Thermo Fisher Warns of Weak Demand and Inflation Risks
Thermo Fisher Scientific shares fell today after the company projected weak demand from academic and government sectors through the end of the year. Executives also warned that the conflict in Iran could create new inflationary pressures on operations.
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THERMO FISHER SCIENTIFIC INC shares fell 8% on Thursday after the life-sciences giant warned that demand from academic and government sectors in the United States and China is unlikely to recover this year. Despite raising its annual profit forecast, the company highlighted significant macroeconomic headwinds, including funding cuts and geopolitical instability.
