Despite President Trump’s renewed tariff threats — including a 50% duty on copper and possible 200% levies on pharmaceuticals — European stocks advanced, suggesting investor resilience to geopolitical headwinds.
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Stocks and oil soar as traders shrug off Trump’s new tariff threats
European stocks rose as traders seemed untroubled by President Donald Trump's announcement that he would impose a 50% tariff on imported copper and soon introduce levies of up to 200% for pharmaceuticals. Read the full story
Merck to acquire UK-based Verona Pharma for $10B
The New Jersey-based pharmaceutical giant aims to strengthen its presence in respiratory treatments. Read here
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Starbucks China attracts PE deal bids of up to $10B
Nearly 30 private equity firms have expressed interest in the Seattle-based coffeehouse chain's unit. Read here
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NEWS WORTH NOTING
America’s top power grid strives to meet AI demand
PJM is under strain as data centers and AI chatbots consume power faster than new plants can be built. Read here