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Philips lifts profit outlook on tariff mitigation as Stellantis flags $1.7
billion hit from levies
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Shares of health device maker Phillips rallied as much as 14% on Tuesday as
the company lifted its earnings guidance despite a hefty hit from tariffs.
4 minutes ago
"We believe there is momentum behind the idea of a balanced approach to a significant agreement," spokesman Jay Carney told reporters with time running short before an August 2 deadline to raise the $14.3 trillion US debt ceiling.
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