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Bristol Myers Squibb signals $2B in planned cost cuts

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Bristol Myers Squibb is cutting costs to the tune of $2 billion.

The pharmaceutical company is planning the expanded series of cuts by the end of 2027. The original goal was $1.5 billion in cuts.

Bristol Myers Squibb also issued full-year 2025 guidance on revenue of roughly $45.5 billion. Analysts were expecting $47.36 billion.

Read more from CNBC.

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