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Stock impact report

GSK (GSK) Touches All-Time High on Potential Exemption From Trump Tariff [Yahoo! Finance]

GlaxoSmithKline PLC (GSK) 
US:NYSE Investor Relations: gsk.com/en-gb/investors
Company Research Source: Yahoo! Finance
Shares of GSK rallied for a third straight day on Tuesday to hit a new all-time high, as investors gobbled up shares in US-based pharmaceutical companies a day ahead of the official imposition of a hefty tariff on imported drugs. During the session, GSK plc (NYSE:GSK) jumped to a new all-time high of $43.32 before giving up marginal gains to finish the day just up by 5.05 percent at $43.17 apiece. While a London-based company, investors posted confidence on GSK plc (NYSE:GSK) following announcements that it would invest $30 billion in the US over the next five years. Under President Donald Trump's new tariff rules, imported drug products will be slapped as much as 100 percent levy, but those that will invest in manufacturing in the US could be exempted. The announcement sparked investor optimism that GSK plc (NYSE:GSK) will be spared from tariffs. In other news, the company announced changes in its leadership following the resignation of Emma Walmsley as its chief executive o Show less Read more
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