Pharmaceutical actions flow like Trump says that “major prices” to come
20 minutes ago
The actions of several major pharmaceutical companies fell on Wednesday morning while President Donald Trump threatened tariffs on the industry.
Speaking at an event on Tuesday organized by the National Committee of the Republican Congress, Trump said that his administration “will quickly announce a major price on pharmaceuticals” in order to force companies to move manufacturing to the United States
“We are going to priced our pharmaceutical products, and once we do it, they are going to rush into our country because we are the big market,” Trump said on Tuesday. “The advantage we have on everyone is that we are the big market. So we will soon announce a major price on pharmaceutical products, and when they hear this, they will leave China, they will leave other places because they have to sell, most of their product is sold here.”
The actions of Astrazeneca (AZN), Pfizer (PFE), Eli Lilly (Lly), Novo Nordisk (NVO), Johnson & Johnson (JNJ), GSK (GSK) and Sanofi (SNY) all refused Wednesday morning
Pharmaceutical products were a sector exempt from large-scale prices announced last week, as well as semiconductors.
Trump quoted the desire to motivate companies to return manufacturing in the United States. Experts said the price increase and the potential recession could lead to the loss of numerous jobs before these potential manufacturing employment gains are performed.
–AARON MCDADE
That monitoring income from major banks
57 minutes ago
On Friday, American banks are starting to bring back their quarterly profits, investors will see if fears concerning prices hinder customer borrowing appetites and the ability to reimburse loans.
The results of the banks soon from the first quarter will be important, but the fallout of April 2, that President Donald Trump nicknamed the “Liberation Day”, could be more substantial. President Donald Trump’s tariff plans have increased the risk of recession and triggered sales on stock markets, complicating the prospects of the banking industry.
“Although the banks are not directly affected by the prices, they are exposed to all industries,” wrote Jason Goldberg, analyst at Barclays, in a note on Friday.
The last access to uncertainty hammered banking actions. The KBW NASDAQ bank index (BKX) is down around 18% this year until the end of Tuesday, exceeding the drop in the S&P 500 index, because investors fear that an economic slowdown makes it difficult for consumers and companies to repay debts. The KBW NASDAQ index of regional banks or KRX is on a similar amount.
Last week “completely upset” expectations for industry, Scott Siefers, bank analyst at Piper Sandler, wrote on Monday.
“We doubt that we will get all the answers we want with income, but at least banks will have the opportunity to meet the emerging backdrop and shape expectations,” said Siefers.
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–Rocha polo
Delta claims that growth “widely blocked” in the middle of uncertainty
28 min
The actions of Delta Air Lines (DAL) increased in pre-market trading on Wednesday after the budgetary budgetary results of the carrier in the first quarter are better planned than analysts did not expect.
Delta declared a profit adjusted by Action (BPA) of $ 0.46 on an operating turnover of $ 14.04 billion. The analysts interviewed by Visible Alpha had planned respectively $ 0.39 and $ 13.89 billion.
The airline has declared passenger income per mile of available 16.78 cents and a cost per mile of available siege of 19.69 cents; Analysts expected Delta to lose around 2.8 cents per passenger from ASM. Delta and Domestic Rivals United Airlines (UAL), American Airlines (AAL) and Southwest Airlines (LUV) were all profitable but lost flying money in 2024.
Delta said it expects the second quarter income to increase or decrease BPA by $ 1.70 to $ 2.30, below $ 2.41 consensus. The airline said that it did not affirm or updated annual projections for the moment “given the current uncertainty”.
“With a large economic uncertainty around global trade, growth has largely stopped,” said CEO Ed Bastian. “In this slower growth environment, we protect the margins and cash flows by focusing on what we can control.
Analysts said the new Trump administration’s new prices could push the American economy into a recession, which would be a great success for major airlines. UBS analysts wrote on Monday that they expected them to expect the airlines to suspend their annual perspectives in the midst of pricing uncertainty, while analysts of Bank of America said that they thought that the airlines will be conservative during their second quarter and their annual projections.
DELTA shares increased by 7% at the start of negotiations to carry out S&P 500 winners. They entered almost 50% on Wednesday on a record of $ 69.06 in early February.
–AARON MCDADE
Pressure apple in the middle of the Chinese
2 hours 4 min
Apple’s shares (AAPP) were slightly decreasing in the market prior to the market while China retaliated against the newly imposed American rates.
The action dropped by 5% on Tuesday, which caused the company to lose the company as more precious in the world by market capitalization. Before today’s session, the iPhone manufacturer has a market capitalization of less than 2.6 billions of dollars, compared to 2.65 billions of Microsoft software (MSFT).
Apple’s shares have lost 23% of their value in the four sessions since President Trump announced that it would increase the rate of the price on Chinese products as part of a large -scale plan to tax imports. After these levies entered into force during the night, China said this morning that it would increase its price on imports from the United States to 84%.
Apple, which brings together approximately 90% of its products in China, won exemptions during the American-Chinese trade war in the first Trump administration. It was unlucky this time.
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The concerns concerning the dependence of the company with regard to China made its most efficient actions of the Magnifiment Seven last week. Tesla (TSLA), the second player in the group, has decreased by around 21.5% since the announcement of Trump’s price. Amazon (Amzn), NVIDIA (NVDA) and Meta Platforms (META) all decreased between 12% and 13% over the same period, while Alphabet (Goog) and Microsoft dropped by 7.7% and 7.2%, respectively.
Apple’s subsidence has suffered nearly $ 775 billion on the market value of the company. It is more than Tesla’s market capitalization and more than those of all American companies except seven (including Apple itself).
–Colin Laidley
S&P 500 down 12% since the “Liberation Day”
2 h 51 min ago
The S&P 500 and Dow Jones Industrial Average are heading for Wednesday session on the sequences of four defeats.
The S&P 500 lost 12.1% from President Trump at the end of last Wednesday – a day when he said he was a “liberation day” – announced his intention to impose large prices on American business partners. The DOW abandoned 10.8% on this section of four sessions.
The Nasdaq Composite, which managed to eliminate slight winnings on Monday before dropping suddenly on Tuesday, dived by 13.3% in the last four days of negotiation.
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The main long -term stock market indices indicate steep drops
3 h 31 min
The term contracts linked to the industrial average of Dow Jones fell 2.2%.
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The term contracts on S&P 500 were down 2.1%.
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The term contracts on the NASDAQ 100 dropped by 1.9%.
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