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Trump pressures drug prices, pharmaceutical stocks plummet

13/05/2025

According to the AI Finance APP, following US President Donald Trump's announcement of plans to lower prescription drug prices in the US to match those of other countries, pharmaceutical company stocks have plummeted.

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2 m ago

LME copper closed up $75 at $9520 per ton. LME aluminum closed up $62 at $2480 per ton. LME zinc closed up $26 at $2680 per ton.

3 m ago

On Monday (May 12th), ASML Holdings' stock price in Amsterdam (ASML.NA) closed up 6.40% at 666.90 euros. Novo Nordisk's stock price in Copenhagen (NOVOB.DC) closed down 0.65% at 441.40 Danish krone. LVMH Group rose 7.01%, L'Oreal rose 2.96%, Sanofi rose 2.4%, Roche and GlaxoSmithKline rose at least 1.6%, Novartis, Germany's SAP, and AstraZeneca rose up to 0.85%, while Nestle fell 1.64%. Among luxury goods concept stocks, Richemont and Hugo Boss rose up to 6.45%, the Swatch Group and Kering rose up to 5.86%, Pernod Ricard, Burberry, Hermes, and LVMH also rose 4.85% to 1.99%.

3 m ago

European stocks "Eleven Arhats" closing report | LVMH Group rose 7%, ASML rose more than 6%, Trump signed a pharmaceutical order causing Novo Nordisk to fall by more than 0.6%

11 m ago

Bank of England committee member Taylor: If progress is made on the trade front, we will reconsider the vote on interest rate cuts.

17 m ago

Bank of England board member Taylor: The Bank of England's core predictions on the global trade situation are "quite moderate."

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