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flag Bristol Myers Squibb reports strong earnings but lowers 2025 outlook due to generic competition pressures.

flag Bristol Myers Squibb reported strong Q4 earnings but issued 2025 guidance that fell short of expectations due to anticipated competition from generics for older drugs. flag The company plans to cut costs by $2 billion by 2027 to offset revenue losses and invest in growth opportunities. flag Despite facing challenges, Bristol Myers Squibb expects to achieve significant savings and maintain growth through its expanding portfolio and operational improvements.

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