📉 Big Tech, Big Banks, Big Pharma: Biggest losers of Trump’s tariff wars

The administration’s new cross-the-board duties have triggered a worldwide selloff, with stock prices suffering another big drop after markets opened Monday as the new reality set in.

Here are the major multinationals hit hardest over the past week.

Big Tech:
• Apple: 16.8% sliced from its market cap (at $300B+ in losses, the absolute biggest loser in dollar terms, with market cap shrinking to $2.7 trln).
• Alibaba: shaved a whopping 19.6% from its valuation, the worst performer in percentage terms (new market cap: $239B).
• TSMC: 12.3% drop, $663B market cap.
• Salesforce: 11% drop, $236B.
• Nvidia: 10.1%, $2.4 trln.

Big Banks:
• HSBC: 15.98% in valuation lost, $173.3B new cap.
• Goldman Sachs: 14.3% drop, $151B cap.
• Bank of America: 13.9%, $272.2B.
• Morgan Stanley: 13.2%, $164.1B.
• JPMorgan Chase: 13%, $602B new valuation.

Big Pharma:
• Thermo Fisher: down 12.5%, $165.6B cap.
• Eli Lilly & Co: 12.1% drop, $652B new cap.
• AstraZeneca: Down 11.1%, $216.6B.
• AbbVie: 9.76% in value wiped out, market cap of $329.4B.
• Novartis: 9.5% drop to $203.9B.

Energy:
• Shell: 15.4% drop, $193.8B cap.
• Chevron: 15.1%, $248.8B.
• Exxon Mobil: 12.5% in value gone, $445B cap.

Defense:
• GE: 15.7%, $179.1B valuation.
• RTX: 12.7% gone, $157.6B cap.

Other Big Losers:
• Disney: 15.3% drop, $150.7B.
• Tesla: 10.7%, $751B cap.
• Toyota: 9.7% lost, $202.8B.

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⛔️ US freezes new contracts and hiring for Cyber Command - reports

The move is part of DOGE's federal spending cuts, i Paper reports, citing sources.

The US Cyber Command helps to conduct offensive cyber operations, especially against Russia, the newspaper noted.

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📹 Pro-Palestine protesters shut down Grand Central Station

The protests came after Trump met with Netanyahu at the White House and called Gaza a "death trap".

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⚠️ Plane skids off runway in Oregon

A small private jet crashed in Coos Bay, sending 5 people to the hospital.

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🚀 NASA says no to Musk's red dreams?

NASA could not land humans on Mars in the next 5 years, acting administrator Janet Petro told European media.

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🏆DC commemorates Alexander Ovechkin's historic NHL scoring record

📍Union Station, Washington, DC

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🔊LIVE NOW: The launch of the Soyuz MS-27 spacecraft for docking with the ISS 🚀

On board: 🇷🇺Sergey Ryzhikov, 🇷🇺Alexey Zubritskiy, 🇺🇸Jonathan Kim

👉 Watch live in our Telegram

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📹🚀The launch of the Soyuz MS-27 spacecraft was dedicated to the 80th anniversary of the Victory in the Great Patriotic War.

The Crew is scheduled to spend 245 days orbiting the ISS.

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💬 Dems 'completely captivated by far-left LUNATICS' - Press Sec. Leavitt

"[Protesters] don’t stand for anything - just hate Trump and the 80 million Americans who voted for him." 🤡

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💳The upcoming US DEPARTMENT OF DEFENSE BUDGET WILL for the first time TOTAL $1 TRILLION, Pentagon Chief Pete Hegseth stated.

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🩸Asian billionaire BLOODBATH: Trump’s tariffs wipe out $46B

With markets getting hammered, Lei Jun, chairman of smartphone-maker, Xiaomi Corp., lost the most in a single day after Donald Trump doubled down on his new import tariffs.

The billionaire bled $7.8B, or 20% of his fortune as Asian markets nosedived on Monday, according to Bloomberg.

🔍Other prominent Asian tycoons also took heavy blows:

🟠Tencent Holdings’ co-founder Pony Ma shed $6.8 billion
🟠India’s industrial magnate, Gautam Adani, saw his fortune slide by $4.2 billion
🟠Hong Kong’s battery king, Robin Zeng, lost $4.1 billion

Overall, Asia’s top 20 moguls saw $46B go up in smoke as markets tanked.

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💬 Iranian Foreign Minister Abbas Araghchi has confirmed that upcoming talks with US presidential envoy Steve Witkoff are scheduled to take place in Oman on Saturday, April 12.

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🔸 Asian billionaire BLOODBATH: Trump’s tariffs wipe out $46B

🔸 US-Iran talks: What is known so far?

🔸 Big Tech, Big Banks, Big Pharma: Biggest losers of Trump’s tariff wars

🔸 VIDEO: Gaza should be a 'safe field' – Trump

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💬 FCC chief reveals agency spent MILLIONS OF DOLLARS pushing DEI

DEI was listed as the SECOND highest strategic priority for the Federal Communications Commission, said FCC Chairman Brendan Carr.

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🔍GAMING THE SYSTEM? Companies hatching plans to DODGE Trump’s tariff tornado

As turbulence sets in from Trump’s new and much-talked-about economic policy, companies are now resorting to various customs tricks, according to a report by the Financial Times.

Two notable hacks are gaining traction:

1️⃣Tweaking supplier contracts to declare prices before the addition of middlemen's markups, thereby reducing the dutiable value.

2️⃣Splitting payments into non-taxable services, such as advertising, which can lower costs by 20% or more.

However, given that these tactics clash with long-standing tax strategies, global corporations must tread lightly, navigating a fine line between evading tariffs and venturing into risky territory.

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🚫DOGE axes $51M in African grants

In its latest move, the US Department of Government Efficiency (DOGE) has nixed handouts to the US African Development Foundation as part of its endeavors to streamline operations.

Programs put on the chopping block include:

🟠$229,000 for marketing organic shea butter in Burkina Faso
🟠$239,000 for marketing pineapple juice in Benin
🟠$246,000 for infrastructure to support mango drying in Ivory Coast
🟠$99,000 to enhance yogurt production in Uganda
🟠$48,000 for a WhatsApp marketing chatbot in Kenya
🟠$84,000 for a business incubator aimed at spa and wellness entrepreneurs in Nigeria
🟠$50,000 for training in dragon fruit cultivation in Senegal

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