By Andrea Shalal and Michael Erman WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday said he plans to announce tariffs on imported pharmaceuticals which could reach 200% but he would give drugmakers about one year “to get their act together.” “We’re going to give people about a year, a year and a half to …
Trump says pharmaceutical tariffs could reach 200% Read More »
By Jody Godoy (Reuters) -A U.S. appeals court blocked a rule that would have required businesses to make it as easy to cancel subscriptions and memberships as it is to sign up, saying the agency that created it did not follow protocol. The U.S. Federal Trade Commission, which passed the rule under former Democratic Chair …
US ‘click to cancel’ rule blocked by appeals court Read More »
By David Shepardson (Reuters) -Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget bill revised the rules. In May, Ford had sounded the alarm over the potential for the U.S. government to eliminate …
Ford says Michigan EV battery plant ‘on track’ for production tax credits Read More »
BUENOS AIRES/MEXICO CITY (Reuters) -Mexican headline inflation likely eased in June after rising for four straight months, though core inflation is expected to have kept climbing, fueling bets the central bank will slow the pace of interest rate cuts, a Reuters poll showed on Tuesday. The median forecast from 17 analysts projected an annual headline …
Mexico headline inflation seen easing in June with core rate climbing: Reuters poll Read More »
(Reuters) -Trump Media & Technology Group is looking to launch an exchange-traded fund that will invest in multiple crypto tokens, including bitcoin, ether, solana and ripple, a filing with the U.S. markets regulator showed on Tuesday. (Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
(Corrects the total U.S. Eli Lilly investments since 2020 to $23 billion, instead of $23 million, in paragraph 21) By Jarrett Renshaw (Reuters) -Within hours of taking office in January, President Donald Trump boasted about attracting $3 trillion in new corporate investments to the United States. Since then, Trump has said the investments have swelled …
‘Trump Effect’ website takes credit for US investment made under Biden Read More »
LONDON (Reuters) -Copper prices in the United States jumped more than 12% to a record high above $12,330 per metric ton after U.S. President Donald Trump said he would announce a 50% tariff on imports of the metal on Tuesday. Trump told reporters at a White House cabinet meeting that he planned to make the …
COMEX copper hits record after Trump says he will impose 50% tariff on copper imports Read More »
By Lewis Krauskopf, Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -Three months after President Donald Trump’s sweeping global tariffs led markets to plunge and then rebound ferociously, investors are grappling with the fallout from the still-shifting trade backdrop and adjusting strategies to withstand sudden policy shifts. Among the lessons for investors from Trump’s …
Investors put ‘Liberation Day’ lessons to work, scarred by tariff tumult Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -JPMorgan Chase is hiring Guggenheim Securities executive Mike Amez, as the country’s biggest bank continues to expand its technology investment banking team and to provide specific expertise to medium-sized companies, according to a staff memo. Amez will join as Head of Mid-Cap Technology Services in September and be based …
JPMorgan expands tech team with Guggenheim veteran, memo says Read More »
WASHINGTON (Reuters) -The Trump administration on Monday wound down a license allowing shipments of liquefied petroleum gas (LPG) to Venezuela’s state energy company Petroleos de Venezuela SA (PDVSA), the U.S. Treasury Department said on Monday. Offloading of LPG is allowed until September 5, provided that the gas was loaded on a vessel on or before …
US winds down exports of LPG to Venezuela, Treasury says Read More »
