The Trump administration has been trying to build up the U.S. battery supply chain and reduce its reliance on China. But the funding it has set aside for the effort is small compared with what would be needed to substantially loosen China’s grip on the industry, according to analysts and executives who spoke with CNBC. …
A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. Kacper Pempel | Reuters Security audits weren’t enough to keep many cryptocurrency platforms safe from money-losing hacks, crypto market data site CoinGecko said in a report dated Aug. 27. Between January 2025 and…
ASML’s Assia Haddou shows CNBC’s Katie Tarasov a High NA chipmaking machine in Veldhoven, Netherlands, on April 24, 2025. Magdalena Petrova Samsung and TSMC, the world’s two biggest chipmakers, have committed to using ASML‘s High NA extreme ultraviolet (EUV) lithography machines, as demand grows for more advanced chips. ASML’s EUV lithography machines are critical tools…
FILE PHOTO: The logo of Swiss drugmaker Novartis is seen at the company’s new cell and gene therapy factory in Stein, Switzerland, November 28, 2019. Arnd Wiegmann | Reuters Novartis shares tanked 10% on Tuesday after the pharmaceutical giant said its del-desiran drug for muscle-wasting disorder failed in a late-stage trial. The company’s stock was…
A truck crosses into the United States on the Gordie Howe International Bridge, connecting Windsor, Ontario, and Detroit, Michigan, on September 6, 2025. Jeff Kowalsky | Afp | Getty Images Canada’s retaliatory tariffs on a swathe of U.S. goods took effect on Tuesday after trade talks collapsed last month, as relations between Washington and Ottawa…
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil prices extended gains Tuesday and were hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend. Futures for international benchmark Brent crude for November delivery gained…
Blood sample for a lipoprotein(a) test. Md Babul Hosen | Istock | Getty Images Novartis‘ failure in a closely watched cardiovascular trial has raised questions about one of the pharmaceutical industry’s biggest drug races and rival treatments from U.S. heavyweights Amgen and Eli Lilly. The pelacarsen drug, developed jointly with Ionis Pharmaceuticals, reduced a particularly…
A trader works on the floor of the New York Stock Exchange. NYSE Global markets have shrugged off a barrage of shocks in recent years, but HSBC sees several developments that could eventually end that streak. The key risks include higher corporate taxes, a renewed rise in private-sector debt and a shift in the relationship…
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s trade gained pace in August, though…
A flag adorns the ArcelorMittal Dofasco steel plant as trade tensions escalate over U.S. tariffs and retaliatory measures by Canada in Hamilton, Ontario, Canada, Aug. 24, 2026. Carlos Osorio | Reuters Iran hit out at Canada for supporting U.S. actions in the Strait of Hormuz, calling Ottawa’s moves “a display of strategic confusion and submission…
