
David Wainer
Healthcare Columnist, Heard on the Street at The Wall Street Journal
Columnist @WSJ Heard on the Street @WSJheard
Articles
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1 week ago |
wsj.com | David Wainer
Despite that bleak backdrop, there are still some opportunities for patient investors. After all, the U.S. is still the top spender on drugs by far. And that isn’t something RFK Jr. or President Trump is likely to change. That isn’t to play down the overall risk. Even before RFK Jr.’s appointment, biotech was already reeling. Wave after wave of bankruptcies, shelved drug programs and layoffs had hollowed out the sector.
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2 weeks ago |
wsj.com | David Wainer
Trump has already singled out pharma companies and countries like Ireland that reap the benefits of tax-avoidance moves. Despite its small size, Ireland ran an $87 billion trade surplus with the U.S. last year—larger than any country except China, Mexico and Vietnam. “Ireland was very smart,” Trump said last month. “They took our pharmaceutical companies away.”On Wednesday, Trump announced sweeping reciprocal tariffs, citing the barriers other nations impose on U.S. goods.
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3 weeks ago |
wsj.com | David Wainer
Big pharmaceutical stocks mostly rose after President Trump’s executive order exempted medicines from new tariffs. Merck, Bristol-Myers Squibb, and Johnson & Johnson were among the top performers in the S&P 500, with the sector also benefiting from its status as a defensive play. Still, drugmakers aren’t in the clear.
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3 weeks ago |
cn.wsj.com | David Wainer
多年来,制药公司自认为找到了完美的漏洞:在美国获取巨额利润,按爱尔兰的税率缴税。现在,继续这么做可能将弄巧成拙。2019年,辉瑞公司(Pfizer)在美国的药品销售额为200亿美元,却未缴纳一美分的联邦税款。这是参议院财政委员会(Senate Finance Committee)民主党工作人员今年3月份发布的一份调查报告披露的内容。他们调查了美国制药巨头是如何利用2017年特朗普税改法案制造的一个漏洞将利润转移到海外的。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8立即订阅 热门文章热门视频 华尔街日报中文版2025年04月03日的文章列表
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3 weeks ago |
wsj.com | David Wainer
The strategy has been great for Big Pharma’s bottom line—and for countries such as Ireland, too. But as President Trump’s trade war picks up steam, that model could start to unravel. Trump has already singled out pharma companies and countries like Ireland that reap the benefits of tax-avoidance moves. Despite its small size, Ireland ran an $87 billion trade surplus with the U.S. last year—larger than any country except China, Mexico and Vietnam. “Ireland was very smart,” Trump said last month.
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