CNBC's "Fast Money"
President Trump Unveils UK Trade Deal Framework… And The Next Move In Pharma 5/8/25
May 8, 2025
President Trump's new trade deal framework with the UK promises to impact markets in unprecedented ways. The discussion dives into Alphabet's latest challenges amid fierce competition and how pharmaceutical pricing policies could reshape the industry. Insights into the tech sector reveal struggles for giants like Google and Apple. Additionally, the need for aviation safety upgrades is spotlighted alongside Coinbase's earnings and Pinterest's AI-driven strategies to boost engagement. Diverse investment tactics round out the conversation as experts weigh in on potential stock recommendations.
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Quick takeaways
- President Trump's new trade deal with the UK, featuring a 10% baseline tariff, could reshape future U.S. trade negotiations.
- The healthcare sector faces increased scrutiny over drug pricing policies, particularly with the proposed most favored nation policy for Medicare.
Deep dives
Trade Agreement Significance
A recent trade agreement between the U.S. and U.K. is characterized by a 10% baseline tariff that will remain for most U.K. imports. In addition, the deal includes commitments such as the U.K. purchasing $10 billion worth of Boeing products and allowing a certain number of automobiles to enter the U.S. at reduced tariffs. The negotiation was facilitated by the existing trade surplus the U.S. enjoys with the U.K., which contrasts with its trade deficits with other countries. This could signal a consistent approach in future trade negotiations, highlighting the complexities of global trade dynamics.
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