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Stock impact report

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

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
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. Still, analysts noted that AbbVie, Bristol Myers Squibb ( BMY ), and Eli Lilly "appear relatively well-positioned with more major U.S. plants than outside the United States, and most API sites in the U.S.," the analysts said. Eli Lilly and Company (LLY) API, or active pharmaceutical ingredients, are the base compounds used to dev Show less Read more
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