Medical device stocks slide on Trump tariff news

News Snapshot:

While pharmaceutical companies are safe for the time being from country-specific reciprocal tariffs announced by President Trump Wednesday, medical devices are not. That's according to The Advanced Medical Technology Association, or AdvaMed, a trade group representing medical devices. The organization expressed concern about the impact on the sector — but remained hopeful for either an exemption or relief from negotiations between the countries and the US. "While disappointed in this initial announcement, we look forward to continuing our conversations with the White House to help them understand the important role the medtech industry plays in our health care ecosystem. The...