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 ...

Sanofi SA's (NASDAQ:SNY) Paris headquarters received an unannounced visit on Tuesday as tax investigators, accompanied by prosecutors and specialist aides, searched the site amid a widening financial probe.French prosecutors confirmed that Sanofi is the focus of a preliminary investigation launched in January 2024 into alleged "money laundering of tax fraud," including potential involvement by an organized group and possible criminal conspiracy, Le Monde reported.The company said it used a Société Générale ...