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European stocks open higher on China-U.S. optimism
World

European stocks open higher on China-U.S. optimism

European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]

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Healthy Returns: Here are the drugmakers with new U.S. investments as Trump’s pharma tariffs loom
Health

Healthy Returns: Here are the drugmakers with new U.S. investments as Trump’s pharma tariffs loom

Jgi/jamie Grill | Tetra Images | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Tariff threats — and efforts to get into President Donald Trump’s good graces — are fueling a new wave […]

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Europe stocks open higher amid earnings deluge; autos gain on tariff hopes
World

Europe stocks open higher amid earnings deluge; autos gain on tariff hopes

European stock markets opened higher on Wednesday, as investors pored through another slew of earnings along with euro zone economic growth data. The Stoxx 600 index was up 0.44% at 8:08 a.m. in London after notching a sixth straight positive session on Tuesday, extending its longest winning streak since January. The U.K.’s FTSE 100 meanwhile closed higher […]

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Pharmaceutical stocks fall as Trump doubles down on tariffs threat
Health

Pharmaceutical stocks fall as Trump doubles down on tariffs threat

The Lilly Biotechnology Center in San Diego, California, on March 1, 2023. Mike Blake | Reuters Shares of drugmakers fell on Wednesday after President Donald Trump doubled down on plans to impose tariffs on pharmaceuticals imported into the U.S.  Shares of U.S.-based companies Eli Lilly, AbbVie, Bristol Myers Squibb and Regeneron all fell about 4% […]

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The biggest winners and losers in Europe as Trump announces sweeping tariffs
World

The biggest winners and losers in Europe as Trump announces sweeping tariffs

U.S. President Donald Trump stands, after delivering remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.  Leah Millis | Reuters Global markets, businesses and long-standing geopolitical relationships were thrown into disarray on Thursday, the day after U.S. President Donald Trump’s tariff policy — and Europe was not […]

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Trump’s tariffs are a new challenge for Big Pharma. Here are the best-positioned stocks
Health

Trump’s tariffs are a new challenge for Big Pharma. Here are the best-positioned stocks

Long-standing trade agreements have largely sheltered the pharmaceutical industry from tariffs but President Donald Trump’s goal of bringing manufacturing back to the United States has put the industry in the administration’s crosshairs. Trump first floated the idea of imposing tariffs of as much as 25% on imported pharmaceuticals in mid-February. Since then, he has repeated […]

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European markets open mixed ahead of more earnings reports; GSK up 6%
World

European markets open mixed ahead of more earnings reports; GSK up 6%

TotalEnergies posts 21% drop in annual profit French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand. The oil and gas giant posted full-year 2024 adjusted net income of $18.3 billion, reflecting a 21% fall from $23.2 billion a year earlier. Analysts had expected TotalEnergies’ […]

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Vaccine stocks fall as Senate panel advances RFK Jr.’s nomination for HHS secretary 
Business

Vaccine stocks fall as Senate panel advances RFK Jr.’s nomination for HHS secretary 

FILE PHOTO: Robert F. Kennedy Jr., U.S. President Trump’s nominee to be secretary of Health and Human Services, testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30, 2025.  Nathan Howard | Reuters Shares of vaccine companies fell on Tuesday after a Senate panel […]

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Pharma is hopeful about Trump’s second term — here’s what to expect for drugmakers
Business

Pharma is hopeful about Trump’s second term — here’s what to expect for drugmakers

U.S. President Donald Trump speaks about prescription drug prices during an appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 20, 2020. Carlos Barria | Reuters Pharmaceutical companies appear to be hopeful about their growth under a Trump administration, after former President Joe Biden took a hardline stance on […]

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Ozempic is in the next round of Medicare drug price negotiations. See the full list of 15 medications
Health

Ozempic is in the next round of Medicare drug price negotiations. See the full list of 15 medications

U.S. President Joe Biden speaks about prescription drug costs during an event at NHTI Concord Community College in Concord, New Hampshire, U.S., October 22, 2024. REUTERS/Elizabeth Frantz Elizabeth Frantz | Reuters The Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off […]

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