By Patrick Wingrove (Reuters) -Swiss drugmaker Novartis said on Thursday it plans to spend $23 billion to build and expand 10 facilities in the U.S., as it grapples with renewed threats of drug import duties from the Trump administration. Novartis said it plans to build six new manufacturing plants, some of which will make raw…

By Brijesh Patel and Anmol Choubey (Reuters) – Gold prices jumped nearly 3% to an all-time high on Thursday, as a drop in the dollar and an escalating trade war between the U.S. and China drove investors towards the safe-haven allure of the precious metal. Spot gold climbed 2.6% to $3,160.82 an ounce at 01:54…

(Reuters) -Traders on Wednesday sharply trimmed their earlier bets on a May start to Federal Reserve rate cuts after U.S. President Donald Trump said on Truth Social he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for most other countries. Traders now see…

(Reuters) – The World Trade Organization on Wednesday estimated the U.S.- China trade tensions could cut the trade of goods between two economies by as much as 80%. “This tit-for-tat approach between the world’s two largest economies, which together account for roughly 3% of global trade, carries wider implications that could severely damage the global…

(Reuters) -Elon Musk’s xAI has nearly doubled gas turbines at its Tennessee data center, exceeding previously known figures and surpassing the number for which the company has submitted permits, according to a letter from community groups to the county’s health department. The Southern Environmental Law Center and local groups have called on the health department…

By Dan Catchpole SEATTLE (Reuters) – Boeing delivered 41 jets in March, up from 29 during the same month a year ago, the company announced Tuesday, though the figure was slightly lower than the 45 handed over in January and 44 in February. Through the first three months of the year, Boeing delivered 130 jets,…

By Jonathan Saul and Renee Maltezou LONDON/ATHENS (Reuters) – President Donald Trump’s administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources. Among the changes under consideration are delayed implementation and new…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Short sellers targeting U.S. companies have gained $127 billion on paper from April 2 through Monday after President Donald Trump’s plans for sweeping tariffs sparked a sharp selloff in stocks, according to data and analytics company Ortex Technologies. The data, for U.S. companies with market capitalization $1 billion…

(Reuters) – Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into effect on Wednesday in a further escalation of trade hostilities that could slow the economy. Traders put about a 56%…