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AstraZeneca seeks US drug price cuts amid expansion plans, strong demand
July 29 (Reuters) - AstraZeneca AZN.L has proposed price cuts to its drugs in the United States, its CEO said on Tuesday, days after unveiling a $50 billion investment to expand there, as President Donald Trump pressures pharmaceuticals companies to lower costs.
Tue, Jul 29
COLUMN-Dollar shedding its tariff risk premium: Mike Dolan
By Mike Dolan LONDON, July 29 (Reuters) - The dollar's surge since the U.S.-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium - whether Washington wants that or not.The weekend's ...
Tue, Jul 29
Samsung Electronics shares extend gains after Tesla deal, but challenges remain
Samsung faces challenges in securing additional large customersMemory business needs considerable progress, analyst saysTesla deal could boost Samsung's Texas factory By Hyunjoo Jin and Zaheer Kachwala Seoul, July 29 (Reuters) - Shares in Samsung Electronics 005930.KS eked out small gains on...
Tue, Jul 29
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[Reuters Breakingviews] Samsung’s $16.5 bln Tesla coup comes with caveats
By Katrina Hamlin HONG KONG, July 29 (Reuters Breakingviews) - Samsung Electronics 005930.KS finally has some good news. In posts on his X social media platform on Sunday, Tesla TSLA.O CEO Elon Musk detailed that his carmaker has struck a $16.5 billion deal to buy state-of-the-art chips from the
Tue, Jul 29
China's yuan at one-week low; market awaits Sino-US talks, Politburo meet
SHANGHAI, July 29 (Reuters) - China's yuan touched a fresh one-week low against the dollar on Tuesday, pressured by the US currency's broad strength overseas after the US-EU trade deal, while investors anxiously await the outcome of trade talks between Beijing and Washington.The dollar jumpe...
Tue, Jul 29
South Korea in push for US trade deal to offer package including shipbuilding tie-up
Seoul officials in all-out push to secure trade deal before deadlineSouth Korea to propose package including cooperation in shipbuilding at Washington meeting, fin minLutnick says Seoul "really wants to get a deal" after officials met him in ScotlandBy Jihoon Lee SEOUL, July 29 (Reuters) ...
Tue, Jul 29
S&P 500 barely makes it to another closing record
Nasdaq, S&P 500 eke out record closing highs; Dow slipsEnergy leads S&P 500 sector gainers; Real Estate weakest groupDollar rallies ~1%; crude up ~3%; bitcoin, gold downUS 10-Year Treasury yield edges up to ~4.41%Welcome to the home for real-time coverage of markets brought to you by Reuters...
Tue, Jul 29
Buffett's Berkshire to sell one-third of VeriSign stake
July 28 (Reuters) - Berkshire Hathaway BRKa.N will sell about one-third of its more than $4 billion stake in VeriSign VRSN.O, an internet infrastructure and domain name registry company that Warren Buffett's conglomerate has invested in since 2012, VeriSign said on Monday.VeriSign, based in Rest...
Tue, Jul 29
Trump team hears pitches on access to Myanmar's rare earths
Trump administration is focused on rare earths, China competitionSome Trump allies wary of intervening in conflictMyanmar mines heavy rare earths that are processed in ChinaBy Trevor Hunnicutt, David Brunnstrom, Devjyot Ghoshal and Poppy McPherson WASHINGTON/BANGKOK, July 28 (Reuters) - The Trump
Tue, Jul 29
Oil climbs on EU trade deal, potential US-China tariff truce extension
Brent crude hits highest level since July 18 on MondayUS and China officials at Stockholm for trade talksTrump's shorter deadline for Russia on Ukraine war raises oil flow concernsBy Anjana Anil July 29 (Reuters) - Oil extended gains on Tuesday, lifted by hopes of improved economic activity a...
Tue, Jul 29
[Reuters Analysis] EU's $250 billion-per-year spending on US energy is unrealistic
EU pledges $250 bln/yr spend on U.S energy for three yearsWould require huge redirection of U.S. energy exportsAgreement not legally bindingEU companies, not the Commission or EU entities, buy energy By Kate Abnett and Arathy Somasekhar BRUSSELS/HOUSTON, July 28 (Reuters) - The European Union'...
Tue, Jul 29
Waymo to launch autonomous ride-hailing in Dallas next year
July 28 (Reuters) - Alphabet's GOOGL.O Waymo said on Monday it will roll out its autonomous ride-hailing service in Dallas in 2026, accelerating its U.S. expansion as electric vehicle maker Tesla TSLA.O pushes to grow its recently launched robotaxi business.After years of cautious growth, Waymo ...
Tue, Jul 29
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Bond Prices fall after EU trade deal, mixed auctions
NEW YORK, July 28 (Reuters) - U.S. Treasuries slipped on Monday, pushing yields higher, as investors showed more optimism about the global economic outlook after the United States and the European Union struck a trade agreement on Sunday.
Mon, Jul 28
Oil rises 2% on US-EU trade deal, Trump's shorter deadline for Russia
US, European Union avert trade war with 15% tariff dealTrump reduces deadline for Russia to end war in Ukraine to 10-12 daysOPEC+ panel stresses need for full compliance with output limitsBy Stephanie Kelly NEW YORK, July 28 (Reuters) - Oil prices rose 2% on Monday after a trade deal between the ...
Mon, Jul 28
US, China hold new talks on tariff truce, easing path for Trump-Xi meeting
Stockholm talks aim to extend tariff truce by 90 daysTalks expected to resume on TuesdayTrump-Xi meeting could ease trade tensions, analysts sayChina seeks reduction of US tariffs and tech export controlsBy David Lawder and Greta Rosen Fondahn STOCKHOLM, July 28 (Reuters) - Top U.S. and Chinese e...
Mon, Jul 28
[Reuters Analysis] How US-EU aerospace rivals united to preserve tariff-free aircraft trade
PARIS, July 28 (Reuters) - A provisional deal between the United States and European Union to exempt aircraft from tariffs avoids a potential threat to jet production and deliveries in both regions and caps months of uncharacteristic unity among plane-making rivals.
Mon, Jul 28
EU-US trade deal could add up to $19 billion in pharma industry costs, analysts say
July 28 (Reuters) - The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday.
Mon, Jul 28
Trump eyes 'world tariff' of 15-20% for most countries
TURNBERRY, Scotland, July 28 (Reuters) - President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April.
Mon, Jul 28
Europe Inc's trade deal relief tempered by tariff reality
LONDON, July 28 (Reuters) - European companies were on edge on Monday as corporate leaders tried to unpick the real impact of a hard-won U.S. trade deal and lamented a sharp jump in tariffs versus those in place before President Donald Trump's second term.
Mon, Jul 28
TSMC, Samsung stand to gain if Intel exits foundry business, Bernstein says
Bernstein says TSMC 2330.TW and Samsung's 005930.KS foundry will benefit the most if Intel INTC.O exits chip manufacturing business** Last week, Intel warned investors it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factori...
Mon, Jul 28
