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The Latest Breaking News from Howard Lutnick

According to Donald Trump’s math, Big Pharma will soon be paying you to take their meds

Donald Trump is back on his favorite hobby of making outrageous claims. This week, he announced he’s slashing prescription drug prices by “400, 500, and even 600 percent.” That basically means pharmacies will hand you pills for free and Venmo you $20 for your trouble.

The Mary Sue

Secretary of Commerce gets schooled on basic maths after Donald Trump’s impossible claim about drug prices

Donald Trump and his cabinet really are that dumb.

We Got This Covered

Howard Lutnick addresses Trump’s ‘mathematically impossible’ claim he’s cutting drug prices by 600% during Fox News grilling

Trump claimed he has negotiated with drug companies to cut prices by ‘as much as 400, 500 and even 600 percent’

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump tariffs and warming India-China ties have silenced the Quad partnership … for now

When leaders of “the Quad” last met in September 2024, host and then-President Joe Biden declared the partnership between the United States, India, Australia and Japan to be “more strategically aligned than ever before.”

The Conversation

Trump continues to dangle $2,000 checks for Americans as tariff rebates - but will they happen in 2026?

Future of $2,000 tariff rebate checks likely lies with the Supreme Court which will soon decide if the president can impose sweeping tariffs

The Independent UK

US puts £31bn tech ‘prosperity deal’ with Britain on ice

Pledge to invest billions in UK paused, with Washington citing lack of progress on trade barriers across pond

The Guardian - UK

Stephen Colbert on Trump’s ‘gold card’: ‘Pay-to-play program for rich foreigners’

Late-night hosts discussed Donald Trump’s new “golden visa” program for wealthy foreigners and his increasingly weird reassurances on the economy.

The Guardian - US

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Trump Gold Card: MAGA Supporters Accuse POTUS Of 'Grifting American Citizenship With No Shame'

Trump's new Gold Card scheme faces backlash from MAGA supporters who accuse him of "selling citizenship" as critics warn of inequality and legal challenges.

International Business Times UK

Trump administration launches ‘Gold Card’ visa website - Roll Call

The Trump administration launched a Gold Card initiative that would allow foreign nationals to get legal status in the U.S. for $1 million.

Roll Call

The Free Market Can Connect Rural America Faster Than the Government

Private innovation is connecting rural America faster than Washington’s $42 billion broadband program.

Reason

Nvidia CEO Jensen Huang says people need to find success in traditional factory jobs again: 'Every successful person doesn't need to have a PhD'

The cofounder of the $4.53 trillion AI chip giant says Americans should return to factory work—for their own prosperity and the country’s. Howard Lutnick claims technician roles can start at $90,000, no college degree required.

Fortune

Trump reveals he ‘didn’t prepare very much’ ahead of hosting Kennedy Center Honors

Trump notably skipped the Kennedy Center Honors entirely during his first term

The Independent UK

Trump Caught 'Napping' On Duty — And Karoline Leavitt's Defence Only Makes It Worse

President Donald J. Trump appeared to nod off during a televised Cabinet meeting — a moment seized upon by critics even as Press Secretary Karoline Leavitt insists he was fully focused and in control.

International Business Times UK

Arm Holdings To Open Chip School In South Korea To Train 1,400 Experts For AI

South Korea's industry ministry and SoftBank Group Corp.’s (OTC:SFTBY) (OTC:SFTBF) chip unit, Arm Holdings Plc (NASDAQ:ARM), signed an agreement to boost the country's semiconductor and artificial intelligence sectors, a presidential policy adviser announced Friday.

Benzinga

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The Mary Sue

Hardworking President Trump took another midday nap while Marco Rubio sang his praises sitting right beside

Donald Trump has had enough laughs with his “Sleepy Joe” jabs at former President Joe Biden. Turns out, it was a boomerang that came right back to hit him on the head. Now, he’s napping, and everyone’s laughing.

Reason

Republican Socialism: Trump Is Taking Federal Stakes in Private Companies

The Trump administration's pivot toward socialism did not come without warning.

Benzinga

US Cuts South Korean Auto Tariffs To 15% In Response To Strategic Investment Legislation

U.S. Commerce Secretary Howard Lutnick has confirmed a substantial cut in the general tariff rate on imports from South Korea, including automobiles, to 15%.

Benzinga

Howard Lutnick Says Trump Administration Chip R&D Partnership With Former Intel CEO Pat Gelsinger's Startup Can 'Fundamentally Rewrite The Limits'

On Monday, the Donald Trump administration said it has signed a preliminary, nonbinding agreement to take an equity stake in xLight.

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The Guardian - UK

European parliament calls for social media ban on under-16s

MEPs pass resolution to help parents tackle growing dangers of addictive internet platforms

Euronews

EU must ‘stand by the promises made’ on digital rules, Vestager tells Euronews

In an interview with Euronews' flagship morning show Europe Today, the former digital czar Vestager urged the EU to stand firm on its digital rules as the US pushes for softer enforcement in exchange for tariff relief. "Defending rules vital for single market and European consumers."

Euronews

US to cut steel tariffs only if EU agrees to soften digital rules enforcement in return

The US pushes for softer digital rules enforcement in exchange for tariff relief to the Europeans after Brussels meeting with Greer and Lutnick.

Benzinga

US Economy Set To Grow In 2026 — But A New Survey Warns Of Weak Jobs, Sticky Inflation And Hidden Risks Ahead

The U.S. economy is projected to grow modestly in 2026, though job creation is expected to stay weak, according to a new NABE survey.

Euronews

High-stakes showdown looms as US and EU trade member states meet

US officials and EU ministers are meeting in Brussels on Monday for what is expected to be a "frank" discussion about the two sides' fraught trade deal.

Benzinga

Howard Lutnick Says Trump Could Deliver '6% GDP Growth,' Touts $3 Trillion A Year Investments: 'Factories Are Coming Home...'

Commerce Secretary Howard Lutnick said the U.S. economy is positioned for rapid expansion under President Donald Trump, citing a historic wave of manufacturing construction and tariff-driven capital investment that he argued will reshape the country's economic trajectory.

The Guardian - UK

EU and US to restart trade talks as sticking points on July tariff deal remain

US officials to hold high-level talks in Brussels amid unhappiness in Washington at slow action on July deal

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