ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Trying to keep up with tariff action? You may need a scorecard. |
As President Donald Trump contemplates extending a global trade war to imports from Europe, the health-care industry is gauging potential fallout from tariffs levied on goods imported from China. |
Health analysts and generic drug manufacturers said the 20% levy from two rounds of tariffs on goods imported from China, a major supplier of medical equipment and prescription drugs for the United States, could shrink inventories and raise prices. |
In other wellness news, television host and surgeon Dr. Mehmet Oz was grilled by senators on Friday during a hearing on his bid to run an agency that oversees health coverage for more than 160 million Americans. |
During Friday's hearing, Oz vowed to empower patients to take charge of their health care and crack down on fraud, waste and abuse to safeguard federal health programs. But senators grilled the celebrity doctor on his record. |
In the latest trade salvo, President Trump said he does not intend to create exemptions to sweeping steel and aluminum tariffs and reaffirmed that additional duties will go into effect early next month. |
Speaking to reporters aboard Air Force One late Sunday, Trump said 25% tariffs on all steel and aluminum imported into the U.S., which went into effect last week, are here to stay. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Generic drugmakers and hospital pharmacists warn that added financial pressure from tariffs could strain the nation's generic drug supplies. | | | | Television host and surgeon Mehmet Oz was grilled during a Senate hearing on his bid to run agency that provides health coverage for 160 million. | | | | President Donald Trump told reporters he does not intend on creating exemptions on the 25% steel and aluminum tariffs that went into effect last week. | | | | U.S. stock index futures took a hit on Monday as Treasury Secretary Scott Bessent's comments added to unease about an economic slowdown. | | | | Relations have gotten so bad Canadians have been booing the American National Anthem during hockey games. | | | | The United States has reached out to Denmark and other European nations asking if they can export eggs as Americans face surging egg prices. | | | | In light of recent high-profile aviation incidents, experts reassure travelers that commercial air travel in the U.S. remains exceptionally safe. | | | | With its 'Back to Starbucks' strategy, Starbucks is testing new store designs and refining its menu. It's also adding more power outlets and seating. | | | | Roth IRAs have special attributes that make them an important step in saving for retirement | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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