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U.S. drugmaker Merck (MRK.N), said on Tuesday it is investing $1 billion in a new Delaware plant to expand domestic production as it prepares to deal with President Donald Trump's tariffs. The new facility will produce biologic drugs and Keytruda, becoming Merck's first in-house U.S. site to make the blockbuster cancer treatment, the company said. Merck said last week its biggest tariff exposure is through Keytruda and it has enough U.S. inventory for this year. It estimated $200 million in additional costs for the levies implemented to date. The company expects labs at the new facility to be fully operational...

IBM will invest $150 billion in the US, including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration’s push for local manufacturing. The company’s announcement on Monday follows similar pledges by tech giants such as Nvidia and Apple, both of which have said they would spend about $500 billion each in the country over the next four years. Several analysts see the spending commitments as overtures to President Trump, whose tariffs threaten to roil supply chains and raise costs for the technology industry. IBM, also a significant government...

IBM, one of the nation’s largest technology employers, announced Monday that it plans to invest $150 billion in the United States over the next five years, adding that the company is “focused on American jobs and manufacturing.” IBM revealed in a Monday press release that it “plans to invest $150 billion in America over the next five years to fuel the economy and to accelerate its role as the global leader in computing.” “This includes an investment of more than $30 billion in research and development to advance and continue IBM’s American manufacturing of mainframe and quantum computers,” the company...

Former President Joe Biden’s U.S. Treasury Secretary Janet Yellen blasted President Donald Trump’s tariffs on Monday, saying the return of American manufacturing is just a “pipe dream” that may not even be a “desirable goal.” Yellen, who chaired the Federal Reserve from 2014 to 2018 prior to heading the Treasury from 2021 to 2025, took to CNBC’s Squawk Box to spew her anti-American rhetoric: Things have been just chaotic,” the former secretary said. “The reciprocal tariffs put on and paused … This is really creating an environment in which households and businesses feel paralyzed by the uncertainty about what’s going...

Debt, illegals, outsourcing -- the United States is heading for a catastrophic fall. Trump understands this. Middle-class America is rapidly going the way of the dinosaur and the dodo bird. And California, where mansions and homeless people abound, is the template Democrats want to bring to America as a whole. Because it suits their needs. Big money donors and poor people in crisis who think they need ‘compassionate’ Democrats’ help. The ‘American Dream’ was that any normal person who worked hard and saved could have a house and a relatively comfortable — and meaningful — life, expecting to live better...

We knew there would be a market reset and schadenfreude fest (or gross concern trolling) from the liberal media over the initial reaction to President Trump’s tariff policy. The market had a massive sell-off on Friday, trillions have been wiped off the books, and the media and the Democratic Party are trying to make this like the 1929 crash. It’s not. Let me be clear: others have also said this: a market reset was bound to happen. The era of super-spending that Biden ushered in, which created the inflation crisis, is over. This spending spree artificially propped up Wall Street,...

On Friday’s broadcast of NewsNation’s “On Balance,” Sen. Chris Coons (D-DE) stated that large tariffs won’t bring back steel or auto plants to his state “in less than five or ten years. And the costs of competing, of manufacturing here in the United States are still too high.” Coons said, “There was a 100-year-old steel mill in Claymont, Delaware. We worked hard to try and save it, but, ultimately, it closed. There were two auto plants in Delaware. Ultimately, they closed. High tariffs won’t bring those plants back in less than five or ten years. And the costs of competing,...

Have you taken a look around today at what's going on? Things are going rather well, economically-speaking. Sure, the stock market didn't like the uncertainty of the impact of tariffs at all, tanking for the better part of a month. But if one just ganders at the economic development and investment committed to begin in the United States due to the threat of tariffs, it's staggering when you start looking at all the zeros after the crooked numbers. There are going to be trillions of dollars flowing into America...trillions that would have remained working against American workers and taxpayers had...

Hyundai plans to invest $20 billion to bring manufacturing operations to the U.S., a White House official confirmed to FOX Business. Part of the investment from the South Korean automaker will go toward building a next-generation steel plant. The materials will be used in two of its U.S. plants and will employ 1,500 people. The rest of the money will be earmarked to expand manufacturing in the U.S. The automaker is the latest among a growing number of companies announcing plans to increase investment in the U.S. under the Trump administration, which has been using tariffs to encourage companies to...

Nvidia, the world’s undisputed leader in chipmaking, says it will invest hundreds of billions of dollars over the next four years on its U.S.-based manufacturing operations — part of the manufacturing renaissance under President Donald J. Trump as he solidifies the U.S. as the global leader in artificial intelligence.“Having the support of an administration who cares about the success of this industry and not allowing energy to be an obstacle is a phenomenal result for AI in the U.S.,” said Nvidia CEO Jensen Huang.Here’s what they’re saying:Axios: “It’s another win for President Trump’s push to increase U.S. manufacturing, with a...

The United Arab Emirates (UAE) has committed to a 10-year, $1.4 trillion “investment framework” in the U.S., the White House announced Friday. The new framework “will substantially increase the UAE’s existing investments in the U.S. economy in AI infrastructure, semiconductors, energy, and American manufacturing,” according to the administration. The UAE committed to the investments after President Trump hosted the UAE’s national security adviser, Sheikh Tahnoon bin Zayed, and the heads of major UAE sovereign wealth funds and corporations for a meeting in the Oval Office earlier this week. Among the investments under the framework, the UAE investment fund ADQ and...

The factory sector came roaring back in President Trump’s first full month in office. Industrial production in the United States surged in February, rising 0.7 percent, more than triple the 0.2 percent increase economists had expected. The latest data from the Federal Reserve marks a significant expansion in industrial activity, with total output reaching its highest level on record. Manufacturing output, which accounts for roughly three-fourths of total industrial production, rose 0.9 percent, the largest monthly gain in a year. A particularly notable driver of February’s expansion was the auto sector, where motor vehicle and parts production jumped 8.5 percent....

President Donald Trump is expected to announce a new and major investment in American manufacturing from the White House Monday afternoon, marking yet another economic victory less than two months into his second term. "Taiwan Semiconductor Manufacturing Co. intends to invest $100 billion in chip-manufacturing plants in the U.S. over the next four years under a plan expected to be announced later Monday by President Trump, according to people familiar with the matter," the Wall Street Journal reports. "The investment would be used to build out cutting-edge chip-making facilities. Such an expansion would advance a long-pursued U.S. goal to regrow...

President Donald Trump on Saturday signed two executive orders that call for immediately expanding American lumber production and addressing lumber imports' threat to national security. The orders aim to update guidance on production, streamline permitting, and assess possible risks that imports pose to national security. A White House official told Fox News the president identified a crisis in both supply and demand in an industry the U.S. should be entirely self-sufficient in. The executive order notes that the production of timber, lumber, paper, bioenergy, and other wood products is crucial for Americans in construction and energy production. Recent disasters, the...

"Trump instinctively understands this in a way that the globalist elites do not. They thought outsourcing everything was great. They’re against tariffs—why would you produce in a less efficient economy when you can manufacture wherever it’s cheapest according to global market dynamics? The problem is, they forgot that once you stop making things and your companies no longer produce anything, you lose all leverage—you’ve handed it away to everyone else." "Shouldn’t we wake up every day thinking, ‘Holy sh*t, everything I have right now is because Xi Jinping hasn’t decided to screw us yet’? And he will do it. People...

On Tuesday, on Fox News Channel’s “Americas Newsroom,” Shark Tank star Kevin O’Leary said President Donald Trump’s plan to implement 10% tariffs on China is not enough to squeeze them. Co-host Dana Perino said, “So Mexico and Canada were obviously motivated to try to get to a deal with President Trump yesterday, and they got a 30-day pause. Do you think President Xi is of a similar mind?” O’Leary said, “No, I don’t. I think China is a completely unique situation, very different than Mexico, very different than Canada. China, since 1999, when they joined the WTO, has never abided...

Well...huh?I wonder why?Mandates and Green dreams still can't change what people want and are willing to pay for, it seems.European automotive suppliers are experiencing unprecedented turbulence as electric vehicle market uncertainties trigger a wave of dramatic workforce reductions. Major manufacturers are confronting a perfect storm of economic challenges that threaten the industry’s traditional foundations.In a stark illustration of the sector’s volatility Robert Bosch, ZF Friedrichshafen, Continental and Schaeffler have collectively announced 54,000 job cuts in 2024. This figure represents a record number of redundancies surpassing those announced during the pandemic years of 2020 and 2021 combined according to the European...

U.S. manufacturing moved closer to recovery in December, with production rebounding and new orders rising further, though factories faced higher prices for inputs as the year ended. The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI increased to 49.3 last month, the highest reading since March, from 48.4 in November. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. December was the ninth consecutive month that the PMI remained below the 50 threshold. Manufacturing was battered by the Federal Reserve's aggressive monetary policy tightening in 2022 and...

A full half of the jobs created by the first TSMC Arizona chip plant have been filled by workers from Taiwan, despite the company receiving up to $11.6B worth of grants intended in large part to generate US jobs. TSMC’s announcement that it was building a chip fabrication plant in Arizona was hailed as a major success for the US CHIPS Act – intended to free the US from dependence on China for advanced chip supplies, and to generate jobs for US workers. Apple proudly announced that it would be buying American-made chips for some of its devices. The gloss...

Last year, global vehicle production reached 93.5 million units, representing a 2% increase compared to pre-pandemic levels in 2019 and a significant 17% rise from 2022.This graphic, via Visual Capitalist's Kayla Zhu, visualizes the share of motor vehicles produced by the top 30 countries in 2023.The figures come from the International Organization of Motor Vehicle Manufacturers, and includes both passenger and commercial vehicles.Which Country Produced the Most Cars in 2023?Below, we show the total number of motor vehicles produced by each of the top 30 countries, as well as their share of global production.RankCountry/RegionRegionTotal Car ProductionShare of Total Production1🇨🇳 ChinaAsia30,160,96632.2%2🇺🇸...