GE Healthcare Expands Contract with BARDA to $35M
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.CHINA-U.S. CAR PARTNERSHIPS:FordCEO Jim Farley spoke with senior White House officials about a potential roadmap for Chinese car makers to manufacture vehicles in the U.S. by partnering with American car companies, Bloomberg's David Welch, Keith Naughton, and Jenny Leonard, citing people familiar with the discussions. The rough framework that was talked about between Farley and Trump administration cabinet members last month would let Chinese automakers build vehicles in the U.S. through joint ventures with domestic automakers in which the U.S. firm holds a controlling interest, the authors say. Other publicly traded companies in the space include BYD, Geely, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.METAL TARIFF:White House officials said there will not be any alterations to President Donald Trump's sweeping tariffs on steel and aluminum and thousands of other products made from such metals unless the president himself announces any changes, Reuters' David Lawder. A Trump administration official, in response to reporting that said the U.S. was planning to scale back tariffs on some steel and aluminum goods with certain exemptions, said that Trump "will never compromise on reinvigorating the domestic manufacturing that is critical to our national and economic security, especially steel and aluminum production," the author says. The official added that the White House was implementing "a nimble and nuanced tariff agenda" to increase U.S. output in the steel, aluminum and other manufacturing industries, the author notes. Publicly traded companies in the steel space include ArcelorMittal, Cleveland-Cliffs, Nucor, Steel Dynamicsand U.S. Steel. Publicly traded companies in the aluminum space include Alcoa, Kaiser Aluminum, and Century Aluminum.BARDA CONTRACT:GE HealthCareannounced a new approximately $35M expansion to a previous contract with the Biomedical Advanced Research and Development Authority, or BARDA, part of the Administration for Strategic Preparedness and Response, or ASPR, within the U.S. Department of Health and Human Services, or HHS. The expansion is structured as a cost-share between BARDA and GE HealthCare, with BARDA providing the majority of funding. This jointly funded expanded agreement builds on the existing program announced in October 2023 and reflects continued momentum to develop artificial intelligence-powered ultrasound solutions and new platforms to support trauma assessment and preparedness for mass casualty incidents.
