Bloomberg Daybreak: Europe Edition New 100% Drug Tariffs, Former FBI Chief Charged, NATO Warns Russia
Sep 26, 2025
A fresh round of tariffs brings a 100% duty on branded drugs, sparking controversy over domestic manufacturing. Former FBI Director Comey faces charges linked to his 2020 testimony, intensifying legal battles for political adversaries. NATO sends stern warnings to Russia, indicating readiness to respond forcefully to airspace violations. Meanwhile, Volkswagen struggles with slower-than-expected electric vehicle demand, prompting temporary production cuts. Plus, UK Prime Minister Starmer proposes mandatory digital ID cards amid migration concerns.
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Tariff Shock For Patented Drugs
- President Trump announced 100% tariffs on branded patented pharmaceuticals unless firms build US plants, signaling a major trade escalation.
- Bloomberg Economics estimates the pharma levy could raise average US tariffs by up to 3.3 percentage points.
Comey Faces Charges Amid Political Fight
- Former FBI Director James Comey was charged with lying to Congress and obstruction over 2020 testimony, a case that intensifies political tensions.
- The Justice Department said Comey could face up to five years in prison, while Trump celebrated the charges on Truth Social.
Europe Signals Tougher Stance On Airspace
- British, French and German envoys privately warned Moscow NATO would respond to airspace violations, including shooting down planes if necessary.
- NATO Secretary General Jens Stoltenberg stressed pilots will assess danger and may escort or, if warranted, take down intruding aircraft.