Factbox-Global drugmakers rush to boost US presence as tariff threat looms

(Reuters) -Global drugmakers are scrambling to shore up their U.S. manufacturing capacity and domestic inventory as the Trump administration moves ahead with a 100% tariff on imported branded and patented drugs, starting October 1.The sweeping measure has triggered a flurry of activity across the industry, including fast-tracking U.S. manufacturing projects, price cuts and direct-to-consumer sales.Here's what drugmakers are doing to mitigate supply-chain risks and reassure investors:PfizerPfizer reached a deal with President Donald Trump on September 30 to invest $70 billion in research and de…

US Mortgage Rates Rise, Stalling Nascent Recovery in Home Demand

(Bloomberg) -- US mortgage rates rose for the first time in five weeks, thwarting a budding recovery in housing demand and abruptly halting a recent flurry of home refinancing.The contract rate on a 30-year mortgage climbed 12 basis points to 6.46% in the week ended Sept. 26, according to Mortgage Bankers Association data released Wednesday. Adjustable-rate and 15-year fixed mortgages also increased last week.Most Read from BloombergNYC’s Transit System Raises Fares, Tolls as MetroCard Nears EndWhy US Cities Pay Too Much for Transit BusesFor Lovers of Brick, Chicago Is a WonderlandTrump Housin…

Lifeway to shake-up board after Danone “co-operation” deal

Lifeway Foods can “move forward with clarity and stability”, the kefir maker’s CEO has said, after the company struck a “co-operation” deal with minority shareholder Danone.The relationship between Lifeway and Danone – which invested in the business in 1999 – has become strained over the last 12 months after the US group rejected two takeover bids from the French giant and the companies embarked on litigation against each other.This summer, “representatives” of Danone and Lifeway started talks to “reset” the relationship and hold discussions over a “potential acquisition”.However, last month, …

BofA’s Sell Side Indicator stays neutral as S&P 500 around record highs

Investing.com -- Bank of America said in its latest Sell Side Indicator (SSI) note on Wednesday that equity sentiment remains “stubbornly ‘Neutral’” even as the S&P 500 notched a fifth consecutive month of gains in September.The firm’s Sell Side Indicator, which tracks strategists’ average recommended equity allocations in a balanced portfolio, held steady at 55.5%.BofA noted that “equity sentiment [is] flat: 55.5% recommended in stocks…which is hardly euphoric.” By comparison, allocations climbed above 70% at the market’s 2000 peak and cleared 65% before the 2007 high.BofA described the SSI a…

Swiss pharma companies likely to follow Pfizer-US price deal, business lobby says

Trump Wants To Eliminate Income Taxes: Here’s How Much Extra You’d Take Home If You Make $250,000 a Year

President Donald Trump is no stranger to big changes in tax policy , and one of his proposals is perhaps his most audacious yet: a proposed elimination of the federal income tax. While this hasn’t come to pass yet, it’s possible that he could try to find a way to make it work.Find Out: Trump Wants To Eliminate Income Taxes: Here’s What That Would Mean for the Economy and Your WalletRead Next: 8 Common Mistakes Retirees Make With Their Social Security ChecksFederal taxes take the biggest bite out of your earned income because they pay for many important programs and services. Yet, who wouldn’t …