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Drugmaker Teva does not see big impact on business from Israel-Hamas war

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NS child killer Penny Boudreau and the path to eventual release | SaltWireJERUSALEM - Israel's war with Hamas is not expected to have much impact on Teva Pharmaceutical Industries' business performance, the company said on Tuesday.

"We currently don’t expect a meaningful impact on our business and/or our financial and operational performance," Teva said in an email. Israel declared war on the Palestinian militant group Hamas after gunmen on Saturday burst across the fence from Gaza in the deadliest incursion into Israeli territory since Egypt and Syria's attacks in the Yom Kippur war 50 years ago.

 

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Israel-Related Stocks Under Pressure After Hamas’ Shock Attack - BNN BloombergHamas’s surprise attack on Israel is casting a pall over the outlook of companies that get a part of their revenue from the nation, impacting shares of some global generic drugmakers, chipmakers, diamond processors and software-services providers.
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