financetom
Business
financetom
/
Business
/
French finance minister criticises Sanofi's $20 billion USA investment decision
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
French finance minister criticises Sanofi's $20 billion USA investment decision
May 26, 2025 8:49 AM

PARIS (Reuters) -France's finance minister criticised on Thursday a decision by French drugmaker Sanofi to invest at least $20 billion in the United States through to 2030, as France aims to get more companies investing in the country rather than abroad.

"It's clear it was not something that was nice to see and it was an unpleasant announcement," finance minister Eric Lombard told BFM Business TV.

"It sends out a bad signal," he also said, adding he hoped Sanofi would continue to invest in France.

The French drugmaker, one of the world's largest vaccine makers and a leader in anti-inflammatory drugs, said on Wednesday that it planned to expand its U.S. manufacturing capacity through direct investments in Sanofi sites, and partnerships with other domestic manufacturers.

Sanofi's decision was the latest one from leading drugmakers which have been expanding their U.S. presence in response to President Donald Trump's trade policies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lemon Tree Hotels expects pre-COVID level occupancies by Q4; says consumers preferring branded hotels
Lemon Tree Hotels expects pre-COVID level occupancies by Q4; says consumers preferring branded hotels
Oct 18, 2021
In an interview to CNBC-TV18, Patanjali Keswani, chairman & managing director (CMD) of Lemon Tree Hotels, and Prashant Pitti, co-founder & director of easemytrip.com, spoke at length about leisure travel comeback amidst the festive season. Keswani expects occupancies to return to pre-COVID levels by Q4. He also said that consumers are preferring branded hotels over unbranded ones, which is creating a structural shift in the hotel space.
WazirX launches Crypto Transparency Report to build trust among stakeholders
WazirX launches Crypto Transparency Report to build trust among stakeholders
Oct 18, 2021
Initiatives like the Transparency report by WazirX can help set the bedrock for a comprehensive understanding of why India needs to support such initiatives.
Indian Hotels sees uptick in leisure travel; surge in advance bookings for Diwali, Christmas
Indian Hotels sees uptick in leisure travel; surge in advance bookings for Diwali, Christmas
Oct 18, 2021
Puneet Chhatwal, MD & CEO of Indian Hotels Company, on Monday, said that most leisure destinations are seeing revenue above the pre-COVID levels. He further said that the company is seeing a surge in advance bookings for Diwali and Christmas. Chhatwal believes Indian Hotels will go back to pre-COVID levels by Q4.
HCL Tech confident of achieving FY22 margin guidance and maintaining double-digit growth
HCL Tech confident of achieving FY22 margin guidance and maintaining double-digit growth
Oct 18, 2021
HCL Technologies Ltd reported a 4 percent year-on-year (YoY) jump in consolidated net profit at Rs 3,259 crore for the second quarter ended September 30, 2021. However slippages in products and platforms (P&P) business hit margins. In an interview with CNBC-TV18, C Vijayakumar, Chief Executive Officer, and Prateek Aggarwal, Chief Financial Officer at HCL Technologies, shared the company's business outlook. The management remains confident of achieving its guidance of 19-21 percent for the full year. The IT company also expects to maintain its growth in double-digits.
Copyright 2023-2026 - www.financetom.com All Rights Reserved