SANDOZ

Sandoz CEO warns Trump tariffs on generic drugs hurt patients

American patients would ultimately bear the cost of President Donald Trump's threatened tariffs on generic drugs, the CEO of Swiss pharmaceutical company Sandoz told CNBC, warning that manufacturers could be forced to raise prices or stop supplying some medicines. "Patients pay the tariff," Sandoz CEO Richard Saynor said in an interview with CNBC during its Capital Markets Day. "Any business is not going to systematically continue to supply a product at a material loss," he said on Tuesday.