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Stock impact report

Trump reciprocal tariffs avoid hit on pharma manufacturing [Yahoo! Finance]

Bristol-Myers Squibb Company (BMY) 
Last bristol-myers squibb company earnings: 2/6 07:05 am Check Earnings Report
US:NYSE Investor Relations: bms.com/investors.html
Company Research Source: Yahoo! Finance
That includes a 10% baseline tariff, but not the 20% reciprocal tariff for the European Union, which includes Ireland. The tariffs go into effect Thursday. In a note to clients earlier Wednesday, TD Cowen analysts said the companies with the most exposure to tariffs on Ireland were Merck and AbbVie ( ABBV But in the executive order, signed by Trump Wednesday, pharmaceuticals were excluded. "The following goods as set forth in Annex II to this order, consistent with law, shall not be subject to the ad valorem rates of duty under this order: ... other products enumerated in Annex II to this order, including copper, pharmaceuticals," the order said. Jefferies analyst Michael Yee said that for now, that gives the pharma and biotech sectors some breathing room. "The President has mentioned (potential) for tariffs on pharmaceuticals/API which could come 'at some point...'. We will (continue) to watch the situation unfold but for now see minimal impact to biopharma," Yee wrote to Show less Read more
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