Trump drug price plan could nix investment, warns Roche / Photo: SEBASTIEN BOZON - AFP
-
Real Madrid delay Barca celebrations with late win over Mallorca
-
Alcaraz sets up Italian Open semi clash with Musetti, Sabalenka falls
-
Putin not named in Russian delegation for Ukraine talks: Kremlin
-
Bologna end 51-year wait for glory with Italian Cup triumph
-
Bologna beat AC Milan to win the Italian Cup
-
Mexican influencer shot dead during live stream
-
Henry agrees record $30 million extension with Ravens
-
McIlroy not trying to be Bryson's best mate with Masters silence
-
Democrats grill Trump's controversial health secretary
-
Trump admin axes safeguards against 'forever chemicals' in drinking water
-
Crypto industry praises Trump, calls for market clarity
-
Straka, Hovland, Aberg seek first major win, Ryder Cup spot
-
Alcaraz sweeps past Draper and into Italian Open semis, Sabalenka falls
-
HBO again: Warner's streaming service gets old name back
-
FIA cuts controversial F1 driver swearing fines
-
Toddler separated from parents in US deportation case returned to Venezuela
-
Palestinians mark Nakba amid mass displacement in Gaza and West Bank
-
Trump says could meet Putin for Ukraine talks in Turkey
-
NHL's Canucks hire Foote as head coach
-
Spain probes ticket fees for Bad Bunny concerts
-
Daredevil Tom Cruise and his 'Mission: Impossible' wow Cannes
-
Toddler separated from parents in US deportation case returns to Venezuela
-
Trump announces big Boeing order for Qatar Airways
-
French PM strikes defiant note on child abuse scandal
-
Champions League return more important than Europa League glory for Amorim
-
Sean Combs's ex Cassie alleges pattern of abuse ahead of defense grilling
-
Seeking something new, Airbnb CEO promises 'perfect concierge'
-
Pedersen takes third stage win of Giro d'Italia
-
'Assassin's Creed' no saviour for struggling Ubisoft
-
Tottenham's Kulusevski to miss Europa League final after surgery
-
Huge drop in US overdose deaths, marking progress in opioid crisis
-
De Niro says Hollywood worried about 'wrath of Trump'
-
Pedersen takes third stage win in Giro d'Italia
-
Uruguay bids farewell to popular ex-leader "Pepe" Mujica
-
Trump admin drops limits on several 'forever chemicals' in drinking water
-
Gaza rescuers say 80 killed in Israeli strikes amid hostage release talks
-
Ancient reptile tracks rewrite when animals conquered land
-
Turkey eyes legal steps after Kurdish militant group PKK disbands
-
Alcaraz sweeps past Draper and into Italian Open semis
-
Europe Ryder Cup captain Donald has given players no assurances
-
Trump drug price plan could nix investment, warns Roche
-
Tom Cruise unleashes 'Mission: Impossible' at Cannes
-
Trump admin weakens limits on 'forever chemicals' in drinking water
-
Paris to allow swimming in Seine from July in Olympic legacy
-
Germany's Merz urges Europe-US unity on Ukraine war
-
Tom Cruise nearly met his end on 'The Final Reckoning'
-
No new burdens for McIlroy, living the dream after career Slam
-
Sean Combs's ex Cassie to face defense grilling at second day in court
-
Ageless beauty contest: South African grannies strut the catwalk
-
Trump says 'possibility' of meeting Putin for Ukraine talks in Turkey
NYSE - LSE
| RBGPF | 1.27% | 63.81 | $ | |
| CMSC | -0.43% | 21.965 | $ | |
| SCS | -1.61% | 10.54 | $ | |
| RIO | -0.39% | 62.03 | $ | |
| AZN | -2.25% | 66.23 | $ | |
| NGG | -0.15% | 67.43 | $ | |
| RYCEF | -1.61% | 10.53 | $ | |
| BTI | -0.35% | 40.55 | $ | |
| GSK | -0.36% | 36.22 | $ | |
| BP | -0.66% | 30.36 | $ | |
| RELX | 1.24% | 53.06 | $ | |
| BCE | -3.39% | 21.26 | $ | |
| BCC | -3.27% | 90.74 | $ | |
| JRI | -0.86% | 12.77 | $ | |
| CMSD | -0.58% | 22.26 | $ | |
| VOD | -0.22% | 9.04 | $ |
Trump drug price plan could nix investment, warns Roche
President Donald Trump's plans to dramatically slash drug prices for Americans could make Swiss pharmaceutical giant Roche cancel major investments in the United States, it said Wednesday.
Trump signed an executive order Monday aimed at bringing down the notoriously high prescription drug prices paid by US consumers, news that rattled pharmaceutical companies.
Swiss newspaper NZZ reported Trump's move could lead Roche to reassess plans it announced just last month to invest $50 billion in the United States over five years.
Roche, the world leader in cancer treatments, said in a statement it did not expect Trump's new drugs policy to hurt its business in 2025.
"However, should the proposed EO (executive order) go into effect, Roche's ability to fund the significant investments previously announced in the US will be in question," it said.
Trump has been pushing foreign firms to invest more in the United States, saying the way to avoid his tariff assault on foreign-made goods is to produce them on US soil instead.
Prescription drugs were not targeted in Trump's "Liberation Day" tariff announcements.
Still, Roche appeared to take heed with its April investment announcement, which came just after fellow Swiss rival Novartis said it would increase investment in the United States by $23 billion over five years.
The United States is a key market for Roche, accounting for more than half its pharmaceutical division's revenues.
Roche's US subsidiary Genentech announced a $700-million project Monday to build a new plant in North Carolina, which it says would employ 400 people.
L.Mason--AMWN
