European shares slide to 3-week lows as healthcare stocks hit; new US tariffs in focus

European markets slumped, with the STOXX 600 hitting a 3-week low, down 1% amid fresh U.S. tariffs on multiple countries.

Healthcare stocks led losses, falling 1.3% after Trump urged 17 pharma giants, including Novo Nordisk and Sanofi, to cut U.S. drug prices.

Denmark’s OMXC dropped 2.8%, hitting a near 2-year low; Germany’s DAX shed 1.1%.

Bright spots included Campari (+8.6%) on strong Q2 results and IAG (+2.1%) after solid transatlantic travel demand.