Trump 200% pharma tariffs threaten to push up drug prices, hit margins

Shelf of pharmaceutical products. D3sign | Moment | Getty Images The pharmaceutical industry is scrambling with scenario planning as U.S. President Donald Trump’s 200% tariff proposal threatens to drive up drug prices and rip out corporate profit margins. The president once again warned on Tuesday that long-awaited industry-wide tariffs would be announced “very soon” after…

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How OPEC’s seminar played out

The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna. Ruxandra Iordache | CNBC For centuries, Vienna’s romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of analysts traders and more. Here are some highlights: The…

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Wenger defends Club World Cup amid Klopp criticism

July 10, 2025, 09:56 pm ET Arsen Venagar called the tournament a “spectacular competition” and has rejected the criticism of FIFA’s 32-Team Club World Cup, FIFA’s 32-Team Club World Cup, emphasizing the support from the participating teams, players and managers. Clop, former Liverpool Manager, described as expanded summer competition “The worst idea ever invented” Die…

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