Pharma's support of Trump's drug pricing plan is fraying

Pharma’s support of Trump’s drug pricing plan is fraying

Last quarter, Pfizer Chief Ian Read was upbeat on the Trump administration’s plan to lower drug prices, even after a Trump tweet that led to his company deferring planned price increases. Now, after a set of proposals counter to the industry’s interests leading into the midterm elections, Read’s support sounds as if it may be […]

Cramer breaks down why Trump's tariffs aren't working for steelmakers

Cramer breaks down why Trump’s tariffs aren’t working for steelmakers

President Donald Trump’s 25 percent tariffs on steel imports were supposed to be a boon for steelmakers. But now that they’re starting to take effect in a tangible way, they’re not exactly working, CNBC’s Jim Cramer said Thursday. “The tariffs aren’t helping the steel industry; in fact, they may be hurting the steel industry,” the […]

Shoppers at a Target store in Culver City, California.

Target ‘deeply troubled’ over Trump’s tariffs, as retailers push back

Tritton said the import taxes would raise the prices on basic family necessities such as cribs and infant car seats — and even raise the costs of sending a child to college because of the higher duties on desks, bookshelves and other dorm room needs. Dollar Tree CEO Gary Philbin argued for dozens of exemptions […]

Donald Trump

Trump’s tariff threats on China could hit hospital IT shops

President Trump on Wednesday threatened to add new import taxes on an additional $257 billion of Chinese goods to the $200 billion established on Monday. This was in response to China on Tuesday announcing plans to impose new tariffs on $60 billion in U.S. exports. Even though it’s only a threat at this point, rather […]

Apple says Trump's China tariffs are going to hurt the company

Apple says Trump’s China tariffs are going to hurt the company

“It is difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the Government’s objectives with respect to China’s technology policies,” Apple said in the letter. “We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the U.S. economy and U.S. consumer […]