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White House Demands Drugmakers Lower Prices, Novo & AstraZeneca Stocks Fall | The Opening Trade 8/1
Posted
August 1, 2025
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1:35:29Now PlayingA global stock selloff extended to a sixth day — the longest streak since September 2023 — as President Donald Trump sweeping import tariffs raised concerns about the outlook for economic growth. At an average of 15%, the world is still facing some of the steepest US tariffs since the 1930s, roughly six times higher than they were a year ago.
Europe’s Stoxx 600 fell to a one-month low, with pharmaceutical stocks including Novo Nordisk, Sanofi, GSK and AstraZeneca leading declines after Trump demanded drug companies lower US prices.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Kriti Gupta and Valerie Tytel.
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