Big Pharma Stocks Dive Amid Trade War Jitters & Inflation Woes [Yahoo! Finance]
Novo Nordisk A/S (NVO)
Last novo nordisk a/s earnings: 2/5 01:31 am
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Source: Yahoo! Finance
This move comes just two days after Trump announced his ‘Liberation Day' speech. Though Trump is yet to impose tariffs on imports of medicines and active pharmaceutical ingredients (API), China decided to impose an additional 34% tariff on all U.S.-originated goods, effective April 10. Investors were concerned that China's response could lead to Trump imposing significant duties across all Chinese goods, adding pharmaceuticals to the list as well. This could significantly drive up drug prices for U.S. consumers as big pharma relies more on overseas manufacturing. Shares of all major large-cap pharma and biotech giants took a hit. AbbVie ABBV, Amgen AMGN, Merck MRK and Pfizer PFE lost 7.3%, 5.0%, 5.7% and 5.4%, respectively. Shares of
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NVO
News
- Pfizer scraps daily weight loss pill after liver injury in one patient [MSNBC.com]MSNBC.com
- Pfizer discontinues GLP-1 pill trial, stock trades flat [Yahoo! Finance]Yahoo! Finance
- Pfizer scraps daily weight loss pill after liver injury in one patient [CNBC]CNBC
- Canada should invest in itself instead of subsidizing foreign biotechnology companies [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- This Pharma Company Is Betting Big On A Chinese Ozempic Rival [Forbes]Forbes
NVO
Earnings
- 2/6/25 - Beat
NVO
Sec Filings
- 4/3/25 - Form 6-K
- 3/31/25 - Form 6-K
- 3/10/25 - Form 6-K
- NVO's page on the SEC website