President Trump announcing last night as well that he will impose a 100% tariff on pharmaceutical products entering the US starting October 1st unless they are building manufacturing plants here stateside. EU and Japan will be exempt from the 100% uh with the US honoring the 15% cap that was put into place under the current trade deals. The sector taking the news in stride today.See a lot of green right there on the screen with the big pharma names. Our next guest says the move could be a relief for investo ...

Electronic Arts shares soared following a report by The Wall Street Journal that the videogame maker is nearing a $50 billion deal to be taken private. Cheng Xin / Getty Images Close Key Takeaways Top Stories Stocks Rise as Inflation Data Matches Expectations The Fed's Favorite Inflation Measure Stays Stubbornly High Why Would Anyone Bet Against Intel's Red-Hot Stock Right Now? Starbucks Is Closing Shops and Cutting Costs as Its Turnaround Effort Continues Shares of a video game firm soared on Friday, Sept. ...

Major indexes snapped a three-day losing streak. ...

Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! IBD Videos BREAKING: Bullish Rebound Pares Market's Weekly Losses President Donald Trump on Thursday night announced a fresh wave of tariffs set to launch Oct. 1 taxing imports of heavy trucks, furniture and pharmaceuticals, citing national security purposes. Stocks were mixed, as some domestic manufacturers rose, while higher-end importers, including RH (RH) f ...

Fair enough. Mike, hang tight with us for a second. We are going to turn to Beimo's Evan Seagerman for his reaction to President Trump's new tariffs on the pharma sector.Some pretty big numbers, but then Aan Jabvers is telling us bilateral trade agreements will be honored. So maybe not as bad as feared, and it it doesn't seem like uh the stocks themselves are really worried here either. Evan, explain to us why.Exactly. So it's a 100% tariff, but it doesn't apply if a pharmaceutical manufacturer is building ...

Joining me now to discuss the potential fallout, Everore ISI's Greg Melik. Greg, thank you so much for for being here with us. I know that you cover Home Depot and that was one of the names that came to mind for me as soon as I saw some of these headlines.What do you think the impact will be. >> You know, we think for the retailers, especially one like Home Depot, they have a big broad enough global supply base. And in the case of Home Depot, the majority of what they're doing, they're sourcing here in the ...

Joining me now to discuss the potential fallout, Everore ISI's Greg Melik. Greg, thank you so much for for being here with us. I know that you cover Home Depot and that was one of the names that came to mind for me as soon as I saw some of these headlines.What do you think the impact will be. You know, we think for the retailers, especially one like Home Depot, they have a big broad enough global supply base. And in the case of Home Depot, the majority of what they're doing, they're sourcing here in the US ...

Your next guest says that these tariffs could potentially have a big impact, but for now he's still bullish on the group overall. So, Vaml Devon is senior farmer analyst at Guggenheim Partners joins us now. Vaml, it's great to have you.>> Yeah, thanks so much for having me. >> Okay, so devil's in the details as I said before the break uh on these tariffs. How many of these big pharmaceutical giants are already building out manufacturing capability here in the US.>> Yeah, almost all of them honestly. So I th ...

Core Viewpoint - The president's tariffs on foreign drugs and furniture are based on national security laws, which are not currently challenged in ongoing lawsuits [1] Group 1 - The tariffs are applied to foreign drugs and furniture, indicating a strategic approach to trade policy [1] - The reliance on national security laws suggests a potential shift in how trade regulations are enforced [1] - Current lawsuits do not encompass these tariffs, highlighting a legal gap in challenging such policies [1]

But is the data reflecting the inflationary impact of tariffs. Let's discuss with Joe Leavourne, counselor to Treasury Secretary uh Bessant and here on set with me. It's great to see you, Joe. >> Great to be here.Thank you. >> All right, so inflation data that we got this morning. Core PCE basically in line with the month prior and actually we saw the month before that revised lower as well.What is that telling us. >> Actually, I like to look at the goods piece because that's where the tariffs would show up ...