August 7, 2026 09:13 AM GMT Animal Health | North America Claws are Out – Price Action? Key Takeaways Key Debates (1) Is this Full-Scale "Price Competition"?: ZTS' 2Q print (note link here) confirmed it will be more aggressive on price (in the form of 'gross-to-net' adjustments), including rebates, promotions, bundling and point-of-sale discounts to pet owners, in response to a more competitive Companion Animal backdrop. While ZTS will absorb the brunt of the margin impact (see Exhibit 1 ), these actions co ...