Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

by admin April 30, 2025
April 30, 2025
Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. 

Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments in the U.S. It comes as drugmakers brace for Trump’s levies on pharmaceuticals imported into the country — his administration’s bid to boost domestic manufacturing.

“If I know that there will not be tariffs … then there are tremendous investments that can happen in this country, both in R&D and manufacturing,” Bourla said on the call, adding that the company is also hoping for “certainty.”

“In periods of uncertainty, everybody is controlling their cost as we are doing, and then is very frugal with their investment, as we are doing, so that we are prepared for remit. So that’s what I want to see,” Bourla said.

Bourla noted the tax environment, which had previously pushed manufacturing abroad, has “significantly changed now” with the establishment of a global minimum tax of around 15%. He said that shift hasn’t necessarily made the U.S. more attractive, saying “it’s not as good” to invest here without additional incentives or clarity around tariffs.

“Now [Trump] I’m sure — and I know because I talked to him — that he would like to see even a reduction in the current tax regime particularly for locally produced goods,” Bourla said, adding a further decrease would be would be a strong incentive for manufacturing in the U.S.

Unlike other companies grappling with evolving trade policy, Pfizer did not revise its full-year outlook on Tuesday. However, the company noted in its earnings release that the guidance “does not currently include any potential impact related to future tariffs and trade policy changes, which we are unable to predict at this time.”

But on the earnings call on Tuesday, Pfizer executives said the guidance does reflect $150 million in costs from Trump’s existing tariffs.

“Included in our guidance that we didn’t really speak about is there are some tariffs in place today,” Pfizer CFO Dave Denton said on the call.

“We are contemplating that within our guidance range and we continue to again trend to the top end of our guidance range even with those costs to be incurred this year,” he said.

This post appeared first on NBC NEWS

previous post
Trial of gang accused of robbing Kim Kardashian at gunpoint opens in Paris
next post
IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

Related Posts

Tesla denies report that the EV maker is...

May 2, 2025

Donatella Versace steps down as head of Italian...

March 14, 2025

Tesla reports 336,000 vehicle deliveries in first quarter,...

April 3, 2025

Temu halts shipping direct from China as de...

May 5, 2025

Lululemon shares drop 15% as CEO says inflation,...

March 29, 2025

UPS shares tank 15% after weak guidance, plan...

February 3, 2025

Rite Aid files for second bankruptcy in two...

May 7, 2025

Musk loses more than $100B as Tesla gives...

February 28, 2025

Restaurant chain Hooters files for bankruptcy protection to enable founder-led...

April 2, 2025

Trump could scale back Canada, Mexico tariffs Wednesday,...

March 6, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Indian YouTuber who documented her travel to Pakistan arrested for allegedly spying

      May 21, 2025
    • UK pauses trade negotiations with Israel and summons Israeli ambassador

      May 21, 2025
    • This girl is trying to keep her family alive in Gaza. Hunger already killed her baby niece

      May 21, 2025
    • South Africa’s Ramaphosa visits Trump for high-stakes talks that could reset or worsen fraught ties

      May 21, 2025
    • Putin makes first visit to Kursk since Russia claimed to have recaptured the region

      May 21, 2025
    • Japan’s farm minister resigns over rice gaffe, as stubbornly high prices threaten government’s grip on power

      May 21, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved