ROUNDUP/Covid drugs not in demand: Pfizer lowers annual forecast

NEW YORK - The collapsed demand for Covid drugs is significantly slowing down the business of the U.S. pharmaceutical company Pfizer. The industry giant on Friday cut its forecast for sales in the current year to 58 to 61 billion dollars (55.2 to 58 billion euros). Previously, proceeds of 67 to 70 billion dollars were expected. The decline was due solely to Corona drugs, it said. For earnings per share adjusted for special items, the company is now targeting $1.45 to $1.65, instead of the $3.25 to $3.45 previously targeted.

US financial investor KKR makes binding offer for Tim fixed network

ROME - U.S. financial investor KKR has made a binding bid for the fixed network of Italian telecom group Tim (Telecom Italia). Telecom Italia has received an offer for its fixed line division, the telco announced Monday. It also said the financial investor had submitted a non-binding bid for Tim's cable division Sparkle.

TAG real estate board members also become company bosses

HAMBURG - The supervisory board of TAG Immobilien is making both members of its management board joint company chiefs. "Claudia Hoyer and Martin Thiel have already made key strategic decisions together in the past, such as TAG's market entry in Poland," the MDax group announced in Hamburg on Monday. In this respect, the respective appointments as co-chief executives are "consistent". Hoyer has so far been responsible for operations, Thiel is chief financial officer. In addition, the contract with Thiel will be extended by a further five years until the end of March 2029, the statement added. Hoyer's contract runs until the end of June 2027, it added.

US pharmacy chain Rite-Aid files for insolvency

NEW JERSEY - Major U.S. pharmacy chain Rite-Aid is seeking to reorganize under pressure from hundreds of lawsuits in a bankruptcy proceeding. The allegation in the lawsuits is that Rite-Aid cashed illegal prescriptions for painkiller drugs in numerous cases.

Daimler truck board member complains of lack of charging infrastructure

STUTTGART - Major truck manufacturers say the lack of charging infrastructure in Europe is putting climate targets at risk. By 2030, 45,000 charging points are needed to enable the targeted pace of the ramp-up of electric mobility in commercial vehicles, Daimler Truck board member Karin Radstrom told Automobilwoche. "Even if we were to increase our commitment, a big gap remains."

Banker Olearius maintains his innocence in Cum-Ex trial

BONN - Hamburg banker Christian Olearius has protested his innocence in the Cum-Ex trial against him. "I have neither knowingly nor willingly participated in criminal Cum-Ex transactions," said the 81-year-old on Monday before the Bonn Regional Court. He had rather assumed legal share purchase contracts. "Damage to the state was far from my mind."

Facebook group tightens control of content after Hamas attack

MENLO PARK - Facebook Group Meta is taking additional measures against the spread of illegal and misleading content online following the attack on Israel by Islamist Hamas. In the first three days alone after last Saturday's attack, 795,000 posts in Arabic and Hebrew were removed or marked as deleting, Meta announced Friday. During that time, it said, seven times more posts were deleted daily in those languages than the average for the previous two months.

One year after the death of the company's founder: Red Bull wants to grow further

FUSCHL AM SEE - Beverage maker Red Bull still sees plenty of room for big growth. "The potential is unbelievable," Volker Viechtbauer, advisor to company heir Mark Mateschitz, tells the Deutsche Presse-Agentur. In Austria, the company's home market, per capita consumption of the energy drink is statistically 35 cans per year, while in the U.S. it's only about 13. "If we do everything right, we can still significantly increase sales in the next 15 years," Viechtbauer said.

ROUNDUP/New demand for families: More money, better conditions

BERLIN - The German government wants to support families more than before in building their own climate-friendly homes. The conditions for low-interest loans through the "Home Ownership for Families" program will be significantly improved, the Construction Ministry announced on Monday. "This will enable even more families to access the demand program," it said. The new conditions will apply directly from Monday.

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Further messages

-Comparison portals: Network fees for gas fall slightly

-Savings bank chief advises long-term investments instead of overnight money

-Media: Guardiola wanted to talk Bellingham out of a move to Real

-TV ratings: Nagelsmann debut ahead of Wilsberg thriller

-Two investors interested in Romertopf after insolvency

-Mozilla chief: Don't let AI be controlled only by tech giants

-Kohlrabi and car tax: ideas for less food waste

-Media: Qatar sheikh withdraws offer to buy Man United

-Federal Medical Association: pharmacies are not 'doctors' surgeries to go'

-Otto with sales down in first half - Confidence for full year

-Pistorius informs himself about location for Arrow missile defense system

-First woman to head Austria's APA news agency

-Ex-Bank of China executive arrested on corruption charges

-Another Bundeswehr plane with passengers from Israel in Germany

-RBB checks all properties for sales - also Berlin high-rise building

-West coast line officially put into operation

-In case of lousy Internet: Consumer advocates call for 15-euro reduction

-TV ratings: 8.56 million watch Vienna 'Tatort'

-Talks about Ford takeover in Saarlouis continue

-Clemens Hoges leaves 'Spiegel' editorial department

-Chief of U.S. banking regulator: AI software could lead to financial crisis

-Number of pirate attacks up so far in 2023

-Condor jet struck by lightning°.

Customer Notice:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

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