Merck Faces $200 Million Hit from Tariffs as Gardasil Sales Decline

Merck Faces $200 Million Hit from Tariffs as Gardasil Sales Decline
29 days ago

In a challenging turn of events for Merck & Co., the pharmaceutical giant is bracing for an anticipated $200 million financial impact due to new tariffs that are significantly affecting the sales of its cervical cancer vaccine, Gardasil. This downturn in revenue comes as global sales of the vaccine have dropped drastically, placing further pressure on the company’s financial outlook.

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Virgin Galactic's Suspension of Space Tourism Flights Hits Sales Hard

Virgin Galactic's Suspension of Space Tourism Flights Hits Sales Hard
7 months ago

Virgin Galactic, the pioneering space tourism company founded by Sir Richard Branson, is facing a significant setback as it announced a halt in its tourism flights. This pause has raised substantial concerns regarding its sales outlook and overall financial performance. The company reported a dramatic decline in ticket revenue, which underscores the challenges facing the fledgling industry.

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