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Bloomberg Businessweek
Pfizer’s Second Gut Punch Shows Pitfalls of Weight-Loss Pills
Dec 1, 2023
42:33
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Pfizer's weight-loss setback warns of challenges in the obesity market. Crypto outlook for 2024 and climate funding investment discussed. Chinese car sales dominance in Mexico detailed. Market activities and uncertainty looming in November. Technology's impact and sponsor ads featured.
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Quick takeaways
- Breaking into the obesity market is challenging, as Pfizer's second weight-loss setback shows.
- Chinese automakers have dominated the Mexican car market, but competition from Western carmakers is increasing.
Deep dives
Chinese Automakers Dominate Mexican Auto Market
China's car sales in Mexico have been steadily increasing, with a 51% increase in sales in 2021. Chinese automakers have been able to meet the demand for vehicles in Mexico due to their ability to provide competitive pricing and improved quality. Chinese EV makers, such as BYD, have also entered the Mexican market, signaling a shift towards electric vehicles. However, competition from Western carmakers looking to build plants in Mexico is increasing, which could impact the dominance of Chinese automakers.
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