Latest news with #drugindustry
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Bristol CEO: Pharma Tariffs Must Not Jeopardize Medicine Supplies
Bristol-Myers Squibb Chief Executive Chris Boerner said at The Wall Street Journal's Future of Everything festival on Thursday that potential tariffs targeting the drug industry from the Trump administration must not create supply constraints. Bristol and other drugmakers are bracing for tariffs targeting pharmaceuticals shipped to the U.S. from other countries. The administration has been conducting an investigation into such levies, and analysts expect them to be announced in coming weeks. 'The most important thing we've been doing on this topic is engaging with the administration to educate them on how if you're going to do tariffs—it may not be the policy we would have preferred—but if you're going to do it, do it without messing things up,' he said.
Bloomberg
20-05-2025
- Business
- Bloomberg
Denmark's Economy Contracts, Dragged Down by Lower Pharma Sales
Denmark's economy shrank in the first quarter, dragged down by lower drug sales, underscoring the Nordic nation's increased dependency on its large pharmaceutical sector, which is led by Novo Nordisk A/S. Gross domestic product adjusted for seasonal swings fell 0.5% last quarter compared with the previous three-month period, the worst performance since late 2022, Statistics Denmark said on Tuesday. When excluding effects from the drug industry, the economy added 1% in gross value in the period.
