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Europe midday: Shares up on US-China truce; Pharma hit by Trump price cut threat

By Frank Prenesti

Date: Monday 12 May 2025

(Sharecast News) - European equities surged on Monday as the US and China agreed to slash tariffs on each other for 90 days after weekend talks in Switzerland to avert a major trade war.
US Treasury Secretary Scott Bessent said "both sides will move their tariffs down by 115%" as a...

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