Swiss Outlook Cut at UBS With Warning on Trump's Pharma Push
UBS Group AG cut its forecast for expansion in Switzerland this year and warned that Donald Trump's pressure on drugmakers poses a long-term threat to one of its biggest drivers of growth.
Economists Alessandro Bee and Florian Gemanier now expect gross domestic product adjusted for large sport events to grow by 1% in 2025, down from a prior outlook of 1.5%, as the US president's attempt to rewire global trade hits a country still dependent on exports for its prosperity.
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Trump criticizes ‘non-working holidays' on Juneteenth
President Donald Trump took to social media Thursday on Juneteenth, a federal holiday, to criticize the number of 'non-working holidays' in the United States. 'Too many non-working holidays in America. It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed. The workers don't want it either! Soon we'll end up having a holiday for every once working day of the year. It must change if we are going to, MAKE AMERICA GREAT AGAIN!' Trump wrote in a post on his Truth Social platform. Juneteenth is the oldest regular US celebration of the end of slavery. It commemorates June 19, 1865 – the day that Union Army Maj. Gen. Gordon Granger rode into Galveston, Texas, and told a group of slaves that the Civil War had ended and they were free - more than two years after President Abraham Lincoln signed the Emancipation Proclamation. During Thursday's White House press briefing, White House press secretary Karoline Leavitt told reporters Trump was unlikely to mark the federal holiday. 'I'm not tracking his signature on a proclamation today,' Leavitt said. 'I know this is a federal holiday — I want to thank all of you for showing up to work. We are certainly here, we're working 24/7 right now.' Trump has previously tried to take credit for making Juneteenth 'very famous,' saying during his first term in 2020 that, 'nobody had ever heard of it.' His comments came while the nation was reeling from ongoing civil unrest after George Floyd's death at the hands of Minneapolis police officers. Trump had previously pledged to make Juneteenth a federal holiday during his 2020 presidential campaign. Juneteenth didn't become an official holiday until 2021, under President Joe Biden's administration. Since his reelection, Trump has made the elimination of DEI programs a centerpiece of his administration, cracking down on diversity efforts in the federal government with a series of executive orders.
Yahoo
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SAINT-GOBAIN ENHANCES ITS DIGITAL CONSTRUCTION CHEMICALS PLATFORM WITH THE ACQUISITION OF MATURIX
PARIS, June 20, 2025 /PRNewswire/ -- Saint-Gobain announces the next step in the expansion of its digital construction chemicals platform with the acquisition of Maturix, based in Denmark, a leading provider of real-time monitoring solutions for the concrete industry. Maturix offers cutting-edge wireless sensor technology which allows remote real-time monitoring of concrete properties during the curing and hardening process, enabling contractors to optimize their operations and ease traceability requirements. This reduces the duration of the concrete construction cycle by up to 50% and improves job-site efficiency, all while improving concrete quality and ensuring a high level of structural performance. Maturix and Saint-Gobain have successfully collaborated since 2019. This acquisition enhances Saint-Gobain's digital solutions offering across the concrete and cement value chains, enabling the Group's customers to reduce overdesign and optimize operations. Saint-Gobain spearheaded the digital transformation of the concrete industry initiated by GCP with Verifi®, its market-leading digital in-transit concrete management suite, deployed across three continents (North America, Europe, and Asia-Pacific). Verifi® uses real-time monitoring to reduce waste, improve operational performance and drive cost efficiencies. Maturix perfectly complements Verifi® in optimizing concrete placement on site. The two companies are already working on a joint offering. The acquisition of Maturix demonstrates the Group's commitment to expanding its offer of integrated digital solutions for its customers. Sid Singh, CEO of Verifi®, comments: "By combining the data and digital expertise of Maturix and Verifi® with Saint-Gobain's leadership in concrete admixtures, we will unlock new use cases for the Group's customers. We will provide them with personalized recommendations to manage their operations with increased visibility and precision to reduce their costs and environmental impact." About Saint-Gobain Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group, celebrating its 360th anniversary in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A BETTER HOME". - €46.6 billion in sales in 2024 - More than 161,000 employees, locations in 80 countries - Committed to achieving net zero carbon emissions by 2050 For more information about Saint-Gobain, visit and follow us on X @saintgobain Contacts: Patricia Marie - Laure Bencheikh - Yanice Biyogo - View original content: SOURCE Saint-Gobain Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
41 minutes ago
- CNN
Trump criticizes ‘non-working holidays' on Juneteenth
President Donald Trump took to social media Thursday on Juneteenth, a federal holiday, to criticize the number of 'non-working holidays' in the United States. 'Too many non-working holidays in America. It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed. The workers don't want it either! Soon we'll end up having a holiday for every once working day of the year. It must change if we are going to, MAKE AMERICA GREAT AGAIN!' Trump wrote in a post on his Truth Social platform. Juneteenth is the oldest regular US celebration of the end of slavery. It commemorates June 19, 1865 – the day that Union Army Maj. Gen. Gordon Granger rode into Galveston, Texas, and told a group of slaves that the Civil War had ended and they were free - more than two years after President Abraham Lincoln signed the Emancipation Proclamation. During Thursday's White House press briefing, White House press secretary Karoline Leavitt told reporters Trump was unlikely to mark the federal holiday. 'I'm not tracking his signature on a proclamation today,' Leavitt said. 'I know this is a federal holiday — I want to thank all of you for showing up to work. We are certainly here, we're working 24/7 right now.' Trump has previously tried to take credit for making Juneteenth 'very famous,' saying during his first term in 2020 that, 'nobody had ever heard of it.' His comments came while the nation was reeling from ongoing civil unrest after George Floyd's death at the hands of Minneapolis police officers. Trump had previously pledged to make Juneteenth a federal holiday during his 2020 presidential campaign. Juneteenth didn't become an official holiday until 2021, under President Joe Biden's administration. Since his reelection, Trump has made the elimination of DEI programs a centerpiece of his administration, cracking down on diversity efforts in the federal government with a series of executive orders.
