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Business

US Sets Zero Tariff on Specialty Drugs from India and 19 Nations

The US will impose zero al valorem tariffs on certain specialty drugs and ingredients for rare medical conditions imported from India and 19 other countries. This exemption covers drugs for rare diseases, infertility, cell and gene therapies, antibody-drug conjugates, and animal pharmaceuticals. The move is part of President Trump's plan to raise tariffs on some patented drugs starting September 29, but these products and components qualify for zero tariffs.

Hindustan Times·4h ago

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Sports

Hurricanes to Raise Stanley Cup Banner, Face Panthers in NHL Opener

The Carolina Hurricanes will raise their Stanley Cup banner before facing the Florida Panthers in the NHL season opener in Raleigh, North Carolina. The Panthers, coached by Paul Maurice, missed the 2025-26 postseason after winning the Cup in 2024 and 2025. The matchup features the Stanley Cup winners from the past three seasons, with a shortened training camp and only four preseason games this year.

HT Sports·1h ago·Raleigh

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Business

Goldman Sachs: US High-Yield Debt Surge Overwhelms Investors

Goldman Sachs reports that a surge in corporate bond supply in the US high-yield market is overwhelming debt investors. This influx is pushing risk premiums to their highest level in five months, signaling increased caution among investors in this sector, according to the firm's head of credit strategy.

Mint Markets·39m ago

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Politics

Trump Denies Offering US Weapons to China, Contradicts Ambassador

US President Donald Trump denied asking Chinese President Xi Jinping if he wanted to buy American weapons. This contradicts the statement by US Ambassador to China David Perdue, who claimed Trump had made such an offer to Xi. The conflicting accounts highlight differing narratives on US-China diplomatic interactions regarding arms sales.

Times of India·44m ago

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Business

US Stocks Fall Amid Rising Oil Prices and Treasury Yields

US stocks declined due to concerns over rising oil prices and higher Treasury yields. Investor caution increased amid uncertainty about potential Iran war peace deal negotiations. Federal Reserve officials suggested possible interest rate hikes if inflation rises significantly. Nvidia shares surged after announcing a record $150 billion share buyback, while Tesla shares fell following a lowered price target.

ET Markets·58m ago

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Politics

Amit Shah to Chair Meeting on Mahanadi Water Dispute

Union Home Minister Amit Shah will chair a meeting on October 1 to resolve the Mahanadi river water-sharing dispute between Odisha and Chhattisgarh. The Chief Ministers, Chief Secretaries, and Chief Engineers of both states will attend. The meeting aims to build trust for a final resolution. Earlier, Union Jal Shakti Minister C.R. Patil held a related meeting on July 30. Engineers have submitted technical reports to the Central Water Commission.

The Hindu·52m ago·Bhubaneswar

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