TRUMP EXECUTIVE ORDER
Target shares fall 7% after co cuts annual forecasts as tariff pressure mounts, demand slows further
Target slashed its annual sales forecast on Wednesday after posting a sharp fall in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending due to U.S. President Donald Trump's tariff war.
Trump’s Golden Dome, the future of defence or a Star Wars fantasy in space?
Donald Trump initiated the Golden Dome project to shield the US from missile attacks. This ambitious plan aims to intercept threats from any location. The project faces technical and financial hurdles. Experts estimate costs could exceed $500 billion. Concerns exist about reigniting an arms race with China and Russia. Collaboration among US defense agencies remains unclear.
How Trump and Elon Musk's chaotic policy has impacted tens to thousands of US government workers
The Trump administration, with Elon Musk's assistance, has initiated measures to downsize the federal government, leading to significant workforce reductions. Musk is leading DOGE, an advisory body formed to slash federal spendings. Facing constant stress and demoralization, tens of thousands of government workers have opted for buyouts or early retirement. Lawsuits challenging these actions are underway, with a judge temporarily halting layoffs at several agencies, citing the need for Congressional approval.
US Supreme Court lets Trump end deportation protection for Venezuelans
The Supreme Court has allowed the Trump administration to end temporary protected status for about 350,000 Venezuelans, reversing a lower court's decision. This action lifts protections granted under the Biden administration, potentially leading to increased deportations. Advocates argue Venezuela remains unsafe, while the Justice Department asserts executive authority over immigration policy.
Crypto memecoin $TRUMP dinner blurs lines between profit and politics
Launched hours before his January inauguration, the $TRUMP memecoin is only one example of the Trump family's ever-expanding moves into cryptocurrency. Much of the crypto industry frowns upon these coins or tokens, fearing they tarnish the sector's credibility, amid reports of quick pump-and-dump schemes that leave unwitting buyers paying for assets that end up worthless.
'Permanent ban on travelling or deportation': US Embassy in India issues warning
The US Embassy in India has issued a warning to travellers. It advises them not to overstay their visas. Overstaying could lead to deportation. It might also result in a permanent ban from the United States. This advisory applies to all Indian citizens with time-bound visas. The warning comes amid stricter immigration enforcement. The Trump administration's policies are also mentioned.
- Go To Page 1
Trump administration requests Supreme Court to allow layoffs of federal workers
The Trump administration sought Supreme Court's approval for federal worker layoffs. This request followed a lower court's order halting the administration's plan. The administration aims to reduce the federal workforce through this action. Solicitor General John Sauer argued against the lower court's intervention. Several agencies are involved in these potential layoffs. Labor unions and states oppose the administration's move.
MAGA erupts in fury as Donald Trump appointed Justice Amy Coney Barrett opposes ending birthright citizenship, sparking outrage
Justice Amy Coney Barrett questioned Trump's lawyer in court about birthright citizenship, upsetting MAGA supporters. Her comments showed concern about limiting court power, sparking anger online from those expecting her full support.
Hundreds of Voice of America contractors face mass job losses in Trump's latest crackdown
Hundreds of Voice of America contractors may lose their jobs. This follows administrative leave for full-time employees. The Trump administration is dismantling the US Agency for Global Media. Around 1,300 staffers were placed on leave after an executive order. Some terminated journalists may face danger in their home countries. The US government claims VOA has a left-leaning bias.
Generic pharma companies unlikely to be impacted by Trump's order to cut Rx drug prices: Report
A report suggests Indian generic drug companies may not be affected by US President Donald Trump's order. The order aims to lower US prescription drug prices. It will match them to those of other developed nations. The 'Most-Favoured-Nation' price model will be introduced. This model will cover Medicare and Medicaid. The order may face legal challenges.
Birthright Citizenship: What does 14th Amendment of US Constitution say, and all we know about upcoming US Supreme Court hearing against President Donald Trump’s order
The US Supreme Court is hearing a case on May 15 over President Donald Trump’s order to restrict birthright citizenship. This challenge questions the long-standing interpretation of the 14th Amendment. The hearing could redefine who qualifies as a US citizen by birth under constitutional law.
‘Birthright citizenship is about babies of slaves’: Trump urges US Supreme Court to end immigration ‘scam’
Donald Trump urged the Supreme Court to reconsider birthright citizenship, arguing it was intended for children of slaves, not immigrants. This comes as the court hears a case challenging nationwide injunctions, stemming from Trump's order to end automatic citizenship for children of undocumented immigrants. The administration seeks to limit injunctions, while opponents argue they ensure consistent citizenship rights.
US Supreme Court weighs judicial checks on Donald Trump with birthright case
The US Supreme Court hears a case Thursday that could result in a radical reversal of constitutional interpretation and sharply curb the judiciary's ability to rein in Donald Trump -- or future American presidents. - Uniformity of US citizenship - The Trump administration is asking the Supreme Court to restrict the application of a district court's injunction solely to the parties who brought the case and the district where the judge presides.
Chill, trimmed pill prices won't hurt us
Donald Trump's executive order targeting international consumer price parity for prescription drugs in the US faces implementation challenges and potential legal battles. While unlikely to significantly impact Indian generic drug exporters, the order aims to increase imports from developed economies.
Donald Trump’s order to lower prices may benefit generics, says Cipla CEO
Cipla anticipates that Donald Trump's order to lower US drug prices could favor generic drug companies like itself. The company reported a strong Q4 performance with a 30% increase in net profit. Cipla is optimistic about growth in India, particularly in the weight-loss drug market, and is exploring both organic and inorganic expansion opportunities.
US govt order unlikely to impact on Indian pharma players, says Cipla
Umang Vohra of Cipla says that the US order to lower drug costs will likely target branded drugs. He believes generic drug prices are already competitive. Vohra also states that potential US tariffs on pharmaceutical imports are not expected to significantly impact Cipla's business. He mentions that discussions between the US and Indian governments are ongoing.
US Supreme Court faces dual controversies in birthright citizenship case
The Supreme Court is set to hear arguments regarding Trump's policy restricting birthright citizenship, focusing on the legality of nationwide injunctions issued by lower courts. The administration seeks to narrow these injunctions, allowing broader enforcement of the policy while its legality is debated.
Trump wants to slash prescription drug prices in US. What it means for your pharmacy bill
Donald Trump has signed a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay that analysts and legal experts said would be difficult to implement.The order gives drugmakers price targets in the next 30 days, and will take further action to lower prices if those companies do not make "significant progress" toward those goals. The question that remains is that how Trump's directive to pharma companies may affect your pharmacy bill.
Donald Trump's pharma pricing diktat details and how it can be legally challenged
President Trump signed an executive order aimed at lowering U.S. drug prices to match those of other countries, prompting industry concerns and potential legal challenges. The order directs action if drugmakers don't make progress, including considering imports and export restrictions. While trade groups criticized the move, shares of drugmakers rallied, suggesting skepticism about its implementation.
Trump’s drug price order raises alarm bells for Indian pharma
President Trump's plan to lower US prescription drug prices by aligning them with other countries could impact Indian pharmaceutical companies, which heavily rely on the US market for revenue. While primarily targeting innovator drugmakers, the move may squeeze Indian generic firms, potentially leading to margin pressure and strategic adjustments.
Pharma stocks rally up to 4%, but will Trump order really have minimal impact?
The Nifty Pharma index gained around 2% on Tuesday, defying the broader market trend, as the Nifty slipped nearly 0.5% amid profit-booking following Monday’s sharp rally — the strongest single-day gain in the past four years for the benchmark indices.
US pharma stocks gain up to 5% on Trump's move to slash drug prices
President Trump plans to sign an executive order mandating drugmakers to align U.S. drug prices with those of other countries, setting price targets within 30 days. If companies fail to make significant progress within six months, the government will consider measures like importing drugs and export restrictions.
What is Trump's ‘most favored nation’ drug pricing policy and how will it reduce costs? Explained
President Donald Trump on Sunday announced that he will be signing an executive order to reduce prescription drug prices in the US. The 78-year-old mentioned his ‘Most Favored Nation’ (MFN) drug pricing policy, saying it will bring down prices by 30% to 80%. “I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World," he wrote.
Trump announces 59% drug prices cut
Donald Trump plans to cut drug prices by 59 percent. He announced this after unveiling a new pharmaceutical policy. Trump aims to sign an executive order to reduce prices. The order would implement a "most favored nation's" policy. This would link US drug costs to the lowest prices paid by other countries. He tried similar plans before, but faced opposition.
Trump promises to order that the US pay only the price other nations do for some drugs
Donald Trump announced he will sign an executive order aiming to lower drug costs by tying Medicare prices for certain medications administered in doctor's offices to the lowest prices paid by other countries. This "most favored nation" policy, targeting drugs covered under Medicare Part B, seeks to address the disparity in U.S. drug prices compared to other nations.
Pharma stocks in focus as Trump announces cut in prescription drug prices by 59%
Trump announced that the U.S. would adopt a "Most Favored Nation" policy, under which it would pay the same price for prescription drugs as the country with the lowest rates globally. “Our Country will finally be treated fairly, and our citizens' healthcare costs will be reduced by numbers never even thought of before,” he said in a post.
Pie in the sky? Trump’s executive order on pharma unlikely to see the light of day: N Jayakumar
N Jayakumar of Prime Securities deems the US executive order on pharma prices as unrealistic and anticipates legal challenges. He emphasizes the dominance of large pharmacy chains and their markups on generic drugs, suggesting that inefficient distribution, rather than price control, is the core issue. Reducing distribution costs is key to making drugs more affordable for consumers.
Trump says 'illegals can book a free flight to any foreign country' via CBP Home app. What is it?
President Donald Trump is urging illegal immigrants to jump before they are pushed out of the US after a signing an executive order "to launch the first-ever self-deportation program" on Friday. Homeland Security said earlier this week that migrants would be offered a $1,000 stipend each to leave the US.
What is Donald Trump's Golden Dome that has sparked a debate in America, is it symbolic patriotism or a costly vanity megaproject?
Donald Trump’s Golden Dome missile defense plan aims to build a massive, space-based shield to protect the U.S. from long-range missile threats. Inspired by Israel’s Iron Dome, this high-tech defense system would use lasers, interceptors, and satellite networks to stop nuclear attacks before they reach American soil. With $25 billion already proposed and comparisons to the Manhattan Project, the Golden Dome raises big questions about cost, feasibility, and global security risks. Experts say it’s technically possible, but it could spark an arms race and drain U.S. resources.
Load More
