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Big Pharma wants to bring back a tax break that could save it $15 billion

Quartz

qz.com › big-pharma-trump-tax-breaks-15-billion-1851768173

Big Pharma is pushing to bring back a tax break that could have saved them at least $15.4 billion in 2023 alone, according to a new analysis by Americans for Tax Fairness (ATF) and Lower Drug Prices Now (LDPN).

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Nvidia stock falls 6% into a correction as the Nasdaq bleeds

Quartz

qz.com › nvidia-falls-correction-nasdaq-bleeds-tariff-war-1851768225

Nvidia (NVDA) stock fell 5.7% on Thursday, bringing its decline this year to more than 17% amid concerns about declines in spending on AI, amid a general selloff in that took the tech-centered Nasdaq 100 down 2.8%. The wider Composite index fell 2.6%.

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Trump's crypto venture piles up Ether and more ahead of White House Crypto Summit

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qz.com › trump-piles-up-ether-white-house-crypto-summit-1851768055

Just one day before President Donald Trump is set to unveil his crypto reserve plan at the White House Crypto Summit, his crypto venture, World Liberty Financial, has begun piling up significant amounts of Ether, the second-largest cryptocurrency by market cap, Wrapped Bitcoin, and other digital assets.

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The price to listen to Alex Cooper and Howard Stern on SiriusXM might change, thanks to tariffs

Quartz

qz.com › siriusxm-trump-tariffs-car-sales-1851768082

President Donald Trump’s proposed tariffs on automakers could ripple beyond the automotive industry, with SiriusXM (SIRI) now expressing concern about potential impacts to its subscription-based business model.

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Microsoft has axed almost 2,000 workers so far this year

Quartz

qz.com › microsoft-lays-off-2000-employees-1851768037

Microsoft (MSFT) has reportedly axed almost 2,000 workers so far this year, but the cuts aren’t being announced as a byproduct of declining macroeconomic conditions or the fallout from tariffs. Instead, the company is pinning the eliminations on performance, Business Insider reported.

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Delta announces aircraft of the not-too-distant future

Quartz

qz.com › delta-airlines-announces-prototype-partnership-1851768023

This story seems to be about:

The exterior design of a commercial jet hasn’t changed much in the past 70 years. And inside, it’s not much different either. There are still screaming babies, beverage carts that hit your leg, and pretzel bags that won’t open. And while Delta (DAL) isn’t saying anything about the pretzel bags, they are announcing a…

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Trade wars have no winners, S&P economists say, trimming GDP forecasts

Quartz

qz.com › trump-trade-war-growth-inflation-us-canada-mexico-china-1851768024

The trade war President Donald Trump has initiated will reduce economic growth and boost jobless rates and inflation across the board, according to economists at S&P Global (SPGI).

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