U.S. pharmaceutical stocks fell before the market opened, with Novo Nordisk, AbbVie and others leading the decline

2025-05-12 16:12:02

U.S. pharmaceutical stocks fell before the market opened, with Novo Nordisk down 5.25%, AbbVie down 4.12%, AstraZeneca down 3.8%, Novartis down 3.7%, and Gilead Sciences down 3.46%. Trump announced that he would sign an executive order to immediately reduce drug prices by 30%-80%.

Novartis AstraZeneca Novo Nordisk

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