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PART OF THE MAKE-OVER FOR BOTH ARE PHARMACEUTICAL CEOs of BioNTech, Pfizer, J&J and Merck Make List of Highest-Paid Pharma Execs. We Spent a Year Investigating How the FDA Let Risky Drugs Into the U.S. Market. Our investigation revealed a previously unknown practice within the FDA that allowed more than 150 drugs or their ingredients to enter the U.S. over the past decade, despite being manufactured at factories banned from shipping their products here.

How are businesses supposed to plan for the future if they have no idea what the rules of the game are going to be? Businesses thrive in a predictable environment, but we have entered a period of time of extreme uncertainty. One day we are facing high tariffs, the next day one court strikes them all down, and then the next day another court temporarily reverses that decision. How is anyone supposed to make solid business decisions in such an environment? Our economy has been heading in the wrong direction for a long time, and we need to take bold...

Stocks were higher in late-morning trading Tuesday, though well off their early-session highs, as volatile trading continues amid uncertainty about tariffs.

"Ah, the delicious smell of peak fear on Sunday/Monday...and max NOISE on X." —Raoul Pal That ruckus you hear in the capital markets is the sickening howl of the Fugazy Economy meeting its extinction. Fugazy means fake, unreal, dishonest, misaligned to what societies need to thrive. Fugazy means mis-using the time-value of things that purport to be wealth to multiply fake wealth in the hands of a few at the expense of the many. The pernicious effects of that system are visible all across the ruined landscape of our country, a nation of broken cities, failed towns, and a demoralized...

Trade ministers meeting in Luxembourg on Monday neared agreement on a list of US goods to target in response to the recent US decision to impose tariffs on steel and aluminium. But a second round designed to reply to the blanket 20% tariff on other imports from the bloc, and a flat rate of 25% on cars, remains under debate. The first round of countermeasures, which are expected to be adopted on Wednesday, is likely to include US products such as bourbon whiskey, though this inclusion remains moot, particularly after threats from US President Donald Trump to impose 200% tariffs...

More than 50 nations have reached out to the White House to begin trade talks since United States President Donald Trump rolled out sweeping new tariffs, top officials said on Sunday (Apr 6) as they defended levies that wiped out nearly US$6 trillion in value from US stocks last week and downplayed the economic fallout. On Sunday morning talk shows, Trump's top economic advisers sought to portray the tariffs as a savvy repositioning of the US in the global trade order. They also tried to minimise the economic shocks from last week's tumultuous rollout, ahead of Monday's expected bumpy opening...

Full List of Countries Hit With Reciprocal TariffsCountryTariffs Charged to the U.S.A. (%)U.S.A. Discounted Reciprocal Tariffs (%)China6734European Union3920Vietnam9046Taiwan6432Japan4624India5226South Korea5025Thailand7236Switzerland6131Indonesia6432Malaysia4724Cambodia9749United Kingdom1010South Africa6030Brazil1010Bangladesh7437Singapore1010Israel3317Philippines3417Chile1010Australia1010Pakistan5829Turkey1010Sri Lanka8844Colombia1010Peru1010Nicaragua3618Norway3015Costa Rica1710Jordan4020Dominican Republic1010United Arab Emirates1010New Zealand2010Argentina1010Ecuador1210Guatemala1010Honduras1010Madagascar9347Myanmar (Burma)8844Tunisia5528Kazakhstan5427Serbia7437Egypt1010Saudi Arabia1010El Salvador1010Côte d'Ivoire4121Laos9548Botswana7437Trinidad and Tobago1210Morocco1010Papua New Guinea1510Malawi3417Liberia1010British Virgin Islands1010Afghanistan4910Zimbabwe3518Benin1010Barbados1010Monaco1010Syria8141Uzbekistan1010Republic of the Congo1010Djibouti1010French Polynesia1010Cayman Islands1010Kosovo1010Curaçao1010Vanuatu4422Rwanda1010Sierra Leone1010Mongolia1010San Marino1010Antigua and Barbuda1010Bermuda1010Eswatini1010Marshall Islands1010Saint Pierre and Miquelon9950Saint Kitts and Nevis1010Turkmenistan1010Grenada1010Sudan1010Turks and Caicos Islands1010Aruba1010Montenegro1010Saint Helena1510Kyrgyzstan1010Yemen1010Saint Vincent and the Grenadines1010Niger1010Saint Lucia1010Nauru5930Equatorial Guinea2513Iran1010Libya6131Samoa1010Guinea1010Timor-Leste1010Montserrat1010Chad2613Mali1010Algeria5930Oman1010Uruguay1010Bahamas1010Lesotho9950Ukraine1010Bahrain1010Qatar1010Mauritius8040Fiji6332Iceland1010Kenya1010Liechtenstein7337Guyana7638Haiti1010Bosnia and Herzegovina7035Nigeria2714Namibia4221Brunei4724Bolivia2010Panama1010Venezuela2915North Macedonia6533Ethiopia1010Ghana1710Moldova6131Angola6332Democratic Republic of the Congo2211Jamaica1010Mozambique3116Paraguay1010Zambia3317Lebanon1010Tanzania1010Iraq7839Georgia1010Senegal1010Azerbaijan1010Cameroon2211Uganda2010Albania1010Armenia1010Nepal1010Sint Maarten1010Falkland Islands8241Gabon1010Kuwait1010Togo1010Suriname1010Belize1010Maldives1010Tajikistan1010Cabo Verde1010Burundi1010Guadeloupe1010Bhutan1010Martinique1010Tonga1010Mauritania1010Dominica1010Micronesia1010Gambia1010French Guiana1010Christmas Island1010Andorra1010Central African Republic1010Solomon Islands1010Mayotte1010Anguilla1010Cocos (Keeling) Islands1010Eritrea1010Cook Islands1010South Sudan1010Comoros1010Kiribati1010Sao Tome and Principe1010Norfolk Island5829Gibraltar1010Tuvalu1010British Indian Ocean Territory1010Tokelau1010Guinea-Bissau1010Svalbard and Jan Mayen1010Heard and McDonald Islands1010Reunion7337*White House officials said the calculations...

Trump's reciprocal tariffs aim to address what the Trump administration views as persistent and unfair trade imbalances, targeting specifically the 'Dirty 15,' a group of nations including China, Canada, Mexico, Japan, Germany, and India, among others. Countries such as Canada and Mexico have already voiced their readiness to counteract, while India, Japan, and China seek diplomatic routes to soften the blow and protect their economic interests.

NBC: "Just hours ago, President Trump called me to tell me he is 'pissed off' with Russia's President Putin and threatened to impose secondary tariffs on Russia's oil."

Some might call it a “smashing” good time. A rage room in Halifax is providing Canadians with a clever way to blow off some steam amid an intense political climate between Canada and the U.S. — framed photos of U.S. President Donald Trump for smashing, among other items related to the tariff war. “Fed up with the chaos? News cycle getting you down? We hear you—and we’ve got the perfect way to let it all out,” Rage Room Halifax wrote in an Instagram post. Rage Room Halifax is calling it a “smash the tariffs” event where each session includes a...

250% for milk? 291% for butter? 208% for whey? 241% for CHEESE? Oh wait - those are actually tariffs that Canada imposed on the U.S. last year.

Petro did not deny allegations that he was seeing the trans newscaster, whose name is Linda Yerpes, while cheating on his wife. “I have always considered that intimacy is the 'last level' of freedom, the last trench of being free, and I will preserve this principle until I write about myself or die,” Petro wrote on X.

Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. “There's going to be a lot...

The United States is known as the land of the free, but it has become a place where the government decides whom we are allowed to buy from and sell to. For instance, when denied the freedom to trade without paying an expensive import tax, many Americans will find themselves begging our trade overlords for an exemption. This is, I believe, a fair description of the Biden administration's decision to not only maintain ineffective import taxes -- also called tariffs -- but to re-up the listless exemption process. After a monthslong review by her agency, United States Trade Representative Katherine...

Despite overwhelming historical evidence demonstrating the folly of government-imposed price controls, modern politicians just can't seem to quit inflicting them on us. One obvious example involves health care, where price controls on prescription medications always seem to be just around the corner and are now being considered in the rush to eliminate surprise medical bills. Fewer people know about similar efforts regarding the aluminum market, where some politicians are contemplating price controls to compensate victims of the trade war. Back in March 2018, President Donald Trump announced that he would impose a 10% tariff on all imported aluminum (unless an...

The pace of companies moving production out of China is accelerating as more than 50 multinationals from Apple to Nintendo to Dell are rushing to escape the punitive tariffs placed by the U.S., according to the Nikkei Asian review. The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. President Donald Trump is still threatening to slap duties on another $325 billion of goods. In wake of the intensifying battle, more and more companies announced plans or are considering shifting manufacturing from China. American...

President Trump’s barrage of tariffs could blow up our economy in a way not seen since Congress passed the 1930 Smoot-Hawley Tariff Act. We know how that ended. It took World War II to get us out of the worst depression our nation ever faced.The analogies between then and now are striking. Overwhelmingly, economists opposed the tariffs in 1930. Today, Peter Navarro, who serves in the White House, is the only economist I know of who thinks tariffs are a good idea. And last week he suggested we pull out of the World Trade Organization (WTO), despite the fact the...

No, the 1990s didn’t call to say they want their old trade policy back. When it comes to American trade policy toward China, though, the candidates running for the Democratic presidential nomination are about 20 years behind President Trump. Liberals have complained bitterly about the president’s aggressive approach to the ongoing trade dispute with China, particularly his use of targeted counter-tariffs to pressure China into stopping its most pernicious trade abuses. Trump’s opponents accuse him of starting a dangerous “trade war” with China, but in reality, China has been waging economic war against the U.S. for decades. President Trump just...

As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs." The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill." A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the...

Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months. The Dow Jones Industrial Average traded more than 600 points lower as Intel and Microsoft fell more than 2.5 percent each. The Nasdaq Composite plummeted 3 percent. The S&P 500 dropped 2.5 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level....