Manufacturing

Trump signed sweeping executive order imposing 100% tariff on all imported patented pharmaceutical products. Companies building US manufacturing facilities can avoid tariffs aiming to onshore pharma production. Nifty Pharma index fell over 5% with all constituent stocks trading lower.

Arm has announced its first own semiconductors, the Arm AGI CPU, targeting agentic AI workloads with double the performance per watt of Intel and AMD x86 alternatives. Meta, OpenAI, and Cerebras are among the first customers.