July 9, 2025
Trump says pharmaceutical tariffs could reach 200%
U.S. President Donald Trump said he plans to announce tariffs on imported semiconductors and pharmaceuticals, saying the rate for medicines could reach 200% but he would give drugmakers about one year “to get their act together.”
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July 9, 2025
Crypto fundraising surges to $10B in Q2
Venture capital investment in crypto rebounded in the second quarter of 2025, with companies raising $10.03 billion over the three-month period ending June. It was the strongest quarter since Q1 2022, at $16.64 billion.
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July 8, 2025
Dollar rises after Trump announces Japan, South Korea tariffs
The dollar rose sharply against other major currencies, after U.S. President Donald Trump announced new tariffs set to go into effect August 1 for a spate of countries including Japan and South Korea.
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July 8, 2025
Oil up as strong demand outweighs surprisingly big OPEC+ output hike
Oil prices rose as signs of strong demand more than offset the impact of a higher-than-expected OPEC+ output hike for August and fresh concerns about the potential impact of U.S. tariffs.
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July 8, 2025
Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future.
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July 7, 2025
Ripple applies for US national bank charter
Crypto firm Ripple is applying for a national bank charter in the United States, its CEO Brad Garlinghouse wrote, following a similar move by stablecoin giant Circle. The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system.
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