Hours after President Donald Trump imposed 100% tariffs on pharmaceuticals with exemptions for companies building manufacturing plants in the U.S., Eli Lilly (NYSE:LLY) and Amgen (NASDAQ:AMGN) announced their latest investments in their home country. Lilly announced the opening of its ...

BREAKING: Inflation Data Cements Rate Cut Expectations President Donald Trump delivered the pharmaceutical industry another blow this week, threatening 100% tariffs on companies who don't have a manufacturing presence in the U.S. In a post on social media platform Truth Social, Trump said the administration will impose a 100% tariff starting Oct. 1 "on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America." The post adds to the fast- ...

BREAKING: Inflation Data Cements Rate Cut Expectations President Donald Trump delivered the pharmaceutical industry another blow this week, threatening 100% tariffs on companies who don't have a manufacturing presence in the U.S. In a post on social media platform Truth Social, Trump said the administration will impose a 100% tariff starting Oct. 1 "on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America." The post adds to the fast- ...

Frederic J. Brown /AFP / Getty Images Some economists expect inflation to peak in December and then fade in 2026 as tariff-related price hikes cease. Key Takeaways Forecasters expect inflation to accelerate in the last part of the year as more companies pass the costs of President Donald Trump's tariffs on to customers. A survey of professional forecasters called for a the Consumer Price Index to rise 3% over the year in the fourth quarter, an acceleration from 2.9% in August. Some economists expect ...

Let's begin in Washington where the president announcing new tariffs impacting trucks, furniture, and the pharma market. Our Aean Jabber is in DC with more. Hey, Aean.>> Carl, that's right. President Trump announced a slate of new tariffs late yesterday focused on pharmaceuticals and trucks as the big headline. He said the US is going to impose a 100% tariff on any branded or patented pharmaceutical product entering the country.That'll begin on October 1st. But that will not apply to companies that are buil ...

LOGIN SUBSCRIBE | FastCo Works IBM Texas A&M University advertisement BYÂ Michael Grothaus Listen to this ArticleMore info 0:00 / 0:00 Don't look now, but President Trump just issued more sweeping tariffs. This latest round stands to affect two groups particularly hard: homeowners and furniture and home furnishing companies. That's because the new round of Trump's tariffs will see up to 50% fees applied to kitchen cabinets and upholstered furniture imported into the United States. Here's what you need to kn ...

RH (NYSE: RH) stock traded lower Friday as the home furnishings retailer faced fresh tariff headlines and updated its manufacturing and spending plans for the coming years. U.S. President Donald Trump unveiled new import levies, including a 100% duty on branded or patented drug imports beginning Oct. 1 unless companies build in the United States, plus a 25% tariff on heavy-duty trucks and a 50% tariff on kitchen and bathroom cabinets, reports BBC. He also said the U.S. will impose a 30% duty on upholstere ...

RH (NYSE: RH) stock traded lower Friday as the home furnishings retailer faced fresh tariff headlines and updated its manufacturing and spending plans for the coming years.U.S. President Donald Trump unveiled new import levies, including a 100% duty on branded or patented drug imports beginning Oct. 1 unless companies build in the United States, plus a 25% tariff on heavy-duty trucks and a 50% tariff on kitchen and bathroom cabinets, reports BBC.He also said the U.S. will impose a 30% duty on upholstered fu ...

Shares of Wayfair Inc (NYSE:W) and RH (NYSE:RH) are reacting to President Donald Trump's tariff updates and inflation data that was in line with estimates. Specifically, the Trump administration announced a 50% levy on kitchen cabinets and bathroom vanities made abroad, as well as a 30% tariff on upholstered furniture. W is up 0.9% to trade at $85.71 at last check, reversing premarket losses after snapping a three-day losing streak yesterday. The security sports a 92.3% year-to-date lead, and has been testi ...

Welcome to Yahoo Finance flagship show, The Morning Brief. I'm Julie Heyman. Let's get the three things you need to know today.President Trump following through on his threats to slap tariffs on heavy trucks, furniture, and pharmaceuticals. For homegoods, two different tariff rates will go into effect next week. A 50% rate on items like kitchen cabinets, and a lower 30% rate on upholstered furniture.The news weighing on furniture companies this morning. But there's a big loophole for the drug makers. As lon ...