Pharma Hit Hard in Selloff, BAE Up, ITV Down

On this episode of Stock Movers:- Shares of European drugmakers dropped to a two and a half-year low after US President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon. AstraZeneca, Novo Nordisk, Roche, Novartis are all down.- The Stoxx Europe 600 Index sank 2.3% at 9:02 a.m. in London, with every sector declining. One of the few bright spots was BAE Systems, one of less than 10 companies in the green.- ITV shares drop as much as 8.3%, hitting their lowest level since November, after the UK broadcaster was downgraded to sell by UBS amid an expected decline in ad revenue and concern around streaming.See omnystudio.com/listener for privacy information.