Eli Lilly to invest $5B in Virginia plant amid Trump's pharma tariff threats

Core Insights - Eli Lilly announced a $5 billion investment in a manufacturing facility in Virginia to expand domestic production capacity amid tariff threats [1][2] - The new facility is expected to create 650 high-wage jobs and 1,800 construction jobs, producing active pharmaceutical ingredients for cancer, autoimmune, and other advanced therapies [1][2] - This investment is an expansion from an earlier plan for a $2.1 billion facility that would have created 468 jobs [2] Company Commitment - Eli Lilly's CEO emphasized the investment as a commitment to U.S. innovation and manufacturing, aiming to strengthen communities and advance health and well-being across the nation [3] - The company aims to build a secure and resilient supply chain that supports both current patient needs and future breakthrough medicines [3] Economic Impact - Virginia's Governor praised Eli Lilly's investment as a significant commitment that strengthens the economy and secures the pharmaceutical supply chain [4] - The expansion of manufacturing capacity in the U.S. is positioned to drive innovation for future generations [4] Industry Context - The investment aligns with a broader trend among pharmaceutical companies to increase U.S. manufacturing amid potential tariffs on imported drugs [5] - Eli Lilly has outlined plans to invest at least $27 billion in four new U.S. manufacturing facilities this year to counteract tariff risks [6]