Trump's latest tariff threat ends brief reprieve for Indian pharma stocks [Yahoo! Finance Canada]
Dr. Reddy's Laboratories Ltd (RDY)
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Source: Yahoo! Finance Canada
"Pharma (tariffs) is going to be starting to come in, I think, at a level that you haven't really seen before," Trump told reporters aboard Air Force One. "That will be announced in the near future, and is under review right now," Trump said. The index was among the top sectoral losers by percentage on the benchmark Nifty 50, which was down about 1.2% at 11:25 a.m. IST. All 20 constituents of the pharma index were trading in the red, with Sun Pharma, Dr Reddy's and Cipla being the biggest drags. Lupin, Aurobindo Pharma and Ipca Laboratories fell about 6.5% each, and were the top losers by percentage. Trump imposed a 10% tariff on most U.S. imports earlier this week, as well as much higher levies on dozens of rivals and allies alike, but temporarily exempted some goods, including pharmaceuticals, benefiting major exporters including India, Japan and Ireland. Pharma stocks were a rare bright spot on Thursday as global drugmakers gained on relief that their products remained
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Earnings
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Sec Filings
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