The CEO of Swiss pharmaceutical company Novartis said Saturday that it has enough stockpiles in the US to withstand any potential tariffs from President Trump, Reuters reported. Pharmaceuticals are exempt from the 39% tariffs Trump slapped on Switzerland in August, but an EU trade deal reached in July includes a 15% tariff on most drugs,…
By Andrew MacAskill LONDON (Reuters) -The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump‘s unprecedented second state visit this week, as the UK hopes to finalise steel tariffs under a much-vaunted trade deal. Trump and his wife, Melania, will be treated to a display of…
By Andrew MacAskill LONDON (Reuters) -The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump‘s unprecedented second state visit this week, as the UK hopes to finalise steel tariffs under a much-vaunted trade deal. Trump and his wife, Melania, will be treated to a display of…
By Siddharth Cavale NEW YORK (Reuters) -Prices for goods made in China and sold on Amazon.com (AMZN) have been rising faster than overall inflation, according to an analysis of 1,400 different products conducted exclusively for Reuters by the analytics firm DataWeave, a sign that tariffs are starting to hit American consumers. The analysis shows that…
A look at the day ahead in U.S. and global markets from Mike Dolan Old and new economy stocks keep Wall Street pumped up this week as tech and steel sectors advance on a mix of tariff news and an artificial intelligence buzz, with Treasuries in thrall to Federal Reserve boss Jerome Powell’s latest trip…
Stocks Are Trading Sideways in a Pivotal Week Stocks are marking daily gains, but it’s nothing to write home about as investors await an update on tariffs while readying for a packed week of economic data. The S&P 500 was up 0.8% while the tech-heavy Nasdaq was up 1.2%. Short-term traders are probably not happy…