Trump unveils deals to lower costs of some weight-loss drugs
US President Donald Trump announced deals Thursday with pharmaceutical giants Eli Lilly and Novo Nordisk to lower the prices of some popular weight-loss drugs, in exchange for relief from threatened tariffs. Both companies “have agreed to offer their most popular GLP-1 weight-loss drug,” Trump said at the White House, “at drastic discounts.” “Eli Lilly and […]
Trump’s global tariffs to face challenge before Supreme Court
The US Supreme Court is set to hear arguments Wednesday on the legality of Donald Trump’s unprecedented use of powers for sweeping global tariffs in a case striking at the heart of the president’s economic agenda. Since returning to the White House, Trump has invoked emergency economic powers to impose “reciprocal” tariffs over trade practices […]
Trump tariffs on timber, furniture take effect
US President Donald Trump’s fresh tariffs on imported wood, furniture and kitchen cabinets took effect Tuesday, a development likely to fuel building costs and pile pressure on homebuyers in an already challenging market. The duties were imposed to boost US industries and protect national security, according to the White House, and they broaden a slate […]
Trump allies to control TikTok under new US deal
Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would see Chinese ownership reduced to 20 percent and put control in the hands of the president’s allies. At a signing ceremony at the White House, Trump said the US version of the app would […]
Trump urges Microsoft to fire ex-Biden administration official
US President Donald Trump called on Microsoft on Friday to fire its head of global affairs, Lisa Monaco, a former senior official in Democratic administrations. “It is my opinion that Microsoft should immediately terminate the employment of Lisa Monaco,” Trump said in a post on Truth Social. Since taking office in January, the Republican president […]
GSK switches CEO as Trump tariffs test pharma
British pharmaceutical giant GSK on Monday said longtime chief executive Emma Walmsley will be replaced by its chief commercial officer in January, as the company navigates US tariffs on the sector. Luke Miels will take over on January 1 from Walmsley, who will have been at the helm for almost nine years, GSK said in […]
Trump health misinformation swirls despite denial
From manipulated images to out-of-context photos, false claims that Donald Trump is seriously ill — or even dead — have swirled online, with the misinformation persisting even after the US president publicly rejected it on Tuesday. At a White House press conference, Trump dismissed social media rumors about his health as “fake news,” following the […]
Trump’s pick for US Fed governor vows to uphold independence
Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. “The Federal Open Market Committee is an independent group with a monumental task, and I intend to preserve that independence,” […]
Intel Reaches $8.9 Billion Deal to Sell U.S. Government a 10% Stake
In a move reminiscent of past government rescues of major industries, Intel has agreed to sell a 10 percent ownership stake to the U.S. government for $8.9 billion. The deal marks one of the most significant federal interventions in a private company since the auto industry bailout following the 2008 financial crisis. President Trump announced […]
Trump’s tariffs drown Brazil’s fish industry
When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Their final destination is now uncertain because of US President Donald Trump’s stiff tariffs. Fish are one of the Brazilian products subject to a whopping 50 percent levy imposed by Washington a week […]
