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00:03Johnson & Johnson said Thursday it will invest $2 billion in North Carolina to expand U.S.
00:08manufacturing, according to Reuters. The move comes as Trump's proposed drug import tariffs
00:12are pressuring global pharma firms. The company signed a 10-year deal with Fujifilm Diosynth
00:18for its 160,000-square-foot Holly Springs site, expected to create 120 jobs.
00:25J&J also plans further U.S. facilities and expansions in the coming months.
00:29The move follows its March pledge to raise U.S. investments by 25% to more than $55 billion
00:34over four years, including a new plant in Wilson, North Carolina. Other major drug makers, such
00:40as Eli Lilly and AstraZeneca, have also boosted U.S. spending in response to Trump's tariff
00:45threats.
00:45For all things money, visit Benzinga.com.
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