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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

AstraZeneca to invest $50bn in US by 2030 amid Trump tariff threats

AstraZeneca CEO Pascal Soriot speaks during an event with Virginia governor Glenn Youngkin to announce the investment in US manufacturing
The AstraZeneca CEO, Pascal Soriot, speaks during an event with Virginia governor Glenn Youngkin to announce the investment in US manufacturing. Photograph: Ümit Bektaş/Reuters

AstraZeneca has announced it will invest $50bn (£37bn) in the US by 2030, the latest in a string of pledges by pharmaceutical companies as the threat of Donald Trump’s tariffs looms over the industry.

The British drugmaker, which is headquartered in Cambridge, said its investment would fund a new drug manufacturing facility in Virginia and expand its research and development and cell therapy manufacturing in Maryland, Massachusetts, California, Indiana and Texas.

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