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BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management.
I’m Chris Anstey, a senior editor in Boston. Today we’re looking at Washington’s new reciprocal tariffs. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The drug industry won a reprieve from sweeping tariffs announced by President Donald Trump on Wednesday, though it could be short-lived as the White House moves forward with plans for future levies on pharmaceutical imports.