AstraZeneca Plans to Invest $50 Billion in U.S. by 2030
The U.K. biopharmaceutical giant said Monday the multi-billion dollar facility would produce drug substances for its weight-management and metabolic portfolio, including oral GLP-1s.
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Trump claims he's made a ‘massive' trade deal with Japan
President Donald Trump boasted Tuesday that he had made a 'massive' deal with Japan that would generate 'thousands of jobs' and billions of dollars for the U.S. The president announced the trade framework – 'perhaps the largest Deal ever made' – in a Truth Social post Tuesday, revealing that a 15 percent tax on goods imported from Japan had been agreed. In the post Trump said Japan would invest 'at my direction' $550 billion into the U.S. and would 'open' its economy to American-made vehicles as well as 'rice' and 'other things.' But further details remained scant. The 15 percent tax on imported Japanese goods is a significant drop from the 25 percent rate that Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting on August 1. 'This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,' the president posted on Truth Social, adding that the United States 'will continue to always have a great relationship with the Country of Japan.' 'This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan. Thank you for your attention to this matter!' Early Wednesday in Tokyo, Japanese Prime Minister Shigera Ishiba confirmed the new trade agreement, saying it would benefit both sides and help them work together. 'The government was determined to protect national interests,' Ishiba told reporters, per the Wall Street Journal. Trump's announcement appeared to excite investors, with the benchmark Nikkei – the Tokyo stock market – climbing 2.6 percent to its highest in a year, with shares of automakers also surging. Toyota grew by more than 11 percent, with Honda and Nissan both up more than 8 percent. But American automakers were less buoyed with the deal, with concerns raised over low import levies from Japan, compared to tariffs on imports from Canada and Mexico remaining at 25 percent. Matt Blunt, head of the American Automotive Policy Council, said, "Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American-built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers.' Sign in to access your portfolio
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These are the 3 manufacturing sectors set to be the big winners of Trump's Made in America push
Trump wants to increase manufacturing in the United States. His economic agenda has centered on measures meant to compel companies to build on US soil. These three industries are the likely big winners of the Made In America push, Oxford Economics says. President Donald Trump wants more stuff to be made in America. Upon taking office in January, he implemented tariffs against prominent US trade partners in an effort to bring more manufacturing back to American shores, brushing off warnings of potential pain for companies and consumers. But some industries are likely to see a boost in US manufacturing over others, Oxford Economics said on Tuesday. The firm is predicting that high-tech goods, pharmaceuticals, and aerospace technology will have an advantage. Nico Palesch, a senior economist at the forecasting firm, said these industries are well-positioned to benefit from Trump's policies because they already have a foothold in the US market. "A sector that has significant domestic capacity in the US is much more likely to be able to expand capacity and accrue benefits from changes in tariffs or reductions in taxation because the business case for operating in the US is already strong, as opposed to a sector that would essentially need to be built from the ground up," he stated. Despite high economic uncertainty, Palesch added that Trump's policies are likely to help spur growth for US manufacturing. He also credited the CHIPS and Inflation Reduction Acts of 2022 with helping revitalize US manufacturing in areas such as semiconductors and green technology production. In his view, they will be responsible "for a majority of reindustrialization" in the coming years. Palesch highlighted the advantage that companies with a strong US presence will have, noting that he did not believe Trump's policies would bring back an abundance of manufacturing jobs to the US. "A car maker in the US is more likely to decide to expand an existing production line or set up a new factory to try and capture more market share at the expense of tariffed competition than a firm operating in a sector that has little or no presence in the US," he added. The economist said he sees Boeing as a top pick among aerospace stocks, adding that while the company has experienced some negative publicity of late, "it remains one of the two major international aerospace manufacturers capable of producing the types of aircraft typically used in air travel at scale." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Ladder Capital (LADR) Reports Earnings Tomorrow: What To Expect
Commercial real estate lender Ladder Capital (NYSE:LADR) will be announcing earnings results this Thursday morning. Here's what investors should know. Ladder Capital missed analysts' revenue expectations by 7.1% last quarter, reporting revenues of $51.28 million, down 18.9% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' tangible book value per share estimates and a significant miss of analysts' EPS estimates. Is Ladder Capital a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Ladder Capital's revenue to decline 21.6% year on year to $56.18 million, a reversal from the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ladder Capital has missed Wall Street's revenue estimates twice over the last two years. Looking at Ladder Capital's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Mortgage Investment Trust's revenues decreased 1.4% year on year, missing analysts' expectations by 26.1%, and AGNC Investment reported a revenue decline of 367%, falling short of estimates by 141%. AGNC Investment traded up 1.5% following the results. Read our full analysis of PennyMac Mortgage Investment Trust's results here and AGNC Investment's results here. There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 8.2% on average over the last month. Ladder Capital is up 2.4% during the same time and is heading into earnings with an average analyst price target of $12.79 (compared to the current share price of $11.02). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
