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Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. 

Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments in the U.S. It comes as drugmakers brace for Trump’s levies on pharmaceuticals imported into the country — his administration’s bid to boost domestic manufacturing.

“If I know that there will not be tariffs … then there are tremendous investments that can happen in this country, both in R&D and manufacturing,” Bourla said on the call, adding that the company is also hoping for “certainty.”

“In periods of uncertainty, everybody is controlling their cost as we are doing, and then is very frugal with their investment, as we are doing, so that we are prepared for remit. So that’s what I want to see,” Bourla said.

Bourla noted the tax environment, which had previously pushed manufacturing abroad, has “significantly changed now” with the establishment of a global minimum tax of around 15%. He said that shift hasn’t necessarily made the U.S. more attractive, saying “it’s not as good” to invest here without additional incentives or clarity around tariffs.

“Now [Trump] I’m sure — and I know because I talked to him — that he would like to see even a reduction in the current tax regime particularly for locally produced goods,” Bourla said, adding a further decrease would be would be a strong incentive for manufacturing in the U.S.

Unlike other companies grappling with evolving trade policy, Pfizer did not revise its full-year outlook on Tuesday. However, the company noted in its earnings release that the guidance “does not currently include any potential impact related to future tariffs and trade policy changes, which we are unable to predict at this time.”

But on the earnings call on Tuesday, Pfizer executives said the guidance does reflect $150 million in costs from Trump’s existing tariffs.

“Included in our guidance that we didn’t really speak about is there are some tariffs in place today,” Pfizer CFO Dave Denton said on the call.

“We are contemplating that within our guidance range and we continue to again trend to the top end of our guidance range even with those costs to be incurred this year,” he said.

This post appeared first on NBC NEWS

Gangs have attacked another town in Haiti’s central region, killing at least four people, including an 11-year-old child, a human rights activist told The Associated Press on Monday.

At least 15 other people were injured by gunfire, and more than a dozen homes were burned in Petite Rivière, said Bertide Horace, spokesperson for the Commission for Dialogue, Reconciliation and Awareness to Save the Artibonite.

The attack began Thursday, but police were still battling gang members on Monday, she said in a phone interview.

Horace shared grisly videos that showed people receiving treatment for serious wounds at a local hospital.

Before she could provide further details, Horace warned that the town being attacked was without power. Her cellphone was then cut off.

A spokesperson for Haiti’s National Police did not immediately return a request for comment.

Petite Rivière is the latest community in the once peaceful Artibonite region that gangs have targeted.

In late March, gangs struck the city of Mirebalais and stormed a local prison, freeing more than 500 inmates. They also attacked the nearby town of Saut d’Eau, considered a sacred place that attracts thousands of Haitians annually for a Vodou-Catholic pilgrimage.

While gangs control at least 85% of Port-au-Prince, Haiti’s capital, they have launched attacks in the country’s central region in recent years.

On Monday, Chrisla, the powerful leader of the Ti Bois gang, announced a three-day strike in the Port-au-Prince neighborhood of Carrefour, which has been bereft of any government presence since gangs seized control of it in recent years.

He ordered public transportation and private businesses to close, saying only hospitals and firefighters were authorized to operate.

Chrisla also said he wanted a new Haiti “so that we can all sit at the same table to reconcile this nation.”

Haiti’s government leaders have repeatedly said they would not negotiate with gangs or include them in any discussions aimed at helping stabilize the troubled country.

A UN-backed mission led by Kenyan police that began last year to help Haitian police quell violence has struggled in its fight against gangs.

More than 5,600 people were killed across Haiti last year, with gang violence leaving more than one million people homeless.

This post appeared first on cnn.com

Canada’s Liberal Party, led by Prime Minister Mark Carney, is on course to win the country’s federal election, Canadian media projects, following a campaign overshadowed by provocations and tariffs from US President Donald Trump.

With votes still being counted, CBC News said it is too soon to say whether it will be a minority or majority government – a party needs 172 seats to form a majority.

Canada’s uneasy relationship with the United States deeply influenced the tenor of this year’s campaign. Trump’s tariffs against Canadian exports pose a grave threat to the country’s economy, and his threats to annex Canada as “the 51st state” have enraged Canadians of every political persuasion.

“I reject any attempts to weaken Canada, to wear us down, to break us so that America can own us,” Carney told reporters in late March. “We are masters in our own home.”

Though Canadians have a diverse array of parties to choose from on their federal ballots, the main contest is between the incumbent Liberals, led by Carney since March, and the Conservative opposition, led by longtime parliamentarian Pierre Poilievre.

Carney, a former banker, became prime minister in March after his predecessor Justin Trudeau resigned from office in the wake of dire polls that suggested a stunning loss to come in a federal election.

Trudeau announced his plan to resign in January while facing grim polling figures, a serious cost of living crisis and an internal revolt in his cabinet.

The numbers began to shift in the Liberals’ favor as Trudeau hit back against US tariffs during his last days in office. After winning the party leadership contest in a landslide, Carney continued to spearhead Canada’s opposition to Trump’s annexation threats and trade war.

Carney had never held political office before becoming prime minister. The former central banker touted his experience shepherding Canada’s economy through the 2008 financial crisis and Britain through Brexit, to appeal to Canadians seeking solace from the gloomy economic headwinds caused by the storm of tariffs announced by the White House.

The idea that Canada needs to forge its own path outside of US influence has been central to the prime minister’s messaging since he took office.

Carney pitched himself throughout the campaign as an experienced professional from the political center who can steward Canada’s economy through a period of profound turbulence.

“I understand how the world works,” Carney told podcaster Nate Erskine-Smith in October. “I know people who run some of the world’s largest companies and understand how they work. I know how financial institutions work. I know how markets work … I’m trying to apply that to the benefit of Canada.”

Carney has pledged to “build things in this country again” to make Canada less reliant on the US: new homes, new factories, and new sources of “clean and conventional energy.”

“My solemn promise is to stand up for Canadian workers, to stand up for Canadian businesses,” Carney said in March. “We will stand up for our history, our values and our sovereignty.”

This is a developing story and will be updated.

This post appeared first on cnn.com

The first batch of individuals jailed in the landmark Hong Kong national security trial of “47 democrats” accused of conspiracy to commit subversion was freed on Tuesday after being behind bars for more than four years.

Four former pro-democracy lawmakers, including Claudia Mo, Kwok Ka-ki, Jeremy Tam and Gary Fan were driven away from three separate prisons across Hong Kong around dawn. Security was tight with patrols of police officers, and access to some roads to the prisons restricted for hours beforehand.

A Reuters witness outside the maximum security Stanley Prison, where Kwok and Tam were held, was told by a police officer they had left.

Vehicles were also seen leaving the more remote Shek Pik Prison on Lantau Island and a women’s correctional institution at Lo Wu close to the border with mainland China.

Police blocked access to two roads leading to the entrance of Shek Kip Prison, so media could only stand on a bridge next to a reservoir overlooking the ocean-facing facility.

Fan, speaking to the press when he arrived at his home early on Tuesday, said: “I will go back home and reunite with family. Thank you Hong Kongers.”

Philip Bowring, Mo’s husband, said she was calm on her return home and needed time to rest, local media reported.

Since large and sustained pro-democracy protests erupted in Hong Kong for most of 2019, China has cracked down on the democratic opposition as well as liberal civil society and media outlets under sweeping national security laws.

The 47 pro-democracy campaigners were arrested and charged in early 2021 with conspiracy to commit subversion under a Beijing-imposed national law which carried sentences of up to life in prison.

Forty-five of these were convicted following a marathon trial, with sentences of up to 10 years. Only two were acquitted.

All four had been denied bail since being charged and were remanded in custody for nearly two years before the trial kicked off in early 2023. All four had pleaded guilty, and were sentenced to four years and two months imprisonment.

Mo, Kwok and Tam were former members of the Civic Party, once one of Hong Kong’s leading pro-democracy parties, which was disbanded in early 2024 amid the national security crackdown.

Mo resigned from the Civic Party in 2016 and founded the localist group HK First with Fan of the Neo Democrats.

The democrats were found guilty of organizing an unofficial “primary election” in 2020 to select candidates for a legislative election. Prosecutors accused the activists of plotting to paralyze the government by engaging in potentially disruptive acts had they been elected.

Western governments including the US called the trial politically motivated and had demanded the democrats be freed.

Hong Kong and Beijing, however, say all are equal under the national security laws and the democrats received a fair trial.

This post appeared first on cnn.com

A cardinal convicted of financial crimes by the Vatican said Tuesday he will not take part in the secret conclave to elect the new pope.

Cardinal Giovanni Angelo Becciu, once one of the most powerful figures in the Vatican, was ordered by Pope Francis in 2020 to resign the “rights and privileges” of a cardinal after he became embroiled in a Vatican financial scandal.

Following the pope’s death last week, Becciu launched an appeal in support of his right to be in the conclave, but on Tuesday, he issued a statement announcing he was formally pulling out. “I have decided to obey, as I have always done, Pope Francis’ will not to enter the Conclave while remaining convinced of my innocence,” he said.

Cardinals have chosen May 7 as the date to start conclave and elect a new leader for 1.4 billion Catholics around the world, the Vatican announced Monday.

Becciu’s decision to withdraw from the conclave comes just seven days after he told a Sardinian newspaper that “there was no explicit will to exclude me from the conclave nor a request for my explicit renunciation in writing.”

The Sardinian cardinal previously held the position of “sostituto” (“substitute”) in the Holy See’s Secretariat of State – a papal chief of staff equivalent. The role offered Becciu walk-in privileges to see the pope and he commanded huge authority across the church’s central government. He was later moved to a position running the Vatican’s saint-making department.

Becciu was convicted of embezzlement and fraud in 2023 and handed a five-and-a-half-year jail sentence. He is the first cardinal to be convicted by the Vatican’s criminal court.

But the cardinal, who has always maintained his innocence, launched an appeal that’s currently still under consideration. He’s allowed to continue to live in a Vatican apartment while this process is underway.

This post appeared first on cnn.com

The trial of a woman accused of murdering three elderly people after allegedly serving them a lunch of poisonous mushrooms began in Australia on Tuesday, as additional charges of the attempted murder of her husband were dropped by prosecutors.

Erin Patterson is charged with the 2023 murders of her mother-in-law Gail Patterson, father-in-law Donald Patterson and Gail’s sister Heather Wilkinson, along with the attempted murder of Ian Wilkinson, Heather’s husband, in a case that has gripped Australia.

All four became ill after the lunch hosted by the accused at her home in Leongatha, a town of around 6,000 people some 135 kilometers (84 miles) from Melbourne.

Prosecutors allege the mushrooms were served to the victims as part of a beef Wellington.

Fifteen jurors were selected on Tuesday at the Latrobe Valley Magistrates’ Court in nearby Morwell, with the opening arguments expected to begin on Wednesday morning.

Charges regarding the attempted murder of the accused’s husband, Simon Patterson, have been dropped by prosecutors, Justice Christopher Beale told the court on Tuesday.

“Those charges have been dropped and you must put them out of your mind,” he told the jury.

Erin Patterson has pleaded not guilty to all charges.

The case has generated huge interest both in Australia and internationally, with the six seats in the courtroom reserved for media allocated in a daily ballot. Dozens more are expected to watch proceedings in an overflow room set up at the court.

State broadcaster ABC is producing a daily podcast during the trial, which is expected to run for five to six weeks, while streaming service Stan has commissioned a documentary on what it says is “one of the highest profile criminal cases in recent history.”

This post appeared first on cnn.com

Real Estate and Healthcare Swapping Positions in Top 5

The top five sectors show remarkable stability, with Consumer Staples, Utilities, Financials, and Communication Services holding steady in the top four positions. The only change is Real Estate replacing Health Care, a shift that underscores the ongoing defensive tilt in the market. In the bottom half of the ranking, Materials and Consumer Discretionary swapped positions.

  1. (1) Consumer Staples – (XLP)
  2. (2) Utilities – (XLU)
  3. (3) Financials – (XLF)
  4. (4) Communication Services – (XLC)
  5. (6) Real-Estate – (XLRE)*
  6. (5) Healthcare – (XLV)*
  7. (7) Industrials – (XLI)
  8. (9) Materials – (XLB)*
  9. (8) Consumer Discretionary – (XLY)*
  10. (10) Energy – (XLE)
  11. (11) Technology – (XLK)

Weekly RRG

Looking at the weekly Relative Rotation Graph (RRG), we observe ongoing strength in Consumer Staples and Utilities. Both sectors are advancing further into the leading quadrant and continue to gain on the RS ratio axis.

Real Estate is also making a notable move deeper into the leading quadrant. Financials and Communication Services are positioned on the brink of the weakening quadrant. However, they are still sustaining elevated RS ratio levels, which keeps them securely in the top five — at least for now.

Daily RRG

  • Consumer Staples and Utilities: Both reside within the weakening quadrant, but at high RS ratio levels. This combination, along with their strength on the weekly RRG, keeps them well inside the top five.
  • Communication Services: Moved into the lagging quadrant but with a very short tail close to the benchmark. This positioning allows it to remain in the top five — for now.
  • Financials: Similar to Communication Services, close to the benchmark with a slightly longer tail but not showing significant loss of relative strength.
  • Real Estate: Made a significant move, pushing into the leading quadrant on the daily RRG, combining with its strong weekly tail to secure its spot in the top five.

Consumer Staples

The Consumer Staples sector remains range-bound on the weekly chart, causing relative strength to stabilize. With RRG lines at high levels, we might see some consolidation in the coming week — definitely something to keep an eye on.

Financials

Financials are picking up steam again, closing in the upper half of last week’s bar. This price strength is helping the relative strength line remain well within its rising channel. If the sector can maintain this momentum, it’s likely to stay among the top performers.

Utilities

Utilities are trading within their sideways channel, continuing to push relative strength against (or just above) resistance. This strength is keeping the RRG lines above 100. However, imho, we’ll need to see more relative strength in the coming weeks to keep Utilities at the top of the list.

Communication Services

Communication Services had a strong week, closing at the top of its range against former support, now acting as resistance. Based on the price chart, we might expect some resistance and difficulty for the sector to move higher this week. Despite this, the relative strength line remains within its rising channel, albeit losing some relative momentum at high RS ratio levels — not concerning at this time.

Real Estate

Real Estate — the new entrant in the top five — is benefiting from a strong bounce off the $36 low two weeks ago. It’s now starting to push relative strength higher, although not yet extremely strong. The RS momentum line is beginning to roll over while dragging the RS ratio higher.

For now, the combination of daily and weekly relative strength has been enough to displace Health Care and secure Real Estate’s spot in the top five.

Portfolio Performance

The defensive positioning of our portfolio has put a dent in performance relative to the broader market. We’re now trailing the S&P 500 by almost 3%. However, we’ve seen over the past few weeks that these differences can equalize rapidly when the market moves in the direction of the portfolio. So, I’m not too concerned at the moment — it’s all part of the ebb and flow of market dynamics.

#StayAlert and have a great week –Julius


Today, Carl and Erin made a big announcement! They are retiring at the end of June so today was the last free DecisionPoint Trading Room. It has been our pleasure educating you over the years and your participation in the trading room has been fantastic! Be sure and sign up to follow the DecisionPoint Blog on StockCharts.com where we do plan to publish articles periodically. (Subscribers: you will be notified via email as to how your subscription will be handled. Stay tuned.)

After the big announcement, Carl opened the show with the DP Signal Tables to give us a sense as to the market’s overall trend and condition.

Carl then went through his regular market overview that included Bitcoin, Bonds, Yields, Crude Oil, Gold, Gold Miners and the Dollar.

Once finished with the market overview, Carl walked us through the Magnificent Seven in the short and intermediate terms by looking at both the daily and weekly charts.

The pair took questions including a discussion on relative strength using the Silver Cross Index and Golden Cross Index.

Erin took the controls and went through the 26 indexes, sectors and industry groups that have under the hood indicators. She walked us through the CandleGlance and explained her findings along the way.

Questions popped up again with Carl discussing his strategy of using dividend paying stocks in retirement. He mentioned the Dividend Aristocrats and Dividend Kings lists as a great source to find good dividends. Also a shout out to The Bahnsen Group ETF (TBG).

Erin finished by looking at viewer symbol requests.

It has been a great run learning and teaching about technical analysis. Thank you again for your support over the years!

01:10 DP Signal Tables

03:48 Market Overview

16:18 Magnificent Seven

22:53 Questions (Relative Strength with Silver Cross and Golden Cross Indexes)

29:18 Sector Rotation and Market CandleGlance

34:57 Question regarding dividend paying stocks

39:51 Symbol Requests


Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2025 DecisionPoint.com


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing.

Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens proved he was the right person for the job.

“It was hard on him and it was hard on us,” Pelley said. “But he did it for us — and you.”

His on-air statement was an unusual peek behind the scenes at the sort of inner turmoil that viewers seldom get the opportunity to see.

Owens, only the third top executive in the 57-year history of television’s most influential newscast, resigned last week, saying he no longer felt he had the independence to run the program as he had in the past, and felt necessary.

CBS News’ parent company, Paramount Global, is in the midst of a merger with Skydance Media that needs the approval of the Trump administration. Trump has sued “60 Minutes” for $20 billion, saying it unfairly edited a Kamala Harris interview last fall to her advantage. Owens and others at “60 Minutes” believe they did nothing wrong and have opposed a settlement.

As a result, Pelley explained to viewers on Sunday, Paramount has begun to supervise “60 Minutes” stories in new ways. Former CBS News President Susan Zirinsky, a longtime news producer, has reportedly been asked to look at the show’s stories before they air.

“None of our stories has been blocked,” Pelley said. “But Bill felt he lost the independence that honest journalism requires. No one here is happy about it. But in resigning, Bill proved he was the right person to lead ‘60 Minutes’ all along.”

Despite this, “60 Minutes” has done tough stories about the Trump administration almost every week since the inauguration in January, many of them reported by Pelley. On Sunday, “60 Minutes” correspondent Sharyn Alfonsi had the latest, interviewing scientists about cutbacks at the National Institutes for Health.

Trump was particularly angered by the show’s telecast two weeks ago, saying on social media that CBS News should “pay a big price” for going after him.

This post appeared first on NBC NEWS

MADISON, Wis. — Early voting kicked off in this battleground state this week with computer delays and long lines.

Voters waited as long as three hours Tuesday to cast ballots in West Bend, a city of about 32,000, city clerk Jilline Dobratz said. State computer issues reared up again Wednesday, and by midafternoon, voters had to wait about 90 minutes to vote in the community 40 miles northwest of Milwaukee, she said. Residents were not used to anything like it.

This post appeared first on washingtonpost.com