US pharma stocks mostly firm after Trump tariffs

ReutersSep 26, 2025 11:48 AM

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Shares of major U.S. drugmakers were mostly stable or marginally up after President Donald Trump announced 100% tariffs on branded drugs imported by firms that are not building plants in U.S.

Shares of Abbvie ABBV.N, Merck MRK.N and Eli Lilly LLY.N were up 1% premarket

Shares of Amgen AMGN.O, Pfizer PFE.N, Johnson & Johnson BIIB.O and Bristol Myers Squibb BMY.N rose marginally

Most of these companies had been boosting their U.S. manufacturing while the Trump administration weighed hefty tariffs on pharmaceutical imports into the country

Up to last close, LLY down 7.4%, BMY down 23.3% and PFE down 11% YTD

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