President Trump takes fresh aim at the pharmaceutical sector, with a plan to levy 100% tariffs on generic drugs as he targets key areas ahead of the midterms.
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Hello, this is Leonie Kidd coming to you from London.
A busy day for investors with a fresh tariff threat from the White House, more moving and shaking in the AI space, tension in Iran and another massive set of earnings on Wall Street.
Read on!
President Donald Trump says the United States will raise tariffs on generic drugs to 100% in 2028, and 200% thereafter.
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Trump threatens tariffs on imported generic drugs
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Trump floats countdown to 200% tariffs on generic drugs imported to US
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Pharma stocks slide as Trump's 100% generic drug tariff plan spooks investors
Trump announces plan for 200% tariffs on imported generic drugs
Trump announces new generic drugs tariff plan: No tariffs for 2 years, then 100%, and then 200%
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U.S. equities remain resilient, as investors positioned themselves ahead of Big Tech earnings.
Just as AI steps away from the spotlight, tariffs entered the stage, like the next act in a Shakespearean play.
On Wednesday, Trump posted a fresh slate of letters announcing tariff on goods from at least seven more countries.
Trump's tariff announcement wiped out almost $800 billion from major tech firms, with the S&P 500 and Nasdaq Composite falling…
The crux is that spending on artificial intelligence isn't going to slow down, at least for the next year, thanks to increasing…
