1154 GMT - Regulatory uncertainty looms large over the pharmaceutical industry heading into the second-quarter earnings season, with investors worried about a long list of items being debated, HSBC analysts say in a research note. There is little insight at present on where any of the proposed changes on tariffs and other trade barriers, drug prices and taxes will land, according to HSBC. Meanwhile, pharma companies seem upbeat about new launches and growth drivers after a recent period of cost control, the analysts say. Regulatory uncertainty and growth investment create a higher degree of earnings uncertainty going into the reporting season, HSBC says. The Stoxx Europe 600 Health Care index is up 0.9%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
June 27, 2025 07:54 ET (11:54 GMT)
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