Trump trade war spreads more gloom across businesses worldwide

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The story "Trump trade war spreads more gloom across businesses worldwide" was covered 16 hours ago by Malay Mail, a news publisher based in Malaysia.

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Trump trade war spreads more gloom across businesses worldwide - Malay Mail

Quick Summary:

Trump tariffs reshaping business strategies, roiling markets Pepsi, P&G, American Airlines and Thermo Fisher latest t...

P&G, soda and snacks giant PepsiCo and medical equipment maker Thermo Fisher Scientific, became the latest companies to cut annual profit forecasts, citing trade turmoil.

Several major drugmakers have said they will invest additional dollars in the US, where many operate already, even as they have been concerned about healthcare funding cuts and mass layoffs at the US Food and Drug Administration.“The concern for us is anything that would impact innovation,” said Bristol Myers CFO David Elkins, “or would restrict access to medicines for patients.