KEY TAKEAWAYS Swiss drugmaker Roche said it plans to invest $50 billion in the U.S. over the next five years, creating more than 12,000 jobs. The move makes Roche the latest in a string of large companies boosting their presence in the country since President Donald Trump came into office.

The Basel-based company said the investment would go toward high-tech research and development sites and new manufacturing facilities in places including Massachusetts, California, Indiana, and Pennsylvania.

Swiss drugmaker Roche (RHHBY) announced its decision to invest $50 billion in the U.S. towards pharmaceuticals and diagnostics over the next