US President Trump posts on Truth Social a request from Senator Grassley for Trump to help US farmers like he did for consumers of pharmaceutical products
Every headline is on the live feed 20 minutes before this site.
NVIDIA (NVDA) is in talks to invest around USD 2.5bln in Thinking Machines Lab, according to The Information
US Auto Safety Regulator is in contact with Tesla (TSLA) regarding Cybercab rollout and is evaluating the situation
US President Trump posts on Truth Social a request from Senator Grassley for Trump to help US farmers like he did for consumers of pharmaceutical products
Australia sells AUD 800mln in 4.75% October 2037 Bonds b/c 3.21, avg. yield 5.2133
Filipino CPI (Aug YY) 6.1% vs. Exp. 6% (Prev. 6.2%)
On the Newsquawk feed at , 20 minutes before this page.
Full post
"From Chuck Grassley
President Trump I ask you to do for American farmers what you have done for consumers of pharmaceutical products. The situation is this. American companies that produce seed fertilizer and chemicals are selling their products overseas and particularly Brazil at great discounts unfair to the American farmer. In the case of corn seed, American farmers are paying a 68% premium over what is paid in Brazil. It is easy to see that if you put pressure on these companies like you did the pharmaceutical companies you wouldn’t need to appropriate $11 billion to farmers for bridge. Please study this if you find an injustice to the American farmer announce something shortly even if you can’t negotiate right away. A very big thank you from the American farmer."
Context
The template invoked here is the administration's drug-pricing campaign, in which public pressure on pharmaceutical companies over the gap between US and overseas prices preceded voluntary pricing arrangements and avoided the need for legislation. Grassley is asking for the same playbook applied to agricultural inputs: seed, fertilizer and crop chemicals, where US farmers are alleged to pay well above what buyers in Brazil pay for the same products. The named mechanism is differential pricing by multinational input suppliers across geographies, and the ask is explicitly framed as a substitute for fiscal outlay, replacing bridge payments with jawboned price relief. Episodes of this kind have tended to follow a sequence of social media pressure, meetings with executives, and headline concessions whose durability varies; the pharma precedent suggests the companies most exposed are the large branded seed and chemical producers with pricing discretion, rather than fertilizer, which is more commodity-priced and globally arbitraged. Worth noting is that a sitting senator supplying the complaint gives the effort congressional cover that purely executive initiatives have lacked. The follow-ons are any response from the named input companies, whether the administration adopts the framing, and what it implies for the size and form of farm support already in the pipeline.
Related headlines
- A source tells the Tehran Times that the the assessment is that the US President Trump, under pressure from Israeli President Netanyahu, is seeking a new confrontation in the region, but does not have the capacity to expand or sustain this2 hours ago
- A US official says the idea of cutting off intelligence-sharing with Ukraine is being discussed inside the White House, Semafor reports2 hours ago
- Newsquawk Daily European Opening News - 14th October 20266 hours ago
- [MARKET ANALYSIS] DXY is flat awaiting US CPI; Antipodeans outperform on the risk tone and Chinese data2 hours ago
- [MARKET ANALYSIS] Crude gains amid renewed Middle East tensions and shipping attacks; copper supported after Chinese data2 hours ago
- Russian President Envoy Dmitriev says they will continue economic cooperation with the US, not only on diesel32 min ago
- Russian Deputy PM Novak says a diesel supply solution, with reference to supplies to the US, will be determined via negotiation, in the context of ongoing sanctions, Ifx reports. Russian oil output will see a recovery1 hour ago
- Israeli PM Netanyahu says he opposes a preemptive attack on Iran at this time before the elections: "I think it's not convenient for us"1 hour ago
- Israeli PM Netanyahu says Iran will try to resume its nuclear program, it will try to destroy Israel again, and it will rebuild Hezbollah and Hamas; "To eliminate this entire system, we must topple this regime"5 hours ago
- Newsquawk Daily European Equity Opening News - 14th October 20265 hours ago
- Notable FX Option Expiries for today's NY cut: 13th October 2026 5 hours ago
- [MARKET ANALYSIS] Gilts lead on pre-budget reports and post-Pill, USTs await CPI2 hours ago
- Fed's Bowman (Voter) says not seeing urgency on further action on rates 1 hour ago
- Aurubis (NDA GY) reportedly lifts its 2027 European copper premium to USD 347 per metric tonne, Reuters reports3 hours ago
- BlackRock Inc. (BLK) Q3 2026 (USD): Adj. EPS 15.93 (exp. 14.32), Revenue 7.75bln (exp. 7.43bln)1 hour ago
- Japan's aluminium premium for Oct-Dec delivers set at USD 255/t, -35% Q/Q, according to sources3 hours ago
- Commerzbank (CBK GY) CEO says that they are expecting ECB approval for UniCredit (UCG IM) tie up in the coming days or weeks4 hours ago
- BoE Chief Economist Pill says he is somewhat more sceptical of market pricing for four rate hikes over the next year5 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Earnings from Hero MotoCorp, ICICI Prudential, Tata Elxsi7 hours ago
- General Atlantic is planning a H1-2027 IPO, valuation of around USD 10bln possible, FT reports citing sources1 hour ago
The feed had this first.
Use the Platform