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Gilead Sciences 12.62 Billion Trading Volume Lands 39th in Market Rankings Amidst Major Investment Plans
Generated by AI AgentAinvest Market Brief
Friday, May 9, 2025 7:56 pm ET1min read
On May 9, 2025,
(GILD) experienced a decline of 1.27%, marking its second consecutive day of losses, with a total decrease of 2.01% over the past two days. The company's trading volume reached $12.62 billion, placing it at the 39th position in the day's stock market rankings.Gilead Sciences has announced a significant investment of $11 billion in U.S. manufacturing, aiming to create 800 new jobs by 2030. This move comes amidst increasing pressure from the White House on drugmakers to enhance domestic production.
On May 8, 2025, Gilead Sciences held its annual general meeting of shareholders. During the meeting, stockholders did not approve a proposal requesting a comprehensive human rights policy and human rights due diligence process.
Gilead Sciences has also declared plans to invest $32 billion in U.S. manufacturing and research and development over the next five years. This substantial investment is part of the company's strategy to strengthen its domestic operations and build resilience in the face of potential tariff threats and other challenges.
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