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Wall Street’s main indexes declined following US President Donald Trump’s announcement of upcoming pharma tariffs, which heightened trade war concerns and negatively impacted corporate results. Major pharmaceutical companies like Eli Lilly, Merck, and Pfizer saw their shares drop, while Ford Motor suspended its annual outlook amid tariff uncertainty. In early trading, the Dow fell 1.06%, the S&P 500 dropped 1.10%, and the Nasdaq Composite lost 1.35%, with most sectors, particularly healthcare and tech, trading lower as investors awaited insights from the Federal Reserve’s meeting on interest rates.
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