STAT+: The trade war hits pause, but the biotech doom loop carries on

This story first appeared in Adam’s Biotech Scorecard, a subscriber-only newsletter. STAT+ subscribers can sign up here to get it delivered to their inbox.

“Always you, with the bad news.” — King Henry VIII to Thomas Cromwell.

Biotechs whipsawed by Trump tariff retreat

Biotech stocks and the broader markets snapped higher Wednesday after President Trump announced a 90-day pause on reciprocal tariffs for all countries except China, backing down from a trade policy that had triggered a global macroeconomic crisis. 

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