Trump administration prepared 100% tariffs on drugmakers without pricing deals today. LLY Eli Lilly, PFE Pfizer, JNJ Johnson & Johnson, and AMGN Amgen absorbed the threat. European names AZN AstraZeneca and GSK GSK faced the same pressure showing transatlantic pharma exposure.
The policy shift escalates beyond existing Iran war volatility. Oil held near $100 as Trump speech stoked war fears. CNBC reported Brent surged 60% in March marking the biggest monthly gain dating back to 1988. Airlines scaled back expansion plans as jet fuel supplies remained constrained.
California corporate exodus gained momentum today. TSLA Tesla, Chevron, and McKesson left the state as Newsom praised Apple's 50 years of innovation. The departures highlight shifting corporate location strategy.
COP ConocoPhillips CEO Ryan Lance sold $15M March 31. LNG Cheniere Chief Commercial Officer dumped $8.8M as energy chiefs liquidated positions despite crude strength. Asian CEOs moved opposite with Malaysian and Czech executives adding over $20M combined.
UBER Uber CEO floated Tesla robotaxi partnership driving autonomous vehicle speculation. DAL Delta reports Wednesday as carriers navigate fuel crisis. BYND Beyond Meat missed earnings with weak Q1 guidance sliding premarket.
Financial Times reported foreign central banks sold US Treasuries following Iran war. International holdings at New York Fed fell to lowest since 2012. Chinese government bonds emerged as lone war haven with yields down marginally while other major economies rose.
Micro-cap shorts exploded with ELAB PMGC Holdings SI hitting 132% and HKIT Hitek Global reaching 104%. Cost to borrow spiked to 525% on PMGC showing extreme stress.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
