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Tyson Sinks, Walmart Falls After Trump Moves To Temporarily Lower Beef Import Tariffs
Tyson Sinks, Walmart Falls After Trump Moves To Temporarily Lower Beef Import Tariffs
Tyson Foods and Walmart shares moved lower around noon in New York, while major Brazilian meatpacker Minerva Foods moved higher on a Wall Street Journal report that says the White House will temporarily cut beef import tariffs
According to the WSJ report, the plan would suspend the annual tariff-rate quota, which imposes higher duties once import limits are reached, allowing more foreign beef to flood the U.S. at lower tariff rates to suppress soaring prices.
The move comes as the...
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US Says (New) Ayatollah Wounded, Disfigured - While Other Iranian Leaders Defiantly March In Tehran As Bombs Fall
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Summary:
Pentagon has just confirms two additional deaths in Thursday's downing of a KC-135 refueling tanker aircraft over Western Iraq: all six US crewmembers are deceased.
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"Worst-Case Scenario": Novo Nordisk Plunges After Next-Gen Obesity Drug Falls Short Of Lilly Rival
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Shares of Novo Nordisk A/S plummeted again on Monday after the company reported trial results showing its next-generation obesity shot, CagriSema, delivered 20.2% weight loss at 84 weeks, compared to 23.6% for Eli Lilly & Co.’s tirzepatide (Zepbound).
Bloomberg Intelligence analyst Michael Shah explained, "This outcome is the worst-case scenario for Novo and heightens the need for M&A with Novo’s other GLP-1/Amylin drug."
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