š„Trumpās Pharma Tariff Shock: Up to 80% Cuts Trigger Asian Stock Sell-Offš„
š„ Major Move from the White House:
President Donald Trump just dropped a bombshell, announcing an upcoming Executive Order to slash prescription drug prices by 30% to 80% across the U.S.
> āIāll be signing one of the most important Executive Orders in U.S. history,ā Trump posted on Truth Social, Monday (May 12).
š Immediate Fallout in Asia:
Markets reacted fast ā especially in the pharmaceutical sector:
Chugai Pharmaceutical plunged -7.2%
Daiichi Sankyo & Takeda Pharmaceutical both dropped over -5%
In South Korea: SK Biopharmaceuticals and Samsung Biologics slid more than -3%
ā ļø Why It Matters:
Trumpās push to reduce drug costs could disrupt global pharma pricing, especially for companies exporting to the U.S. This move sends a clear signal: America First now includes pharma.
āTrump: āMake Drugs Cheap Again!āā
āPharma execs waking up today: āSir, weāve been hit.āā
Will this help lower healthcare costs or shake investor confidence long-term?
Drop your thoughts below. Tag someone in pharma stocks!
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