Markets Rally On US-China Deal & Big Pharma Grapples with Price Cuts?
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What is the impact of the US-China trade deal?
The promotion, which is available to members of its loyalty program, AMC Stubs, kicks off on July 9th and means Wednesday will join Tuesday as the two weeknights where you can score discounted tickets at AMCs. Toby, half off enough to get you out on a weeknight?
I think so. Actually, I love the idea of a of a Wednesday movie because I also love the idea of a solo movie night. I've done one of those recently and it just I don't know. It's just a time for yourself. But I think AMC needs this. Their first quarter admissions revenue fell almost. 11% from a year earlier. Outside the pandemic, it was their worst first three months of the year since 1996. So they're pulling all the levers that they can to try to get people to come out. That being said, AMCCO Adam Aran said that their first quarter was an anomaly and they're already seeing people start to come back to the movies. So maybe you just need a lot of teenagers who love screaming chicken jockey rather than any big promotion to bring people back to the theaters.
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How will Trump's executive order affect drug prices?
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Need to find me a date that understands that. Go to endthecampaign.com and meet customers where they are, not where your calendar thinks they should be. It was Christmas in May on Wall Street yesterday after the U.S. and China announced a major de-escalation in a trade war that threatened to topple global commerce. Following a weekend meeting that could not have been an email, The U.S.
What are the implications of Trump's Gulf visit?
said it would lower tariffs on China from 145% to 30%, while China will lower tariffs on the U.S. from 125% to 10%. Those new rates will be in effect for a 90-day period so that talks can continue. And with that, the sell America trade that had been running since Liberation Day turned into buy America once again. The S&P 500 popped over 3%. The Nasdaq officially entered a bull market and the Dow gained one thousand one hundred points while traders piled into the dollar and oil and out of gold, a safe haven. The ramping down of tariffs signaled to investors that for now, the worst case economic scenario was likely averted and the scale of the tariff reduction was even more than they had expected. The general feeling among investors.
economists was, we're not sure why this trade war was launched in the first place or what it has accomplished besides sowing chaos, but we are glad to be waking up from April's nightmare. Over in China, they were almost as ecstatic as on Wall Street, touting the deal as a 12 rounds with the world's top economy in the trade ring and held it to a split decision. What happens next is the big question mark hanging over all of this. The U.S. still has 30 percent tariffs on Chinese goods, eight times higher than when Trump took office. And it's unclear what it would take to lower those even further. For now, though, a big sigh of relief for businesses across the Pacific.
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