https://sputnikglobe.com/20250407/big-tech-big-banks-big-pharma-biggest-losers-of-trumps-tariff-wars-1121835767.html

Big Tech, Big Banks, Big Pharma: Biggest Losers of Trump’s Tariff Wars

Big Tech, Big Banks, Big Pharma: Biggest Losers of Trump’s Tariff Wars

Sputnik International

The administration’s new cross-the-board duties have triggered a worldwide selloff, with stock prices suffering another big drop after markets opened Monday as the new reality set in.

2025-04-07T20:41+0000

2025-04-07T20:41+0000

2025-04-08T04:12+0000

economy

us stocks

nasdaq

market crash

tesla

big tech

apple

jpmorgan chase

big pharma

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Here are the major multinationals hit hardest over the past week.Big Tech: • Apple: 16.8% sliced from its market cap (at $300B+ in losses, the absolute biggest loser in dollar terms, with market cap shrinking to $2.7 trln). • Alibaba: shaved a whopping 19.6% from its valuation, the worst performer in percentage terms (new market cap: $239B). • TSMC: 12.3% drop, $663B market cap. • Salesforce: 11% drop, $236B. • Nvidia: 10.1%, $2.4 trln. Big Banks: • HSBC: 15.98% in valuation lost, $173.3B new cap. • Goldman Sachs: 14.3% drop, $151B cap. • Bank of America: 13.9%, $272.2B. • Morgan Stanley: 13.2%, $164.1B. • JPMorgan Chase: 13%, $602B new valuation.Big Pharma: • Thermo Fisher: down 12.5%, $165.6B cap. • Eli Lilly & Co: 12.1% drop, $652B new cap. • AstraZeneca: Down 11.1%, $216.6B. • AbbVie: 9.76% in value wiped out, market cap of $329.4B. • Novartis: 9.5% drop to $203.9B. Energy: • Shell: 15.4% drop, $193.8B cap. • Chevron: 15.1%, $248.8B. • Exxon Mobil: 12.5% in value gone, $445B cap. Defense: • GE: 15.7%, $179.1B valuation. • RTX: 12.7% gone, $157.6B cap. Other Big Losers: • Disney: 15.3% drop, $150.7B. • Tesla: 10.7%, $751B cap. • Toyota: 9.7% lost, $202.8B.

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world stock market crash, us stocks crash, biggest stock market losers, trump tariffs effect on stock market, stock selloffs