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Stock impact report

Pharma Stocks Rebound as Trump Announces a 90-Day Pause on Tariffs [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
Most of the pharma bigwigs ended the trading session in green after bearing the brunt of investors' skepticism earlier in the day on a plausible import tariff. The share prices of Novo Nordisk NVO, AbbVie ABBV, Eli Lilly LLY and AstraZeneca AZN declined on Wednesday morning but gained thereafter, reflecting broader market optimism following President Trump's tweet that there would be a 90-day pause on reciprocal tariffs for non-retaliating countries. Last week, Trump announced new tariffs on almost all trading partners in a move to reportedly boost domestic manufacturing. The so-called “reciprocal tariffs” included a 34% tax on imports from China and 20% on the European Union, among others, along with a 10% baseline tax on imports from all countries. The stock markets around the world plunged earlier in the week on a likely slowdown around the corner with new tariffs in place. Nonetheless, a pause on the tariffs has somewhat alleviated these fears, and investors cheered the news Show less Read more
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