Eli Lilly plans to transform India into a key hub for its global supply chain, backed by a $1bn investment in contract manufacturing, as the sales of its weight-loss drug Mounjaro continue to surge. The company has introduced plans to export locally produced medications worldwide while also bringing other products, like the Alzheimer’s drug donanemab,…

Ford Motor CEO Jim Farley spoke with senior Trump administration officials last month about a potential framework in which Chinese automakers could build cars in America while offering some protection for domestic companies, according to people familiar with the discussions. The automaker’s talks generally about China with the administration have consistently emphasized “the need to…

Bloomberg reports that John Hurley, the Treasury’s undersecretary for terrorism and financial intelligence, is set to depart the role amid friction with Treasury Secretary Scott Bessent, according to people familiar with the matter. The expected departure of the Trump administration’s top sanctions official comes as US sanctions play an increasingly pivotal role for international investors,…

The Financial Times reports that President Donald Trump is planning to scale back some tariffs on steel and aluminum goods, as he battles an affordability crisis that has sapped his approval ratings ahead of November’s midterm elections. Sources close to the White House say that a review of the list of products affected by the…

The U.S. posted a $95bn budget deficit in January, down 26% from a year earlier, as revenue growth outpaced spending increases, according to the Treasury Department. Receipts rose 9% to $560bn, while outlays increased 2% to $655bn. Higher customs duties driven by President Donald Trump’s tariffs significantly boosted revenues, with January net customs receipts reaching…

Carve-outs are set to lead global mergers and acquisitions activity in 2026, as companies streamline portfolios amid geopolitical uncertainty and rapid technological disruption, particularly from artificial intelligence, according to KPMG’s Global M&A Outlook 2026. The survey of 700 dealmakers found that 57% of corporate executives and 71% of private equity firms are open to or…