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Novo NordiskNgo-0.90%) Popular diabetes and weight loss drugs OZEMPIC and Wegovy manufacturers expect at least short -term impacts from Donald Trump’s proposed tariffs.
Novo Nordisk CEO Lars Fruergaard Jorgensen said, “We are still moving across the border like most global companies. I told Bloomberg on Thursdaywhy. “Of course, there will be short -term effects as the impact of tariffs.”
The stocks of a company based in Denmark fell almost 3% according to his opinion on Thursday morning.
Jorgensen mentioned that pharmaceutical companies depend on ingredients supplied abroad, even if they are manufactured in the United States. He emphasized that generic drugs will do the most difficult things and potentially cause tribes and generally raise prices.
Since his inauguration, Trump has proposed a number of tariffs. He announced plans to impose tariffs last month.Near 25%Imported vehicles, semiconductors and medicines from April.
Meanwhile, 25% of the tariffs on most of Mexico and Canada were effective on Tuesday, and the obligation to Chinese products increased by 10%.
Trump also suggested that the tariffs on imported products of the European Union will be “soon”. And he recently signed a memorandum to his torture to instruct a new draft.Fair and mutualTransaction tariffs of all major trading partners in the United States.
Jorgensen’s opinion is also available as Trump is forced to limit the pharmaceutical company to bring more production to the United States as part of a wide range of efforts to promote domestic manufacturing. In February, Trump met with the best industry executives, including Ellie Lily.Lly-4.64%) CEO David Ricks. A week later, Ellie Lily announced an investment plan. $ 27 billion in four new US manufacturing facilities.
Pfizer (passionatePFE+1.58%) Albert Bourla CEO is a pharmaceutical company this week Move some of the overseas manufacturing to the US plant.If necessary.
Novo Nordisk announced that it is investing last year. $ 4.1 billion to build new facilities In Clayton, North Carolina.
