By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – President Donald Trump’s pause on some announced import taxes may have eased the stress building in financial markets for now, but leaves in place the same set of circumstances that had reset the U.S. economic outlook with rising recession risks and potentially rising inflation. Major tariffs…
By Kamal Choudhury (Reuters) -Vaccine maker Novavax’s shares plunged nearly 20% at market close on Thursday, after Health and Human Services Secretary Robert F. Kennedy Jr. raised concerns about the company’s COVID-19 vaccine in an interview with CBS News. The U.S. Food and Drug Administration, an agency that is part of the HHS, missed its…
By Pesha Magid RIYADH (Reuters) – Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious electric-vehicle policy. A Tesla Cybertruck and a redesigned Model Y sedan dominated a plaza dotted with…
By Nathan Gomes (Reuters) -CarMax is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump’s latest tariffs on new car imports are expected to significantly boost demand for more affordable options. The company said it was prioritizing inventory in vehicles aged between six and 10 years, while pulling back from older models…
