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Extracted Claims (29746)

Few of America’s major trading partners were spared under the updated duties, which together sent the average effective U.S. tariff rate to its highest level in nearly a century. 0.900

👤 Tony Romm 📋 News Article 🏷️ Trade , Tariffs , Economy

Simplified: Updated duties sent average U.S. tariff rate to highest level in nearly a century.

1 sources

3 days ago
The president’s levies — which are expected to drive up prices for American consumers, and have spooked many businesses around the world — officially took effect just after midnight. 0.900

👤 Tony Romm 📋 News Article 🏷️ Trade , Tariffs , Economy

Simplified: President's levies took effect after midnight expected to drive up prices for American consumers and spook businesses.

1 sources

3 days ago
Mr. Trump has had less success using a 50 percent tax on key Brazilian products as a bully pulpit to force the judicial branch to drop the case against Mr. Bolsonaro. 0.900

👤 Ana Ionova 📋 News Article 🏷️ Politics , Legal

Simplified: Mr Trump has had less success using a 50 percent tax to drop the case against Mr Bolsonaro.

1 sources

3 days ago
But the levies appear to be having more success in opening doors for America’s Big Tech companies as they seek to influence the rules governing them. 0.800

👤 Ana Ionova 📋 News Article 🏷️ Technology , Politics , Business

Simplified: Tariffs are opening doors for American Big Tech companies to influence Brazilian rules.

1 sources

3 days ago
With President Trump on their side, U.S. technology companies now have more leverage in Brazil, where they seek to influence new rules policing their platforms. 0.800

👤 Ana Ionova 📋 News Article 🏷️ Technology , Politics , Business

Simplified: US technology companies have more leverage in Brazil with President Trump's support to influence platform rules.

1 sources

3 days ago
President Trump’s punishing new tariffs on about 90 countries snapped into place on Thursday, sending foreign leaders in some of the hardest-hit economies rushing to contain the damage and convince Wa... 0.900

👤 Tony Romm 📋 News Article 🏷️ Trade , Tariffs , Politics

Simplified: President Trump's tariffs on about 90 countries took effect Thursday causing foreign leaders to react.

1 sources

3 days ago
President Trump’s use of painful tariffs against Brazil has so far not sprung his political ally Jair Bolsonaro from house arrest as he awaits trial on charges of plotting a coup. 0.900

👤 Ana Ionova 📋 News Article 🏷️ Politics , Legal

Simplified: President Trump's tariffs have not freed Jair Bolsonaro from house arrest in Brazil.

1 sources

3 days ago
As a result, while three-fifths of Keytruda sales have been in the United States, Merck has booked much of the profits in the Netherlands. 0.900

👤 The author 📋 News Article 🏷️ Business , Tax

Simplified: Merck has booked much of Keytruda profits in the Netherlands while three-fifths of sales have been in the United States.

1 sources

3 days ago
Merck has been reaping tax benefits from producing Keytruda in Ireland. 0.900

👤 The author 📋 News Article 🏷️ Business , Tax

Simplified: Merck has been reaping tax benefits from producing Keytruda in Ireland.

1 sources

3 days ago
Ms. Herrmann said that the patents protecting Keytruda have always been held in the Netherlands, where the drug was discovered in the 2000s before Merck acquired it. 0.900

👤 Ms. Herrmann 📋 News Article 🏷️ Business , Health

Simplified: Keytruda patents have always been held in the Netherlands according to Ms Herrmann.

1 sources

3 days ago
Until then, the company says, U.S. contract manufacturers will handle production for American patients. 0.900

👤 Merck 📋 News Article 🏷️ Business , Health

Simplified: US contract manufacturers will handle Keytruda production for American patients until 2030 according to Merck.

1 sources

3 days ago
But European Union officials, worried about the bloc’s No. 1 export to the United States, fear that drugmakers will cut jobs or cancel or scale back planned expansions. 0.700

👤 European Union officials 📋 News Article 🏷️ Business , Economic

Simplified: EU officials fear drugmakers will cut jobs or scale back expansions due to tariffs.

1 sources

3 days ago
Merck recently broke ground on a factory in Delaware that is expected to begin making Keytruda in 2030. 0.900

👤 The author 📋 News Article 🏷️ Business , Health

Simplified: Merck broke ground on a factory in Delaware expected to begin making Keytruda in 2030.

1 sources

3 days ago
Drugmakers are expected to keep at least some of their manufacturing in Ireland regardless of the tariffs. 0.800

👤 The author 📋 News Article 🏷️ Business , Economic

Simplified: Drugmakers are expected to keep some manufacturing in Ireland regardless of tariffs.

1 sources

3 days ago
“If it was a tax scam, then those people wouldn’t be working,” said Daniel Mulhall, a former Irish ambassador to the United States. 0.800

👤 Daniel Mulhall 📋 News Article 🏷️ Tax , Political

Simplified: If Ireland was a tax scam those people wouldn't be working according to Daniel Mulhall.

1 sources

3 days ago
There was some sense of relief in Ireland that the 15 percent tariff was not higher, said Neil McGowan, an organizer for an Irish union that represents thousands of pharmaceutical workers. 0.800

👤 Neil McGowan 📋 News Article 🏷️ Economic , Political

Simplified: There was some relief in Ireland that the 15 percent tariff was not higher according to Neil McGowan.

1 sources

3 days ago
Irish officials said their country should not be dismissed as a tax shelter, pointing to the tens of thousands of Irish workers employed by multinational pharma companies. 0.800

👤 Irish officials 📋 News Article 🏷️ Tax , Political

Simplified: Irish officials said Ireland should not be dismissed as a tax shelter.

1 sources

3 days ago
This arrangement has allowed pharmaceutical companies to move profits out of Ireland and book them in tax havens like Bermuda or the Cayman Islands, which impose no income taxes at all, and where comp... 0.900

👤 The author 📋 News Article 🏷️ Business , Tax

Simplified: Licensing arrangements allow pharmaceutical companies to move profits out of Ireland to tax havens like Bermuda or the Cayman Islands.

1 sources

3 days ago
Over the past decade, global tax authorities have increasingly cracked down on such tactics. 0.900

👤 The author 📋 News Article 🏷️ Regulation , Tax

Simplified: Global tax authorities have increasingly cracked down on profit-shifting tactics over the past decade.

1 sources

3 days ago
Today, a vast majority of Ireland’s corporate tax revenue comes from multinational drug companies and tech giants, which have also used Ireland to shift profits. 0.900

👤 The author 📋 News Article 🏷️ Economic , Business , Tax

Simplified: A vast majority of Ireland's corporate tax revenue comes from multinational drug companies and tech giants.

1 sources

3 days ago