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Stock impact report

Mark Cuban warns Trump's tariffs mean his Cost Plus Drugs ‘won't have a choice' but to raise prices for consumers [Yahoo! Finance]

IQVIA Holdings, Inc. (IQV) 
Last iqvia holdings, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.iqvia.com
Company Research Source: Yahoo! Finance
cofounded, Cost Plus Drugs, would be forced to raise its prices in response to a tariff on goods imported from India. "We won't have a choice," Cuban said. Cuban's company aims to make pharmaceuticals more affordable, with a transparent pricing plan that marks up drug manufacturing costs by 15% and adds a potential pharmacy fee charged by their suppliers (of around $5, plus $5 shipping). But now those prices might go up if the Trump administration imposes tariffs on India, Cuban said. While Cost Drugs Plus won't be affected by tariffs on China, Cuban said any potential tariff on goods imported from India would force the company to raise the price of its medications. In that scenario, he said, Cost Plus Drugs would let consumers know that the cost of tariffs and broker fees would be passed onto them “directly,” with no way for the company to “eat” the costs. The Economic Times reports that the U.S. was India's largest trading partner from 2021 to 2022 and 2023 to 2024, accounti Show less Read more
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