White House Demands Drugmakers Lower Prices, Novo & AstraZeneca Stocks Fall | The Opening Trade 8/1

A global stock selloff extended to a sixth day — the longest streak since September 2023 — as President Donald Trump sweeping import tariffs raised concerns about the outlook for economic growth. At an average of 15%, the world is still facing some of the steepest US tariffs since the 1930s, roughly six times higher than they were a year ago.

Europe’s Stoxx 600 fell to a one-month low, with pharmaceutical stocks including Novo Nordisk, Sanofi, GSK and AstraZeneca leading declines after Trump demanded drug companies lower US prices.

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, Kriti Gupta and Valerie Tytel.

Chapters:
00:00:00 - The Opening Trade
00:01:58 - IAG Earnings
00:03:35 - Trump Tariff Deadline
00:04:27 - Switzerland 39% Tariffs
00:08:39 - Apple iPhone, Amazon Stock
00:11:05 - Nonfarm Payrolls
00:12:34 - Heathrow Third Runway
00:13:07 - UK Bank Car Loans Court Ruling
00:15:06 - EuroNext CEO
00:24:39 - US Jobs Report
00:35:45 - Pharma Stocks Pressure
00:38:06 - Brazil Tariffs
00:41:21 - End of Nasdaq Rally?
00:50:55 - Alti Tiedemann CIO Nancy Curtin
01:08:20 - Trump Wants Lower Drug Prices
01:12:15 - IAG Share Price
01:18:05 - Trump Tariff Bonanza
01:21:36 - Mexico Tariff: 90-Day Reprieve
01:25:58 - Daimler Truck Cuts Guidance
01:31:22 - Bank Earnings
01:35:03 - Superman Movie
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