European Pharma Shares Fall After Trump Asks For Drug Price Cuts -- Market Talk
Dow Jones
Aug 01, 2025
0728 GMT - Shares of European pharmaceutical companies fell in early trade after U.S. President Trump sent out letters Thursday asking them to cut the costs of drugs for U.S. customers to the lowest offered in other developed nations.Shares of GSK, AstraZeneca, Novo Nordisk, and Sanofi were down 1.7%, 2.8%, 4.2% and 1.2%, respectively. The Stoxx Europe 600 healthcare index was down 1.8%. The President said he would use "every tool in our arsenal" to protect American families from high prices if companies didn't act voluntarily. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
August 01, 2025 03:28 ET (07:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.