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Philips Q1 Loss Widens, Backs FY24 View, Settles Respironics Litigation; Stock Surges

Shares of Philips Electronics NV surged around 47 percent in the morning trading in Amsterdam as well as around 44 percent in the pre-market activity on the NYSE after the Dutch consumer electronics giant announced Monday that Philips Respironics will pay a total of $1.
Noord Holland Philips Respironics Roy Jakobs Diane Welsh Philips Electronics Royal Philips

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