Johnson & Johnson Shares Surge on Strong Q2 Sales

Markets climb as J&J beats expectations; global trade and policy risks persist.

TL;DR:

• 💊 Johnson & Johnson surges on Q2 results
• 🌍 Global markets cautious on tariffs
• 🏛️ Trump denies firing Fed Chair Powell
• ⛏️ Rio Tinto names Simon Trott CEO

Johnson & Johnson Surges on Q2 Results

Johnson & Johnson shares jumped over 7% after the company posted robust Q2 sales and raised its full-year guidance. Management cited strong pharmaceutical demand and a milder-than-expected impact from tariffs, driving broad healthcare sector gains. Source

Global Markets Cautious on Tariffs

Global equity markets traded defensively as renewed U.S. tariff pressures raised concerns about economic growth. Investors rotated into defensive sectors and U.S. Treasuries, with volatility remaining elevated. Source

Trump Denies Firing Fed Chair Powell

President Trump publicly denied rumors of any plans to dismiss Federal Reserve Chair Jerome Powell, calming markets after a period of heightened policy uncertainty. The U.S. dollar pared earlier losses as traders reassessed Fed independence risk. Source

Rio Tinto Names Simon Trott CEO

Mining giant Rio Tinto appointed Simon Trott as its new CEO, tasking him with aggressive cost-cutting amid commodity price headwinds. Market analysts see a challenging path ahead for Trott as he navigates industry pressures. Source