China, US to cooperate on fentanyl, Beijing hopes for ‘positive energy’

BEIJING (Reuters) -The U.S. and China launched a joint counter-narcotics working group on Tuesday in the first overt sign of cooperation in tackling the spread of fentanyl since late 2019, before bilateral relations between the superpowers soured. It follows a key summit in San Francisco in November where U.S. President Joe Biden and Chinese leader…

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Pfizer posts surprise 4th quarter profit, but key products miss on sales

By Michael Erman and Bhanvi Satija (Reuters) -Pfizer reported a surprise quarterly profit on Tuesday, helped by cost cuts and higher-than-expected demand for its COVID treatment Paxlovid, but sales of some high profile products fell short of Wall Street estimates. Pfizer shares were off around 1% in afternoon trading. Investors fled Pfizer last year as…

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