Latest news with #Tewari
Yahoo
2 days ago
- Business
- Yahoo
Wall Street waves off Trump's 200% pharma tariff threat
Large pharmaceutical stocks and funds are trading flat or up slightly Wednesday, sending a clear signal after President Trump's threat Tuesday to leverage as much as 200% tariffs on pharma. "We'll be announcing something very soon on pharmaceuticals. We're going to give people about a year, a year and a half to come in ,and after that they're going to be tariffed ... at a very, very high rate, like 200%," Trump said at a Cabinet meeting Tuesday. Mizuho Securities health sector expert Jared Holz noted the market initially reacted before right-sizing Tuesday. "The space sold off on the headlines yesterday but finished flat/up on the whole, evidence of the buy- side shaking off noise," he wrote in a note to clients Wednesday. The S&P's Biotech ETF (XBI) and Health Care Select Sector Fund (XLV) both remained flat in trading Tuesday afternoon through Wednesday morning, indicating the indifference Wall Street has adopted to Trump's tariff threats — with some analysts expecting the Street-coined term TACO, or Trump Always Chickens Out, to be applied in the case of pharma as well. "200% Drug Tariffs, or 'TACO' Eventually?" Jefferies analyst Cui Cui headlined in a note Wednesday, adding, "[We] expect considerable industry resistance to drug tariffs." Jefferies health sector analyst Akash Tewari similarly mocked the tariff in his note to clients, headlined "Tariffs schmariffs — why the Trump pharma announcement is noise." Tewari explained that with the grace period of 1 to 1.5 years, the impact of tariffs "could be more modest" than previous estimates, allowing more time for companies to mitigate any potential impact. Companies also indicated in first quarter discussions with analysts that they expect a different approach rather than a blanket tariff. "Several [companies] mentioning stockpiling inventory ahead of tariffs to mitigate near-term impact & ability to ramp up US capacity [plus] many hinted there could be a distinction between Section 232 tariffs for countries that pose national security concerns vs localities like Ireland," Tewari wrote. The Trump administration launched a Section 232 investigation in April to determine which drug manufacturers are operating in countries that pose a national security threat to the US. Those drugs and drugmakers could face the steepest penalties, if they have not moved or adjusted operations accordingly. The US already largely produces branded drugs domestically, but the lower-cost generics market is mostly based in Asia and Europe. Some pharma executives have indicated they could work with the US to adjust the threat by producing more locally. "We don't make those medicines today, we invented them long ago, but the industry could play a role in helping national security, and that would be fine," Eli Lilly (LLY) CEO David Ricks told Yahoo Finance earlier this year. Mizuho's Holz expects the tariff will be significantly less than Trump's comments. "Makes nearly as much sense as every other threat this administration has uttered since taking over. Will certainly be walked down dramatically. Imagine next headline will be POTUS praising entities such as LLY and JNJ for their patriotism (moving more production domestically)," Holz wrote. "Street has prudently ignored the 200% figure and deemed as erroneous," he added. Anjalee Khemlani is the senior health reporter at Yahoo Finance, covering all things pharma, insurance, care services, digital health, PBMs, and health policy and politics. That includes GLP-1s, of course. Follow Anjalee as AnjKhem on social media platforms X, LinkedIn, and Bluesky @AnjKhem. Click here for in-depth analysis of the latest health industry news and events impacting stock prices
Hindustan Times
4 days ago
- Politics
- Hindustan Times
No rationale behind hiking power tariff in Chandigarh, says MP Tewari
The member of parliament and former Union minister Manish Tewari on Sunday criticised the rising electricity bills and fixed charges in the UT. He called the rising electricity charges unjustified. Chandigarh MP Manish Tewari (HT File) MP Tewari was responding to the issues raised by the residents during a joint meeting held by the Joint Coordination Committee of the Resident Welfare Association (RWAs) of Ward Number 23 at Sector-43 Community Centre. MP Tewari said that he has been consistently raising Chandigarh-related matters in the parliament. He argued that since the power company has not undertaken any significant infrastructure upgrades or expansions, there is no rationale behind increasing electricity charges. He assured residents that he would strongly raise these concerns during the upcoming Joint Electricity Regulatory Commission (JERC) meeting scheduled for July 25. Chandigarh Congress president HS Lucky and area councillor Prem Lata were also present in the meeting. Lucky praised MP Tewari, saying that the city is fortunate to have a sincere and sensible representative who not only utilises his MPLADS for local development but also persistently voices public concerns in parliament and other forums. During the event, MP Tewari also honoured senior citizens of the ward with mementos as a mark of respect. The event was attended by several prominent personalities, including Chandigarh's senior deputy mayor Jasbir Bunty, deputy mayor Taruna Mehta, councillor Hardeep Singh, AAP Chandigarh president Vijay Paul Singh, former councillor Chandermukhi Sharma, CRAWFED president Hitesh Puri, FOSWAC president Baljinder Singh Bittu, and other residents including Naresh Salwan, Jaswinder Singh, and Narendra Chaudhary.
Time of India
13-07-2025
- Politics
- Time of India
Manish Tewari steps down as chairman of art culture tourism and heritage sub-committee in Chandigarh
1 2 Chandigarh: Calling for domain expertise over political affiliation, Manish Tewari, MP from the Chandigarh parliamentary constituency, stepped down on Sunday from his role as chairman of the art, culture, tourism and heritage sub-committee of the administrator's advisory council. Tewari's resignation comes amid growing concerns over the political composition of the council's sub-committees. Since their formation, questions have been raised about the dominance of BJP leaders, with seven out of ten sub-committees chaired by individuals affiliated with the party. In a detailed letter addressed to Punjab Governor and Chandigarh Administrator Gulab Chand Kataria, Tewari emphasised that political figures should not head these sub-committees, which are meant to guide policy on specialized subjects. He argued that domain experts and individuals with deep knowledge and experience in respective fields should be appointed instead. "There is no dearth of such experienced and talented people in Chandigarh who have eons of experience and expertise in their respective fields," Tewari wrote. "Given that your good self, in your innate wisdom, has decided to make political personalities as chairpersons of the respective sub-committees, under those circumstances, I would like to request you to kindly appoint Harmohinder Singh Lucky, president of Chandigarh Congress, as the chairperson of the sub-committee on art, culture, tourism and heritage preservation in my place. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo " Tewari also expressed concern over the political imbalance in the appointments. "I was rather struck by the fact that seven out of the ten chairpersons of the various sub-committees belong to one political dispensation only. Is this inadvertent or deliberate, and even appropriate from the point of view of propriety? I leave it to your august wisdom and sagacity to reflect upon the same," he stated. He also noted that while presidents of other political parties in Chandigarh have been appointed as chairpersons of various sub-committees, Lucky, president of the Chandigarh Territorial Congress Committee (CTCC), has only been made a member of the art, culture, tourism and heritage preservation sub-committee. BJP Dominance in Sub-Committee Chairmanships Out of 10 sub-committees, 7 are chaired by active BJP leaders. Satnam Singh Sandhu (Rajya Sabha MP) Jatinder Pal Malhotra (BJP Chandigarh president) Satya Pal Jain (Former MP) Gian Chand Gupta (Former mayor and Haryana vidhan sabha speaker) Anup Gupta (Former mayor) Sanjay Tandon (Former BJP president) Subhash Chawla (BJP leader)
Indian Express
13-07-2025
- Politics
- Indian Express
Restructure of sub-committees under Administrator's Advisory Council: Tewari seeks H S Lucky's appointment in his place as head of heritage sub-committee
Senior Congress leader and Member of Parliament from Chandigarh (MP), Manish Tewari, has written to Punjab Governor and Chandigarh Administrator Gulab Chand Kataria, requesting that Harmohinder Singh Lucky, president, Chandigarh Territorial Congress Committee (CTCC), be appointed as the chairperson of the Sub-Committee on Art, Culture, Tourism and Heritage Preservation in his place. In his letter, Tewari expressed concern over the 'political imbalance' in the composition of chairpersons for the newly constituted sub-committees under the Administrator's Advisory Council. He pointed out that while presidents of various political parties in Chandigarh have been appointed as chairpersons of different sub-committees, Lucky has only been made a member — not a chairperson — which he described as a 'serious anomaly.' The MP emphasised that ideally, such committees should be headed by domain experts with proven credentials in their respective fields. However, since political appointees are being made chairpersons, he argued that all major political parties in the city should be represented fairly. 'There is no dearth of experienced and talented people in Chandigarh who possess deep expertise in their fields. Ideally, such domain experts should be heading these committees,' Tewari wrote, adding that the current structure does not reflect equitable representation. Expressing concern, Tewari wrote 'seven out of ten chairpersons belong to one political dispensation only,' referring to the Bharatiya Janata Party (BJP), raising questions about whether the appointments were 'inadvertent or deliberate.' The Chandigarh Administration on July 11 restructured its governance framework by forming 10 standing committees under the Administrator's Advisory Council. These committees include professionals, experts, and public figures from a variety of fields. However, the dominance of BJP-affiliated appointees in chairperson roles has drawn criticism from opposition leaders. Tewari urged Kataria to reflect on the matter in the spirit of fairness and to uphold propriety in the advisory structure, especially given his vast political and administrative experience.
New Indian Express
13-07-2025
- New Indian Express
The Cop Who Shoots at Sight
On a sweltering summer afternoon in Delhi, dressed in a charcoal grey safari suit, Shivendra Kant Tewari looks at his packed schedule for the day. 'The work is very demanding. Photography simply gives me a sense of peace,' he says. A 1987 batch IPS officer, Tewari's love for the camera knows no bounds. 'I borrowed my first camera from a relative. Cameras used to be very expensive back in the day. But I couldn't hold back for long. I ended up investing in a Sony F1. That's where it all began.' From wildlife, landscapes, and aviation to celestial phenomena, the 56-year-old captures a wide range of subjects. 'My job as an IPS officer is undoubtedly hectic. But it came with the opportunity to travel the world. Whenever I could find a little time between work commitments, I would quickly take out my camera and click as much as I could,' says Tewari. From destinations all over the world to places like Nathu La, Ladakh, and the Andaman Islands in India, Tewari's camera has captured it all. But wildlife continues to remain his favourite subject. 'My fascination with tigers is inexpressible. It is something about their eyes, their movement, that speaks to my camera. I can never get bored of clicking them,' he says as he gets ready to pack his bags for his upcoming trip.
