Pharma companies worried about threat of tariffs
- Pharmaceutical companies expressed concerns about potential tariffs impacting investment in Europe, as stated in a letter to Ursula von der Leyen.
- These concerns arose because new regulations and the trade war between the US and EU create a 'crisis' for the pharmaceutical sector.
- Executives from companies like Pfizer and AstraZeneca warned about possible redirection of up to €100 billion in investments away from Europe.
- IPHA's Oliver O'Connor stated that pharmaceutical investment is "very long-term and costly", highlighting concerns about tariffs.
- The potential diversion of investments suggests a possible industry shift, with funds potentially moving to the US or other fast-growing economies.
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Total News Sources9
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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