Friday, March 29, 2024
Homebiotech and pharmaceuticalsTeva stock jumps 14% after announcing it will cut 14,000 jobs and...

Teva stock jumps 14% after announcing it will cut 14,000 jobs and suspend its dividend

  • Teva Pharmaceutical will cut its workforce by 14,000 positions globally.
  • The company's stock jumped 14 percent in Thursday trading after the announcement.
  • Teva will also suspend its dividend on ordinary shares.

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