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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

1 month ago
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

1 month 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

1 month ago
He added, “This beautiful island of five million people has got the entire U.S. pharmaceutical industry in its grasp.” 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Politics

Simplified: President Trump said Ireland has got the entire U.S. pharmaceutical industry in its grasp

1 sources

1 month ago
The president complained in March that Ireland’s tax policies “took our pharmaceutical companies away.” 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Politics , Tax

Simplified: President complained in March that Ireland's tax policies took our pharmaceutical companies away

1 sources

1 month ago
Last year, Ireland sent $50 billion worth of pharma products to the United States, most of which were made and shipped by multinational drug companies. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Economy

Simplified: Ireland sent $50 billion worth of pharma products to the United States last year most of which were made and shipped by multinational drug companies

1 sources

1 month ago
This relationship has provoked the ire of the Trump administration. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Politics

Simplified: Ireland-US pharmaceutical trade relationship has provoked the ire of the Trump administration

1 sources

1 month ago
The bulk of those shipments were from Eli Lilly, which manufactures active ingredients for its popular obesity drug Zepbound in Ireland. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: The bulk of weight-loss drug ingredient shipments from Ireland were from Eli Lilly

1 sources

1 month ago
Unlike India and China, where local companies manufacture low-cost generics, Ireland is where the world’s biggest drugmakers produce expensive brand-name medicines. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Economy

Simplified: Ireland is where the world's biggest drugmakers produce expensive brand-name medicines unlike India and China

1 sources

1 month ago
Irish trade data shows that about $35 billion worth of ingredients used in weight-loss drugs were exported out of Ireland in the first three months of this year. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Economy

Simplified: Irish trade data shows about $35 billion worth of ingredients used in weight-loss drugs were exported out of Ireland in the first three months of this...

1 sources

1 month ago
Merck said it had shuttled enough Keytruda to the United States to supply American patients for the rest of the year. 0.900

👤 Merck 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: Merck said it had shuttled enough Keytruda to the United States to supply American patients for the rest of the year

1 sources

1 month ago
In the first five months of this year, shipments of pharma products from Ireland to the United States were up nearly fourfold compared with the same period in 2024. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Economy

Simplified: Shipments of pharma products from Ireland to the United States were up nearly fourfold in the first five months of this year compared with 2024

1 sources

1 month ago
Next year, the company plans to begin shifting Keytruda production for American patients to the United States. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: Merck plans to begin shifting Keytruda production for American patients to the United States next year

1 sources

1 month ago
In recent months, as Mr. Trump threatened to impose punishing tariffs on medicines, most of the largest drugmakers announced plans to spend billions of dollars building or expanding U.S. factories. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: Largest drugmakers announced plans to spend billions building or expanding U.S. factories as Trump threatened tariffs

1 sources

1 month ago
That means that, in theory, imports should be offset elsewhere in the data, either showing up as spending or as unsold products held in inventory. 0.900

👤 The author 📋 News Article 🏷️ Economy , Trade

Simplified: Imports should be offset in data as spending or unsold inventory in theory.

1 sources

1 month ago
Last year, Ireland sent $50 billion worth of pharma products to the United States. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Economy

Simplified: Ireland sent $50 billion worth of pharma products to the United States last year

1 sources

1 month ago
They will be better positioned to weather the tariffs if they have “sophisticated tax skills,” Wall Street analysts at the investment bank Leerink wrote to investors in July. 0.800

👤 Wall Street analysts at the investment bank Leerink 📋 News Article 🏷️ Trade , Pharmaceuticals , Business , Tax

Simplified: Drugmakers will be better positioned to weather tariffs if they have sophisticated tax skills according to Leerink analysts

1 sources

1 month ago
If they move manufacturing to the United States, they will most likely face a range of increased costs. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: Drugmakers will most likely face increased costs if they move manufacturing to the United States

1 sources

1 month ago
The tariffs on medicines from Europe, which could go into effect within weeks, create a new calculus for drugmakers. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: Tariffs on medicines from Europe create a new calculus for drugmakers

1 sources

1 month ago
If they keep production in Ireland, they face billions of dollars in levies. 0.900

👤 The author 📋 News Article 🏷️ Trade , Pharmaceuticals , Business

Simplified: Drugmakers face billions of dollars in levies if they keep production in Ireland

1 sources

1 month ago