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Pharmaceutical stocks fall as Trump doubles down on tariffs threat

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Shares of U.S.-based companies Eli Lilly , AbbVie , Bristol Myers Squibb and Regeneron all fell about 4% or more on Wednesday .

President Donald Trump doubled down on plans to impose tariffs on pharmaceuticals imported into the US .

He exempted pharmaceuticals from his sweeping tariffs unveiled last week in a temporary relief for drugmakers.

Wall Street analysts and companies have raised concerns that it will be difficult to reshore production in the country.

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