AstraZeneca to invest $50 bn in the US amid Trump tariffs
AstraZeneca
on Tuesday said it would invest $50 billion in the
United States
amid a looming deadline of ramped-up
tariffs from Washington
.
A large chunk of the funds will go toward building a multi-billion dollar manufacturing centre in
Virginia
, the company said in a statement, adding that it expects 50 percent of its
revenue
to come from the United States by 2030.
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"Today's announcement underpins our belief in America's innovation in
biopharmaceuticals
," the statement quoted
CEO
Pascal Soriot as saying.
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