Chinese manufacturing is shrinking sharply as the number of COVID infections rises

BEIJING, Dec. 31 (Reuters) – China’s factory activity contracted at its strongest pace since the pandemic first broke out nearly three years ago, after Beijing abruptly reversed anti-epidemic measures this month, sparking a wave of COVID infections across the country . The official purchasing managers index (PMI) fell from 48.0 in November to 47.0 in … Read more

Exclusive drugmakers are raising the prices of at least 350 drugs in the US in January

By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the United States for more than 350 unique drugs in early January, according to data analyzed by health care research agency 3 Axis consultants. The increases … Read more