Global markets advanced after a pause in US strikes on Iran knocked oil prices lower, while AstraZeneca reported stronger-than-expected quarterly profit on the back of cancer drug sales.
The plan gives generic drug imports a two-year tariff reprieve before steep duties begin in 2028, intensifying pressure on foreign suppliers and testing whether U.S. drug production can be brought home.
UK consumer price growth slowed more than economists expected in June, offering some relief to households and markets even as analysts warned the outlook could worsen if geopolitical tensions push up energy prices again.
According to the report, the president’s support for crypto has helped bring the industry into the mainstream even as critics warn that the move could expose the financial system to new risks.
Andy Burnham’s early priorities point to a broad attempt to revive growth, shift power away from Westminster and ease pressure on households, but the constraints on public finances and time are severe.
Import prices climbed in June even as energy costs eased, with goods from China posting their biggest monthly increase since January 2008.
Netflix beat earnings expectations only slightly, but investors focused on a weaker forecast and the company’s decision to publish fewer engagement updates.
UnitedHealth beat Wall Street expectations in the second quarter and raised its full-year profit forecast, citing better management of medical costs and operational gains from artificial intelligence.
Green leader Zack Polanski said reports that Shabana Mahmood could become chancellor under Andy Burnham pointed to a Labour leadership that would avoid confronting bankers or taxing wealth.
Warren Buffett warned that speculation is crowding out long-term investing, saying genuine bargains are increasingly difficult to find.