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Roche Announces $50B US Investment Plan to Avoid Tariffs

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In what is a major development for the industry, Switzerland-based pharmaceutical giant Roche has announced a $50 billion investment plan in the US. Indeed, the company is set to increase its presence in the country to avoid the ongoing threat of tariffs on the sector. The investment should be massive for the economy, creating more than 12,000 jobs, according to a press release. Moreover, the move comes after US President Trump said that he would no longer exempt the industry from facing import duties. That decision has many companies in the sector looking for much-needed protections. JUST IN: Swiss pharmaceutical giant Roche to invest $50 billion in the United States to avoid tariffs. — Watcher.Guru (@WatcherGuru) April 23, 2025 Also Read: Trump: “Tariffs are Going Well, Everybody Wants to Negotiate” Roche Announces Major US Investment as Pharmaceutical Firm Eyes Tariff Protection For much of April, the global economy has sought ways to deal with the United States’ new Liberation...

US Inflation Falls to 2.9% in July 2024

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With all eyes on the country’s economy, US Inflation has fallen to 2.9% in July 2024. Indeed, the number is a focal point after jobs data sparked concern and a global sell-off last week. Subsequently, all eyes are on where inflation stands, and how the country’s central Bank will respond. Despite panic over a potential recession, the Federal Reserve has kept interest rates at a 23-year high amid its ongoing inflation fight. The Fed has stood firm by its 2% inflation target. With its wait-and-see approach, the market is expecting those cuts to come next month. BREAKING: US inflation falls to 2.9%, lower than expectations. — Watcher.Guru (@WatcherGuru) August 14, 2024 Also Read: US Economy Is Slowing Down, Showing Signs Of A Possible Decay Inflation Stays at 2.9% as Market Awaits Fed Rate Cuts Throughout the year, the US economy has been in a fragile state. Inflation has not retreated as well as many hoped, and its placed the Federal Reserve in a rather difficult positi...

Germany is dragging Europe’s economy down — and that’s great for crypto

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Cointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is a positive for cryptocurrencies. In the latest episode of Macro Markets , Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy . According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy .“ The article explains how the country heavily depends on manufacturing, which has been hurt as foreign governments rush to protect domestic industries. According to Pechman, Germany’s gross domestic product (GDP) ranks fourth globally, 42% bigger than France’s GDP. Moreover, manufacturing is responsible for nearly 20% of its economy . To make things worse, the manufacturing industry in Germany employs 10% of the workforce. As the surplus (exports minus imports) reached its lowest level in 23 years, it is causing a GDP contraction for Germany, which affects the government’s capabilities to pay for its...

What is the global financial crisis and its impact on the global economy

The Global Financial Crisis was a widespread economic downturn that began in 2008 and resulted from the collapse of the housing market and investment banks. When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds, and real estate often see a sharp and significant decline in value during financial crises. They can also be identified by a decline in credit availability and a loss of faith in financial institutions like banks. Related: DeFi vs. CeFi: Comparing decentralized to centralized finance Financial crises can be caused by a variety of factors, including: Overleveraging: When people, businesses, and governments take on excessive debt, they put themselves at risk of a financial collapse. Asset price bubbles: When the cost of an asset, such as a home or stock, rises quickly, it can lead to a financial crisis when the price falls sharply. Bank runs: When enough customers attem...