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Big Banks show record trading profits, Trump threatens pharma tariffs

DeFi Daily News by DeFi Daily News
July 16, 2025
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Big Bank results show record trading profits, with Goldman Sachs posting its best stock trading quarter in Wall Street history. Morgan Stanley and Bank of America had a record trading quarter as well. We break down the top takeaways from bank earnings this quarter.
The pharmaceutical industry is bracing for President Trump’s tariffs, which he said were coming in the next month. Senior reporter Anajalee Khemlani breaks down the details. For more videos of Morning Brief, please visit:
https://finance.yahoo.com/videos/series/morning-brief/
#youtube #stocks #investing

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

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Tags: bank earningsbanksBigBondsbusinessCurrenciesEquitiesFXGoldman SachsInvestingInvestmentMarketMarketsMoneyNewsNYSEPersonal FinancepharmaPoliticsProfitsRecordSavingsshowStock marketstockstariffsThreatensTradingTrumpYahoo FinanceYahoo FInance Premium
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