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Trump expands generics tariff, broadens Section 232 scope

President Donald Trump unveiled a phased tariff plan for imported generic drugs, imposing a zero tariff for two years starting August 1, 2026, then escalating to 100% for one year and 200% thereafter to push onshoring of U.S. production and penalize companies that don’t build domestic facilities. The move expands the administration’s pharmaceutical trade policy after an earlier Section 232 action and signals potential broader application beyond generics to reshape drug supply chains.

10 sources

Photo: Wolfgang Fricke / Wikimedia Commons (CC BY 3.0)

US Warns Over Houthi Red Sea Blockade

President Donald Trump said the United States would “take care of it” if Yemen’s Houthis move to block Red Sea shipping, noting past actions against the group and indicating Washington would respond if the threat materializes. The comments come as the Houthis threaten to disrupt one of the world’s key trade routes amid broader U.S.-Iran tensions and regional clashes over Saudi ports and airports.

20 sources

Photo: Studio Harcourt / Wikimedia Commons (CC BY 3.0)

Amitabh Bachchan Reports ICU Stay, Surgery, On Road to Recovery

Amitabh Bachchan disclosed that he was hospitalized for surgery and spent time in the ICU, and has since returned home, describing the post-discharge recovery as the most difficult phase of life—physically, psychologically, and practically. He did not reveal details of the surgery, and fans have shown concern and swept in with well-wishes as his team keeps updates private.

9 sources

Photo: Alexander Migl / Wikimedia Commons (CC BY-SA 4.0)

Volkswagen nears stake sale to JSW in India

Volkswagen is in advanced talks with JSW Group to sell a majority stake in Skoda Auto Volkswagen India Pvt. Ltd. to accelerate its expansion in India, one of the world’s fastest-growing auto markets, with discussions focused on forming a local partner and leveraging JSW’s footprint. However, critical details such as deal valuation, capital commitments, and investment size remain unresolved across multiple reports.

6 sources

Photo: U.S. Department of State / Wikimedia Commons (Public domain)

Rubio Arrives Manila as US Condemns China Actions

The United States condemned China’s dangerous and aggressive actions after a clash with the Philippine Navy in the South China Sea as Rubio arrived in Manila for ASEAN meetings, reaffirming Washington’s commitment to freedom of navigation and the regional defense umbrella, and signaling openness to a meeting with Chinese Foreign Minister Wang Yi. Manila and Beijing trade allegations over an incident near a disputed outpost, with China denying the Philippine account of a Coast Guard injury.

7 sources

Photo: World Bank Group/ Grant Ellis / Wikimedia Commons (CC BY-SA 4.0)

Ukraine Receives $690 Million IMF Disbursement Amid War

The IMF has approved a $690 million disbursement for Ukraine under its $8.1 billion loan program, bringing total funding to about $2.2 billion as Kyiv maintains macroeconomic stability amid ongoing war. While targets have been met, several structural reforms slowed or were delayed, prompting a revised reform timetable and additional corrective measures to keep the program on track amid heightened security risks and a projected slower 2026 growth.

11 sources

Photo: Daniel Torok / Wikimedia Commons (Public domain)

MAGA Inc War Chest Tops $400 Million Ahead of Midterms

Trump-aligned MAGA Inc has amassed more than $400 million in cash by the end of June, up from $300 million at the start of the year, with June contributions including $1 million from Jared Isaacman and $10 million from Tyler and Cameron Winklevoss who liquidated bitcoin. This vast fundraising edge underscores a dominant financial position for Trump allies ahead of the 2026 midterms, as other GOP fundraising groups also hold large cash reserves, while June spending by MAGA Inc was relatively light.

7 sources

Photo: gren / Wikimedia Commons (Public domain)

LSE plans night-time trading venue 2027

The London Stock Exchange plans a dedicated overnight trading venue in 2027 that will run from 5:00 pm to 7:50 am London time, initially offering exchange-traded products while leaving the main market’s hours unchanged. The move, touted by LSE chief executive Julia Hoggett as meeting growing retail demand and competition from 24/7 crypto platforms, will also position the LSE to support future AI-driven trading tools.

12 sources

Photo: Azreey / Wikimedia Commons (CC BY-SA 4.0)

AppleCare+ Price Increase Hits New Mac, iPad Plans

Apple has raised AppleCare+ prices for new Mac and iPad subscribers by 50 cents per month and $5 per year, while existing customers keep their current rates; the changes apply to Macs and iPads and come amid broader anticipated hardware price increases, with iPhone pricing expected later. The move follows ongoing adjustments in Apple’s service and product pricing strategy to offset rising costs.