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Trump’s 200% tariff threat leaves pharma firms scrambling with scenario planning

by CNBC Markets | July 11, 2025 12:10 pm | US Markets

A 200% tariff rate — even with a delay — will have a detrimental effect on drug prices and profit margins, analysts warn.

Norway’s Tesla obsession defies Europe’s Musk backlash

by CNBC Markets | July 11, 2025 11:06 am | US Markets

Tesla continues to find solace in EV-friendly Norway despite a sustained sales slump across the rest of Europe.

Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates

by CNBC Markets | July 11, 2025 8:09 am | US Markets

U.S. President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, over the country’s role in fentanyl flow, retaliatory tariffs.

Trump’s 50% Brazil tariff stretches emergency powers already facing court challenge

by CNBC Markets | July 11, 2025 6:08 am | US Markets

Critics say the tariff on Brazil could further erode the Trump administration’s credibility as it pursues an aggressive trade agenda.

Tesla moves to expand Robotaxi to Phoenix, following rival Waymo

by CNBC Markets | July 11, 2025 3:04 am | US Markets

Tesla has applied to test and operate its Robotaxis in Arizona, CNBC confirmed Thursday.

Trump administration launches probe of DEI policy at George Mason University

by CNBC Markets | July 11, 2025 3:04 am | US Markets

The probe is based on a complaint by George Mason University professors who allege that personnel decisions underrepresented groups.

Trump to host Jensen Huang at White House as Nvidia tops $4 trillion market cap

by CNBC Markets | July 11, 2025 2:04 am | US Markets

Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.

Business class+? Delta says segmentation is coming to high-end cabins

by CNBC Markets | July 11, 2025 2:04 am | US Markets

Delta is studying changes to its premium-cabin offerings, similar to what airlines have done in coach.

Trump’s tariffs on Brazil could make your coffee even more expensive

by CNBC Markets | July 11, 2025 1:04 am | US Markets

Coffee companies may try to mitigate the impact of the tariff by sourcing from other countries, but consumers will likely end up paying more for their java.

Musk, X to face trial in Don Lemon lawsuit alleging breach of contract

by CNBC Markets | July 11, 2025 1:04 am | US Markets

Musk and X have faced other lawsuits over non-payment to vendors and over failure to provide severance as promised to laid-off employees from Twitter.

Fed considering changes to what constitutes a ‘well-managed’ bank

by CNBC Markets | July 11, 2025 12:07 am | US Markets

Under a proposal put up for comment Thursday, the Fed would allow banks with one “deficient” rating to still be considered well-managed

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

by CNBC Markets | July 11, 2025 12:07 am | US Markets

President Donald Trump has repeatedly called on Federal Reserve Chairman Jerome Powell to slash interest rates.

Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’

by CNBC Markets | July 10, 2025 10:05 pm | US Markets

Last month, Amazon began asking staffers who came to the U.S. under humanitarian immigration programs to provide updated work permits.

Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%

by CNBC Markets | July 10, 2025 7:06 pm | US Markets

Interior Secretary Doug Burgum said in April the Trump administration was considering equity investments in critical mineral producers to compete with China.

Ferrero to buy cereal maker WK Kellogg for $3.1 billion; Kellogg shares jump 30%

by CNBC Markets | July 10, 2025 7:06 pm | US Markets

The standalone cereal business WK Kellogg began trading in 2023.

Virginia drops in America’s Top States for Business rankings. Federal job cuts are a big reason

by CNBC Markets | July 10, 2025 6:06 pm | US Markets

Virginia loses No. 1 spot in America’s Top States for Business in 2025 as President Trump’s federal government job cuts hit the state economy.

Alaska is America’s worst state for business in 2025 as falling oil prices sink economy

by CNBC Markets | July 10, 2025 6:05 pm | US Markets

A big drop in crude prices year over year leaves Alaska, reliant on oil for revenue, at the bottom of CNBC’s annual Top States for Business rankings.

Massachusetts is 2025’s Most Improved State for Business boosted by financial independence from D.C.

by CNBC Markets | July 10, 2025 6:05 pm | US Markets

Massachusetts jumps by the most spots in CNBC’s annual ranking of America’s Top States for Business, with lack of reliance on federal funding key.

North Carolina is America’s Top State for Business in 2025, led by a strong workforce and economy

by CNBC Markets | July 10, 2025 6:05 pm | US Markets

North Carolina is America’s Top State for Business in 2025, led by a strong workforce and economy.

America’s Top States for Business 2025: The full rankings

by CNBC Markets | July 10, 2025 6:05 pm | US Markets

CNBC unveils its 19th annual America’s Top States for Business ranking, scoring all 50 states on 128 different metrics in 10 key categories of competitiveness.
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