Freeport-McMoRan Higher on Tariffs; Starbucks Overseas Interest; Merck M&A
On this episode of Stock Movers:- Freeport-McMoRan (FCX) is higher this morning as President Trump announced a 50% tariff on copper imports, causing a record spike in New York futures and a drop in the global benchmark. The plan, announced in an apparently off-the-cuff comment to reporters, marks the latest twist in a tumultuous period for industrial commodities, as the US leader aims to encourage more mining and smelting at home. He’s already raised fees on steel and aluminum imports, while probes into flows of multiple other metals are in train.- Starbucks (SBUX) is gaining after it…
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