Pharmaceuticals roundup 2025

Trump and leaders

Source: © Andrew Caballero/Reynolds/AFP/Getty Images

Policy swings have made it a slippery year for pharma

It’s been a turbulent year for the pharmaceutical industry, with US political decisions having broad ramifications both at home and abroad. Donald Trump’s on-again off-again tariff announcements have made for a challenging market environment, and his desire for ‘Most Favored Nation’ pricing has left companies scrambling to do deals on price cuts in the US, and ramp up their US-based operations.