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CTV News
9 minutes ago
- CTV News
Pfizer raises annual profit forecast
The Pfizer logo is displayed at the company's headquarters in New York. (AP Photo/Mark Lennihan, File) U.S. drugmaker Pfizer raised its full-year profit forecast on Tuesday after reporting better-than-expected results for the second quarter, boosted by strong demand for its heart disease drug, Vyndaqel, and blood thinner, Eliquis. The drugmaker now expects to earn US$2.90 to $3.10 per share on an adjusted basis in 2025, compared with its previous expectations of $2.80 to $3.00 per share. Shares of the drugmaker rose 2.4 per cent in premarket hours. Pfizer said the new forecast includes an impact of 20 cents per share related to its recent licensing deal with China's 3SBio for experimental cancer treatment. Pfizer's results come at a time when the pharmaceutical industry is under pressure from U.S. President Donald Trump's administration to lower drug prices and is gearing up for 15 per cent tariffs on imports from the European Union. The drugmaker has said it had enough manufacturing capacity across its 10 sites in the United States to mitigate any impact from tariffs and is open to shifting some production to these existing facilities. Investors are also closely monitoring potential disruptions to Pfizer and other companies' vaccine portfolio from policy changes under U.S. Secretary of Health and Human Services, Robert F. Kennedy Jr., a known vaccine skeptic. Vaccines account for about 20 per cent of Pfizer's revenues. On an adjusted basis, Pfizer earned 78 cents per share in the second quarter, compared with analysts' expectations of 58 cents per share, according to LSEG data. (Reporting by Bhanvi Satija in Bengaluru and Michael Erman in New York; Editing by Anil D'Silva)
National Post
9 minutes ago
- National Post
Canopy Growth Expands Global Medical Portfolio with Launch of 7ACRES in Australia
Article content SMITHS FALLS, Ontario — Canopy Growth Corporation ('Canopy Growth' or the 'Company') (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, has introduced its Canadian-grown 7ACRES brand in Australia, expanding the Company's medical cannabis offering with two high-THC sativa strains: Ultra Jack and Jack Frost. Article content Ultra Jack, a cross of Ultra Sour and Jack Haze, is one of 7ACRES' top performing flower strains in the Canadian medical and adult-use cannabis markets. Jack Frost, a cross of White Widow and Cold Creek Kush, adds further genetic depth to the lineup. Both strains are initially available in 10g flower formats. Article content 'Adding 7ACRES to our Australian portfolio helps ensure patients and prescribers have access to a diverse range of high-quality flower options,' said Andrew Bevan, SVP, Global Medical. 'With recent improvements to our global supply chain, we're positioned to deliver these strains with consistent quality and reliable access to patients in Australia.' Article content 'Global medical is one of Canopy Growth's largest commercial opportunities,' said Luc Mongeau, Chief Executive Officer. 'Our ability to scale high-quality production in Canada and reliably supply international markets remains a key strength as we expand our global medical platform.' Article content The introduction of 7ACRES complements Canopy Growth's existing presence in Australia, which includes Tweed flower products as well as Spectrum Therapeutics oils available in Red, Yellow, White, and Blue formulations. Together, this expanded medical portfolio reflects Canopy Growth's focus on building a scalable medical platform across international markets. Article content About Canopy Growth Article content Canopy Growth is a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives. Article content Through an unwavering commitment to consumers, Canopy Growth delivers innovative products from owned and licensed brands including Tweed, 7ACRES, DOJA, Deep Space, and Claybourne, as well as category defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada, Europe and Australia. Article content Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA, LLC ('Canopy USA'). Canopy USA's portfolio includes ownership of Acreage Holdings, Inc., a vertically integrated multi‑state cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Wellness, LLC, The Cima Group, LLC, and Mountain High Products, LLC, a leading North American edibles brand, and majority ownership of Lemurian, Inc., a California-based producer of high-quality cannabis extracts and clean vape technology. Article content At Canopy Growth, we're shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where we live and work, we're paving the way for a better understanding of all that cannabis can offer. Article content Article content Article content Article content Contacts Article content
CBC
10 minutes ago
- CBC
'Making history:' Women's tackle football expands in northern Ontario, with new teams in Sudbury and North Bay
As Gia Rocca attempts to make a play on the football field at Sudbury's James Jerome Sports Complex, her female teammates cheer her on. It's a new feeling for the 15-year-old quarterback to be playing with other women football players. Until this year, Rocca's only played against boys, but she now plays for the Sudbury Spartans women's tackle team, after the organization added an Under 16 and an Under 19 team to its football program this spring. "It's been awesome. The girls are so awesome and the coaching staff, they're always willing to help us," said Rocca. Rocca started playing tackle football in Grade 8 when she joined the local Joe MacDonald youth league. Although the league is co-ed, Rocca was only one of two girls on her team. "A lot of girls want to play and they've been looking for an opportunity to play," said Rocca. "But…it's really hard to play on the boys football teams for school, and it's scary to try to do that because it's really intimidating." Tackle football has been a staple in Sudbury for decades, with the men's Sudbury Spartans having teams since the 1950s. Over the last few years, there's been a quiet, steady growth of women's tackle football in northern Ontario emerging from the shadows. The sport is becoming increasingly popular amongst high school girls looking to try something new. Sudbury's St. Benedict's Catholic Secondary School started a women's tackle football team in 2021, the only program of its kind in the city, while other schools continue to have girls flag football. "High schools had 478 girls playing flag football on 25 teams in Sudbury in the fall. So there's girls that want to play football, and they want to play tackle," said Gord Goddard, who's been coaching the men's Spartans for over 30 years and now coaches the women. It's been a historic summer for women's tackle football in northern Ontario 3 hours ago Recognizing the sport's popularity, the Spartans organization created the U16 and U19 women's teams this year, in partnership with the Ontario Women's Football League (OWFL), with over 50 girls between the ages of 12 and 19 suiting up for the Spartans in the inaugural season. "It was time to have it. It was time to do it," said Goddard. Goddard said the OWFL currently plays in a 6 vs. 6 format, but is looking to expand to a 9 vs. 9 and then eventually the standard 12 vs. 12 format the men's league and Canadian Football League play. The Spartans weren't the only new team joining the league. The North Bay Bulldogs also added a U19 team this year after seeing demand rise in that city. "We're kind of like, paving the way for future generations to be able to play this," said 17-year-old Caileigh Ryan. "We're making history. Girls tackle football is becoming a lot bigger and I'm happy that it's come to Sudbury too." Along with playing for the Spartans, Ryan also suits up for the St. Benedict's high school team and the Team Ontario provincial women's tackle team. She said it's been great to watch the sport expand into northern Ontario and have a lot of fans supporting the girls. "Really grateful that people actually want to come watch girls tackle. It means a lot actually to have that support," said Ryan. Fans had a lot to cheer about when watching the women's Spartans play. In the first season, the U16 women's team made it to the league's semi-finals, while the U19's went all the way to win the Tier II Championship title in July. 15-year-old Robin Price is from Sault Ste. Marie and played on the Korah Collegiate junior boys tackle team last year before also joining Team Ontario. She moved mid-school year to Sudbury to play for the Spartans, being billeted by a local family to have the chance to play girls tackle, since her city doesn't have a team. "I think it's really good for developing more football in the north, because mainly football is down south for females especially, so now North Bay and Sudbury having a team is helpful," said Price. "It would be nice if the Soo had a team though."
