Pharma stocks in focus as Trump announces tariffs on sector ‘soon'
According to industry data, companies with the highest U.S. revenue exposure include Alembic Pharma (50%+), Aurobindo Pharma (45%+), and Dr. Reddy's and Zydus (both 40%). These firms are likely to be the most impacted if tariffs are introduced or raised on pharmaceutical imports from India.
Here's a quick look at U.S. revenue exposure for key Indian pharma companies: Company % Revenue from U.S. Alembic 50%+ Aurobindo 45%+ Dr. Reddy's 40% Zydus 40% Lupin 34–38% Sun Pharma 30–35% Glenmark 30% Cipla 25–30% Torrent ~15–20%
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
8 minutes ago
- New York Post
Costco locations begin to make the switch from Pepsi to Coca-Cola at food courts
Costco's switch from Pepsi to Coca-Cola drinks at its food courts is underway. The change at Costco's food courts 'began rolling out across all Costco warehouses' at the beginning of July, The Coca-Cola Company said in a statement to FOX Business. Advertisement All of Costco's food courts will offer Coca-Cola products by the fall. It comes at a time when President Donald Trump announced on Truth Social that Coca-Cola was going to switch to using cane sugar as a sweetener instead of high-fructose corn syrup. Coca-Cola has neither confirmed nor denied Trump's claim. However, it has thrust the drink maker into a brighter spotlight despite its market dominance. Advertisement The warehouse retailer's change to Coca-Cola beverages may not come as a surprise to members considering Costco CEO Ron Vachris said in January the company would be 'converting our food court fountain business back over to Coca-Cola' this summer. It nonetheless marks a big change for Costco food courts, which had offered Pepsi products since 2013. 'Costco insiders and Coca-Cola fans are buzzing about the transition, which will span warehouses in 14 countries, allowing Costco members everywhere to once again enjoy their favorite Coca-Cola beverages alongside Costco's beloved food court offerings,' Coca-Cola told FOX Business. 3 Costco's food courts have started switching from Pepsi to Coca-Cola. AP Advertisement 3 The rollout of Coke products began in early July. Christopher Sadowski Some social media users have posted photos of Costco food courts to Reddit with a Coca-Cola cup visible in the signage for its popular hot dog and soda combo in recent days. Food courts are one of the many ancillary businesses Costco offers at warehouses along with gas stations, optical departments, hearing aids and tire installation. Costco has said its ancillary businesses encourage members to make trips to the warehouse retailer more often. Advertisement 3 Costco food courts had offered Pepsi products since 2013. oasisamuel – Costco Wholesale Globally, as of Wednesday, the company's footprint spanned 908 warehouses, with 625 of them located in the US, according to a press release. Vachris said during the company's third-quarter earnings call in late May that it expects to reach 914 locations worldwide by the end of its fiscal year. In August, seven Costco openings are planned, with warehouses launching in Canada, Mexico and the US, according to a page on the retailer's website. Costco will release its fourth-quarter financial results in late September.
Yahoo
2 hours ago
- Yahoo
Jensen Huang, AI visionary in a leather jacket
Unknown to the general public just three years ago, Jensen Huang is now one of the most powerful entrepreneurs in the world as head of chip giant Nvidia. The unassuming 62-year-old draws stadium crowds of more than 10,000 people as his company's products push the boundaries of artificial intelligence. Chips designed by Nvidia, known as graphics cards or GPUs (Graphics Processing Units), are essential in developing the generative artificial intelligence powering technology like ChatGPT. Big tech's insatiable appetite for Nvidia's GPUs, which sell for tens of thousands of dollars each, has catapulted the California chipmaker beyond $4 trillion in market valuation, the first company ever to surpass that mark. Nvidia's meteoric rise has boosted Huang's personal fortune to $150 billion -- making him one of the world's richest people -- thanks to the roughly 3.5 percent stake he holds in the company he founded three decades ago with two friends in a Silicon Valley diner. In a clear demonstration of his clout, he recently convinced President Donald Trump to lift restrictions on certain GPU exports to China, despite the fact that China is locked in a battle with the United States for AI supremacy. "That was brilliantly done," said Jeffrey Sonnenfeld, a governance professor at Yale University. Huang was able to explain to Trump that "having the world using a US tech platform as the core protocol is definitely in the interest of this country" and won't help the Chinese military, Sonnenfeld said. - Early life - Born in Taipei in 1963, Jensen Huang (originally named Jen-Hsun) embodies the American success story. At nine years old, he was sent away with his brother to boarding school in small-town Kentucky. His uncle recommended the school to his Taiwanese parents believing it to be a prestigious institution, when it was actually a school for troubled youth. Too young to be a student, Huang boarded there but attended a nearby public school alongside the children of tobacco farmers. With his poor English, he was bullied and forced to clean toilets -- a two-year ordeal that transformed him. "We worked really hard, we studied really hard, and the kids were really tough," he recounted in an interview with US broadcaster NPR. But "the ending of the story is I loved the time I was there," Huang said. - Leather jacket and tattoo - Brought home by his parents, who had by then settled in the northwestern US state of Oregon, he graduated from university at just 20 and joined AMD, then LSI Logic, to design chips -- his passion. But he wanted to go further and founded Nvidia in 1993 to "solve problems that normal computers can't," using semiconductors powerful enough to handle 3D graphics, as he explained on the "No Priors" podcast. Nvidia created the first GPU in 1999, riding the intersection of video games, data centers, cloud computing, and now, generative AI. Always dressed in a black T-shirt and leather jacket, Huang sports a Nvidia logo tattoo and has a taste for sports cars. But it's his relentless optimism, low-key personality and lack of political alignment that sets him apart from the likes of Elon Musk and Mark Zuckerberg. Unlike them, Huang was notably absent from Trump's inauguration ceremony. "He backpedals his own aura and has the star be the technology rather than himself," observed Sonnenfeld, who believes Huang may be "the most respected of all today's tech titans." One former high-ranking Nvidia employee described him to AFP as "the most driven person" he'd ever met. - Street food - On visits to his native Taiwan, Huang is treated like a megastar, with fans crowding him for autographs and selfies as journalists follow him to the barber shop and his favorite night market. "He has created the phenomena because of his personal charm," noted Wayne Lin of Witology Market Trend Research Institute. "A person like him must be very busy and his schedule should be full every day meeting big bosses. But he remembers to eat street food when he comes to Taiwan," he said, calling Huang "unusually friendly." Nvidia is a tight ship and takes great care to project a drama-free image of Huang. But the former high-ranking employee painted a more nuanced picture, describing a "very paradoxical" individual who is fiercely protective of his employees but also capable, within Nvidia's executive circle, of "ripping people to shreds" over major mistakes or poor choices. tu-amj/arp/ksb/acb 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
Yahoo
2 hours ago
- Yahoo
The biggest political fights over Trump's megabill are converging in Nevada
When it comes to President Donald Trump's 'big, beautiful bill,' few places could be impacted more significantly than Nevada — one of the country's most closely divided swing states. For starters, Nevada is expecting the law's changes to Medicaid and food assistance to boot hundreds of thousands of residents from crucial social safety net programs. Like other states in similar predicaments, lawmakers will have to scramble to figure out how to find money in the state budget to keep many of those people covered. But the impacts of the law on that budget and the state's broader finances could be even more significant than in many others because Nevada has no state income tax, and therefore is extremely limited in how it can find new revenues. Then there are the new law's tax provisions related to tipped employees and gamblers that will have an outsize effect on a state whose economy relies almost exclusively on casinos and hospitality. The implementation of the new law in the coming months and years will occur as Nevada is set to play a key role in the next midterm and presidential elections. In 2026, Gov. Joe Lombardo — who has walked a fine line between offering praise for certain aspects of the megabill while pushing back against others — is seen as the most vulnerable Republican governor up for re-election. And Nevada's battleground 3rd District, represented by Democratic Rep. Susie Lee, will be a key race in the fight for the House majority. And in 2028, Nevada will likely again host critical contests for the White House and Senate. Democrats are already eager to go on offense against the law. State Rep. Steve Yeager, the Democratic speaker of the state Assembly, said he's already been contacted by many constituents who have expressed 'concern about what this bill might mean for them' and how they could be impacted by its changes to Medicaid, food assistance, energy credits, taxes on tips and gambling. Yeager added he was going 'to make sure that every single voter who goes to the ballot box here next year in 2026 knows about this bill and knows about the impact.' 'A low-revenue state' Approximately 1 in 3 Nevadans are on Medicaid, according to data from the state and KFF, a nonpartisan health policy research group, due in part to a massive expansion of the program back in 2013 by then-Gov. Brian Sandoval, one of the first Republican governors to embark on Medicaid expansion under the Affordable Care Act. Trump's law will institute steep cuts to Medicaid and food aid benefits mostly by establishing new work requirements, restrict state-levied fees on health care providers that are mostly used to fund Medicaid, and preclude the federal government from being responsible for reimbursing states any longer. In Nevada, as many as 100,000 people could fall off Medicaid as a result, according to the nonpartisan Center on Budget and Policy Priorities. But unlike some other states, which may be able to shift funds around in their budgets to build financial support for affected residents, Nevada's hands are largely tied. It has no state income tax and has a state constitutional provision requiring a two-thirds majority to raise revenue. 'We don't have the funds to be able to fill these critical gaps,' Yeager said. 'We're a low-revenue state. … We're in a really tough place.' Nevada is also likely to be uniquely impacted by a pair of tax provisions. Starting in 2026, gamblers will have to pay more taxes under the GOP's new law. That's because the law will limit what gamblers can deduct from their yearly taxes to 90% of their losses. Bettors can currently deduct the entirety of their losses — up until their winnings. Bettors have expressed concerns that the provision could cause professional gambling in the U.S. to fold. And Nevada Democrats say it's all but certain to impact the bustling and crucial industry in the casino-laden state. 'This means if someone wins a big jackpot in Las Vegas and then loses that one jackpot later on, they would still be liable for 10% in taxes on gaming 'income,' even though they had not brought home anything,' Sen. Jacky Rosen, D-Nev., said last week on the chamber floor. 'That's not just bad math, it's bad policy.' Meanwhile, Trump and Republicans have boasted of the law's provision that they call 'no tax on tips.' Trump unveiled the concept during a 2024 campaign event in Nevada, which is among the states with the highest concentration of service workers who rely on tips. 'If you're a restaurant worker, a server, a valet, a bellhop, a bartender, one of my caddies … your tips will be 100% yours,' Trump said of the policy idea during a January visit to Las Vegas shortly after he was sworn in for his second term. The law allows for a deduction on federal taxes of up to $25,000 in tipped income. At first glance, it appears it could be a boon for workers who rely heavily on tips. But economists at the Yale Budget Lab have written that 37% of all tipped workers don't earn enough money to even pay federal income tax, meaning that these people wouldn't gain from the new deduction. In addition, critics note the cap is relatively small and that it phases out once workers enter a higher income bracket ($150,000 per year). Plus, the provision only runs through 2028. Democrats also note that the law froze nearly all of the clean energy funds the state had received under President Joe Biden's Inflation Reduction Act. Nevada, where scorching temperatures have led to soaring energy costs for voters and businesses, was among the states that claimed the most IRA funds used to incentivize clean energy investments and jobs, as well as home energy rebates. As those funds dry up, so too could financial relief for residents and businesses. 'With the undoing of some of the Inflation Reduction Act, losing monies that were in the bill, we're going to lose solar jobs — and I am confident that our power bills are going to increase,' Yeager said. A key gubernatorial race Those impacts will loom particularly large in next year's governor's race in Nevada. Even before Trump enacted the law, Lombardo, who won his 2022 election over Democrat Steve Sisolak by just 1.5 percentage points, was the only Republican governor up for re-election next year whose race was rated by the nonpartisan Cook Political Report as a 'toss-up.' Nevada Democrats have already aggressively sought to link Lombardo to the 'big, beautiful bill.' 'Lombardo will have to reckon with the damage done to Nevadans' lives and livelihoods because he was too cowardly to stand up to Trump,' said Nevada Democratic Party Chair Daniele Monroe-Moreno. Lombardo, for his part, has praised some of the tax provisions in the law, but he also warned Congress not to make changes to Medicaid funding ahead of its passage. 'While my administration continues to assess this bill as it moves to get signed into law, Nevadans should be excited about the potential impacts of tax cuts, investments in small businesses and American manufacturing, and efforts to help secure our border,' Lombardo wrote on X the day before Trump signed it into law. A spokesperson for Lombardo declined to comment for this story but referred to that post on X, in which Lombardo also lauded the law's 'no tax on tips' provision. The spokesperson also referred to the letters Lombardo wrote to Congress and state legislators expressing his concerns about the bill's impact on Medicaid, plus a letter he wrote to Trump urging him to reconsider the gambling losses provision. Lombardo was also among just seven Republican governors who did not sign a May letter in support of Trump's proposed 'big, beautiful bill.' That tension underscores the bind many Republican incumbents are likely to find themselves in during next year's midterms as they seek to take credit for some of the tax-saving mechanisms of the bill while distancing themselves from the cuts that Democrats are already hammering them on — all while trying to avoid running afoul of Trump. Responding to questions about the political impacts of the law, John Burke, a spokesperson for the Lombardo-supporting Better Nevada state PAC, said in an email, 'Under Governor Lombardo's leadership, Nevada is finally getting back on track, and the people of our state are seeing results.' He pointed specifically to accomplishments on affordable housing and education. 'The Governor has been vocal about his support for eliminating taxes on tips and supports a return to previous law on gambling losses,' Burke added. State Attorney General Aaron Ford, who is so far the only Democrat who's entered the race against Lombardo, slammed the law for its impacts on health care and food assistance. He said 'servers and bartenders and hospitality workers are going to be getting played' by Republicans' 'no tax on tips' claims. This article was originally published on
