Wall Street’s main indexes declined following US President Donald Trump’s announcement of upcoming pharma tariffs, which heightened trade war concerns and negatively impacted corporate results. Major pharmaceutical companies like Eli Lilly, Merck, and Pfizer saw their shares drop, while Ford Motor suspended its annual outlook amid tariff uncertainty. In early trading, the Dow fell 1.06%, the S&P 500 dropped 1.10%, and the Nasdaq Composite lost 1.35%, with most sectors, particularly healthcare and tech, trading lower as investors awaited insights from the Federal Reserve’s meeting on interest rates.
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Budget cash splash hopes to fix flammable cladding problems at Perth’s biggest hospitals
The Western Australian government has allocated an additional $28 million for flammable cladding remediation at Perth Children’s Hospital, following a previous $33.3 million for Fiona Stanley Hospital. With total costs expected to exceed $41 million, ongoing cladding replacement efforts are projected to extend until at least the 2028-29 financial year across several major hospitals. Need More Context? 🔎
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