Oil and gas companies in the United States are preparing for potential disruptions as President Trump considers imposing 25 percent tariffs on goods from Canada and Mexico, which could drive up fuel prices by impacting oil imports. The oil industry, a major supporter of Trump, is uncertain about the impact of these tariffs, especially on refineries reliant on Canadian and Mexican oil, with analysts questioning who will bear the additional costs. Despite promises to reduce energy costs, Trump’s administration may not exempt fossil fuels from tariffs, potentially leading to higher prices at the pump and affecting both American consumers and Canadian oil producers.
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Why This Biotech Company Could Be a Growth Stock Powerhouse
Vertex Pharmaceuticals (NASDAQ: VRTX) has encountered significant challenges this year, resulting in a 2% decline in its stock price, contrasting with a 9% increase in the S&P 500. Despite these issues, the company may present an attractive investment opportunity for growth over the next five years, suggesting that investors should remain optimistic about its potential. Want More Context? 🔎
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