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Trump discovers yet another cure for COVID19!

Discussion in 'BBS Hangout: Debate & Discussion' started by Carl Herrera, Apr 23, 2020.

  1. Commodore

    Commodore Contributing Member

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  2. Os Trigonum

    Os Trigonum Contributing Member
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    "Lysol Maker Confronts Inflation, Slowing Disinfectant Sales Amid Pandemic Recovery":

    https://www.wsj.com/articles/inflat...hit-for-reckitt-11627385528?mod=hp_lista_pos3

    excerpt:

    The maker of Lysol has ridden a wave demand for its cleaning products since Covid-19 hit. Now Reckitt Benckiser Group RBGLY -8.26% PLC is grappling with a pandemic-recovery double whammy: slowing sales of disinfectants and rising cost inflation.

    Reckitt posted record sales last year, boosted by demand for its products like Dettol soap and wipes that strained its ability to keep stores stocked. But with Covid-19 vaccines being rolled out across the world and restrictions easing, the company says those trends have started to moderate in recent months.

    “We are seeing shifts in behavior,” Chief Executive Laxman Narasimhan said of demand for hygiene products. “What we did see in Q2, in the U.S. in particular, was a tail off that was higher than we thought.”

    Reckitt on Tuesday reported a 1% fall in overall like-for-like sales and warned it expects third-quarter sales growth to be lower than last year. Shares dropped as much as 9% in London.
    more at the link
     
  3. dachuda86

    dachuda86 Member

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    This was well known but the media and political establishment tied to big pharma wanted to sell other meds and swipe at Trump.
     

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