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Letter: Big pharma and big oil ‘need’ high profits?

Pharmaceutical (drug) companies and oil companies are doing quite well.

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To the Editor:

While Americans deal with the pain of inflation and high prices at the grocery store and gas pump, we can take solace that two sectors are doing extremely well. Pharmaceutical (drug) companies and oil companies are doing quite well. They both earned profits twice that of the average U.S. industry.

Fact check as you’re watching advertising explaining why they need to have two times average profits.

Ed Olson


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