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Pharma stocks in India plummet as Trump plans U.S. drug tariffs and boosts domestic manufacturing.
Pharma stocks in India took a hit on Tuesday, with the Nifty Pharma Index dropping 1.8%, following President Trump's executive orders to boost domestic drug manufacturing in the U.S. and his plan to announce pharmaceutical tariffs.
Key companies like Aurobindo, Cipla, and Lupin saw significant declines as they rely heavily on the U.S. market.
The executive orders aim to reduce the U.S.'s dependence on foreign-made medicines by accelerating approvals and encouraging domestic production.
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Las acciones farmacéuticas en la India se desploman a medida que Trump planea aranceles a los medicamentos estadounidenses y aumenta la fabricación nacional.