European healthcare drops as Trump says tariffs on sector coming soon

ReutersApr 9, 2025 7:33 AM

Shares in European healthcare companies fall after U.S. President Donald Trump said tariffs for the sector would be announced soon

Europe's benchmark STOXX 600 Healthcare index .SXDP falls 3.9%, leading sectoral losses on the broader STOXX 600 .STOXX that falls 2.8%

Among single stocks, Switzerland's Novartis NOVN.S and Roche ROG.S fall 5.4% and 5.2%, respectively

France's Sanofi SASY.PA drops 4.9%, Valneva VLS.PA is down 2.9%

Belgium's Argenx ARGX.BR and UCB UCB.BR are down between 4.5% and 5.9%

Germany's Bayer BAYGn.DE and Merck MRCG.DE fall around 3.5%

AstraZeneca AZN.L, Bavarian Nordic BAVA.CO and GSK GSK.L are down 2.2% to 4.7%

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