Workflow
Corporate Shifts and Economic Indicators: Amgen’s Tariff Response, Starbucks’ Restructuring, China’s Profit Rebound, and JPMorgan’s Alibaba Bet
Stock Market News·2025-09-27 12:38

Key TakeawaysAmgen (AMGN) announced a $650 million expansion of its U.S. manufacturing network in Puerto Rico, a strategic response to President Trump's impending 100% tariff on pharmaceutical products not manufactured domestically, creating approximately 750 jobs.Starbucks (SBUX) is set to close 434 North American stores by the end of September, reducing its footprint from 18,734 to 18,300 locations, and laying off 900 non-retail employees as part of a broader turnaround strategy.China's industrial profits ...