Trump Threatens 50% Copper, 200% Pharma Tariffs | Open Interest 7/09/2025

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Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Copper prices surge after President Trump announced 50% tariffs, however the market is still awaiting details on what exactly will be tariffed. Merck agrees to buy Verona Pharma for about $10B as the patent for its bestselling cancer drug will soon expire. Linda Yaccarino announced that she is stepping down from the CEO role at X after two years at the helm. Genco CEO Wobensmith joins Open Interest to discuss the impact of tariffs on global imports.

Chapters:
00:00:00 - Open Interest Starts
00:04:11 - Trump Tariff Causes Metal Mayhem
00:10:16 - HIGH INTEREST
00:24:33 - US Equities Rise on Tariff Delays | Seema Shah, Principal Asset Management Chief Global Strategist
00:32:44 - TOP CALLS
00:39:59 - Boeing Delivers Most Jets in 18 Months | Savanthi Syth, Raymond James Airlines Managing Director
00:47:09 - Price Target Increase on the S&P 500 | David Kostin, Goldman Sachs Chief US Equity Strategist
00:49:07 - Miran: See Uncertainty from Tariffs Starting to Reduce | Stephen Miran, White House CEA Chair
01:08:55 - Impact of Tariffs on the Shipping Industry | John Wobensmith, Genco CEO
01:20:50 - Goldman Asks Junior Bankers to Confirm Loyalty
01:24:37 - Yaccarino: Decided to Step Down as CEO of X
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  Trump Threatens 50% Copper, 200% Pharma Tariffs | Open Interest 7/09/2025 - RusLar.Me