Trump’s Generic Drug Tariffs: ‘Cannot Be Absorbed,’ Prices to Rise in Lockstep

‼️ 💊 U.S. President Donald Trump’s proposed tariffs on generic drugs will increase the price of these medicines for patients in the country, Erez Israeli, the chief executive of Indian drugmaker Dr. Reddy’s Laboratories said. Generic drugs are a low-margin business and “this kind of level of tariff cannot be absorbed” by the company, Israeli said, adding it will lead to prices increasing “in the magnitude of the tariff.”

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Brent crude crosses $100

‼️ BREAKING: Brent crude crosses $100 after tankers reportedly struck off Saudi Arabia. Thursday’s price rise put Brent crude futures on course for a monthly gain of 35.3% — the third-biggest monthly jump in the past 10 years. WTI futures were also on course for their third-largest monthly rise in a decade, on a monthly increase of about 30%.