Stellantis and other European automakers fall on yet another US tariff threat

President Trump’s latest tariff target has European auto stocks, including Jeep maker Stellantis, Volkswagen, and Mercedes-Benz, hitting the breaks. In a Friday morning Truth Social post, Trump threatened to slap the EU with a fresh 50% tariff as early as June 1.

“Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States,” the President wrote.

Trump’s potential EU tariffs would be yet another headache for these automakers, which have adjusted their US strategies multiple times through April’s 25% auto tariff, May’s 25% auto parts tariff, and various other targeted levies, delays, and adjustments. Shares of nearly all major EU car manufacturers were down 3% or more on Friday.

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Washington D.C. looks set to get America’s second Sphere

Revenue for the Las Vegas version of the big orb has soared, but the sphere is still a money pit.

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Opponents of the Netflix-Warner Bros. deal take fight to Europe

Europe is the latest frontier of the ongoing tug-of-war for the “Friends” back catalog.

Paramount Skydance To Reportedly Make Bid For Warner Bros. Discovery

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

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“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

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Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

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Big Pharma enters 2026 with an appetite for deals

At the JPMorgan Healthcare Conference, biotechs and Big Pharma signaled they’re primed for M&A this year, after a big year for deals in 2025.

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