1 Day
Source:
Sky News
Eli Lily reduces German investments by half
American company Eli Lilly has decided to cut its investments in a new manufacturing facility in Germany by 50%. The company had planned to invest $2.5 billion in the German city of Altsey. This decision came as a result of the German government's measures to reduce healthcare spending, particularly the "Contribution Rate Stabilization Plan" for mandatory health insurance. As a result, Germany's support for the pharmaceutical industry in European markets has declined.
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