The Rundown Trump Outlines New Tariff Plan, Biden Proposes Medicare/Medicaid Coverage for Obesity Drugs
12 snips
Nov 26, 2024 The podcast dives into the proposed 10% tariff on Chinese goods, highlighting its potential impact on U.S. imports, especially in the auto sector. It also discusses a new Biden proposal to add obesity drug coverage to Medicare and Medicaid, raising important health policy questions. Stock prices of pharmaceutical companies surge due to obesity treatment advancements, contrasting with mixed results for major retailers. Finally, the outlook for holiday sales is optimistic amid declining Thanksgiving dinner costs, indicating changing consumer preferences.
AI Snips
Chapters
Transcript
Episode notes
Trump's Tariff Impact
- Trump announced new tariffs on Mexico, Canada, and China, impacting automakers.
- These countries are the US's top import suppliers, making this a significant market event.
Weight Loss Drug Coverage
- The Biden administration proposed covering weight loss drugs under Medicare/Medicaid.
- This could benefit millions and boost companies like Novo Nordisk and Eli Lilly.
Intel's Chip Act Funding
- Intel will receive $7.9 billion from the Chips Act to boost US chip production.
- Despite this, Intel faces competition from NVIDIA, AMD, and TSMC.