From Financial Modeling Prep: 2025-05-12 07:37:00

U.S. stock futures surged after the U.S. and China agreed to a 90-day tariff pause, with Dow Futures up 975 points, S&P 500 Futures up 170 points, and Nasdaq 100 Futures up 785 points, continuing last week’s positive momentum.

In Geneva, U.S. and China agreed to slash tariffs, with U.S. tariffs on China reduced to 30% and China’s duties on U.S. lowered to 10%, alongside a 90-day truce for detailed talks, signaling a spirit of cooperation.

India and Pakistan announced a ceasefire, brokered by the U.S., reducing geopolitical risks, particularly for defense and energy sectors, although violations have been reported.

President Trump plans to lower U.S. drug prices by 30-80% with an executive order, impacting pharmaceutical stocks, while Eli Lilly’s Zepbound outperformed Novo Nordisk’s Wegovy in the biotech space.

Stay informed on upcoming policy announcements and trade talks with the Economics Calendar API for real-time dates on central bank meetings, tariff deadlines, and major macro releases.

Watch for joint statements clarifying products benefiting from tariff cuts, stability in the India-Pakistan ceasefire, and reactions in premarket drugmakers to the executive order, to navigate market shifts driven by trade diplomacy and geopolitical developments.



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