BUZZ-US drugmakers fall after Trump announces reciprocal tariffs

Reuters
04-03
BUZZ-US drugmakers fall after Trump announces reciprocal tariffs

** Shares of some U.S. drugmakers fall between 0.5% and 3.5% after U.S. President Donald Trump speaks on reciprocal tariffs

** In extended trading, Johnson & Johnson JNJ.N down 0.6%, Moderna MRNA.O down 3.5%, Eli Lilly LLY.N down 2.4%, Bristol Myers Squibb BMY.N down 0.7% and Regeneron down 2%

** The SPDR S&P Biotech ETF falls 4%

** Tariffs on major drug trading partners includes 20% on the EU, 26% on India and 34% on China

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

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