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Trump says pharma tariffs could eventually reach up to 250%

U.S. President Donald Trump talks to members of the press at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S., August 3, 2025. Ken Cedeno | Reuters President Donald Trump told CNBC’s “Squawk Box” on Tuesday that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has

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Trump says JPMorgan Chase, Bank of America rejected him as a customer

President Donald Trump said Tuesday that the two largest American banks previously rejected him as a customer, reviving claims that conservative clients were being unfairly denied accounts. Trump told CNBC’s “Squawk Box” in a wide-ranging interview that JPMorgan Chase informed him he had 20 days to move “hundreds of millions of dollars in cash” to

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McDonald’s (MCD) Q2 2025 earnings

McDonald’s on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as buzzy promotions helped its U.S. restaurants rebound. Despite the chain’s improved performance this quarter, executives are still worried about the economic health of the low-income consumer. McDonald’s is working with its U.S. franchisees on ways to make its core menu items more

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