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Leading Healthcare Company Pfizer and AstraZeneca New investments totaling nearly $1 billion in France were announced on Sunday ahead of this year’s annual Choose France business summit.
Pfizer said it would invest 500 million euros ($538.5 million) in France to strengthen research and development efforts in the country, while AstraZeneca announced a $388 million investment in its Dunkirk site.
Their investment pledges come as President Emmanuel Macron prepares to launch his annual “Choose France” campaign on Monday aimed at attracting large overseas businesses and investors.
France announced earlier Sunday that Wall Street banks are adding 100 new jobs in Paris. Morgan Stanleyand investments from other companies such as German airline Lilium.
Macron wants to boost Paris’ status as Europe’s top business capital, even though it has traditionally lagged behind New York and London globally.
closely watched Z/yen survey The Global Financial Centers Ranking released in March ranked New York as the world’s top financial center, with London in second place. The survey ranked Paris in 14th place.
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