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Bloomberg Quint

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Image Credit: Bloomberg Quint

Cipla, Sun Pharma, Lupin, Aurobindo Pharma Down As Trump Warns Of Tariffs In The Future

  • Nifty Pharma fell nearly 5% on Friday after US President Donald Trump warned of future tariffs on the pharmaceutical sector.
  • Aurobindo Pharma, Laurus Lab, Lupin, and Aurobindo Pharma were among the companies that saw a decline in their stock prices.
  • The US is considering the pharmaceutical sector as a separate category and tariffs for the industry will be announced soon.
  • Investors have become cautious of the segment due to Trump's announcement.

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