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Several pharmaceutical companies, including Merck, AstraZeneca, and Fleetcor, have made significant financial announcements. Fleetcor has reduced its full-year profit forecast. Merck has reported earnings that exceeded estimates, driven by strong demand for cancer drugs, which offset the decline in Covid-related products. AstraZeneca has raised its annual core profit outlook due to robust demand for its oncology and rare blood disorder drugs. Additionally, AstraZeneca has signed a deal for an oral weight loss drug, boosting its profit outlook. The company's strong sales of cancer treatments and demand in emerging markets have consistently improved its profit outlook for the third consecutive quarter.
