SEIZED OZEMPIC, WEGOVY AND OTHER WEIGHT LOSS DRUGS AT JFK AIRPORT’S INTERNATIONAL MAIL FACILITY.CNBCCOPENHAGEN, Denmark — Europe’s pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by U.S. President Donald Trump fade.The pharmaceutical industry has until now been exempt from trade levies, but Trump confirmed last week that he would soon impose tariffs on the sector.Drugmakers are now lobbying the president for a phased approach to duties on imports to the U.S., Reuters reported Tuesday, citing four sources familiar with the discussions. The sources said the levies may not be announced Wednesday…
Author: usaeverydaylife
A Taiwanese military corvette sails as a Navy soldier stands guard on a vessel, during a Navy Drill for Preparedness Enhancement ahead of the Chinese New Year, amid escalating Chinese threats to the island, in Keelung, Taiwan, 7 Jan, 2022. Ceng Shou Yi | Nurphoto | Getty ImagesThe U.S. on Wednesday reaffirmed its commitment to supporting Taiwan as China extended to a second day its large-scale military exercises off the coast of the democratically governed island.”In the face of China’s intimidation tactics and destabilizing behavior, the United States’ enduring commitment to our allies and partner, including Taiwan, continues,” Tammy Bruce, U.S. Department…
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025.Ole Berg-rusten | Afp | Getty ImagesNorway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense firms, with opposition parties describing a longstanding ban as “illogical” in the current security landscape.Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has been prevented from taking stakes in companies that produce critical components for nuclear weapons since the early 2000s.Under ethical guidelines, the…
China held military exercises around Taiwan for a second day on Wednesday, sending warships and fighter planes near the island in what Beijing said was a warning to its president, Lai Ching-te, after he called China a “foreign hostile force.”The second day of exercises would focus on the Chinese military’s abilities to control and seal off seas and skies around Taiwan, Senior Col. Shi Yi, a spokesman for the People’s Liberation Army regional command that oversees Taiwan, said in a statement. Senior Colonel Shi also said that in the East China Sea — farther from Taiwan — Chinese forces held…
CNBC’s Jim Cramer said on Tuesday that potential 20% tariffs on all U.S. imports would hurt the economy and fail to solve the problems President Donald Trump is trying to address with the duties.Although Trump’s exact tariff plans remain unknown ahead of their expected announcement on Wednesday — what Trump has called “liberation day” — White House aides have drafted a proposal to slap a roughly 20% tariff on most imports to the U.S., The Washington Post reported Tuesday.”Speaking as someone who’s not a fan of free trade, I have to be honest here: A 20% across-the-board tariff on almost…
Kirill Dmitriev, head of Russia’s sovereign wealth fund, speaks to a member of the media on the sidelines of the US-Russia meeting at Riyadh’s Diriyah Palace, Saudi Arabia, on February 18, 2025.Evelyn Hockstein | Afp | Getty ImagesA key Kremlin negotiator is expected in Washington this week for talks with U.S. President Donald Trump’s administration, two sources familiar with the plan said, the most senior Russian official to visit since Moscow invaded Ukraine in 2022.Kirill Dmitriev, the chief of Russia’s sovereign wealth fund, who was appointed by President Vladimir Putin as special investment and international economic envoy, will meet with…
Judge Susan Crawford, the Democrat-backed nominee for the Wisconsin Supreme Court, during the final stop of the Common Sense Justice Tour ahead of the Wisconsin Supreme Court election in Madison, Wisconsin, US, on Monday, March 31, 2025.Jim Vondruska | Bloomberg | Getty ImagesSusan Crawford has won a seat on the Wisconsin Supreme Court, NBC News projects, allowing liberals to maintain their narrow majority on the battleground state’s highest court — and defying Elon Musk after he spent millions of dollars to oppose her.Crawford, a Dane County circuit judge who was backed by Democrats, secured a 10-year term on the court…
Secretary of State Marco Rubio has ordered diplomats overseas to scrutinize the social media content of some applicants for student and other types of visas, in an effort to bar those suspected of criticizing the United States and Israel from entering the country, U.S. officials say.Mr. Rubio laid out the instructions in a long cable sent to diplomatic missions on March 25.The move came nine weeks after President Trump signed executive orders to start a campaign to deport some foreign citizens, including those who might have “hostile attitudes” toward American “citizens, culture, government, institutions or founding principles.”Mr. Trump also issued…
The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly is suing two pharmacies for compounding Zepbound and Mounjaro, claiming the companies are skirting the Food and Drug Administration’s ban on the practice and luring people away from Lilly’s medicines.In lawsuits filed Tuesday in Delaware and New Jersey, Lilly alleges the two companies — Strive Pharmacy and Empower Pharmacy — are falsely marketing their products as personalized versions of the drugs that have been clinically tested and are made using stringent safety standards. Lilly argues these…
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images The dread of something bad happening is usually more severe than the event itself (such as heading back to work after a holiday).This could well be the case for U.S. President Donald Trump’s wide-ranging tariff plan. Even though Trump initially described it as “reciprocal tariffs,” implying that the U.S. would match other countries’ import levies, the White House is reportedly considering a 20% charge on most goods and services. The figure sounds high,…
