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Treasury Secretary Scott Bessent on the 90 Day Pause 5/12/25

Squawk Pod

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Current Affairs and Trade Dynamics

This chapter covers pressing events, including travel disruptions at Newark Airport, and discusses an executive order aimed at reducing prescription drug costs while addressing ethical concerns related to President Trump's acceptance of a luxury jet from Qatar. It also explores the implications of reduced tariffs between the U.S. and China, highlighting their potential impact on the stock market and domestic manufacturing. Additionally, the chapter sheds light on the complexities of the pharmaceutical industry, trade negotiations, and the legal issues surrounding foreign gifts.

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