Evan Seigerman, BMO, joins ‘Fast Money’ to talk the impact of tariffs on pharma space. Source link
Author: usaeverydaylife
The average Major League Baseball team is worth $2.62 billion, according to CNBC’s official MLB valuations. The New York Yankees, worth $8 billion, are MLB’s most valuable team, according to CNBC’s valuations. Among all North American sports franchises, the Yankees rank behind only the National Football League’s Dallas Cowboys, worth $11 billion, and the National Basketball Association’s Golden State Warriors, worth $9.4 billion, according to CNBC’s valuations. The NFL’s Los Angeles Rams are also valued at $8 billion, according to CNBC’s calculations. After adjusting for revenue sharing, the Yankees posted an MLB-high $705 million in revenue during the 2024 season, according to…
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence, along with a more competitive chip market, will eventually bring down costs around the technology.”AI does not have to be as expensive as it is today, and it won’t be in the future,” Jassy wrote.Jassy said more price-performant chips, along with improvements in “model distillation, prompt catching, computing infrastructure, and model architectures” will over time reduce the “cost per unit in AI,” which will “unleash AI being used as expansively as customers desire.”He likened it to the company’s cloud juggernaut,…
When his name was finally called, after he’d wiped the tears away once more, Luka Dončić walked through the tunnel of players. But Markieff Morris, the 14-year NBA veteran, knew exactly what his teammate of the last couple of seasons needed.A hug.Morris, pivotal in the culture of the Dallas Mavericks during last year’s NBA Finals run, emerged from the shadows and into the spotlight following Dončić. With open arms and a smile, Morris embraced the 26-year-old superstar. Dončić rested his head on his teammate’s shoulder as Morris consoled him with closed fist pats on his back.As guarded as Dončić can…
A Spanish executive who died along with four members of his family in a helicopter crash near New York City on Thursday was a top Siemens official whose international career was celebrated in his homeland.The Consulate General of Spain in New York confirmed on Friday that five Spanish citizens — two parents and their three children — had died in the crash. Spanish officials identified the executive as Agustín Escobar.Officials have not named his wife or their children.President Pedro Sánchez of Spain described the accident — in which a sightseeing helicopter plunged into the Hudson River, killing everyone onboard —…
These are the stocks posting the largest moves in premarket trading. Source link
Apple shares pulled back on Thursday after President Donald Trump escalated his stance on tariffs against China, raising questions on just how hard the iPhone maker could be hit. On Thursday, the megacap technology name dropped nearly 5% in afternoon trading, reversing some of the more than 15% gains seen in the previous session. Wednesday’s jump came after Trump said he was temporarily reducing his new tariff rates on imports from most countries to 10% for 90 days. However, Trump also hiked his levies on Chinese imports, effectively bringing the U.S. tariff rate on that country to 145% , a…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
U.S. President Donald Trump and Secretary of State Marco Rubio at the White House, in Washington, D.C., U.S., March 24, 2025.Carlos Barria | ReutersThe Trump administration imposed sanctions on Iranian oil trading networks Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran Saturday in Oman. President Donald Trump said on Monday that Iran would be in “great danger” if the talks were unsuccessful.The U.S. imposed sanctions on Guangsha Zhoushan Energy Group Co, LTD that it said operates a crude oil and petroleum products terminal on Huangzeshan Island in Zhoushan, China. The terminal knowingly engaged with oil from Iran, and is directly…
Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers.”I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with,” Jassy said in an interview with CNBC’s Andrew Ross Sorkin. “I think they’ll try and pass the cost on.”Amazon’s third-party marketplace is made up of millions of sellers, many of which are based in China or source their products from the region. Third-party sellers now…
