The European STOXX 600 Personal Care, Pharmaceuticals & Food Retailers Index drops over 0.8%, hitting a new intraday low below 155.50 points.

After the United States launched a tariff investigation into German drug pricing, German Chancellor Merz anticipates that the U.S. will continue to honor its trade commitments with Europe. Decisions regarding drug reimbursement are domestic affairs for Germany, and the government will provide relevant information to the U.S. if necessary. After the close of U.S. stock trading on June 18, the United States criticized Germany's efforts to reduce drug prices, with U.S. Trade Representative Katherine Tai accusing Germany of "long-term low-price procurement of innovative drugs."