financetom
Business
financetom
/
Business
/
Market Chatter: GSK Prepared for Possible Tariffs During Growing US Trade Tensions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: GSK Prepared for Possible Tariffs During Growing US Trade Tensions
Apr 11, 2025 3:33 AM

06:06 AM EDT, 04/11/2025 (MT Newswires) -- GSK CEO Emma Walmsley said the pharmaceutical firm has taken precautionary steps to protect its global operations from possible US tariffs on medicines, Bloomberg News reported Friday, citing an interview held in London.

Walmsley told Bloomberg GSK had overhauled its supply chain following the Haleon separation, incorporating backup sourcing to improve operational stability.

She also noted that although GSK is headquartered in the UK, the US accounts for the majority of its business, making it a central focus for investment, the news outlet reported.

Despite policy uncertainty under President Donald Trump, Walmsley reportedly said the company is committed to maintaining a steady flow of treatments and vaccines to patients.

GSK is pursuing expansion in China, especially in infectious disease treatments, but does not manufacture there, limiting its exposure to trade tensions with the US, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved