Lilly to spend more than $1B to expand operations in India
Indianapolis-based Eli Lilly and Co. said the investment will strengthen its manufacturing and supply capabilities to support its growing portfolio of drugs.
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Trump plans aid package for soybean farmers while seeking trade deal with China
U.S. farmers are worried that time is quickly running out to reach a deal in time to sell any of this year’s crop to their biggest customer.
Hoosier farmers celebrate Taiwan’s pledge to buy $6B in U.S. corn and soybeans
With Indiana Gov. Mike Braun and Lt. Gov. Micah Beckwith on hand, leaders of Indiana’s corn and soybean lobbies signed letters of intent with officials from Taiwan on Thursday.
Trump to put import taxes on pharmaceuticals, kitchen cabinets, furniture and heavy trucks
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”
Aer Lingus to add extra weekly seasonal flight to Indy-to-Ireland route
The nonstop route between Indianapolis International Airport and Dublin Airport is on pace to exceed more than 20,000 total passengers by the end of September.
US cuts tariffs on EU-made cars to 15%, cementing trade terms
The U.S. lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago.
White House says $100K H-1B visa fee won’t apply to existing holders
India’s government expressed concern Saturday that the Trump administration move would dramatically raise the fee for visas that bring tech workers to the United States. More than 70% of H-1B visa holders are from India.
Trump reveals Murdochs, Dell could potentially take part in TikTok deal
Congress passed legislation calling for a TikTok ban to go into effect in January, but President Trump has repeatedly signed orders that have allowed it to keep operating in the United States.
FedEx reinstates profit forecast, but expects $1B hit as tariffs upend parcel business
FedEx is typically seen as a predictor of where the larger economy is headed because of its connections to businesses across the consumer and industrial sectors.
Trump, Xi set to discuss TikTok deal and future of US-China relations
The call might offer clues about whether the two leaders could meet in person to hash out a final agreement to end their trade war and provide clarity on where relations between the world’s two superpowers may be headed.
Prices for the popular powdered tea matcha soar due to global demand
Global demand for the powdered tea has skyrocketed. In the U.S., retail sales of matcha are up 86% from three years ago, according to NIQ, a market research firm.
Deal reached on TikTok ownership, Treasury chief says
Treasury Secretary Scott Bessent said President Donald Trump and Chinese Premier Xi Jinping would speak on Friday to possibly finalize the deal.
Supreme Court to quickly consider if Trump has power to impose sweeping tariffs
The Supreme Court granted an unusually quick hearing on President Donald Trump’s sweeping tariffs on Tuesday, putting a policy at the center of his economic agenda squarely before the nation’s highest court.
Trump asks Supreme Court to quickly take up tariffs case, reverse ruling finding them illegal
The ruling involves two sets of import taxes, both of which Trump justified by declaring a national emergency.
Trump plans hefty tax on imported drugs, risking higher prices, shortages
The threat comes as Trump also pressures drugmakers to lower prices of pharmaceuticals in the United States.
Duty-free no more: Parcels worth less than $800 no longer qualify for tariff exemption
The national postal services of more than 30 countries have temporarily suspended sending some or most U.S.-bound packages.
Mounjaro price hike fuels UK pharmacy battle to retain customers
Eli Lilly and Co. announced this month it would raise the weight-loss treatment’s price by as much as 170%, presenting pharmacies with a dilemma about how much they would pass on to patients.
Mexico suspending postal shipments to United States over latest tariff confusion
With the announcement, Mexico joins several European and other countries, including Australia and Japan, in suspending the shipments to the U.S. amid confusion over new import duties.
Trump’s 50% tariffs on India over Russian oil purchases take effect
The Indian government estimates the tariffs will impact $48.2 billion worth of exports.
Trump administration investing in US rare earths in push to break China’s grip
U.S. production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up the critical mineral industry in the United States.