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0 -0.00273276136002528 -0.00266920877025731 -0.000762631077216245 -0.00438512869399427 -0.000762631077216245 0.00603749602796325 0.00478233238004465
Stock impact report

Pharma giant plots US weight-loss drug factory [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
The Swiss giant on Tuesday said the 900,000 sq ft manufacturing facility – roughly the size of 12 football pitches – would be developed in America, the precise location of which is yet to be disclosed. It also announced an expansion of existing factories and research hubs in Arizona, Indiana, Kentucky, New Jersey, Oregon and California, as well as new factories in Pennsylvania and Indiana. Following the investments, Roche said it would export more medicines from the US than it imported. The company expects the commitment to lead to the creation of more than 12,000 American jobs, including 1,000 at Roche. Most would be in the supply chain. The move is the latest pledge by a major pharmaceutical company to locate more manufacturing capacity in the US, amid threats from Mr Trump to hit imports with crippling tariffs Since the Republican leader returned to power in January, Swiss company Novartis has similarly pledged $23bn of investment, while domestic drug makers Eli Lilly an Show less Read more
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