Sanofi Stock Drops After Confirming Raid, Tax Fraud Investigation

BREAKING: Stocks Rise, Extending Rebound Sanofi (SNY) stock dropped Wednesday after French authorities raided the drugmaker's Paris headquarters as part of a tax fraud investigation. The pharma giant, whose biggest product is anti-inflammatory drug Dupixent, confirmed that the investigation is related to a financing arrangement offered by Societe Generale SA, dating back 10 years ago. The mechanism is now under investigation by the French National Financial Prosecutor's Office. Officials visited the company ...