For more on the chip business and the Trump administration's efforts to boost domestic manufacturing, we're joined in an exclusive interview today by Global Foundaries executive chair Tom Caulfield here at Post9. Tom, welcome back. Good to have you.Thanks, Carl. Um, are the Taiwanese serious. Anything we can say to move this along.Look, I I think every business, this is about businesses, not governments. Every business gets to choose how they want to satisfy their customers. What are their business and fina ...

Hello and welcome to CNBC. com. I'm Frank Holland, anchor of Worldwide Exchange.Today I'm joined by Kevin Murphy, the CEO of Ferguson, a global leader in HVAC, piping, and a number of other critical industries, not only for residential housing, but also for industrial production and for data centers. Kevin, thanks for joining us. >> Thank you for having me, Frank.Great to be with you again. >> All right, Kevin, we got to talk about the news a bit here. Um, government shutdown just started at midnight on Wed ...

Tariff Announcements - Former President Donald Trump announced new tariffs, including a 100% tariff on imported branded and patented pharmaceutical products, a 50% tariff on kitchen cabinets and bathroom vanities, a 30% tax on upholstered furniture, and a 25% levy on heavy trucks, effective October 1st [2][3][4] Pharmaceutical Sector Impact - Asian pharmaceutical stocks experienced declines, with Japan's Topix pharmaceutical index down 1% to 1.2%, and South Korea's SK Biopharmaceuticals shares falling 2.7% to 3.6% [3][4] - In India, the Nifty Pharma index plunged 1.81% to 2.45%, with Sun Pharma losing 2% to 2.55% and Wockhardt tumbling over 9% [4] - European pharmaceutical shares had a muted reaction, with Novo Nordisk slipping 1.9% to 3.49%, while Novartis stated the tariffs would have "no impact" due to a $23 billion investment in U.S. infrastructure [5] U.S. Pharmaceutical Companies - American pharmaceutical companies saw gains, with Eli Lilly rising 0.9% to 1.3% and Pfizer adding 0.2%, benefiting from the 100% tariff on imported drugs [6] Home Goods Sector Reaction - The home furnishings sector reacted negatively, with RH shares falling 2.6% to 5.4% and Wayfair initially slipping 3.5% to 6% but later recovering to a 0.9% gain [7][8] - American-based furniture manufacturers like La-Z-Boy and Ethan Allen Interiors saw gains due to the tariffs [8] Heavy Trucks Sector - The 25% tariff on heavy truck imports benefited American truck maker Paccar, whose shares surged 5% to 6%, while European counterparts like Daimler Truck and Traton saw declines [9] Broader Market Reaction - Despite the tariff news, the broader U.S. markets showed resilience, with the Dow Jones Industrial Average gaining 369 points (+0.8%) and the S&P 500 rising 36 points (+0.56%) [11] - The overall market reaction was described as "modest," indicating that markets have adapted to tariff announcements over time [11][12]

Exclusive: The Trump administration is weighing a new plan to reduce dramatically the U.S.’s reliance on semiconductors made overseas, hoping to spur domestic manufacturing and reshape global supply chains https://t.co/S9QTfApcOi ...

Group 1: Investment Potential of Intel - The government is significantly backing Intel, which may change the investment landscape, but challenges in innovation and market share loss to AMD remain [1][3][9] - Government investment alone will not enhance the intelligence of Intel's engineers or speed up innovation, indicating that hiring better talent is crucial [2] - There is potential for improved innovation pace, but Intel has a long way to go to attract major customers like Nvidia and Apple [3][10] Group 2: Strategic Moves and Partnerships - Intel is actively seeking customers for its foundry plans, indicating a strategic effort to secure partnerships and build manufacturing capabilities [5][6] - The U.S. government’s involvement is seen as a way to bridge the gap between Intel's manufacturing capabilities and customer needs [6][17] - Apple may consider diversifying its supply chain away from TSMC by potentially collaborating with Intel, which could be beneficial if Intel can ramp up its manufacturing capacity [14][15] Group 3: Market Dynamics and Competition - The semiconductor industry is experiencing shifts, with Intel needing to adapt to regain its competitive edge against TSMC and other players [9][19] - The market for AI compute is expanding, with companies like Nvidia and AMD positioned to capture significant market share [22][24] - There is a growing need for diversified suppliers in the semiconductor space, as companies look to mitigate risks associated with reliance on a single manufacturer [15][25] Group 4: Broader Industry Trends - The U.S. is aiming to become a domestic chipmaking champion, but the outcome without TSMC and Samsung remains uncertain [8][19] - Significant investments are being made in data centers globally, with hundreds of billions committed, indicating a robust growth trajectory for the semiconductor industry [27][29] - The expansion of AI applications is driving investment beyond traditional tech sectors, impacting utilities and infrastructure as well [29][30]

(Reuters) -U.S.-listed shares of Lithium Americas surged more than 70% in premarket trading on Wednesday after a report said the Trump administration was seeking an equity stake of up to 10% in the miner, the latest sign of involvement in industries the government sees as critical to national security. Reuters reported late on Tuesday, citing two people familiar with the discussions, that the administration was discussing taking the stake in the company as part of talks to renegotiate a $2.26 billion gove ...

Core Insights - Apple is investing $2.5 billion in Corning's Kentucky factory to manufacture glass for iPhones and Apple Watches, emphasizing the importance of innovation, cost, and quality in their decision-making process [1] - Corning's "ceramic shield" technology is highlighted for its thin, light, and durable properties, with the new version being 50% stronger than the previous one [2] - The investment is expected to increase the factory's workforce by 50% and triple production capacity, positioning it as a leading site for specialized glass manufacturing [2][3] Company and Industry Impact - Domestic manufacturing is seen as a way to create economic activity and jobs, benefiting local businesses and communities [3] - Corning views its operations as a "social contract" with the community, reflecting a long-standing relationship with the area since the factory's opening in 1952 [3] - The workforce at the Kentucky plant includes third-generation employees, indicating a strong legacy and commitment to innovation in glass production [4]

Core Viewpoint - Treasury Secretary Scott Bessent emphasized that the short-term costs of tariffs are outweighed by long-term benefits to U.S. competitiveness, arguing for more time to assess the impact of President Trump's economic agenda [1][4]. Tariff Revenue - The U.S. collected over $31 billion in tariff revenues in August, marking the highest monthly total for 2025, with total tariff revenue for the year exceeding $183 billion [5]. - Bessent indicated that tariff revenue could be utilized to help reduce the national debt, which is currently at $37.4 trillion as of September 5 [5]. Economic Impact - Bessent stated that the Trump administration anticipates a "substantial acceleration" in economic activity in the fourth quarter, highlighting the need for time to build factories and create jobs [4]. - The administration is committed to maintaining global tariff rates, despite a recent appeals court ruling that the power to set tariffs lies with Congress [7][8].

Safe Harbor Statement Corporate Overview August - 2025 (All figures in USD) NASDAQ : ELVA TSX : ELVA Forward-looking statements: This presentation contains forward-looking statements and forward looking information (collectively, "forward-looking statements"), including statements that relate to, among other things, the size of the Company's addressable market and target verticals and applications, margin performance capabilities of new target operating segments, future operating jurisdictions including pla ...

Core Points - Apple will invest an additional $100 billion in the United States, raising its total commitment to $600 billion over the next four years [3][4] - This investment includes a significant increase in spending on the domestic supply chain, with a new production facility for iPhone screen glass in Kentucky [3][4] - Apple previously announced plans to invest $430 billion and create 20,000 jobs in the U.S. [4] Investment Details - The new investment builds on Apple's earlier commitment of over $500 billion and the creation of 20,000 jobs, which was announced in February [4] - In 2021, Apple had already pledged to invest $430 billion in the U.S. [4] - Apple is on track to have American manufacturers produce 19 billion chips across 24 factories in 12 states this year [4] Manufacturing and Tariffs - President Trump emphasized the importance of bringing manufacturing back to the U.S., stating that iPhones sold in the U.S. should also be made domestically [5] - While many components will be manufactured in the U.S., complete assembly of iPhones will still occur overseas [5] - Trump plans to impose a "100%" tariff on imported semiconductors, but TSMC will be exempt due to its U.S. factories [8] Future Plans - Apple will assist in developing and manufacturing semiconductors and semiconductor equipment in Texas, Utah, Arizona, and New York [9] - The company reported a quarterly profit of $23.4 billion, exceeding forecasts despite facing higher costs from tariffs [9]