Thermo Fisher Scientific lowers profit forecast due to tariffs and research funding cuts.

From Yahoo Finance: 2025-04-23 07:19:00

Thermo Fisher Scientific cuts annual profit forecast due to U.S.-China tariff war and Trump admin’s proposed funding cuts for academic research. Anticipates $400 million hit in sales in China, impacting products produced in U.S. facilities and increasing costs of China-sourced parts. China raises levies on all U.S. goods, including pharmaceuticals and lab equipment. Trump administration slashes funding for universities and research bodies. Thermo Fisher plans to offset impact through U.S. manufacturing investments, supply chain changes, and pricing actions. Expects adjusted profit for 2025 to be lower than previous forecast and analysts’ expectations. Q1 results beat estimates.



Read more at Yahoo Finance: Thermo Fisher cuts 2025 profit forecast on tariff hit, research funding cuts