from The Conservative Treehouse:
The rapid change in Ursula von der Leyen now starts to make sense. According to a press release [SEE HERE] from European Big Pharma, they recently had a meeting with the EU Komisar and threatened to leave Europe if the trade system is not renegotiated quickly.
President Trump is on the cusp of announcing a big change in tariffs against foreign pharmaceutical companies in an effort to get the manufacturing of medicines brought back to the USA. Details are soon to surface.
TRUTH LIVES on at https://sgtreport.tv/
In a proactive move, the European Federation of Pharmaceutical Industries and Associations (EFPIA), went to the European Commission (EC) yesterday to hold talks with von der Leyen, calling for radical change and holding the threat of an exodus to the U.S. over the EC president’s head.
PRESS RELEASE – Today, CEOs of the research-based pharmaceutical industry issued a stark warning to President von der Leyen that unless Europe delivers rapid, radical policy change then pharmaceutical research, development and manufacturing is increasingly likely to be directed towards the US.
A survey of EFPIA member companies conducted last week – to which 18 international large and medium-sized innovative companies responded – identified as much as 85% of capital expenditure investments (approximately €50.6 billion) and as much as 50% of R&D expenditure (approximately €52.6 billion) potentially at risk. This is out of a current combined total of €164.8 billion in investments planned for the period 2025-2029 in the EU-27 territory. Over the next three months, companies that responded estimate that a total of €16.5 billion i.e. 10% of the total investment plans is at risk.
The US now leads Europe on every investor metric from availability of capital, intellectual property, speed of approval to rewards for innovation. In addition to the uncertainty created by the threat of tariffs, there is little incentive to invest in the EU and significant drivers to relocate to the US. (read more)
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