Pfizer Stock Surges on Trump Deal & Obesity Drug Drama – Is a Comeback Coming?
Company Background & Significance Founded in 1849, Pfizer Inc. has grown into a pillar of the pharmaceutical industry, known for landmark drugs and vaccines. From breakthrough treatments like Lipitor (cholesterol) and Viagra (ED), to its 2020 partnership with BioNTech delivering the first approved COVID-19 vaccine, Pfizer’s innovations have had global impact. Today the company employs about 81,000 people worldwide and operates 35+ manufacturing sites xtalks.com. It was the world’s top drugmaker by sales during the pandemic boom (record revenue of $100 billion in 2022), and even with post-COVID declines Pfizer is expected to generate ~$62 billion in revenue in 2025