The proposed $14 billion price tag for TikTok’s US business values it like a "stuffy old energy or food company" rather than a leading global social media company. President Donald Trump pushed forward a plan for American investors to buy the US operation from Chinese internet firm ByteDance to reduce ByteDance’s stake to less than 20% to satisfy US national security concerns.
Trump announced a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US. Imported heavy trucks will be subject to a 25% duty.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Lizzy Burden and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:02:06 – Trump New Pharma Tariffs
00:04:52 – US Spending Data Hot, Fed Rate Path in Doubt
00:07:30 – Europeans Tell Russia They’ll Down Jets
00:11:02 – Tiktok App Approved
00:12:17 – Moldova Elections Sunday
00:12:38 – Volkswagen Cuts Output
00:14:04 – US GDP Lifted by Consumer
00:14:51 – S&P Futures
00:25:39 – Tiktok Executive Order, Oracle
00:27:39 – China Yet to Publicly Endorse Tiktok Deal
00:38:24 – NATO Fighter Jets ‘Can Do the Ultimate’: Mark Rutte
00:47:44 – Stocks to Watch: Pharma, Chips, Trucks
00:54:49 – UBS’ Gerry Fowler
01:05:30 – Heavy Truck Stocks
01:07:13 – Tariffs Start Oct. 1
01:12:13 – European Stocks Check
01:16:16 – AI Spending Warning
01:30:38 – Why Apple Hasn’t Cracked AI
01:31:33 – UK to Introduce Mandatory Digital ID
01:33:39 – UK Labour Party Conference
01:35:33 – Ryder Cup at Bethpage Black
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