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In an unexpected announcement that has sent the share British pharma major GSK higher by more than 3 percent during trade in London stock exchange, the Chief Executive Office Emma Walmsley is stepping down after an almost nine-year tenure, and will be replaced by Chief Commercial Officer Luke Miels, who will take over with effect from January 1, GSK said on September 29.

Shares of GSK Pharma , a listed Indian healthcare company part of the British multinational company fell sharply after the announcement, but steadied soon after, to trade lower by a quarter of a percent.

The development comes at a time when US President Trump has announced fresh tariffs on global brande

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