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Medical Device Stocks Fall on Tariff Hit
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President Trump’s tariffs will hit pacemakers, X-ray machines and other medical devices manufactured overseas and shipped to the U.S. Devices and diagnostic equipment are made all over the world, from China and Europe to Malaysia and Vietnam. Many manufacturers are well positioned to weather tariffs because patients will need to get their products, but Wells Fargo estimated companies’ annual earnings per share could take a hit as much as 13.8% in the case of Bausch & Lomb.
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