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Pfizer expects to invest another $500 million to boost its R&D productivity.December 16th - To those skeptics waiting for the engine of U.S. corporate growth to stall: the fuel is still plentiful. Thats the message from sell-side analysts. Data compiled by Jefferies shows that these analysts bottom-up price targets indicate that earnings growth for S&P 500 companies will accelerate year-over-year until the end of 2027. This implies three consecutive years of double-digit earnings growth, a rare occurrence that historically aligns with the S&P 500s above-average returns. For this forecast to materialize, both monetary policy and geopolitics need to be on the right track. Nevertheless, this forecast reflects the confidence of Wall Street researchers: despite concerns about over-concentration and overvaluation in the market, the key pillar supporting the three-year bull market—strong corporate earnings—remains solid.Pfizer (PFE.N) shares fell about 1.6% in pre-market trading.Pfizer (PFE.N) expects its adjusted R&D expenses to be between $10.5 billion and $11.5 billion in 2026.On December 16th, the National Energy Administration held its 2026 Regulatory Work Conference in Beijing. The conference emphasized adherence to laws and regulations, fairness and impartiality, and ensuring strict energy regulatory enforcement without overstepping boundaries. It called for in-depth comprehensive regulation of the power sector in 2026, continuous strengthening of regulation of natural monopoly sectors, and enhancing the standardization and authority of administrative law enforcement. The conference also stressed the importance of proactive planning and strengthening the foundation, prioritizing and taking concrete actions to ensure the safety of the energy and power system. This includes improving the energy supply and demand monitoring, early warning, consultation, and coordination mechanism, strengthening the power safety policy and regulatory system, enhancing the management and control of major power safety risks, and consolidating the foundation for power emergency response.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."


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