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168 days

Pfizer's CEO says he's got a plan to deal with Trump's tariffs — move overseas drug manufacturing to the US

1. Pfizer may move manufacturing back to the US due to tariffs. 2. CEO Albert Bourla acknowledges Trump’s tariffs will impact operations. 3. Pfizer has 13 operational manufacturing sites in the US. 4. The pharmaceutical industry is closely monitoring tariff implications. 5. Bourla did not see Trump's victory as a surprise.

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FAQ

Why Bullish?

The potential shift in manufacturing could reduce costs and improve profit margins, akin to historical instances where domestic production mitigated tariff impacts, thus positively influencing PFE’s market position.

How important is it?

The article discusses significant corporate strategies regarding tariffs that directly concern Pfizer’s profitability and operational decisions.

Why Long Term?

Shifts in manufacturing strategies can have sustained outcomes on operational efficiency, as seen in other industries adapting to tariffs over time.

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