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Bloomberg Intelligence
Meta Misfire, Market Selloff
Apr 25, 2024
David Kirkpatrick recaps Meta earnings, Ira Jersey discusses US interest rates, Barry Ritholtz talks market selloff, James Abate covers latest on markets. Topics include AI investments impact on Facebook, market responses to high inflation, Federal Reserve expectations and interest rates, economic analysis, market trends, and growth strategies in healthcare.
47:08
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Quick takeaways
- AstraZeneca's strong financial performance in Q1 2022 was complemented by positive results in the phase three pipeline, especially in oncology.
- AstraZeneca's growth strategy focuses on showcasing growth potential till 2030 through investments in new technologies and strategic acquisitions to drive innovation in healthcare sector.
Deep dives
Strong Financial Performance
AstraZeneca reported a remarkable start to the year with a 19% increase in sales revenue. All segments of the portfolio, including oncology, cardiovascular, and rare diseases, showed strong growth. Geographically, the US and Europe grew by 19%, with emerging markets outside of China also showing significant growth. The promising financials were complemented by positive results in the phase three pipeline, particularly in oncology.
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