By Arsheeya Bajwa and Aditya Soni(Reuters) -Global chip stocks were battered on Wednesday on fresh evidence of how U.S. President Donald Trump’s shifting trade policy was complicating the outlook for semiconductor and computing giants, including AI pioneer Nvidia (NASDAQ:NVDA) and its rival AMD.Attempts to reorient global trade through tariffs and export curbs have started to show the effect as ...
By Deena Beasley(Reuters) -U.S. tariffs on pharmaceuticals could eventually mean higher prices for brand-name medicines, but in the near term the costs would likely be absorbed by drugmakers rather than patients whose payments are often set by health insurance.U.S. health insurers, which pay the bulk of prescription drug costs, act as a buffer between drugmakers and patients, with beneficiaries su ...
By Nathan Vifflin(Reuters) -Chinese demand for ASML (AS:ASML)’s chip-making tools has been stronger than expected in 2025, Chief Financial Officer Roger Dassen said on Wednesday.ASML, the world’s biggest supplier of computer chip-making equipment, had warned in October that China sales would drop to 20% of its net system sales. However, they are so far looking stronger than anticipated, Dassen ...
By Nora EckertDETROIT (Reuters) -Ford Motor’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year, one of the automaker’s top executives said on Wednesday.John Lawler, Ford’s vice chair and former chief financial officer, gave a rare glimpse into the automaker’s earnings in the country, where it has been restructuring to ste ...