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Stada Postpones IPO Due to Market Volatility

Stada Postpones IPO Due to Market Volatility

Stada is postponing its initial public offering in Germany, the latest IPO candidate to put plans to go public on hold after U.S. President Trump's tariff blitz rattled markets globally.
The German healthcare company said Tuesday that it is evaluating a new date for its IPO due to geopolitical uncertainties and market volatility.

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RFK Jr.‘s new attack on vaccines, briefly explained
RFK Jr.‘s new attack on vaccines, briefly explained

Vox

time30 minutes ago

  • Vox

RFK Jr.‘s new attack on vaccines, briefly explained

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: Today, Dylan Scott and I are focusing on US Health Secretary Robert F. Kennedy Jr.'s decision to fire every member of a federal vaccine advisory board, an attack on medical science that will have negative repercussions for public health. What's the latest? Kennedy fired every sitting member of the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices on Monday. What does this board do? For more than 60 years, the panel has advised the federal government on vaccine policy, providing guidance — that officials have almost always followed — on which shots people should get and when. What's next? The vaccine advisory committee was first convened by the surgeon general in 1964, but it is not enshrined in federal law. That means Kennedy can change its membership or dissolve the panel entirely if he so desires. In firing the board's members, Kennedy called it 'little more than a rubber stamp for any vaccine.' What does this mean for us? Absent clear, science-based federal guidance on vaccines, it'll be harder for us to know which shots health experts think we should be getting. And, more broadly, it'll be harder for the population to achieve 'herd immunity' — when enough people are vaccinated against a disease to prevent it from spreading widely. The Logoff The email you need to stay informed about Trump — without letting the news take over your life, from senior editor Patrick Reis. Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. What's the big picture? Kennedy has a long history as a vaccine 'skeptic,' promoting unfounded theories about the supposed health risks of vaccines responsible for saving millions of lives. As Health secretary, he has made vaccine policy — and undermining the value of those vaccines — a centerpiece of his agenda. And with that, it's time to log off…

Optimism for U.S.-China Trade Talks Pushes Stocks Higher - Minute Briefing
Optimism for U.S.-China Trade Talks Pushes Stocks Higher - Minute Briefing

Wall Street Journal

time33 minutes ago

  • Wall Street Journal

Optimism for U.S.-China Trade Talks Pushes Stocks Higher - Minute Briefing

Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Danny Lewis: Here's your closing bell brief for Tuesday, June 10th, I'm Danny Lewis for the Wall Street Journal. Stock indexes closed higher as U.S.-China trade talks continued for a second day. The Dow Jones Industrial Average gained 105 points to close at 42,867. The S&P 500 advanced 33 points and the NASDAQ rose 124 points. Commerce Secretary, Howard Lutnick told reporters that the negotiations with China are going, "Really, really well." He said he hoped the talks would end tonight, but they could continue into Wednesday if needed. Elsewhere, new survey data from the National Federation of Independent Business showed small firms are feeling less worried about tariffs, alongside hopes for a boost from President Trump's tax and spending bill. But the World Bank painted a less optimistic picture saying it expects the U.S. economy to grow just 1.4% this year, as a result of Trump's trade policies. In individual companies trading today, Tesla stock continued its rebound following last week's route, sparked by CEO Elon Musk's fallout with Trump. Shares climbed almost 6%. Shares of Taiwan Semiconductor rose 2.6% after the chip maker reported a 40% rise in revenue in May compared to last year. And stock in Folgers and Hostess Brands owner J.M. Smucker fell after it posted lower sales and swung to a $729 million loss in its latest quarter. Shares dropped nearly 16%. Also, people familiar with the matter, say Facebook parent Meta Platforms, is in advanced talks to invest about $14 billion into data labeling startup Scale AI. Its CEO, Alexandr Wang, would join Meta to help lead its artificial intelligence development. We'll have a lot more coverage of the day's news on the WSJ's, What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

GM to invest $4 billion in U.S. manufacturing plants amid tariffs
GM to invest $4 billion in U.S. manufacturing plants amid tariffs

CNBC

time35 minutes ago

  • CNBC

GM to invest $4 billion in U.S. manufacturing plants amid tariffs

DETROIT — General Motors plans to invest $4 billion in several American plants, including adding production of two popular Chevrolet vehicles that are currently built in Mexico. The Detroit automaker announced the plans Tuesday, as there have been few indications of progress in trade talks between the Trump administration and Mexican leaders. Earlier this year, President Donald Trump implemented 25% tariffs on imported vehicles and 25% tariffs on many auto parts imported into the U.S. GM said the investments add assembly of the Chevrolet Blazer and Chevrolet Equinox that are currently produced in Mexico to two other plants in the U.S. and convert a large idled plant in Michigan — formerly expected to build all-electric trucks — to make gas-powered vehicles. The investment and moves will likely be hailed as a win for Trump's policies and automotive tariffs, which took effect for imported vehicles in April and many auto parts in May. "We believe the future of transportation will be driven by American innovation and manufacturing expertise," said GM CEO Mary Barra said in a release. "Today's announcement demonstrates our ongoing commitment to build vehicles in the U.S and to support American jobs. We're focused on giving customers choice and offering a broad range of vehicles they love." GM has been analyzing its North American production footprint for months amid the tariffs, with executives saying they weren't going to make any decisions — instead taking a "wait and see" approach — until they got further clarity on the regulatory environment, including the auto levies. GM CFO Paul Jacobson said late last month during a Bernstein investor event that the tariffs wouldn't probably be "as bad as the market reacted to." He said potential trade deals with other countries and the automaker's ability to mitigate some costs of the tariffs were promising signs. The Detroit automaker previously said it expected to be able to offset between 30% and 50% of the North American tariffs without deploying any capital in the short-term. GM CEO Mary Barra during the Bernstein event said the company is "going to see us be very resilient and, again, strengthen our business as we move forward — in some cases, seize opportunities where the vehicles are so successful." Those opportunities now appear to include pulling back additional spending on electric vehicles. The Orion Assembly plant in suburban Detroit, which will be retooled for gas products, was expected to be its second EV-exclusive plant in the U.S.

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