{"id":1958,"date":"2025-09-27T16:42:32","date_gmt":"2025-09-27T16:42:32","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2025\/09\/27\/weekly-wrap-tiktok-deal-pharma-tariffs-crypto-crash-and-trumps-un-remarks\/"},"modified":"2025-09-27T16:42:32","modified_gmt":"2025-09-27T16:42:32","slug":"weekly-wrap-tiktok-deal-pharma-tariffs-crypto-crash-and-trumps-un-remarks","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2025\/09\/27\/weekly-wrap-tiktok-deal-pharma-tariffs-crypto-crash-and-trumps-un-remarks\/","title":{"rendered":"Weekly wrap: TikTok deal, pharma tariffs, crypto crash and Trump\u2019s UN remarks"},"content":{"rendered":"
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This week was marked by sweeping moves from the White House, sharp turbulence in cryptocurrency markets, and a controversial shift in US health policy. <\/p>\n

Here\u2019s a breakdown of the key events that transpired in the week.<\/p>\n

Trump signs executive order on TikTok deal<\/h2>\n

President Donald Trump signed an executive order approving a restructuring of TikTok\u2019s US operations<\/a>, valuing the business at around $14 billion. <\/p>\n

The deal satisfies national security requirements forcing ByteDance to divest its American unit or face a ban.<\/p>\n

Under the agreement, Oracle, Silver Lake, and Abu Dhabi\u2019s MGX fund will control about 45% of the new entity, while ByteDance retains under 20%. <\/p>\n

Existing investors and new holders will account for another 35%. Oracle will manage security operations and continue cloud services.<\/p>\n

Notably, no ByteDance representatives were present at the signing, and China has yet to formally approve the deal. <\/p>\n

Analysts have previously estimated TikTok\u2019s US arm could be worth $30\u201335 billion, highlighting a wide gap in valuations.<\/p>\n

US tariffs on pharmaceuticals, furniture, and trucks<\/h2>\n

In a separate announcement, Trump unveiled sweeping tariffs effective October 1, 2025. <\/p>\n

The most disruptive measure is a 100% tariff on branded and patented pharmaceutical imports<\/a>, a move aimed at forcing drugmakers to build plants in the US.<\/p>\n

The announcement triggered immediate selloffs in Asian and European pharma stocks, with India\u2014responsible for about 40% of US pharma imports\u2014seen as most exposed. <\/p>\n

Analysts warn of potential supply chain disruptions and higher US drug costs.<\/p>\n

Other industries were also targeted: 50% tariffs on kitchen cabinets and vanities, 30% on upholstered furniture, and 25% on heavy-duty trucks<\/a>. <\/p>\n

While intended to boost domestic manufacturing, the tariffs may raise consumer prices and pressure import-dependent sectors.<\/p>\n

Trump\u2019s Tylenol remarks<\/h2>\n

On Monday, Trump linked autism to childhood vaccines and the use of Tylenol during pregnancy\u2014claims rejected by leading medical bodies. <\/p>\n

The president, acknowledging he is not a doctor, advised pregnant women not to take Tylenol and parents to delay vaccinations.<\/p>\n

The remarks immediately hit financial markets: shares of Kenvue, Johnson & Johnson\u2019s consumer-health spinoff, fell 7.1%<\/a> to a record low. <\/p>\n

Medical societies continue to cite data showing acetaminophen is safe during pregnancy, underscoring the gap between administration rhetoric and scientific consensus.<\/p>\n

Cryptocurrency market sees $1.5B liquidation<\/h2>\n

Crypto markets endured a severe downturn on Monday, with more than $1.5 billion in long positions liquidated<\/a> in just 24 hours. <\/p>\n

Ethereum plunged nearly 9% to $4,075 after close to half a billion dollars in leveraged bets were unwound. <\/p>\n

Bitcoin dropped 3% to around $111,998, while altcoins like Solana and XRP saw steeper losses.<\/p>\n

The mass liquidation dragged total crypto market capitalization below $4 trillion, erasing weeks of gains. <\/p>\n

Analysts cited high leverage, regulatory scrutiny of ETFs and stablecoins, and global macro uncertainty as key drivers of the selloff.<\/p>\n

On Saturday, the total crypto market capitalization was at $3.77 trillion. <\/p>\n

Major cryptocurrencies also continued to weaken with Bitcoin trading at $109,294, down by over 5% in the last 7 days and Ethereum at $4011.8, trading in red by more than 10% from the previous week. <\/p>\n

Trump attacks the UN in General Assembly speech<\/h2>\n

In his address to the United Nations, Trump accused the body of failing to support US foreign policy and wasting resources on migration<\/a>. <\/p>\n

He criticized the UN as offering \u201cnothing but empty words\u201d and claimed it was financing illegal migration rather than curbing it.<\/p>\n

The president also stressed domestic achievements, citing lower inflation and wage growth, while framing his protectionist trade stance as essential to safeguarding US industry.<\/p>\n<\/p>\n

The post Weekly wrap: TikTok deal, pharma tariffs, crypto crash and Trump\u2019s UN remarks<\/a> appeared first on Invezz<\/a><\/p>\n

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This week was marked by sweeping moves from the White House, sharp turbulence in cryptocurrency markets, and a controversial shift in US health policy. Here\u2019s a breakdown of the key events that transpired in the week.Trump signs executive order on TikTok dealPresident Donald Trump signed an executive order approving a restructuring of TikTok\u2019s US operations,…<\/p>\n","protected":false},"author":1,"featured_media":1959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=1958"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/1959"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=1958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=1958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=1958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}