Generic drug manufacturers must move production to the US or face a 100% import duty from August 2028, President Donald Trump said, threatening the supply of low-cost medicines that millions of Americans rely on.
In the Middle East, the White House plays down the prospect of immediate peace talks with Iran, as Houthi militants in Yemen continue to threaten shipping in the Red Sea.
And OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face in an “unprecedented” incident that prompted fresh calls for curbs on the technology.
Today’s guests:
Johanna Kyrklund, Schroders, CIO; Chris Hayward, City of London Corporation, Policy Chairman; Michael Haigh, SocGen CIB, FIC & Commodities Research Head.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:50 – US big tech earnings kick off today
00:02:04 – OpenAI says its models accidentally hacked Hugging Face
00:04:16 – Johanna Kyrklund, Schroders CIO
00:15:02 – Trump’s tariffs target generic drug manufacturers
00:18:01 – Equinor earnings beat estimates
00:19:27 – Santander 2Q net income beats estimates
00:23:40 – Wednesday headlines+
00:24:20 – Rubio: Iran not serious about talks
00:28:21 – Michael Haigh, SocGen, Head of FIC & Commodities Research
00:36:21 – Zelenskyy ousts army chief after nationwide protests
00:40:42 – UK inflation eased more than expected in June
00:42:51 – Chris Hayward, City of London, Policy Chairman
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