S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"

Trump Calls In FEMA To Respond To Sewage Disaster In Potomac River Authored by Jill McLaughlin via The Epoch Times, President Donald Trump is directing federal emergency teams to respond to a sewage spill on the Potomac River, calling it a “massive ecological disaster” and blaming local leaders for not handling the crisis, which began nearly a month ago. “There is a massive Ecological Disaster unfolding in the Potomac River as a result of the Gross Mismanagement of Local Democrat Leaders, particularly, Governor Wes Moore, of Maryland,” Trump posted on Truth Social...

UBS Warns Trump's 100% Generic Drug Tariff Puts Indian Pharma "On Notice"; Goldman Flags Reshoring Winners President Trump will impose a 100% tariff on imported generic drugs starting in August 2028, rising to 200% a year later, unless manufacturers shift production to the US. "This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them," Trump wrote on Truth Social late Tuesday. He continued, "The objective of this...

Brazil's Socialist Lula Cries 'Foreign Interference' At UN As Bolsonaro Ties Him In Runoff Polls "Flávio Bolsonaro has moved marginally ahead of Lula in a potential run-off, with the race effectively tied," Daniel Lavarda, HSBC's head of Brazil macroeconomic research, wrote in a note to clients on Tuesday.  Lavarda said, "Worsening approval ratings weigh on Lula's prospects, reducing probability of re-election to 18% (per to our model)," adding, "With the race tied up, the outcome will hinge on late-campaign developments, turnout and ability to mobilize voters."  Lavarda's latest note on the Brazilian election...