Latest in Trump tariffs could raise medication costs and exacerbate shortages, drug trade groups warn
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UPS could help end the ‘freight recession’ this year. It may have to raise prices first.
Analysts say deregulation, lower taxes under Trump could spur small-business investments and more shipments — but tariffs could weigh down volumes.MarketWatch - Jan. 16 -
‘TARIFFS all the way!!!’: EU mulls carrots and sticks to counter Trump on trade
Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation. If there is one thing the EU knows about Donald Trump, it is that he loves tariffs. ...The Guardian - Jan. 16 -
Medicare's new $2,000 cap on out-of-pocket drug costs could save patients thousands, AARP says
The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.CNBC - Jan. 16 -
FTC sues Deere, alleging equipment repair 'monopoly' raises costs for farmers
The Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.CNBC - Jan. 16 -
Canada warns of ‘tit-for-tat’ tariffs on US if Trump imposes levies
Ottawa’s energy minister calls trade tensions a ‘distraction’ from China’s rising economic and military powerFinancial Times - Jan. 15 -
Defending Michigan’s Auto Industry, Whitmer Warns of Tariff Risks
Gov. Gretchen Whitmer addressed the Detroit Auto Show, saying that tariffs should not be used “to punish our closest trading partners,” like Canada.The New York Times - Jan. 15 -
Gilt investors warn Reeves she may need to raise taxes
Chancellor seeks to reassure bond market after UK borrowing costs rose to highest level since financial crisisFinancial Times - Jan. 15 -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - Jan. 13 -
FEMA administrator warns winds could make wildfires 'dangerous and strong again’
FEMA Administrator Deanne Criswell on Sunday warned that winds could worsen the wildfires in the coming days, as she urged residents to heed public advisories to stay far away from their homes. ...The Hill - Jan. 12 -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - Jan. 12 -
Logistics groups move Chinese staff to help companies tackle Sino-US trade tensions
DHL, Ceva Logistics and Kuehne+Nagel are redeploying Mandarin speakers to help China’s manufacturers set up overseasFinancial Times - Jan. 12 -
Trump Wants to Buy Greenland, But How Much Would It Actually Cost?
President-elect Donald Trump wants to buy the territory from Denmark, which says it’s not for sale. DealBook asked experts how they’d approach the deal.The New York Times - Jan. 11 -
Threat of Trump tariffs adds to global economic uncertainty, IMF warns
Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the worldFinancial Times - Jan. 10 -
High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups
Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.CNBC - Jan. 10 -
What the end of Meta's fact-checking could mean for health, medical misinformation
Meta announced this week it was ending third-party fact-checking and moving towards community notes. Some experts fear it could lead to a rise in health misinformation.ABC News - Jan. 10 -
Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business
Flood of cheaper products could hit an industry already struggling with stagnant post-pandemic demandFinancial Times - Jan. 10 -
Ontario leader warns of ‘pain’ for US if Trump imposes tariffs on Canada
Premier of most populous province says rhetoric clouds trade relationship worth hundreds of billions of dollars. The United States will “feel pain” if Donald Trump doesn’t back down from his ...The Guardian - Jan. 10 -
Trudeau says he joked about a trade for Vermont or California when Trump raised annexing Canada
Canadian Prime Minister Justin Trudeau said he jokingly suggested a trade for Vermont or California in response to President-elect Donald Trump's signaling an interest in annexing Canada.NBC News - Jan. 9 -
U.N. Raises Global Growth Forecast, but Warns of Potential Inflation Risks
An increase in trade barriers would likely reignite price pressures, the organization says ahead of Trump’s plan to impose new tariffs.The Wall Street Journal - Jan. 9 -
UK charity that raised funds for Israeli soldier given warning
Regulator acts over complaints about fundraising activity as trustees fail to explain how IDF individual spent the donationFinancial Times - Jan. 9 -
Tesco and M&S warn of rising costs but pledge to minimise price increases
Shares in retailers fall despite positive Christmas tradingFinancial Times - Jan. 9 -
Here’s how Trump could impose tariffs on Denmark in a bid to control Greenland
President-elect Donald Trump Tuesday threatened to place new tariffs on imports from Denmark unless the country gives up control of Greenland, news that dented the stocks of some of Denmark’s most ...MarketWatch - Jan. 9 -
California wildfires: deadly blazes continue to grow as officials warn of shortage of firefighters – latest updates
Tens of thousands of homes affected by ‘unprecedented’ fires in Los Angeles area; aircraft return to dropping water after winds grounded them. Visual explainer: why are the LA wildfires so ...The Guardian - Jan. 8 -
Ether ETF holders could see this popular trading strategy open up if Trump’s return goes the way they want
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.MarketWatch - Jan. 8 -
Predators Could Already Regret Offseason Red Wings Trade
The Nashville Predators traded Jesse Kiiskinen and a second-round pick to the Detroit Red Wings for Andrew Gibson in the offseason, but are they already regretting it?Yahoo Sports - Jan. 8 -
EU leaders warn Trump not to meddle with Europe’s borders
Comments from German Chancellor Olaf Scholz and French foreign minister follow US president-elect’s Greenland threatsFinancial Times - Jan. 8 -
Trump could declare national economic emergency to justify universal tariffs, CNN reports
The president-elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.CNBC - Jan. 8 -
Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live
Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...The Guardian - Jan. 8 -
The loyalty both Biden and Trump demand is costing America dearly
Pardoning those he called “patriots” and “political prisoners” would send a message — that loyalty to Trump comes with benefits.The Hill - Jan. 8 -
Ketamine could be reclassified as Class A drug
Illegal use of the drug reached record levels last year, the Home Office said.BBC News - Jan. 7 -
Consumers could face price rises of 20% in 2025, trade experts warn
Global instability and possibility of Trump administration imposing tariffs may disrupt flow of goods . The price of household staples including food and drink could climb by as much as 20% in 2025 ...The Guardian - Jan. 7 -
Schiff on Trump effort to block special counsel report: 'No shortage of nerve'
Sen. Adam Schiff (D-Calif.) said President-elect Trump has “no shortage of nerve” for asking Attorney General Merrick Garland to block the release of special counsel Jack Smith’s final report on ...The Hill - Jan. 7 -
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Trump confronts high trade deficits again as he weighs tariffs. But there’s no quick fix.
The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost twice as high as when he first took office as president eight years ago.MarketWatch - Jan. 7 -
Shortage of foster carers causing ‘very real’ UK crisis, Barnardo’s warns
Charity calls on government to launch national campaign amid rise in number of children entering care homes. ‘We’re very glad we’ve done it’: the Liverpool couple who fostered more than 40 ...The Guardian - Jan. 7 -
Nippon Steel chief warns Trump that tariffs alone will not strengthen US industry
Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administrationFinancial Times - Jan. 7 -
Fantasy Baseball Trade Fallout: Gavin Lux trade raises questions about Matt McLain's breakout chances
The Reds added Gavin Lux, which clears some things up in Los Angeles, but raises many more questions in CincyCBS Sports - Jan. 7 -
Trump’s tariff plans could devolve into hostile trading blocs, this expert says
President-elect Donald Trump may try to use tariffs to increase U.S. power in the global economy, but they likely will backfire and damage the U.S. economy, said Maurice Obstfeld, the former chief ...MarketWatch - Jan. 6 -
Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.
The companies have found plenty of new channels to the U.S. market — demonstrating the potential limits of the tariffs Donald Trump has promised to impose.The New York Times - Jan. 5
