Latest news with #US-sold
Yahoo
4 days ago
- Business
- Yahoo
argenx SE (ARGX): A Bull Case Theory
We came across a bullish thesis on argenx SE (ARGX) by Simvestor08 on r/valueinvesting on Reddit.. In this article, we will summarize the bulls' thesis on ARGX. argenx SE (ARGX)'s share was trading at $573.26 as of 30th May. ARGX's trailing and forward P/E were 34.93 and 59.88 respectively according to Yahoo Finance. A laboratory technician researching a sample of cells in a biotechnology laboratory. Argenx (ARGX), a $35 billion biotech company dual-listed on Nasdaq and Belgium's BEL 20, presents a highly compelling investment case with strong upside potential, backed by a proven management team and a deep pipeline. Despite broader sector pressures, including political noise related to Trump and general weakness across pharma, Argenx remains well-positioned for sustained growth. The company is already profitable and boasts a commercialized multi-blockbuster drug, with several late-stage candidates in its pipeline. Guggenheim recently assigned a $1,065 price target—nearly double the current ~$573 share price—highlighting the potential of Argenx's upcoming Phase 2 and Phase 3 readouts, which are largely derisked with estimated success probabilities ranging from 70% to 90%. Beyond its pipeline strength, Argenx is widely respected for its disciplined and focused leadership, a quality that has been consistently noted across the biotech community. In 2023, Bloomberg reported that Argenx engaged JP Morgan to explore strategic options, including a potential takeover, following the release of positive Phase 3 data for CIDP—an indication with peak sales projected at $4–5 billion. The company's business model is also structurally resilient to political risk; it maintains a tight pricing corridor between the US and Europe and manufactures its US-sold products domestically, minimizing exposure to drug pricing reforms or supply chain disruptions. While the recent downturn in pharma dragged ARGX's valuation lower, the fundamentals remain intact, and with multiple catalysts on the horizon, a doubling of the share price within 12 to 24 months appears feasible for long-term investors. Previously, we have covered ARGX in May 2025 wherein we summarized a bullish thesis by FluentInQuality on Substack. The author highlighted the company's transformation into a platform biotech leveraging FcRn inhibition to systematically expand into chronic autoimmune indications, anchored by its flagship therapy, Vyvgart. The article emphasized that despite strong revenue growth, a deep pipeline, and strategic global expansion, the market had undervalued argenx's long-term potential and M&A appeal. argenx SE (ARGX) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 54 hedge fund portfolios held ARGX at the end of the first quarter which was 47 in the previous quarter. While we acknowledge the potential of ARGX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Time of India
23-05-2025
- Business
- Time of India
Donald Trump threatens 25% tariff on Apple — will other tech companies face the heat? Here's what the US President said
In a fresh attack on overseas manufacturing, US President has warned that iPhones not made in the United States could face a 25% tariff, and other smartphone makers like may not be spared either. Tired of too many ads? go ad free now Speaking on Truth Social and later to reporters at the White House, Trump said he expects Apple and its CEO Tim Cook to move production from countries like India back to the United States. 'I have long ago informed Tim Cook of Apple that I expect their 's that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,' he posted Friday. 'If that is not the case, a Tariff of at least 25% must be paid by Apple to the US.' He added in person, 'It would be more. It would be also Samsung and anybody that makes that product. Otherwise it wouldn't be fair.' Trump's comments follow reports that Apple is planning to produce most of its US-sold iPhones in India. Cook had told investors during an earnings call earlier this month that 'the majority of iPhones sold in the US will have India as their country of origin.' The warning comes after Trump met Cook in Riyadh last week and again at the White House on Tuesday. 'I had a little problem with Tim Cook,' Trump said during a stop in Qatar. 'I said to him, 'Tim, you're my friend. I treated you very good. You're coming in with $500 billion.' But now I hear you're building all over India. I don't want you building in India.' The move could have serious consequences for Apple and US consumers. Analyst Dan Ives from Wedbush Securities said it would cost the company roughly $30 billion and up to 10 years to fully move iPhone production to America. Tired of too many ads? go ad free now 'The concept of Apple producing iPhones in the US is a fairy tale that is not feasible,' Ives said. He added that the cost of US-made iPhones could reach $3,500 if Apple replicated its Asian supply chain locally. Gene Munster from Deepwater Asset Management said Apple may not be able to absorb the cost of tariffs forever. 'Anything below 30, they will probably carry the vast majority of that increase,' he explained. 'But I think at some point they're going to have to start to share it.' Apple has announced a $500 billion US investment plan to ease tensions, which includes building server facilities in Houston and expanding data centres in 20 states. Despite Apple's efforts, Trump appears firm. 'When they build their plant here, there's no tariffs. So they're going to be building plants here,' he said. Samsung, which mostly manufactures in South Korea, Vietnam, India, and Brazil, could also be hit. Although it moved out of China years ago, Trump insisted that all non-US phone production would face the same treatment. 'It would be also Samsung and anybody that makes that product,' he said. Treasury Secretary Scott Bessent supported Trump's call, saying the goal is to 'bring back precision manufacturing to the US.' He also flagged concerns about the security of Apple's semiconductor supply chain.
Yahoo
20-05-2025
- Automotive
- Yahoo
Honda slashes £15bn from electric car budget to focus on hybrids
Honda is scaling back investment in electric vehicles (EVs) by a third as a consequence of lacklustre demand. The Japanese car giant said on Tuesday it would cut investment in EVs from a planned 10 trillion yen (£51.7bn) by 2030 to 7 trillion yen (£36.2bn). The company is to focus on hybrids instead. It now expects electric cars to represent 20pc of sales by the end of the decade, compared to a previous forecast of 30pc. Bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to encourage EV purchases, such as those recently announced by the US and UK. Toshihiro Mibe, Honda's chief executive, said: 'Based on the current market slowdown, we expect EV sales in 2030 to fall below the 30pc that we previously targeted. 'EV investment hasn't been abandoned, just pushed back.' Honda said it will pivot towards boosting sales of hybrid vehicles – as it reduces focus on electric cars. Only in China, where EVs now dominate new car sales, will it focus on purely electric models. Sir Keir Starmer's Government amended green rules, known as the Zero Emission Vehicle (ZEV) mandate, earlier this year to provide greater flexibility for car manufacturers on targets for electric vehicle sales. Meanwhile, US president Donald Trump's 'big, beautiful bill' passing through Congress aims to remove tax credits for EV buyers over the next few years. Honda now expects to sell 2.2m to 2.3m hybrids by 2030, out of a total of 3.6m cars. By comparison, Honda's forecasts suggest it expects electric sales to total just 700,000 to 750,000 cars. Honda said it will launch 13 new hybrid models in the four years from 2027. Despite the changes, Honda has insisted that it continues to work towards the goal of all cars it sells being either electric or fuel-cell powered by 2040. The company last week warned it faced a huge hit to profits from President Trump's trade tariffs on cars imported to the US. Some 60pc of Honda's US-sold cars are made in the country, but the president's tariffs have made it much more expensive for Japanese manufacturers to import cars or parts from Canada and Mexico. Amid the trade chaos, Honda has paused plans for a C$15bn (£8bn) EV production hub in Ontario, Canada. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. 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
Business Recorder
15-05-2025
- Business
- Business Recorder
Trump says he's ‘not interested' in Apple building in India
In a statement that could be seen as a letdown to India's manufacturing ambitions, US President Donald Trump has said that he's 'not interested' in Apple building its products in India, urging the iPhone maker to ramp up its manufacturing in the United States. 'I had a little problem with (Apple CEO) Tim Cook yesterday,' Trump said during his Doha visit. 'I said to him, my friend, I am treating you very good. You are coming up with $500 billion, but now I hear you are building all over India,' Trump said. 'I don't want you building in India,' the US President continued. 'You can build in India, if you want to take care of India, because India is one of the highest tariff nations in the world, so it is very hard to sell in India. The US President emphasised that the United States has supported Apple despite its heavy reliance on China. 'I said, Tim, we are treating you really good, we put up with all the plants you built in China for years. We are not interested in you building in India. India can take care of themselves.' Trump added that Apple would be 'upping their production' in the US. As per reports, China accounts for more than 75% of iPhone production globally, while India contributes to about 18%. The Cupertino-based tech giant is taking urgent steps to move production of most of its US-sold iPhones to factories in India by the end of 2026. Earlier this month, Apple's CEO said he expected 'a majority of iPhones sold in the US will have India as their country of origin'. In recent weeks, the iPhone maker has stepped up production in India to beat US tariffs, shipping some 600 tons of iPhones worth $2 billion to the US in March, a monthly record for both Tata and Foxconn, with the latter alone accounting for smartphones worth $1.3 billion.
Roya News
11-05-2025
- Business
- Roya News
Trump threatens 100% tariff on Mattel, mistakenly calls toy company a country
US President Donald Trump raised eyebrows after mistakenly referring to Mattel—the American toy manufacturer known for Barbie dolls—as a country during a recent statement defending his tariff policies. While arguing that tariffs are "misunderstood" in the business world, Trump attempted to cite global reactions to his trade decisions. 'You know, even Mattel is thinking about counter-tariffs,' he said, seemingly confusing the California-based company with a foreign government. Trump threatened to impose a 100 percent tariff on the company's toys after its leadership pushed back on the feasibility of shifting manufacturing to the United States. The criticism came after the toymaker defended its reliance on overseas production, arguing that making toys in the US would significantly raise costs. According to the company, such a move would make its products too expensive for many American families. In response, Trump suggested families should prepare for a leaner Christmas. 'Well, maybe the children will have two dolls instead of 30 dolls, you know?' he said, adding that the smaller haul might 'cost a couple of bucks more than they would normally.' Mattel consequently announced plans to raise prices in the US. Mattel, which produces one-fifth of its US-sold toys in China, revealed in its first-quarter earnings that it intends to reduce that number to under 15 percent by 2026. But for now, the company is bracing for the effects of Trump's 145 percent tariffs, which have shaken confidence across multiple industries. The toy giant also suspended its financial forecast for the year, pointing to uncertainty over trade policy. With around 80 percent of toys sold in the US still made in China, other companies are also warning of price hikes and supply issues. A recent survey by the Toy Association found that many small manufacturers have already pulled back orders. Roughly half of the 410 companies surveyed said they could go out of business within months if the tariffs continue.
