Connect with us

Business

‘I can do anything I want’: Trump warns of ‘even stronger methods’ after SC tariff blow – The Times of India

Published

on

‘I can do anything I want’: Trump warns of ‘even stronger methods’ after SC tariff blow – The Times of India


“I can do anything I want,” Donald Trump declared in his address as his first reaction to the Supreme Court’s landmark ruling on Friday, a major setback to his second stint in the presidency.“There are methods that are even stronger available to me,” he said in his White House address.Trump also said he was “absolutely ashamed” of the US Supreme Court justices who issued the “deeply disappointing” tariff decision.“The Supreme Court’s ruling is absolutely disappointing, and I am ashamed of certain members of the court for not having the courage to do what is right for our country,” he said.Frustrated and agitated by the Supreme Court ruling, Trump threatened to impose a 10 per cent global tariff. He added, “Today, I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being charged, and we’re also initiating several Section 301 and other investigations to protect our country from unfair trading practices.”The US top court on Friday struck down President Trump’s sweeping global tariffs, which were central to his second-term presidency and trade policies, handing him a major defeat.In a 6–3 ruling, the apex court examined tariffs imposed under an emergency powers law, including the broad “reciprocal” duties he placed on nearly all countries. The justices held that Trump’s use of emergency authority to impose import tariffs without congressional approval was unlawful.



Source link

Business

Greggs launches chicken version of sausage and vegan rolls in ‘iconic trilogy’

Published

on

Greggs launches chicken version of sausage and vegan rolls in ‘iconic trilogy’



Greggs is launching a chicken version of its customer favourite sausage and vegan rolls in a permanent addition to its menu.

The Chicken Roll – described by the high street baker as “seasoned chicken wrapped in layers of crisp, golden, glazed puff pastry” contains 305 calories and will cost £1.35 when it goes on sale on Thursday.

It follows the Sausage Roll and the pork free Vegan Roll.

To celebrate the final launch of the “trilogy”, Greggs is allowing customers the chance to be among the first to taste the new roll with a 20-minute slot between 3.30pm and 9pm on Wednesday (April 8) at a pop-up location at 15 Bateman Street, in London’s Soho.

Places will be given on a first-come first-served basis but, in a nod to the trilogy theme, guests must arrive as part of a trio of friends or family.

Visitors will be able to pair their three complimentary rolls with a free chicken-themed cocktail or mocktail.

A Greggs spokeswoman said: “They say the best things come in threes, and our iconic roll trilogy is no exception.

“We can’t wait for our customers to experience the Chicken Roll as the ultimate headline act of our flaky franchise.”

Over the past year, Greggs has come under pressure from cautious shoppers affected by the rising cost of living, higher tax and labour costs, and the growing use of weight-loss treatments.

Last month, the Newcastle-based firm reported that statutory pre-tax profits fell by 17.9% to £167.4 million for the year to December 27, compared with a year earlier.

It also told shareholders that total sales grew by 6.8% to £2.15 billion over the year, with like-for-like growth buoyed by its continued store opening programme.

Greggs said it had 121 net store openings in 2025, expanding its shop estate to 2,739 locations by the end of the year.

It is targeting around 120 further openings this year as it highlighted ambitions to grow to “significantly more than 3,000 UK shops over longer term”.



Source link

Continue Reading

Business

Wellness brand announces new product range for those on weight-loss jabs

Published

on

Wellness brand announces new product range for those on weight-loss jabs


Applied Nutrition is significantly expanding its product range to cater to customers using weight loss drugs, following a substantial increase in demand over the past year.

The health and wellness brand said it has identified a key business opportunity stemming from the sharp rise in Britons using GLP-1 treatments, such as Mounjaro and Wegovy.

The London-listed company, which already offers GLP-1-friendly high-protein ready meals launched in late 2025, confirmed that new products specifically designed for this market will be introduced later this year.

“The GLP-1 user is a growing customer. We see this as a consumer at the start of their weight loss journey who is now looking at how the medication can help them,” Thomas Ryder, founder and chief executive of the Liverpool-based firm, said.

“There is an opportunity, as those customers often need supplements and need smaller portions. I think this is a catalyst for the health and wellness space if we have that consumer in mind.

“We do have a number of products we will bring to market in this area because we do see that area growing.”

A growing number of people are now using weight-loss medication (PA)

At least 1.6 million Britons have used weight loss jabs in the past year, according to research by University College London.

Applied Nutrition has reported strong growth, driven by targeting new customer opportunities and diversifying its sales channels, including expansion into UK retail stores.

In March, the company announced robust financial results, with pre-tax profits soaring by 77.1% to £20.9 million for the six months ending 31 January, compared to the previous year.

Sales also saw a significant uplift, rising by 56.5 per cent to £74.5 million over the same half-year period.

However, the firm cautioned that sales volumes in the Middle East are expected to be affected by the ongoing conflict in the region.

Applied Nutrition said it still expects to meet revenue targets for the year of around £140 million.

The company added: “Importantly, we have managed similar disruption in the past, supported by the agility of our operations.

“In this instance, we are working closely with customers to adapt our routes into the region and logistics arrangements to safeguard continued supply to those customers.”



Source link

Continue Reading

Business

Trump administration finalizes better-than-feared Medicare Advantage payment rate in boost to health insurers

Published

on

Trump administration finalizes better-than-feared Medicare Advantage payment rate in boost to health insurers


Administrator for the Centers for Medicare & Medicaid Services Mehmet Oz speaks during an event sponsored by the Action for Progress Coalition, at the National Press Club in Washington, D.C., U.S., Feb. 2, 2026.

Al Drago | Reuters

The Trump administration on Monday finalized a 2027 payment rate increase to privately run Medicare plans that was far bigger than initially proposed, a boost to health insurer stocks.

The government will increase average Medicare Advantage payments by 2.48%, or more than $13 billion, in 2027, according to a release from the Centers for Medicare & Medicaid Services. The Trump administration in January proposed a payment rate hike of 0.09%, which pummeled shares of insurers that run those plans.

Shares of UnitedHealth and CVS Health rose more than 9% in after-hours trading on Monday. Meanwhile, Humana‘s stock jumped around 12%.

“Medicare Advantage and Part D should work for the people who rely on them,” said CMS Administrator Dr. Mehmet Oz in a release. “These updates keep coverage affordable and ensure patients get real value from their plans.” 

The closely watched government payment rate determines how much insurers can charge for monthly premiums and plan benefits they offer and, ultimately, their profits.

Medicare Advantage is a privately run health insurance plan contracted by Medicare. More than half of Medicare beneficiaries are enrolled in such plans, enticed by lower monthly premiums and extra benefits not covered by traditional Medicare, according to health policy research firm KFF.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Continue Reading

Trending