Notice of Request for Public Comments on Section 232 National Security Investigation of Imports of Personal Protective Equipment, Medical Consumables, and Medical Equipment, Including Devices

BIS ruleInvestigation openedFederal Register 25/09/26Open the original

Summary

The Secretary of Commerce opened a Section 232 investigation on September 2, 2025, into imports of personal protective equipment, medical consumables and medical equipment including devices; BIS requests comments by October 17, 2025.

By industry

Healthcare & Drug Pricing1 trading day+0.8%p15 stocks5 trading days+5.2%p15 stocks20 trading days+5.6%p15 stocks
“personal protective equipment (PPE), medical consumables, and medical equipment including devices”

Day by day after the announcement

Healthcare & Drug Pricing stocks and the S&P 500 after the announcement, cumulative %
Day	Healthcare & Drug Pricing stocks	S&P 500
25/09/25	0.0%	0.0%
25/09/26	+1.3%	+0.6%
25/09/29	+1.7%	+0.8%
25/09/30	+4.0%	+1.0%
25/10/01	+7.2%	+1.6%
25/10/02	+6.9%	+1.7%
25/10/03	+7.4%	+1.7%
25/10/06	+6.8%	+2.1%
25/10/07	+7.5%	+1.8%
25/10/08	+7.6%	+2.3%
25/10/09	+7.5%	+1.9%
25/10/10	+6.5%	−1.4%
25/10/13	+6.3%	+0.7%
25/10/14	+6.6%	+0.6%
25/10/15	+6.7%	+1.1%
25/10/16	+5.7%	+0.3%
25/10/17	+7.3%	+1.0%
25/10/20	+8.3%	+2.1%
25/10/21	+8.5%	+2.0%
25/10/22	+8.2%	+1.5%
25/10/23	+7.7%	+2.1%

Korean stocks in these industries

Samsung Biologics 207940
Celltrion 068270
SK Biopharmaceuticals 326030

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$83M
101,112 sh
$83M
Filed 25/10/03
Traded 25/10/02
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$69.1M
90,501 sh
$69.1M
Filed 25/10/01
Traded 25/09/30
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$54.2M
63,849 sh
$54.2M
Filed 25/10/07
Traded 25/10/06
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$30.7M
36,114 sh
$30.7M
Filed 25/10/09
Traded 25/10/08
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$30.4M
39,863 sh
$30.4M
Filed 25/09/19
Traded 25/09/18
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$26.1M
31,102 sh
$26.1M
Filed 25/10/06
Traded 25/10/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$23.8M
28,063 sh
$23.8M
Filed 25/10/07
Traded 25/10/06
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$22.7M
26,795 sh
$22.7M
Filed 25/10/08
Traded 25/10/07
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$21.5M
25,296 sh
$21.5M
Filed 25/10/09
Traded 25/10/08
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$20.6M
24,495 sh
$20.6M
Filed 25/10/06
Traded 25/10/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$20.4M
26,647 sh
$20.4M
Filed 25/09/19
Traded 25/09/18
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$19.5M
22,960 sh
$19.5M
Filed 25/10/07
Traded 25/10/06
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$19.2M
23,151 sh
$19.2M
Filed 25/10/02
Traded 25/10/01
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$19.1M
22,843 sh
$19.1M
Filed 25/10/06
Traded 25/10/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$17.6M
23,067 sh
$17.6M
Filed 25/09/19
Traded 25/09/18
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$17.5M
22,965 sh
$17.5M
Filed 25/09/22
Traded 25/09/19
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$15.7M
18,986 sh
$15.7M
Filed 25/10/02
Traded 25/10/01
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$15.4M
18,710 sh
$15.4M
Filed 25/10/02
Traded 25/10/01
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$15.4M
18,132 sh
$15.4M
Filed 25/10/09
Traded 25/10/08
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$15M
18,465 sh
$15M
Filed 25/10/02
Traded 25/10/01