Markets Soar on US-China Tariff Pause; Trump Vows Pharma Price Cuts | Bloomberg Brief 05/12/2025

US equity futures surge, Treasuries fall and the dollar strengthens against most currencies after talks between the US and China led to a pause on tariffs and a cooling of trade war tensions between the two nations. President Trump vowed to bring drug prices in the US down to parity with the lowest prices globally. Trump is set to visit the Middle East this week. Seema Shah of Principal Asset Management says that US exceptionalism is likely to stay on the back of trade news. Amanda Lynam of BlackRock says she still expects a challenging growth and inflation environment. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.

Chapters:
00:00:01 – Intro
00:02:05 – First Look Movers
00:10:16 – Trending on the Terminal
00:12:42 – Seema Shah, Principal Asset Management Chief Market Strategist
00:20:12 – Front Page News
00:23:01 – First Look Movers
00:27:58 – Amanda Lynam, BlackRock Head of Macro Credit Research
00:43:39 – What to Watch
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