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Novartis announced a $12 billion all-cash acquisition of Avidity Biosciences, gaining access to RNA-based therapies for rare muscle disorders. The move aligns with the company’s broader push into gene and precision-medicine platforms as it faces upcoming patent expirations on key blockbuster drugs.
President Donald Trump revealed plans for an additional 100% tariff on Chinese imports, bringing the total tariff to 130%.
Google owner Company Alphabet has unveiled a massive £5bn AI investment. Discover its implications.
Canada is rolling back a swath of retaliatory tariffs on U.S. imports effective September 1, lifting the 25% levy on many goods that comply with the existing free trade pact. Ottawa frames the move as a de-escalation ahead of next year’s CUSMA/USMCA review and a way to restart negotiations after a productive call between Prime Minister Mark Carney and President Donald Trump. Key sectors—autos, steel, and aluminum—remain protected with 25% tariffs for now. Consumers should see lower prices on items like orange juice and appliances, while import-reliant small businesses welcome relief. Labor groups and heavy industry, however, warn that maintaining pressure is essential as talks proceed.
Donald Trump backed down from a planned 250% tariff on EU pharmaceuticals. The new US-EU trade deal caps tariffs on medicines and semiconductors at 15%, while further reductions depend on Europe lifting duties on American industrial goods.
Trump tarrifs are set to cost Toyota $9.5 billion in revenue this year. The Japanese automaker is set to be among the worst impacted by Trump’s policies.
Columbia University agreed to pay $220 million in a deal with the Trump administration. This deal happened after claims that Columbia did not keep Jewish students and teachers safe from antisemitism. The settlement is about more than just the money.
Coca-Cola is at the center of a new controversy after Donald Trump claimed the company will replace corn syrup with real cane sugar in its U.S. drinks. While Coca-Cola hasn’t confirmed a recipe change, Trump’s announcement has already shaken markets, sparked debate over health and jobs, and reignited questions about what’s really in your soda.
Discover the effects that Trump’s trade war and new taxes are having on UK’s already struggling economy
Witness the impact of Trump tariffs as global stocks slide sharply. Stay informed on market trends with our latest blog.