AbbVie Inc (ABBV)

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AbbVie Inc (ABBV) Profile

AbbVie Inc (ABBV.xnys) is a biopharmaceutical company headquartered in North Chicago, Illinois, America. AbbVie, after the separation from Abbott Laboratories, started operating as a research-based pharmaceutical manufacturer to allow markets to value the two businesses separately. The company is committed to product development in the cystic fibrosis disease area and plans to reduce emissions by 25 per cent by 2025. Abbvie employs 47,000 people in 170 countries across the globe. AbbVie Inc stock (ABBV.xnys) is listed on the New York Stock Exchange (NYSE) and had a $45.80B (USD) market capitalisation as of January 2022. The company announced the acquisition of Soliton Inc at the beginning of 2022 in order to include a proven treatment for the appearance of cellulite. AbbVie has also got approval from the Food and Drug Administration (FDA) for the RINVOQ medicine to treat adults with active psoriatic arthritis and the VUITY medicine, which is the first and only eye drop to treat presbyopia. The second one is a common and progressive eye condition that affects 128M Americans, and its treatment is now available by prescription in pharmacies nationwide.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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