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Trump Hosts Novartis CEO as Company Expands U.S. Manufacturing

2/20/2026

Summary

Story summary

U.S. President Donald Trump announced a White House meeting with Vas Narasimhan, Novartis CEO.
Trump said Narasimhan informed him Novartis planned 11 U.S. plants because of tariffs.
A Novartis spokesperson confirmed plans to expand manufacturing and research facilities, including sites in North Carolina, California, and Florida.
Last year, Novartis pledged $23 billion to develop 10 U.S. facilities after threats of drug import duties from the Trump administration.

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Story summary

U.S. President Donald Trump announced a White House meeting with Vas Narasimhan, Novartis CEO.
Trump said Narasimhan informed him Novartis planned 11 U.S. plants because of tariffs.
A Novartis spokesperson confirmed plans to expand manufacturing and research facilities, including sites in North Carolina, California, and Florida.
Last year, Novartis pledged $23 billion to develop 10 U.S. facilities after threats of drug import duties from the Trump administration.