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UBS Warns Trump's 100% Generic Drug Tariff Puts Indian Pharma "On Notice"; Goldman Flags Reshoring Winners

UBS Warns Trump's 100% Generic Drug Tariff Puts Indian Pharma "On Notice"; Goldman Flags Reshoring Winners

President Trump will impose a 100% tariff on imported generic drugs starting in August 2028, rising to 200% a year later, unless manufacturers shift production to the US.

"This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them," Trump wrote on Truth Social late Tuesday.

He continued, "The objective of this Policy is to protect the people of the United States. The Policy on Patented, Branded, or Innovative Drugs, which has been so successful, will remain as is," adding, "Pharmaceutical Facilities are being built, at a level never seen before, all over the United States of America."

Trump's announcement is the latest effort to reshore critical supply chains, and in this case, boost domestic production of generic drugs. Trump has been pressuring drugmakers through his most-favored-nation drug pricing policy to lower prices to what people pay in ‌other high-income countries. At least 90% of medicines sold in the U.S. are generics.

UBS analyst Aditi Samajpati told clients earlier that Trump's move to reshore generic drug production puts Indian pharmaceutical companies "on notice."

Samajpati said:

President Donald Trump has threatened steep tariffs on generic-drug imports to push manufacturing back to the US, though his plan includes a two-year tariff-free window before levies rise to 100% from August 2028 and 200% from August 2029. India is highly exposed: its generic medicines account for nearly 40% of US generic-drug volume, used widely to treat hypertension, diabetes, cancer, and infectious diseases.

In FY2024-25, India's pharma exports to the US totalled $9.7bn, according to the Global Trade Research Initiative. Yet implementation is uncertain given prior unfulfilled tariff threats, a February bilateral trade pact that included negotiated outcomes for generics, and India's 30%-50% manufacturing-cost advantage. The risk of immediate disruption is limited as investors assess whether policy pressure can realistically shift low-cost supply chains back to the US, especially if execution stretches beyond Trump's term.

Goldman analyst Matt Dellatorre offered clients a way to profit from this announcement:

For our generics coverage, we view the group as relatively well-positioned given: AMRX (significant US infrastructure), TEVA (diversified manufacturing; branded portfolio), and VTRS (diversified manufacturing; limited US exposure).

The national security case for reshoring critical generic-drug supply chains stems directly from Covid-era disruptions of essential medicines, active pharmaceutical ingredients, protective equipment, and medical devices. Years of offshoring have left the US dangerously dependent on foreign production, such as that in India.

In the event of a future supply shock, particularly one triggered by conflict in the Pacific, Washington could be confronted with shortages far more severe than the Covid-era. Rebuilding domestic production would give the US greater resilience to absorb any future supply shock without jeopardizing access to critical medical supplies.

Tyler Durden Wed, 07/22/2026 - 09:45

Chilling New Clues Challenge Suicide Claim In Los Alamos Lab Worker's Death

Chilling New Clues Challenge Suicide Claim In Los Alamos Lab Worker's Death

Authored by Steve Watson via Modernity News,

Fresh evidence recovered from the remote New Mexico forest where Los Alamos National Laboratory administrative assistant Melissa Casias was found has blown major holes in the suicide narrative.

An independent team hired by her own family discovered bones, torn and bloody clothing, orange peels, strands of what appears to be horse hair, shredded paper that may contain her handwriting, and a tobacco pouch - none of which New Mexico State Police recovered after clearing the scene.

Casias, 53, vanished from her Ranchos de Taos home on June 26, 2025. She left without her purse, keys or wallet. Surveillance captured her walking alone eastward on State Road 518 around 2:20 p.m.

Both her work and personal phones were found at the house, factory-reset and wiped of all data. A blood drop was also discovered inside the residence. Nearly eleven months later, on May 28, 2026, a hiker located her skeletal remains in the McGaffey Ridge area of Carson National Forest next to a handgun her family says did not belong to her.

Initial CT scans showed no gunshot wound and no projectile in the skull. No casing was recovered at the scene. The remote location is difficult to reach on foot, requiring multiple rest stops and water.

Now, new details have raised further serious questions.

Family attorney David Adams of Parnall and Adams Law said an independent search conducted in late June - after police had already cleared the area - turned up the additional items. "The family really wasn't expecting to find any additional information... it certainly turned out to be something much, much more," Adams stated.

He noted the presence of possible horse hair and the rugged terrain: "In my mind, when you see that, you kind of go, okay, well, I could see that you would need a horse to get her up there if you were moving a body, for instance, because how you would otherwise do that."

Adams also questioned the tobacco pouch, pointing out Casias did not use tobacco, and raised chain-of-custody concerns: "There becomes a question of a chain of custody... Could law enforcement have spat a tobacco pouch in the crime scene? I mean, certainly possible. I mean, that would be an example of just poor training."

The family has rejected claims that Casias intended to disappear or end her life. Earlier reporting revealed she left home with her toothbrush and thyroid medication - items one investigator described as "things that might indicate you're planning to stay alive."

Adams said the family hired his firm after spotting multiple red flags. The new evidence has been turned over to authorities.

The official cause of death remains pending from the Office of the Medical Investigator nearly two months after the remains were identified. The FBI, ordered to examine possible links to other cases, has had no contact with the family according to Adams.

Former FBI agent Ben Hansen assessed the Casias case as roughly "80 percent foul play" and floated the possibility of directed-energy weapons or voice-to-skull technology that could influence behavior without leaving conventional ballistics.

Casias is one of several New Mexico individuals connected to nuclear facilities who disappeared under similar circumstances.

Her case sits inside a larger cluster that first drew national attention when retired Air Force Maj. Gen. William Neil McCasland - widely described as a UFO "gatekeeper" with oversight of top-secret space weapons and advanced aerospace programs - vanished from his Albuquerque home on February 27, 2026, just days after President Trump ordered full disclosure of all UFO and UAP records.

Subsequent cases included a NASA nuclear propulsion expert found charred inside a crashed Tesla.

A NASA-linked aerospace engineer and his family killed in a plane crash.

The death of anti-gravity researcher Amy Eskridge (who had reported directed-energy harassment).

The disappearance of JPL rocket scientist Monica Reza.

And additional personnel tied to nuclear components, rocket alloys and classified aerospace work, including the vanishing of Steven Garcia, a nuclear contractor with top clearance.

By mid-April 2026 the documented total had reached at least eleven. Former FBI Assistant Director Chris Swecker previously noted that administrative staff in high-clearance labs "would basically be in the know on what's going on" and that it "wouldn't be the first time their administrative assistant has been targeted."

Two major sets of previously classified UFO/UAP disclosure files have since been released under the Trump administration. President Trump has publicly addressed the string of cases, stating there is "not much of a connection" and describing many as individual matters while pledging a full report.

The latest reporting on the missed evidence at the Casias scene only deepens the questions surrounding both her death and the wider pattern. Officials continue to treat each incident in isolation. Families and independent investigators keep finding anomalies that do not fit the tidy explanations being offered.

America's nuclear and advanced-technology workforce is not disposable. When personnel with access to the most sensitive programs keep vanishing or turning up dead under irregular circumstances - especially amid long-overdue transparency on related technologies - the public has every right to demand answers that match the seriousness of the losses.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Wed, 07/22/2026 - 08:45

Trump Greenlights Saudi Nuclear Deal, Uranium Enrichment In The Kingdom Possible

Trump Greenlights Saudi Nuclear Deal, Uranium Enrichment In The Kingdom Possible

President Trump has formally approved a landmark 30-year civil nuclear cooperation agreement with Saudi Arabia that could be worth tens of billions of dollars and put American companies at the center of the kingdom's nuclear buildout, according to the Wall Street Journal.

The accord is expected to be signed Wednesday by US Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman, then head to Congress for a 90-day review. Lawmakers could block it through a joint resolution, but overriding a Trump veto would require two-thirds majorities in both chambers.

There is plenty to like here. A Section 123 agreement creates a legal framework for peaceful use, safeguards, and nonproliferation. American involvement also gives Washington more influence over Riyadh's program than it would have if Saudi Arabia turned to China or Russia.

The agreement is the latest step in a rapidly deepening relationship. The administration previously delinked Saudi nuclear talks from normalization with Israel, while Trump later designated the kingdom a major non-NATO ally after Mohammed bin Salman's return to the White House.

Yet one provision is difficult to support: “A key provision of the new accord would have American companies build an uranium enrichment facility in Saudi Arabia if a joint U.S.-Saudi study determines such a step would be warranted.”

The 123 accord is not a turnkey export license, and any technology transfer would still require separate federal approval, but the policy direction is clear.

The strongest argument for this arrangement is that US technology and oversight would keep Washington inside the tent and make diversion harder. That is a legitimate advantage, but it doesn’t eliminate the underlying risk.

Uranium enrichment is inherently dual-use. Centrifuges producing reactor fuel enriched to 3 to 5% can be reconfigured toward weapons-grade material above 90%. Safeguards can monitor declared activity, but technology, infrastructure, and trained personnel endure long after a government or regional balance changes. 

Mohammed bin Salman has also said Saudi Arabia would pursue a bomb if Iran obtained one. The UAE, another close Gulf partner, accepted the so-called gold standard by renouncing enrichment and reprocessing.

The better model is simple: export the product, not the technology.

As we recently argued, Washington should overbuild uranium conversion and enrichment capacity inside the United States, then supply allies with safeguarded fuel under long-term contracts. Saudi Arabia would receive reliable reactor fuel, American workers would capture the investment, US suppliers would gain durable export revenue, and sensitive technology would remain under US jurisdiction.

No contractors have been announced. Centrus looks like the leading technology candidate given its operating US-origin centrifuge cascade and deep Department of Energy ties, with General Matter the emerging alternative. 

Bechtel has the Saudi and nuclear pedigree to participate, but Centrus' existing EPC partnership with Fluor gives Fluor the stronger documented construction claim.

The agreement is strategically sound if it anchors Riyadh to American reactors, fuel, standards, and safeguards. But building Saudi enrichment capability trades away too much leverage in pursuit of that goal. Washington should sell the kingdom decades of American-made fuel, not the machinery that can ultimately make far more than fuel.

Tyler Durden Wed, 07/22/2026 - 06:55

The UK Censors The Net 'For The Children'

The UK Censors The Net 'For The Children'

Authored by Ted Newson via AmericanThinker.com,

Outgoing British prime ministers have a tendency to rapidly expand the remit of the state in their final days.

Theresa May tied a Net Zero target into law, Rishi Sunak implemented a generational smoking ban.

Keir Starmer is no exception.

The British state has now outlawed social media usage for those under sixteen.

On June 15, Starmer stood at Downing Street to announce that Britain would ban under-16s from social media, after intense pressure from campaigners. Possibly his last meaningful political action before resigning on June 22. Additionally, the now-departed PM has left the door open to curfews for 16 and 17-year-olds. The country that gave the world the liberal philosophy America's Founders drew on is now imposing digital ID and information bans.

The justification is public safety. A framing that has a habit of expanding well beyond its original scope. Banning under-16s from social media is framed as "giving children back their childhoods"; in reality, it has a much darker undertone.

Not all social media is created equal. Depending on how they’re put to use, these platforms can serve as invaluable educational resources. Excessive social media use, as a substitute for going outside, is the real issue that studies show.

As state education systems become increasingly politicized, social media can give curious minds access to alternative perspectives that will help them make sense of the world for themselves. While recently social media algorithms have pushed people into more radical politics, the solution is to change the algorithm, not the user.

My teen years were shaped by non-mainstream thinkers from across the political spectrum. At that time, the UK had a centrist government and a narrow Overton window. In the classroom, there were ‘politically correct’ and ‘politically incorrect’ opinions. To explore views the British commentariat either ignored or scorned, I looked to YouTube. The Oxford and Cambridge debates I found there at fifteen took every viewpoint as worthy of criticism, debate, and rebuttal.

As someone who now works in politics, having the ability to watch ‘adult’ debates from a young age expanded my mind and helped me in learning some key skills for the future. This kind of intellectual curiosity is exactly what under-16s should be showing. A blanket ban on usage will only stunt the growth of the next generation.

The philosopher John Stuart Mill argued that the state may only restrict liberty to prevent harm to others, not to protect people from themselves. A teenager on Instagram harms no one but possibly themselves. That, by the oldest principle in liberal democracy, is their business and their parents', not Starmer's.

An aggressive form of state parenting would at least be understandable (though still unfair) if applied across every facet of young people’s lives. At sixteen you can join the army, have a child, and under Labour's own proposals, vote; but apparently you cannot be trusted with Instagram.

The ban doesn’t make sense for teens, but they’re not the only ones who will be affected. Enforcing the ban will require a system for online age verification. Think digital ID checks for the entire population. The House of Lords has even voted to force VPN providers to implement digital ID to close the workaround.

What could possibly go wrong? Data breaches leading to all manner of harm, that’s what.

This level of paternalism isn’t just in British politics. Despite the various flaws exposed by an Australian social media ban, Spain, Greece, and Slovenia are working on bans of their own. France is also expected to implement an under-15s ban. America must resist the pressure of the bipartisan “child safety” coalition in Congress and resist any expansion of KOSA (Kids Online Safety Act). Not only does age-gating the internet push children onto unmoderated dark-web-adjacent sites, it opens up the rest of the population to providing vast amounts of their personal data to social media companies to appease the government.

What Starmer called putting "power back in parents' hands" actually means handing your passport details to a social media company and handing permanent regulatory power to the Secretary of State; with no sunset clause, no parliamentary override, and no expiry date. It is no longer the case that parents get to decide their own social media policy for their children, the government must go above parents in deciding what is best for children. Ultimately, this leads to people having less individual agency when deciding things. The state, apparently, knows better.

Parents should be allowed to decide what their children see. If they want to use YouTube as an educational tool for their kids, they should be allowed to do so at any age. As things stand, a child aged fifteen would be able to watch Baby Shark videos on YouTube Kids, but be barred from accessing a college lecture.

America was built on freedom and individual rights. It is for that reason, it is one of the most prosperous countries in the world. U.S. lawmakers should resist the urge to follow the rest of the world into overregulation, paternalism, and mass surveillance. Britain is discovering what happens when the state appoints itself the parent of a nation. America was founded precisely to prevent that.

Tyler Durden Wed, 07/22/2026 - 02:00

Spain's World Cup Hero Rocks 'Make Spain Great Again' Hat

Spain's World Cup Hero Rocks 'Make Spain Great Again' Hat

Authored by Steve Watson via Modernity News,

Spain are the world champions again. Ferran Torres came off the bench and smashed home the only goal of the 2026 World Cup final in the 106th minute against Argentina. The next day, as the open-top bus rolled through Madrid and nearly two million Spaniards packed the streets, the hero of the final stood shirtless, draped in the national flag, and wearing a bright red baseball cap that read "Make Spain Great Again."

The image spread instantly. It was impossible to miss the deliberate echo of President Donald Trump's signature slogan. Trump himself had been on the pitch the night before at MetLife Stadium in New Jersey, presenting the trophy and medals to Spain's players after their hard-fought 1-0 extra-time victory.

Torres later said of the winning goal: "I think in the end the goal came from 47 million people, not just those of us that are here. Today destiny was written, it was made for us to win. We're far from our people today but we tried to be as close as possible to them."

The far-left government of Pedro Sánchez does not speak for those 47 million. Many Spaniards are fiercely patriotic. They do not like what is being done to their country.

While the players celebrated a second World Cup title, the same government that waved them off continues to flood Spain with mass illegal immigration, grant amnesties to hundreds of thousands of undocumented arrivals, and watch as public services buckle and crime statistics turn ugly.

In April, Sánchez's socialists pushed through a royal decree granting legal status, work permits, and benefits to roughly half a million illegal migrants - potentially as many as 800,000. The result was immediate chaos. Thousands of military-aged men swarmed consulates in Madrid, Bilbao, and Almería, clambering over security gates and forming kilometre-long queues to obtain the paperwork needed for the amnesty.

Registry offices across the country collapsed under the pressure. Migrants camped overnight. Local officials reported daily requests at social services centres jumping from 1,500 to 5,500 in Madrid alone. Municipal unions warned of "extraordinary pressure" and deteriorating service quality. One official, Jose Fernandez, said bluntly: "I think a hasty decision was made, perhaps even intended to create a collapse."

Days later the scenes grew more extreme. Crowds of undocumented migrants stormed the Gambian embassy in Madrid, scaling walls and fences in desperation to secure documents under the same regularisation process.

Patriots who dared to protest the amnesty were met with violence. In Granada, roughly 40 left-wing extremists tried to shut down a Vox rally. Red paint was thrown, police formed cordons, and Vox leader Santiago Abascal had to confront the mob himself.

"They are preventing us from carrying out this act freely," he said. Abascal has repeatedly described the policy as an "invasion" that is accelerating the "thirdworldization" of Spain. "Tomorrow this chaos will move to the health centres, to the social services, to the real estate agencies... It's already happening. Our priority is to reverse it, radically."

Sánchez defends the amnesty as "an act of justice and a necessity." In a letter to citizens he claimed migrants "already form part of our everyday lives" and insisted Spain "is the daughter of migration and will not become the mother of xenophobia."

Globalist money man Alex Soros publicly praised him, declaring the move showed "what real leadership looks like" and adding, "We need more elected leaders like him!"

Ordinary Spaniards see something very different. A July 2025 poll for El Mundo found 70 percent support mass deportation of illegal immigrants - including majorities of Socialist voters. Support reached 92 percent among Popular Party voters and 89 percent among Vox supporters.

The crime data explains why. Foreigners in Spain commit five times more rapes and four times more murders per capita than Spanish citizens. They make up 31 percent of the prison population.

In Catalonia, migrants - 17 percent of the population - account for 91 percent of convicted rapists. Rape reports nationwide have tripled in six years, from 1,878 in 2019 to 5,206 in 2024. Over the last decade the increase stands at 322 percent, far above the EU average of 150 percent.

This is the Spain that Ferran Torres and his teammates returned to as champions. A country whose people still wave the flag, still fill the streets in the millions for a national team victory, and still remember how to sing songs the authorities would prefer they forgot.

During the Euro 2024 semi-final against France, Spanish fans joined others in belting out a controversial melody that UEFA had tried to ban because right-wing crowds had turned it into an anthem against mass migration.

The contrast could not be sharper. On the pitch and in the streets of Madrid, Spaniards celebrated national excellence and belonging. In the corridors of power, the Sánchez government continues to prioritise open borders, globalist applause, and the steady erosion of the very identity that produced a world-beating football team.

Trump, who handed over the trophy, later said of his interactions with Spanish officials: "I spoke to Spain and I congratulated them on having a great team. I really spoke to a lot of people. I have no tension with him. I have no tension with anybody."

The tension that matters is not between presidents. It is between a far-left elite that treats national identity as an embarrassment and a people who still know what it means to make Spain great again.

Torres did not need a press conference. The red cap said enough. For millions of Spaniards watching their services strain, their streets change, and their crime statistics climb, the message landed exactly as intended.

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Tyler Durden Tue, 07/21/2026 - 23:25

'Birthright Senatorship'? - Graham's Sister Announces Bid For Full Term As Mace Opts Out

'Birthright Senatorship'? - Graham's Sister Announces Bid For Full Term As Mace Opts Out

Three days after President Trump publicly urged her to run, the sister of the late Senator Lindsey Graham on Monday afternoon announced that -- unsatisfied with serving as an obviously unqualified interim senator through January -- she will run for the full six-year-term that starts in January. The development seemed to brush another potential candidate off the plate, but another one joined the field on Monday. Possibly seeing Trump's endorsement as too ridiculous to be fully intimidating, others may join a field that officially has five candidates.  

Graham's sister made the announcement on Sean Hannity's Fox News show on Monday night, but a clip of her declaring that she'd run was posted earlier that afternoon, perhaps with the intent to discourage other candidates from filing when the window officially opens today; it closes on Tuesday the 28th: 

“I’ve made a decision. I’m in... I can’t see it any other way. I just don’t. I’ve thought, and I’ve prayed, and he’s worked so hard for so long. I just, I can’t just let that die. I’ve got to step in and carry on his legacy. I know he cared about the people of South Carolina so deeply. He worked so hard for them, and I feel like I can do that, too.”

To be clear, Lindsey Graham's "legacy" centers on relentless advocacy for bloody, expensive and often counterproductive regime-change interventions around the globe, to include collaborating with Israeli Prime Minister Benjamin Netanyahu to persuade Trump to launch a war on Iran on false premises, and fostering the ouster of Ukraine's democratically-elected president before then leading the charge to pour billions of dollars of weapons into an economy-damaging proxy war against Russia. 

The start of the new week also brought us a rebranding of Graham's sister. When South Carolina Gov. Henry McMaster appointed her to be a placeholder for the remainder of her brother's term that ends in January -- and in the days since -- she was universally referred to as Darline Nordone or Darline Graham Nordone. With her announcement, she's suddenly "Darline Graham," even though she remains married to Larry Nordone, about whom very little is publicly known.

The Darline Graham relabeling is obviously meant to capitalize on name recognition, which, aside from the Trump endorsement, is her only political asset. She has never held an elected office. She's commissioner of the South Carolina Commission for the Blind, and previously held a communications role in the South Carolina Vocational Rehabilitation Department.  Ever the Trump today, Hannity tried using Monday's softball interview to polish Darline Graham's thin resume. "You've had your own life and success," he said. "You have been the commissioner of South Carolina's commission for the blind. You've held this position since 2019. It's a 130 person agency, $90 million budget you ran, 10 offices across South Carolina ... you've got a lot of experience."  

Darline Graham, who seemingly buys her ladies' US-flag brooches at the same place as Mark Levin, called herself Darline Nordone up until Monday

At least one potential opponent seemed to find Trump's endorsement sufficiently threatening: Rep. Nancy Mace, who's poised to hand over her House seat in January after having foregone reelection for a failed bid for governor, had teased at a run on social media within hours of Lindsey Graham's death. On Monday, however, Mace announced she will not enter the GOP special primary election that will take place on Aug. 11, with a potential run-off of the top two finishers on Aug 25. “I’m not running for the U.S. Senate, not because I’m backing down from a fight, but because the one I’m already in matters right now,” she said, referring to her work on laws to protect women and girls who are victims of sexual misconduct. 

Undaunted, Congressman Russell Fry jumped into the race on Monday. Fry was reportedly hand-picked by Trump to unseat Republican Tom Rice in 2022, as payback for Rice's vote to impeach Trump over the Jan 6, 2021 Capitol Hill riot. He won and is considered close to the Trump team. “There is no other way to put it: Lindsey Graham was one of a kind. There is no replacing him. But I believe the best way to honor his legacy is to fight alongside the President just as steadfastly as he did,” Fry said in a statement. Hedging his bets, Fry will also continue pursuing reelection to the House.   

Nordone Graham and Fry join a field that includes businessman Mark Lynch, who was trounced by Lindsey Graham in the June GOP primary; Duke Buckner, a lawyer who has previously run for the state's heavily-Democratic 6th Congressional District seat; and US Rep. Ralph Norman. At 73 years old, Norman's age might be a liability, but he's picked up endorsements from Florida Sen. Rick Scott, Utah Sen. Mike Lee, Turning Point Action and Nancy Mace. 

The winner will go up against Democrat pediatrician Annie Andrews, who previously failed to unseat Mace, and who has founded a PAC focusing on issues like climate change, gun control and voting rights. Before Lindsey Graham suddenly died on July 11 from an aortic dissection, the Cook Political Report rated the South Carolina seat "Solid R." That's unlikely to change no matter who wins the Aug 11 GOP primary.

The big question is whether Trump's endorsement and outside spending in a very short race can overcome Darline Graham's lack of credentials -- and perhaps some reluctance among South Carolina Republicans to see their Senate seat treated like inheritable property. So far there's no indication there will be a debate among the candidates. That's a shame for South Carolina voters, but Darline Graham must be relieved that she won't have to face at least four other candidates and a moderator grilling her on a variety of national and international issues she likely knows very little about and has even less experience articulating. 

Tyler Durden Tue, 07/21/2026 - 23:00

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