Business Update

Behind the scenes, major pharmaceutical companies and Trump-tied billionaires are furiously lobbying in opposite directions over proposed anti-China measures. Source link

The Danish drugmaker said it needed to streamline operations and become more agile, as it faces a more competitive and consumer-focused market. Source link

Commerce Secretary Howard Lutnick is building an investment accelerator inside the agency, though his hardball tactics with companies are raising concern. Source link

Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president’s role over the economy. Source link

Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say. Source link

Stephen Miran, a top economic adviser to the president, has said he intends to take a leave of absence if confirmed, heightening fears about the central bank’s independence. Source link

The decision is a win for Lisa Cook, the Federal Reserve governor that President Trump sought to dismiss over allegations of mortgage fraud. Source link

The planned shutdown, which will affect transit in and beyond Paris, dovetails with the tube strike in London. Source link

The justices moved quickly to schedule oral argument to consider the legality of the president’s signature economic initiative. Source link

Facebook has repeatedly flagged his accounts, he says, for “impersonating” the company’s founder, Mark E. Zuckerberg. Source link