Bristol Myers Squibb Criticizes Trump Policies, Announces $40 Billion U.S. Investment

A major pharmaceutical company publicly criticized the Trump administration’s trade tariffs and healthcare reforms while simultaneously announcing a significant investment in U.S. operations. Bristol Myers Squibb (BMS) CEO, Christopher Boerner, voiced concerns over the economic impact of the policies, even as the company pledged to invest $40 billion in the United States. Boerner’s critique focused on the potential for tariffs to disrupt supply chains and increase the cost of pharmaceutical manufacturing. He also raised reservations about specific healthcare reforms, suggesting they could hinder patient access to necessary medications. Despite these criticisms, BMS affirmed its commitment to the U.S. market through a substantial $40 billion investment. The company stated that the funds would support research and development initiatives, manufacturing expansions, and job creation across various states. This dual message presents a complex picture of a company navigating both economic challenges and opportunities within the current political landscape.

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Date: May 6, 2025

Author

Mark Chiang