Sanofi divests of several non-prescription drugs

“Sanofi is streamlining its Consumer Healthcare portfolio in Europe and is selling 16 of its brands to Stada,” the laboratory said in a press release.

The French giant Sanofi has sold about fifteen non-prescription treatments to the German Stada, he announced on Monday, an operation characteristic of the refocusing of certain large pharmaceutical players towards more financially advantageous products.

SEE ALSO – “We are very confident”: the president of Sanofi France announces positive phase 2 results for his vaccine candidate

The group assured that the sale of these treatments would not have an effect on their availability for customers and, internally, that it would not result in staff reductions. The “general public health“Basically refers to drugs available without a prescription. Among the treatments sold by Sanofi are, for example, Mitosyl ointment and the anti-wrinkle Viscontour.

«Sanofi streamlines its Consumer Healthcare portfolio in Europe and sells 16 of its brands to Stada“, Underlined the laboratory in a press release, without giving the amount of the operation. This type of product usually generates limited profits and several large pharmaceutical groups have turned away from it, more or less drastically, in recent years.

«Portfolio simplification»

The Swiss company Novartis thus sold its stakes in the sector in 2018. He did it to the British GSK which, for its part, is expanding more and more into consumer health. As for Sanofi, non-prescription drugs represent a tenth of its revenues – a share that is declining year after year – and the group has also considered a sale a few years ago. But he did not go that far and will ultimately be content to transform this division into an autonomous entity within the group.

«Simplifying the Consumer Healthcare product portfolio is an important aspect of our strategy to focus our resources and efforts where we can deliver the most value, especially for consumers.“Assured Monday Julie Van Ongeballe, head of the sector at Sanofi, quoted in the press release.

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the VW brand will no longer sell combustion engines in Europe by 2035

The German group, under pressure from increasingly stringent anti-pollution standards, is continuing its transition to electric vehicles. He leaves himself more time in other markets, in China in particular.

The VW brand of the German group Volkswagen wants to stop selling cars with combustion engines in Europe between 2033 and 2035 to switch to electric vehicles, giving itself more time in other markets, notably China.

Under the pressure of increasingly stringent anti-pollution standards, global automakers are setting their own combustion engine release schedules one after another. For its part, the VW brand had already announced at the beginning of the year to reach by 2030 an electric share in its European sales of 70%. The whole group has planned to invest 46 billion euros in five years in its electric shift.

«We will make our entire fleet CO2 neutral by 2050 at the latestVW Sales Director Klaus Zellmer said in an interview with the Bavarian daily Münchner Merkur published on Sunday. “In Europe, we will be leaving the combustion engine vehicle market between 2033 and 2035».

To see also – Jaguar: the car brand will become 100% electric from 2025

All electric for later in the United States and China

This exit will take place “a little later in the United States and China. In South America and Africa, due to the lack of political framework conditions and infrastructure, it will take a little longer“, he added. “As a mass manufacturer, VW has to adapt to the different speeds of transformation in different regions. Our competitors who sell vehicles mainly in Europe, for example, will certainly face a much less complex transformation (…)“, Explains Klaus Zellmer to explain this less ambitious schedule than other manufacturers.

The high-end brand Audi, also a subsidiary of the Volkswagen group, announced last week that it wanted to stop producing vehicles equipped with combustion engines by 2033, with a possible exception in China.

On July 14, the European Union will unveil reinforced objectives for reducing CO2 emissions by 2030, as well as regulatory proposals, which will force many manufacturers to accelerate the reduction of their emissions and their transition to electricity.

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Fedex still driven by the boom in online commerce, labor costs weigh heavily

The group’s turnover jumped 30% to $ 22.6 billion over the three months from March to May compared to the same period in 2020.

Fedex on Thursday unveiled better than expected results, the American letter and parcel transport group continuing to benefit from the surge in online commerce despite rising wage costs.

Boosted by the many orders from Internet users who used to shop online during the pandemic, the group’s turnover jumped 30% to $ 22.6 billion over the three months from March to May compared to the same period in 2020. Fedex, which had lost $ 334 million a year earlier, posted a net profit of $ 1.87 billion. Reported per share and excluding exceptional items, the benchmark on Wall Street, its profit was $ 5.01, against $ 4.99 expected by analysts.

The increase in operating profit “Is mainly due to the growth in volumes as well as the disciplined management of revenues and the portfolio”, the group said in a statement. “These factors were partially offset by costs spent to support strong demand, increased variable compensation costs and higher labor rates.”, is it added. Express service revenues more than doubled year on year, “Driven by the exceptional growth of international exports and parcel transport services in the United States”, remarque Fedex.

Transport activities at low cost increased by 27% to reach an unprecedented level, supported by shipments between companies and a price increase of 14%. Revenue from freight services also hit a record high. For the whole of its fiscal year ending at the end of May, Fedex saw its turnover increase by 21% to 84 billion dollars and its net profit quadruple to 5.23 billion.

Forecasts that exceed Fedex expectations

The group’s forecasts also exceeded expectations: Fedex expects adjusted earnings per share of between 20.50 and 21.50 dollars, where analysts had expected 20.48 dollars. This did not seem to be enough for investors on Wall Street, where the title fell 4.2% in electronic trading following the close of the exchange.

The company plans to invest $ 7.2 billion in the current fiscal year, in particular to accelerate the expansion of its capacity, modernize its warehouses and trucks, and increase the automation of certain tasks.

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a Ryanair plane takes off leaving around fifty passengers at the airport

However, arriving in time for check-in at Toulouse-Blagnac airport, passengers were refused access to the already closed boarding.

Bad surprise for the passengers of the Ryanair flight from Toulouse to Fez (Morocco) on Saturday, June 19 in the morning. Arrived on time at check-in and in possession of their boarding pass, they were unable to board the boarding gate as the boarding gate was already closed when they arrived.

« The flight was supposed to take off at 7:25 a.m. and when we passed through the departure lounge at 7:10 a.m. after two hours of waiting at check-in, we were told that the plane had already left », Tells a traveler to La Dépêche. This person had arrived from Brive-la-Gaillarde at 5 am. “I am with my mother who is in a wheelchair and we are only told to go home. And it wasn’t even Ryanair who answered us. There is no one from the company here. They are only subcontractors».

However, despite the explanations given to these passengers and according to the flight tracker available on flightstats.com, the plane would not have left early … but an hour late. It can be assumed that the company would therefore have refused access to the last registered passengers in order to avoid further delay.

No explanation

The company does not have a passenger counter at Toulouse airport. She only informed the ground handling manager a few hours later that compensation would be offered to passengers left behind, without however offering them an alternative flight that would allow them to reach their destination. Contacted on several occasions, the Irish company remains silent on the event. Toulouse-Blagnac airport does not provide an explanation either.

SEE ALSO – United States: passenger tries to open the door of a mid-air plane

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Green light from Europe for return of American tourists, even unvaccinated

Albania, Lebanon, North Macedonia, Serbia, Taiwan, Hong Kong and Macao have also been added to this list.

The ambassadors of the Twenty-Seven gave the green light on Wednesday to add the United States to the list of countries and territories whose travelers, even not vaccinated against Covid-19, can be admitted to the EU, said from European sources to AFP.

In addition to the United States, Albania, Lebanon, North Macedonia, Serbia, Taiwan, Hong Kong and Macao have been added to this list which until then included eight countries (Japan, Australia, Israel, New Zealand, Rwanda, Singapore, South Korea and Thailand).

This does not prevent travelers from these countries or territories from being subjected by the States of destination to measures such as tests, or even a quarantine. The EU also decided in May to allow vaccinated travelers from third countries.

Due to the pandemic, the EU closed its external borders in March 2020 for non-essential travel, and for the past year has established a regularly updated shortlist of third countries whose residents are allowed to travel to Europe.

SEE ALSO – Covid-19: foreign tourists make a very shy return to the capital

«Resumption of trips in a sustainable and secure manner»

To draw up their list, the Europeans are based in particular on the epidemiological situation of the country and the progress of its vaccination campaign, the number of tests carried out as well as on the reliability of the data. Countries can be included if they have recorded less than 75 cases of Covid per 100,000 inhabitants in the last 14 days.

In the United States that rate is 73.9, according to figures from the European Center for Disease Control and Prevention (ECDC). Brussels is also in discussions with the United States for mutual recognition of health certificates or proof of this vaccination.

The United States and the EU have decided to set up a working group to enable “resuming travel in a sustainable and secure mannerBetween the two blocs, at the end of an EU-US summit on Tuesday in Brussels, the first meeting of this type since 2017. European Commissioner for the Internal Market Thierry Breton had indicated on June 7 that the EU was demanding from the States -United reciprocity in terms of welcoming European tourists.

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The ECB played it safe, says Columbia Threadneedle Investments

(AOF) – No big surprises at today’s meeting, as the market wasn’t really expecting a reduction in Pandemic Emergency Purchase Program (PEPP) purchases like a few weeks ago, “comments Adrian Hilton, Head of Global Rates and Currencies and Emerging Debt at Columbia Threadneedle Investments.

“But Ms. Lagarde seemed to describe a Board of Governors which only very cautiously increases its optimism on the European economic outlook,” continues the professional.

According to him, by modifying GDP growth and inflation projections slightly upwards for 2021 and 2022, but leaving the outlook for 2023 unchanged, the ECB has indicated that it does not yet see the foundations for a recovery. sustained long-term growth, especially if the labor market remains very sluggish.

“We know the central bank is sensitive to a potential tightening of funding conditions through higher market rates. It is possible that the rise in bund yields last month, when 10-year bonds briefly threatened to trade with a positive return, put the nerves of the ECB in turmoil and make it cautious about a premature withdrawal of political support “, concludes Adrian Hilton.

2021 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from sources it considers the most reliable. However, the reader remains solely responsible for their interpretation and for the use of the information made available to him. Thus the reader must hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group

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Alstom wins a contract of around 1 billion euros for trains in Mexico

The railway manufacturer will have to supply 42 trains as well as the entire signaling, communication and traffic management system for the new line.

A consortium led by Alstom won a contract worth around 1.3 billion euros, of which “nearly a billion“For the French railway manufacturer, in order to supply the rolling stock and the signaling of the”Maya Trend», A new rail link in Yucatan, Mexico.

Concretely, it is a consortium comprising an association of Alstom and Bombardier Transport which was selected at the end of May by the National Fund for the Promotion of Tourism (Fonatur), but the first bought the second at the end of January. Alstom is associated in the adventure with local groups Gami Ingeniería e instalaciones and Construcciones Urales, he said in a statement on Wednesday. Alstom must in particular supply 42 trains derived from its X’Trapolis range, adapted to local conditions. They will exist in three types: “standard and comfortable», More luxurious with dining car and night trains.

First delivery in June 2023

«The design of the three types of trains -Xiinbal, Janal and P’tal- is exclusive to Mexico and inspired by the Mayan culture, where the lines, the speed and the beauty of the majestic jaguar were elements of inspiration for the train.», Commented Maite Ramos, Managing Director of Alstom Mexico. “Manufacturing of Tren Maya will begin immediately, with Mexican labor, after signing of the contract.“, She added, quoted in the press release. The trainsets will be assembled in the former Bombardier factory in Ciudad Sahagún, in central Mexico. The delivery of the first is promised in June 2023, according to a spokesperson.

Alstom must also supply the entire signaling, communication and traffic management system of the Tren Maya, a 1,525 km line on which the Mexican authorities are counting to develop tourism in the Yucatan peninsula. The consortium is also responsible for building the workshops and servicing system equipment, according to the group.

SEE ALSO – Alstom-Bombardier: Should the EU authorize the merger?

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Airbus takes first long-haul order of the year

The aircraft manufacturer continues to fill its order book, which includes nearly 7,000 aircraft.

Hard hit by the health crisis, which ground planes for months and weakened its customers, Airbus is finding its colors. Until now, it has mainly accumulated medium-haul orders. On Monday, it obtained an order from Lufthansa for five wide-bodied A350s, the firsts of the year for a long-haul aircraft, the segment most durably affected by the crisis.

In total, the group has recorded seven orders for commercial aircraft since the start of the week. The other two orders are for A 320s for the Mexican low-cost company Volaris. Since January, the aircraft manufacturer has obtained 94 orders. In May, it shipped 50 devices, twice as many as in the same month in 2020, when the world was under wraps. This figure remains far from the 81 planes delivered two years ago. Deliveries are a relatively reliable indicator of future profitability in aeronautics. Customers pay most of the bill at the time

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a restart after the crisis

Less affected by the crisis than the rest of the automotive sector, luxury is recovering quickly thanks to the postponement of purchases by its niche customers.

Lamborghinis at 200,000 euros which are snapped up, orders “record»At Ferrari, Rolls which is launching a car with yacht lines at an astronomical price … Luxury cars quickly recovered from the crisis caused by the Covid-19. With their confidential production and their wealthy clientele, “these brands generally come out of crises unscathed, but here they have posted double-digit sales declines», Explains Felipe Munoz, expert for the firm Jato Dynamics.

Wealthy buyers postponed their purchases

However, the situation improved significantly from the last quarter of 2020. “It wasn’t about the money, it was just that the buyers were stuck in their homes. They postponed their purchases», Emphasizes Felipe Munoz. Luxury brands have thus withstood the shocks of 2020 better than most generalist brands. “Luxury continues to live with very specific codes and clientele», Explains Guillaume Crunelle of the Deloitte firm. “We are on behaviors more linked to personal situations, to the evolution of heritage, than to market trends».

«There is a lot of money ready to be spent“Rolls-Royce boss Torsten Muller-Otvos said in an interview with AFP. “I was impressed by the number of clients who told us that with the Covid, they understood that they could die tomorrow and that now is the time to enjoy life.».

All of these luxury brands sell a lot in Europe and North America, but mostly saw their sales accelerate in China. “It is the first area of ​​wealth accumulation in the world, and the car continues to be an extremely strong social discriminator.», Explains Guillaume Crunelle. “In China, the economy has not been paralyzed for months like in the rest of the world», Emphasizes Felipe Munoz. “With more and more millionaires and billionaires every year, this trend is expected to continue».

Brands find new life

Rolls-Royce presented on Thursday a very exclusive model whose rear evokes the lines of a yacht. Only three units have so far been designed. “We never talk about prices in agreements with our customers“, Underlines the boss of Rolls-Royce. “But rumors that (the previous similar model) Sweptail cost $ 13 million were pretty close to the truth.“, knowing that “the Boat Tail is much more refined».

At Lamborghini, the huge Urus SUV (around 200,000 euros) has exploded sales since its launch in 2018: 7,430 cars were sold worldwide in 2020, the Volkswagen group brand improving its 2019 record.

Ferrari had seen its sales fall by 10% in 2020, with 9,199 cars sold, due to a temporary shutdown of its factories, and postponed some investments because of the crisis. But the horse reared up again in early 2021, with sales driven by the SF90 Stradale, its first plug-in hybrid sports car, sold for just under 450,000 euros, and the Monza, its two-seater without a windshield estimated at 1.7. million euros. Ferrari now has a “order book at a record level“, Indicated its management at the beginning of May. The last luxury brand not to offer an SUV, it hopes to pass the 10,000 sales mark with its “ThoroughbredPlanned for 2022.

Equally affected in 2020, McLaren is counting on its hybrid supercar, the Artura (230,000 euros) to revive itself. Aston Martin, saved from bankruptcy in early 2020, saw sales pick up in the first quarter of 2021 with its DBX SUV.

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Vivendi boss chosen by Bolloré to sit at Lagardère

Arnaud de Puyfontaine will represent the media giant on Lagardère’s board of directors, despite competition from the two groups in publishing.

The chairman of the board of Vivendi Arnaud de Puyfontaine was chosen to represent the media giant on the board of directors of Lagardère, despite competition from the two groups in publishing, according to information from Letter A confirmed by the AFP.

Arnaud de Puyfontaine is Chairman of Edit, the Vivendi subsidiary which competes directly with Hachette, the third largest publisher in the world and owned by Lagardère. This decision will be official Friday on the occasion of the publication of the resolutions proposed to the general meeting of June 30, during which the shareholders of Lagardère must approve the transformation of the group into a public limited company. The terms of this project presented at the end of April provide for “Restrict participation in certain deliberations to directors appointed by certain shareholders as long as these shareholders control an activity that competes with those of the group.”

According to AFP information, the Competition Authority will carefully study the possible concentration caused by the change of status at Lagardère, Hachette’s parent company, of a network of shops in stations and airports, but also of ‘Europe 1, from JDD and of Paris Match.

Several nominations to come

Vivendi, Lagardère’s largest shareholder with 27% of the shares, must also appoint two independent directors. For his part, Arnaud Lagardère, who will lose absolute control over the company inherited from his father, will sit for 6 years as the new CEO of the group and can propose two independents, without knowing whether one of these places could be occupied by Nicolas Sarkozy, currently on the supervisory board.

According to press information, Arnaud Lagardère also intends to propose a faithful among the faithful, the current secretary general of the group and future deputy managing director Pierre Leroy, recently CEO of Hachette, as censor (which offers a permanent seat without possibility to participate in council votes). The Amber Capital fund and the Qatar sovereign wealth fund must each propose a representative, while Bernard Arnault, also a shareholder, will propose an independent director.

The Vivendi group, which is now busy distributing 60% of its Universal Music Group (UMG) nugget to its shareholders (including Vincent Bolloré for 27.39%), subsequently intends to develop around the media (Canal + groups, Havas, Gameloft, Prisma) and publishing.

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