Pfizer ANNOUNCES Lyrica Results and 3 Dow Movers Driving the Market
McDonald’s Corporation’s (NYSE:MCD) total grocery bill is by around 75 percent comprised of 10 different commodities, so to estimate its commodity costs, it might be useful to employ the so-called ‘basket of goods’ approach that is typically used to calculate inflation. The total basket of goods cost is projected to rise between 3.5 and 4.5 percent in the United States and from 2.5 to 3.5 percent in Europe for the full year 2012, with less pressure likely in the second half of the year. Given no change in cost structure, a 1 percentage point rise in comparable sales for either the United States or Europe would grow the annual diluted earnings per share by about 3 cents to 4 cents. Further, McDonald’s expects that net restaurant additions should add about 2 percentage points to the current year Systemwide sales growth, most of which will be from the 872 net traditional restaurants added last year.
Don’t Miss: The Dow is NOT Lovin’ McDonald’s Right Now.
Microsoft Corporation’s (NASDAQ:MSFT) Windows 8 platform will be used in a smartphone by Nokia Corporation (NYSE:NOK), and the latter is in talks with European operators regarding the formation of exclusive partnerships to launch the device, according to The Financial Times. Operators would obtain financial investments in the success of the range, say inside sources.
Pfizer Inc. (NYSE:PFE) said that top-line results for Lyrica capsules Study A0081147 Long Term Safety and Efficacy of Pregabalin in Subjects with Generalized Anxiety Disorder indicate that drug discontinuation symptoms were low, subsequent to tapering Lyrica treatment following both three months and six months in GAD patients. The European Medicines Agency requested this study so as to evaluate the relationship between dose and duration of treatment on discontinuation symptoms, which include rebound anxiety, after long-term treatment with Lyrica in GAD patients. The firm will further analyze these top-line results. Lyrica has been approved for the treatment of GAD in adults in the European Union alone with several other regions around globally, but not yet in the United States.
AT&T, Inc. (NYSE:T) will partner with Amplify, which is the new brand and unit of News Corporation’s (NASDAQ:NWSA) Education Division. Amplify will be dedicated to reconfiguring K through 12 education by creating digital products and services that empower students, teachers and parents in novel ways. The new unit will improve the potential of students with new curricular experiences, support teachers with the use of new instructional tools and also engage parents via extended learning opportunities. Amplify and AT&T will initiate the introduction of new curriculum and platform products through pilot programs in domestic schools across the nation over the course of the 2012-2013 school year.
Don’t Miss: Apple’s Phantom iPhone Has a Ton of Buyers.
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