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Sanofi Beats the Expectation as Dupixent Sales Surge 43%

Sanofi raised its full-year earnings forecast due to continued forecast-beating sales growth for its bestselling drug Dupixent.

Sanofi said in a statement on Thursday that it now expects adjusted earnings per share to increase by about 15% in 2022, excluding the impact of currency fluctuations. Previously, it had projected low double-digit percentage growth.

Sanofi's second-quarter business operating income, or adjusted earnings before interest & tax, soared 21.5% to 2.75 billion euros ($2.81 billion), exceeding the average analyst estimates of 2.66 billion euros.

Sanofi shares (NASDAQ: SNY) traded 1.13% higher on Wednesday’s trading hours to price at $50.92 per share.


Masayoshi Amamiya, Deputy Governor of the Bank of Japan (BOJ), stressed the importance of keeping monetary policy ultra-loose due to uncertainty about whether wages will rise sufficiently to compensate households for higher living costs. While household spending is improving, wages must rise faster than inflation in order for consumption to continue rising and for Japan's economy to recover from a pandemic-induced slump, as said by Amamiya in a speech.

The Philippine central bank is prepared to use the "full force of available measures" and take all necessary monetary policy actions to combat inflation, its governor said on Thursday, following a 75-basis-point rate hike by the U.S. Federal Reserve. According to central bank Governor Felipe Medalla, the Philippines' robust economic prospects continue to allow for further monetary policy tightening measures.


The U.S. dollar edged lower on Thursday morning to three-week lows against the yen after Federal Reserve Chair Jerome Powell assuaged investors' concerns about continued aggressive monetary tightening, raising its benchmark interest rate by 75 basis points. The U.S. Dollar Index, which tracks the greenback against other major currencies, fell 0.18% to 106.138.


The bullion was up on Thursday morning as comments from U.S. Federal Reserve Chair Jerome Powell on future interest rate hikes were less hawkish than expected. Gold futures traded 1.20% higher to $1,739 an ounce. The dollar, which usually moves opposite to gold, fell slightly on Thursday morning.


Oil was higher in Thursday’s early hours, supported by lower crude inventories and a rebound in gasoline demand in the United States. Brent crude futures jumped by 1.53% to $103.28 per barrel, while WTI crude barrels escalated by 1.76% to $98.97 a barrel.


USA: S&P500 +2.62%, Dow Jones Industrial Average +1.37%, Nasdaq Composite +4.26%

Europe: FTSE 100 +0.27%, DAX +0.34%, CAC 40 +0.75%

Asia: Nikkei 225 +0.36%, Hang Seng -0.15%, CSI 300 +0.02%, Nifty 50 +1.57%


Dubai Airport Expects Travel Surge, Hikes Annual Forecast

The operator of Dubai International Airport said on Wednesday that over 14 million passengers passed through the airport in the second quarter, raising its forecast for the year to 62.4 million. The number of passengers increased for the seventh consecutive quarter as demand for international travel rises as pandemic restrictions around the world loosen.

According to a statement from Dubai Airports, the airport in Dubai processed 14.2 million passengers from April to June, more than tripling the 4.9 million that passed through security during the same period last year.

Jewelry Maker Pandora Goes Big on Lab Diamonds

Pandora, the globe’s largest jewelry manufacturer, announced on Tuesday that it shall proceed with its bet on lab-created diamonds, following its statement last year to stop selling mined diamonds.

In an effort to attract younger customers with less expensive, more sustainable stones that are guaranteed not to have come from war zones, the Copenhagen-based jewelry giant will introduce a collection which utilizes unmined diamonds in North America this month.

Following a smaller experimental launch in Britain last year, 269 locations are now open across the United States, Canada, and via the web.

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