Trump's newest tariffs, Merck & Verona, X CEO resigns
President Trump has announced new country-specific tariff rates for Algeria, Libya, Iraq, and the Philippines.
Merck (MRK) is buying Verona Pharma (VRNA) in a $10 billion deal.
Linda Yaccarino is stepping down as CEO of X (formerly Twitter) after two years leading the social media platform owned by Elon Musk.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's Market Minute. US stocks are trading in the green today as investors monitor the latest trade headlines out of Washington. President Trump said he would levy specific rates on goods from various countries, including a 30% rate on Algeria, Libya and Iraq, and a 20% rate on goods from the Philippines. Meanwhile, Merck announcing a $10 billion deal to buy biotech firm Verona Pharma, which sells a new lung disease drug that analysts expect to be a blockbuster. And Linda Yaccarino, who was hired two years ago by Elon Musk as the CEO of X, is stepping down. This comes three months after the social media platform was absorbed by Musk's AI startup. Over the course of her tenure, Yaccarino was tasked with reversing an advertiser exodus from the platform. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best and worst performing stocks of the trading session.
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