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AstraZeneca on Friday became the second major pharmaceutical manufacturer to announce it had agreed to lower the cost of prescription drugs for Medicaid under a deal struck with the Trump administration that avoided its threats of steep tariffs.
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Trump announces new 100% tariff on Chinese imports, after stock market sell-off ABC News - Breaking News, Latest News and VideosStock market today: Dow sinks 800 points, S&P 500 and Nasdaq see worst day since April as Trump's renewed tariff threats spook Wall Street Yahoo FinanceTrump says he'll impose new 100% tariff on China ‘over and above' current rates, massively escalating trade war CNN
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White House Signals Federal Layoffs Have Begun Amid Government Shutdown The New York TimesLive updates: Government shutdown reaches tenth day, Congress still deadlocked on funding plan | CNN Politics CNNTrump news at a glance: layoffs for federal workers begin and president threatens China with tariffs The GuardianVought sounds layoff siren: ‘The RIFs have begun' Politico"This is a disaster": Congress erupts at Trump's shutdown mass firings Axios
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The S&P 500 slumped more than 2 percent for the first time in six months, rattling investors after a long stretch of gains.
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The president made the threat after Beijing imposed new global restrictions on the use of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries.
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Dow drops almost 900 points, S&P 500 declines the most since April after Trump's new China tariff threat CNBCDow falls nearly 900 points after Trump reignites trade war between the world's two largest economies CNNTrump Threatens to Impose New Tariffs on China and Cancel Meeting With Xi The New York TimesStocks plunge as Trump threatens China with massive tariff USA Today
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