Hi, today we are going to talk about Pfizer and its current landscape.
Pfizer is poised to receive increasing attention from the market as relevant events are taking place. The American multinational pharmaceutical has unveiled that is raising its quarterly dividend from $0.36 to $0.38 per share, a 6% surge that combined with the FDA approval of its new prostate cancer drug can help Pfizer change its currently bad momentum. However, the Lower Drug Costs Now Act can hit the company if it becomes law, despite the lack of support from the Trump administration and Senate, an eventual approval would throw a bearish sentiment over the sector.
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