Gilead Sciences Stock Slips on Possible HIV Funding Cut
Portfolio Pulse from
Gilead Sciences Inc (NASDAQ:GILD) stock fell by 2.6% following news that the Trump administration is reviewing domestic HIV prevention funding, which could lead to significant cuts by the Health and Human Services Department.
March 19, 2025 | 2:45 pm
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Gilead Sciences Inc's stock decreased by 2.6% due to potential cuts in domestic HIV prevention funding by the Trump administration, which could impact the company's revenue from HIV-related products.
The potential funding cuts for domestic HIV prevention could directly affect Gilead's revenue from its HIV-related products, leading to a negative impact on its stock price. The market has already reacted with a 2.6% drop.
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