Tariffs will raise Ozempic prices

New European tariffs are expected to increase the cost of popular weight-loss drugs like Ozempic. The 15 percent tariffs on EU imports, effective August 7, will likely raise prices for medications that already cost over $1,300 monthly without insurance. Novo Nordisk, the maker of Ozempic, has seen its stock fall following the tariff announcement, while competitor Eli Lilly appears to be weathering the impact better.