Financial Summary: Friday, September 26, 2025

President Trump has imposed a 100% tariff on branded pharmaceuticals not manufactured in the U.S. to boost domestic production.

Former FBI Director James Comey has been indicted on obstruction and false statement charges, with backing from President Trump.

UK Prime Minister Starmer plans to introduce digital ID cards for adults to counter the rise of populist politics.

Concerns are escalating over a potential U.S. government shutdown as Congress struggles to finalize a funding agreement.

Menzies Campbell, former leader of the Liberal Democrats, has passed away at the age of 84.

China has not publicly responded to President Trump's announcement regarding a deal that would allow TikTok to continue operating in the U.S.

Argentina receives support from the U.S., providing crucial assistance ahead of the upcoming October elections.

The Trump administration is intensifying efforts to regulate semiconductor imports, affecting global supply chains.

US Defense Secretary convenes a rare military summit in Virginia, raising concerns and speculation about national security strategies.

The UK plans to negotiate higher drug prices to appease US President Trump and pharmaceutical companies during upcoming talks in Washington.

U.S. stock markets declined amid rising uncertainty over potential interest rate cuts by the Federal Reserve.

Indian markets faced pressure with the Nifty index dropping below 25,000 due to foreign fund outflows and concerns over new U.S. tariffs.

South Korean shares are set to end a four-week rally as uncertainties surrounding U.S. tariffs and a weakening won weigh on the market.

Japan's Topix index reached a record high despite U.S. tariffs on the pharmaceutical sector, indicating market resilience.

Gold prices are on track for their sixth consecutive weekly gain, driven by a risk-off sentiment and strong ETF inflows.

US oil and gas rig counts have risen to their highest levels since June, indicating increased activity in the sector.

Major stock indexes rebounded, ending a three-day losing streak as investors remained optimistic despite ongoing inflation concerns.

The DOJ stated that markets are unlikely to react significantly if President Trump proceeds with his attempt to fire Fed Governor Lisa Cook amid her ongoing lawsuit.

The Reserve Bank of India is expected to keep policy rates steady amid ongoing economic uncertainties.

Starting April 2026, the Reserve Bank of India will implement two-factor authentication for digital payments to enhance security.

Credit card issuances in India reached a seven-month high in August, with nearly 700,000 new cards issued.

Finance Minister Nirmala Sitharaman has urged banks to strengthen their balance sheets to support infrastructure funding.

India anticipates a consumption boost of Rs 3 lakh crore due to recent GST and income tax cuts.

Ambani and Adani are in competition for renewable energy resources in India, dubbed the 'desert war for green gold'.

Non-bank lenders in India are increasing their market share in personal loans as banks adopt a more cautious approach.

BP's shares have surged over 32% since April, driven by reduced speculation about a takeover.

Tesla experiences a significant sales decline in Europe, with electric vehicle registrations down over 20% year-over-year in August.

Polycab India promoters sold shares worth ₹1,739 crore, significantly reducing their stake in the company.

Maruti Suzuki has become the world's eighth most valuable carmaker, surpassing Ford and GM.

Tata Motors shares rose 2% as Jaguar Land Rover began a phased restart following a cyberattack.

Indian pharmaceutical stocks fell up to 5% after the US imposed a 100% tariff on imported patented drugs.

Vodafone Idea shares slid 4% ahead of a Supreme Court hearing on significant AGR dues.

Waaree Energies shares dropped 5% amid a U.S. Customs investigation into alleged tariff evasion.

Nazara Technologies shares fell 75% due to a stock split and bonus issue affecting share price.

Accenture plans to exit employees who cannot be reskilled in AI as part of its restructuring strategy.

Ørsted is in talks to sell a stake in its £8.5bn Hornsea 3 wind project to Apollo, highlighting interest in renewable energy.

Ford Motor Company unveiled a new $30,000 electric pickup truck, marking a significant move in the electric vehicle market.

PACCAR Inc. declared a $0.33 dividend amid strong financial performance, reinforcing its commitment to shareholder returns.

Boeing received approval from the FAA to sign off on some of its 737 Max and 787 Dreamliner planes, easing restrictions after years of oversight.

Nvidia is making a surprising move by investing in a British AI company, signaling its commitment to expanding its AI portfolio.

Electronic Arts is reportedly nearing a $50 billion deal to go private, which could become the largest leveraged buyout in history.

Spirit Airlines announced the halting of 40 routes as part of a strategy to focus on stronger markets, while also hiring a former Amazon network planning executive.

Joseph Pelfrey, director of NASA's Marshall Space Flight Center, has announced his resignation.

New York mayoral candidate Zohran Mamdani proposes city-owned grocery stores to combat rising food prices.

Money manager Howard Rubin has been arrested on charges of sex trafficking amid previous abuse allegations.

The CDC has removed over a dozen webpages related to sexual and gender identity, raising concerns among health equity advocates.

The backlog of student loan borrowers seeking forgiveness has reached 74,510 under the Trump administration.

Sinclair-owned ABC stations will resume airing 'Jimmy Kimmel Live!' after a three-day preemption.

YouTube TV may lose NBC programming, affecting major events like 'Sunday Night Football'.

A judge has approved a $1.5 billion settlement in a copyright case against Anthropic for using pirated materials.

Nvidia announces a monumental $100 billion investment in OpenAI, strengthening its AI market position.

OpenAI is advancing its superintelligence initiatives to enhance its competitive edge in the AI market.

B Capital's Raj Ganguly predicts an AI 'super cycle' that could transform various industries over the next two decades.

Google is shifting its content moderation strategy to prioritize free expression over accuracy.