Possible U.S. deal and regional manufacturing to shield Novartis from tariffs, CEO tells CNBC [CNBC]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: CNBC
"We also have an agreement with the US government that excludes us from any tariffs we think," he said. The company is investing in its regional supply chains, he added/ In this article Swiss pharmaceutical giant Novartis ' CEO has said he "thinks" the company has an agreement with the U.S. to shield it from tariffs." Speaking at Davos, Novartis CEO Vas Narasimhan told CNBC's Karen Tso and Steve Sedgwick that its $23 billion investment in manufacturing, announced last year, was a moat against levies. He was speaking after U.S. President Donald Trump pledged to impose 10% tariffs on the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland by Feb. 1, as he ramps up economic pressure as part of a campaign to acquire the self-governing Danish territory of Greenland. The levy will rise to 25% from June 1, Trump said. The continent's pharma sector could be one of its worst hit by the proposals , given that medicines and other related products are one of
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- Novartis (NYSE:NVS) had its "buy" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
NVS
Earnings
- 10/28/25 - Miss
NVS
Sec Filings
- 1/16/26 - Form S-8
- 1/16/26 - Form S-8
- 1/16/26 - Form S-8
- NVS's page on the SEC website