Could Trump's Drug Tariff Threaten US Low-Cost Medicine Supply? | The Pulse 7/22/2026

Generic drug manufacturers must move production to the US or face a 100% import duty from August 2028, President Donald Trump said, threatening the supply of low-cost medicines that millions of Americans rely on. In the Middle East, the White House plays down the prospect of immediate peace talks with Iran, as Houthi militants in Yemen continue to threaten shipping in the Red Sea. And OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face in an “unprecedented” incident that prompted fresh calls for curbs on the technology. Today's guests: Johanna Kyrklund, Schroders, CIO; Chris Hayward, City of London Corporation, Policy Chairman; Michael Haigh, SocGen CIB, FIC & Commodities Research Head. -- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse with Francine Lacqua 00:00:50 - US big tech earnings kick off today 00:02:04 - OpenAI says its models accidentally hacked Hugging Face 00:04:16 - Johanna Kyrklund, Schroders CIO 00:15:02 - Trump's tariffs target generic drug manufacturers 00:18:01 - Equinor earnings beat estimates 00:19:27 - Santander 2Q net income beats estimates 00:23:40 - Wednesday headlines+ 00:24:20 - Rubio: Iran not serious about talks 00:28:21 - Michael Haigh, SocGen, Head of FIC & Commodities Research 00:36:21 - Zelenskyy ousts army chief after nationwide protests 00:40:42 - UK inflation eased more than expected in June 00:42:51 - Chris Hayward, City of London, Policy Chairman -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts