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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Judges rule against Trump appeal in E. Jean Carroll case

A federal appeal court on Thursday decided to maintain the decision of a jury, determining that President Trump had sexually abused and author E. Jean was guilty of defaming Carol. Three-judge panel released Mandate Despite the President’s efforts to appeal to the partial decision with Carol, to confirm the verdict of the previous district court,…

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DOJ opens investigation into Minnesota over hiring practices

The Department of Justice (DOJ) has opened an inquiry in Minnesota to determine whether the state, including the Minnesota Department of Human Services, are engaged in breed and sex-based discrimination in their hiring practices. The head of the DOJ’s Civil Rights Division, Assistant Attorney General Harmet. Dhillon said on Thursday, “Our investigation is based on…

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