advancements in its pipeline, with five out of six anticipated Phase III readouts showing positive results. This includes two ophthalmology programs and a fast-acting formulation of meloxicam, which targets the lucrative $80 billion U.S. acute pain market. These developments underscore the company's focus on innovation and its potential to capture significant market share. Operational Revenue Growth The company achieved a 3% divestiture-adjusted operational revenue growth, largely driven by robust performance in Europe and Greater China. This growth reflects Viatris' strategic efforts to strengthen its presence in key international markets, despite facing challenges in other regions. Shareholder Returns Viatris demonstrated its commitment to shareholder value by returning over $630 million to shareholders, including $350 million in share repurchases this year. This move highlights the company's focus on rewarding its investors and maintaining confidence in its financial health. Positive Developments in China Greater China emerged as a bright spot for Viatris, with net sales growing by 9%, surpassing expectations. This growth was fueled by strong demand and proactive patient choice, showcasing the region's importance to the company's overall strategy. New Product Launches Expected Looking ahead, Viatris anticipates multiple product launches in 2026, including EFFEXOR for generalized anxiety disorder in Japan, XULANE low dose for contraception, and several ophthalmology products. These launches are expected to bolster the company's product portfolio and drive future revenue growth. Indore Facility Impact The Indore facility faced issues that resulted in a negative impact of approximately $160 million, affecting Viatris' operational revenue growth. This setback highlights the operational challenges the company must address to sustain its growth trajectory. Decline in North American Business Viatris' North American business experienced an 11% decline, attributed to the Indore facility impact and increased competition. However, this was partially offset by revenues from new products, indicating some resilience in the market. Japan Sales Decline Sales in Japan decreased by approximately 11%, driven by government price regulations and changes in reimbursement policies. This decline underscores the regulatory challenges Viatris faces in maintaining its market position in Japan. Challenges in Generic Product Approvals The company is experiencing delays in the anticipated timing of approvals and launches of certain generic products, which could negatively impact new product revenues. This challenge highlights the complexities of navigating the generic pharmaceutical landscape. MR-139 Ophthalmology Program Challenges The Phase III study of MR-139 for blepharitis did not meet its primary endpoint, necessitating further work to determine the next steps. This setback indicates the hurdles in developing successful treatments in the ophthalmology sector. Forward-Looking Guidance In its Q2 2025 earnings call, Viatris reaffirmed its financial guidance for 2025, expecting to be in the top half of the range on revenue and adjusted EPS. The company emphasized its strategic initiatives, including advancing its pipeline and conducting a comprehensive enterprise-wide strategic review to position itself for sustainable future growth. Despite potential impacts from U.S. tariffs, Viatris anticipates no material effect on its 2025 financials. In summary, Viatris, Inc.'s earnings call highlighted a blend of strong international growth and pipeline progress, countered by operational and market challenges. The company's commitment to shareholder returns and strategic product launches offer a promising outlook, despite the hurdles it faces in North America and Japan. Investors will be keenly watching how Viatris navigates these challenges and capitalizes on its growth opportunities. Disclaimer & Disclosure Report an Issue
CTV News
a day ago
- CTV News
India faces tough choices under U.S. tariff pressure
A student of Gurukul school of Art completes artwork of U.S. President Donald Trump and Prime Minister of India Narendra Modi, in Mumbai, India, Friday, Aug. 1, 2025. (AP Photo/Rajanish Kakade) India faces an ultimatum from the United States with major political and economic ramifications both at home and abroad: end purchases of Russian oil or face painful tariffs. Indian Prime Minister Narendra Modi, leader of the world's most populous nation and its fifth-biggest economy, must make some difficult decisions. U.S. President Donald Trump has given longstanding ally India, one of the world's largest crude oil importers, three weeks to find alternative suppliers. Levies of 25 per cent already in place will double to 50 per cent if India doesn't strike a deal. For Trump, the August 27 deadline is a bid to strip Moscow of a key source of revenue for its military offensive in Ukraine. 'It is a geopolitical ambush with a 21-day fuse,' said Syed Akbaruddin, a former Indian diplomat to the United Nations, writing in the Times of India newspaper. How has India responded? New Delhi called Washington's move 'unfair, unjustified and unreasonable'. Modi has appeared defiant. He has not spoken directly about Trump but said on Thursday 'India will never compromise' on the interests of its farmers. Agriculture employs vast numbers of people in India and has been a key sticking point in trade negotiations. It all seems a far cry from India's early hopes for special tariff treatment after Trump said in February he had found a 'special bond' with Modi. 'The resilience of U.S.-India relations... is now being tested more than at any other time over the last 20 years,' said Michael Kugelman, from the Asia Pacific Foundation of Canada. What is the impact on India? Russia accounted for nearly 36 per cent of India's total crude oil imports in 2024, snapping up approximately 1.8 million barrels of cut-price Russian crude per day. Buying Russian oil saved India billions of dollars on import costs, keeping domestic fuel prices relatively stable. Switching suppliers will likely threaten price rises, but not doing so will hit India's exports. The Federation of Indian Export Organisations warned that the cost of additional U.S. tariffs risked making many businesses 'not viable'. Urjit Patel, a former central bank governor, said Trump's threats were India's 'worst fears'. Without a deal, 'a needless trade war' would likely ensue and 'welfare loss is certain', he said in a post on social media. What has Modi done? Modi has sought to bolster ties with other allies. That includes calling Brazilian President Luiz Inacio Lula da Silva on Thursday, who said they had agreed on the need 'to defend multilateralism'. Ashok Malik, of business consultancy The Asia Group, told AFP: 'There is a signal there, no question.' India's national security adviser Ajit Doval met with Vladimir Putin in Moscow, saying the dates of a visit to India by the Russian president were 'almost finalized'. Modi, according to Indian media, might also visit China in late August. It would be Modi's first visit since 2018, although it has not been confirmed officially. Beijing's foreign ministry spokesman Guo Jiakun said in response to an AFP question on Friday that 'China welcomes Prime Minister Modi' for the Shanghai Cooperation Organization summit. India and neighbouring China have long competed for strategic influence across South Asia. Successive U.S. administrations have seen India as a key partner with like-minded interests when it comes to China. 'All those investments, all that painstaking work done by many U.S. presidents and Indian prime ministers, is being put at risk,' Malik said. 'I have not seen the relationship so troubled since the early 1990s, to be honest. I'm not saying it's all over, not in the least, but it is at risk.' Can Modi change policy? Modi faces a potential domestic backlash if he is seen to bow to Washington. 'India must stand firm, put its national interest first,' the Indian Express newspaper wrote in an editorial. Opposition politicians are watching keenly. Mallikarjun Kharge, president of the key opposition Congress party, warned the government was 'disastrously dithering'. He also pointed to India's longstanding policy of 'non-alignment'. 'Any nation that arbitrarily penalizes India for our time-tested policy of strategic autonomy... doesn't understand the steel frame India is made of,' Kharge said in a statement. However, retired diplomat Akbaruddin said there is still hope. New Delhi can be 'smartly flexible', Akbaruddin said, suggesting that could mean 'buying more U.S. oil if it's priced competitively, or engaging Russia on the ceasefire issue.'
Toronto Sun
a day ago
- Toronto Sun
White House to clarify gold tariffs after ruling sparked chaos
Published Aug 08, 2025 • 2 minute read Gold bars at the Italpreziosi SpA precious metals refinery plant arranged in Arezzo, Italy, May 6, 2025. Photo by Alessia Pierdomenico / Bloomberg The Trump administration suggested it would issue a new policy clarifying that imports of gold bars shouldn't face tariffs, after a U.S. government agency stunned traders by formally ruling that they'd be subject to duties. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The administration intends to post an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House official told Bloomberg in a written statement. The official detailed the plans Friday on condition of anonymity. Futures prices on New York's Comex pared gains and the global benchmark for spot prices in London fell after the White House statement. The price differential between the two key trading hubs collapsed below $60 an ounce, after earlier surging to above $100 in response to the initial tariff shock. The chaos that shook the bullion markets in the past 23 hours came after details emerged of a U.S. Customs and Border Protection ruling that said one-kilogram and 100-ounce gold bars are subject to so-called reciprocal tariffs. The ruling, posted on the agency's website, came after a Swiss refiner sought clarity on the levies. Such a directive would bring sweeping implications for bullion around the world and could have disrupted the functioning of the U.S. futures contract. This advertisement has not loaded yet, but your article continues below. Gold-related equities also quickly dropped after the White House statement, with larger gold mining stocks including Newmont Corp. and Agnico Eagle Mines Ltd. immediately erased earlier gains, as did gold royalty provider Franco-Nevada Corp. and funds like the VanEck Gold Miners ETF. RECOMMENDED VIDEO Gold has a unique role as a financial asset and global currency, making it different from copper, steel and aluminum — other metals that have been hit by Trump's tariffs. Shipments were freezing up in response to the decision that gold imports would face U.S. duties, traders said earlier Friday. A White House order clarifying its position would serve to calm the market chaos caused by fears of a tariff on gold imports. Trump administration officials have repeatedly vowed the president's second-term tariffs won't be marked by exemptions, after a host of exclusions granted his first four years in office were seen as undermining the effectiveness of previous levies. — With assistance from Geoffrey Morgan and Jack Ryan. Read More Toronto Blue Jays Tennis Olympics Ontario Editorials
