US drugmakers rise as Trump announces 90-day pause on reciprocal tariffs

Shares of some U.S. drugmakers rise after U.S. President Donald Trump says he has authorized a 90-day pause on some of his new tariffs

Shares of Gilead Sciences GILD.O, Eli Lilly LLY.N, Biogen BIIB.O, Pfizer PFE.N and Johnson & JohnsonJNJ.N rise between 1% and 4%

Shares of Amgen AMGN.O, Merck MRK.N, AbbVie ABBV.N, rise between 1% and 3%

Up to last close, LLY down 4%, MRK down 18.8%, BIIB down 22%, AMGN up 11% and GILD up 14.9% YTD