By Sneha S K(Reuters) -Gene sequencing equipment maker PacBio plans to cut around 120 jobs and lower expenses due to fresh tariffs and reduced funding for federal health agency National Institutes of Health (NIH), it said on Wednesday.The company plans to eliminate about "80 current positions and 40 open or planned positions across the organization," it said in an emailed statement.WHY IT’S IMPO ...
By Maggie FickLONDON (Reuters) -U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.Trump excluded them from his announcement of sweeping import tariffs last week, but in recent weeks he introduced tariffs on raw ingredients and supplies fro ...
By Aditya Soni and Juby Babu(Reuters) -The "Magnificent Seven" stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions.The gains did not erase the $3.4 trillion in value the companies have collectively shed since their peak in late 2024, with som ...
By John KruzelWASHINGTON (Reuters) -The U.S. Supreme Court cleared the way on Wednesday for President Donald Trump to remove Democratic members of two federal labor boards for now, putting on hold a pair of judicial orders that had shielded them from dismissal.Chief Justice John Roberts, acting on behalf of the court, halted the orders by two Washington-based federal judges that blocked Trump’s ...