The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
The ruling affects levies imposed under a certain national emergency law, which is a lot of them, but not all.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
So the president cranked up those backed by other laws.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
He floated across-the-board levies of 10 percent on Friday, then lifted that to 15 percent — the legal maximum — over the weekend.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
That flat rate could actually feel like relief for some.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Brazil, China, and India had previously been dealt higher numbers, so a one-sized global levy might cut their bills.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
But for the UK, Europe, and Singapore, which had haggled their way to lower rates, a blanket tariff could be a step backward.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Still, they might not have to live with it for long.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
The new tariffs, set to kick in roughly now, will only last 150 days, unless Congress votes to extend them.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
You wouldn't have known the news from watching the stock market.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Investors barely budged, now used to tariffs being as on-again, off-again as a celebrity relationship.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Investors did buy a bit more gold, unsurprisingly, since so-called safe haven assets can feel like a security blanket in uncertain times.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
That helped the precious metal build on its three-week winning streak.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
And while it's still shy of January highs, gold is sitting some 20% above where it started the year.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Before we dive into the next story, it's time for our daily check-in with Carl.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
You've got questions, he's got your answers.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Carl, what have you got for us today?
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Thanks, Carl.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
Next up, Novo Nordisk's next generation weight loss drug underperformed Eli Lilly's offering in a clinical trial, tipping the scales toward the American firm.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
While drugs like Ozempic are still relatively new to the mainstream, they've actually been around for a while, specifically for treating diabetes.
The Finimize Daily Brief
The Supreme Court Ruled America’s Sweeping Tariffs Illegal, And Novo Nordisk’s New Weight‑loss Drug Came Up Short
In fact, Novo's patents on a few older obesity drugs are now running down the clock in some markets.