Industry Focus - Politicians worldwide are overly focused on factories [1] - This focus is based on misconceptions and will be counterproductive [1]

Industry Trends & Investment - A new $3 billion drug manufacturing plant is opening in North Carolina, potentially at an opportune time for US manufacturing [1][2] - North Carolina was ranked as the top state for business, indicating a favorable environment for manufacturing investments [2] - The new Fujifilm Biotechnologies factory will be one of the largest biologics manufacturing facilities in the US, featuring bioreactors capable of holding 20,000 liters each [2][3] - Historically, the US has lagged behind Europe in biologics production, with only 17% of branded injectable drugs originating in the US compared to almost half in Europe [3] - Pharmaceuticals from the EU will face a 15% tariff, which is lower than previously anticipated, benefiting the industry [4] Impact of Tax Policy - Lower corporate tax rate of 21% is encouraging more US manufacturing investments [5] - The US biopharmaceutical manufacturing landscape has expanded from approximately 1,000 facilities to 1,600 since the 2017 tax act passage [6] Company Specifics - Johnson & Johnson is among the first companies to utilize the new facility, signaling further investments across the country [5] - It takes significant time to realize the benefits of investments, with the new plant taking five years from conception to near-completion [6]

What was so interesting is this brought the ire of President Trump. He was frustrated that Apple was doing more of its manufacturing in India, shifting from China. He wanted it in the US.But has Tim Cook done enough therefore in the United States to offset this. I think Tim Cook eventually will do enough in the United States to offset it. But today the answer to that is now, and it's not unexpected that they move this to India.They've been working with India since roughly 2017. So it takes a long time to bu ...

“We’re on the verge of a design revolution — where you can pull an idea straight from your mind, shape it with your hands in 3D space, and print it into existence. That’s the future of manufacturing.” – Elon Muskhttps://t.co/AfRiTbISY5 ...

Manufacturing & Digital Potential - India is unlikely to surpass China in manufacturing, but is performing better than expected [1] - India has the potential to achieve a 7/10 rating in the physical world [1] - India has the potential to achieve a 10/10 rating in the digital world [1] Key Areas of Production - India is outproducing the West in key areas [1]

“We’re on the verge of a design revolution — where you can pull an idea straight from your mind, shape it with your hands in 3D space, and print it into existence. That’s the future of manufacturing.” – Elon Musk https://t.co/4l09RJ4p0e ...

Tariffs and Trade Policy - The market initially reacted negatively to tariffs, but has since shown little effect on corporate earnings or economic data [2] - The market's benign neglect of tariffs may embolden further tariff increases [3] - Potential tariffs of up to 300% on ships entering America are being considered [1] - The administration's long-term commitment to tariffs is questionable, impacting the potential for bringing manufacturing back to the US [4][5] Artificial Intelligence and Corporate Earnings - Artificial intelligence (AI) has the potential to more than offset the negative effects of globalization on corporate earnings and profit margins [6] - Identifying long-term winners in the context of AI is a key question, as early winners may not be the enduring ones [7] - AI can be applied to various industries, such as healthcare research and development, representing a long-term play [9] Market Sentiment and Economic Data - The market exhibits mixed signals, allowing individuals to project their views and find supporting evidence [12] - Secular growth themes are currently more important than trickling economic data points [13] - Record highs in crypto and IPOs, along with the resurgence of meme themes, indicate speculative froth and complacency in the market [14] - Valuations are priced for perfection, suggesting potential near-term volatility [15]

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/ckRZdhT3vS ...

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/HdvmfUB8pp ...

830 with the CPI. Joining us now Eric Friedman US Bank Chief Investment Officer. What a year so far Eric, did you start with with a bullish outlook for 2025.What type of year end numbers are you talking about for the S&P. When we started. >> So we had a 6325 figure.>> At the beginning of. >> The year which was tested. It's been tested a couple of times.So we stuck with it. We think you have we have. >> The whole time. >> The whole time.The whole time we'll probably use this opportunity because we're actuall ...