Wake Up to Money The CEO of Sandoz speaks to Wake Up to Money
Aug 8, 2025
Richard Saynor, CEO of Sandoz, shares insights on how U.S. tariffs are reshaping the pharmaceutical landscape, particularly in generic drug production. He discusses manufacturing decisions influenced by trade policies and the challenges faced in a competitive market. Frances Coppola, an independent economist, analyzes the recent interest rate cuts and their implications for UK households. The podcast also explores the booming trend of staycations and the evolving dynamics in both travel and manufacturing sectors, highlighting the broader economic landscape.
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Sandoz and US Tariffs
- The 10% US tariff won't induce Sandoz to build US manufacturing due to costs and complexity.
- The niche expertise and competitive advantage keep manufacturing primarily in the UK.
Bank of England Rate Cut Dilemma
- The Bank of England's cut to 4% reflects tension between fighting inflation and stimulating growth.
- The economy faces stagnation alongside sticky inflation, resembling modern stagflation.
Sector Variance in Consumer Spending
- Consumer purchases vary by sector; luxury automotive is down, essential consumables like razors are booming.
- Economic caution influences buying habits differently across product types.