White House Demands Drugmakers Lower Prices, Novo & AstraZeneca Stocks Fall | The Opening Trade 8/1
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A global stock selloff extended to a sixth day — the longest streak since September 2023 — as President Donald Trump sweeping import tariffs raised concerns about the outlook for economic growth. At an average of 15%, the world is still facing some of the steepest US tariffs since the 1930s, roughly six times higher than they were a year ago. Europe’s Stoxx 600 fell to a one-month low, with pharmaceutical stocks including Novo Nordisk, Sanofi, GSK and AstraZeneca leading declines after Trump
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