Pharmaceutical stocks sank lower Wednesday after President Trump doubled down on his promise to slap tariffs on a long-exempt industry, causing market turmoil globally.

One possible scenario is Trump introduces tariffs specifically targeting pharma—either all at once, or in stages—said Huynh. The president could also pursue tax reform aimed at the industry ...

Global pharma stocks came under renewed selling pressure in the morning hours Wednesday after Trump threatened to impose a "major" tariff on all pharmaceutical imports “very shortly.” ...