Trump slams brakes on 'Project Freedom' as talks progress

About this episode

President Trump pauses 'Project Freedom' as progress is made on a potential deal with Tehran, positively impacting equity markets.

President Trump pauses the ‘Project Freedom’ operation after revealing that progress has been achieved on a potential deal with Tehran to end the conflict. U.S. Secretary of State Marco Rubio says reopening the Strait of Hormuz is paramount, not military action. Equity markets respond positively to the news. In Asia, south Korea’s KOSPI rallies by more than 7 per cent with A.I. and chips stocks leading the way. Novo Nordisk is up ahead of the market open and hikes its guidance. The Danish pharma giant’s Wegovy weight-loss pill sales are up by more than DKK1bn.    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

People in this episode

Host: CNBC International

Topics covered

• U.S. politics
• Middle East conflict
• equity markets
• pharmaceuticals
• economic news

Keywords

• Trump
• Project Freedom
• Tehran
• equity markets
• Novo Nordisk
• Wegovy
• Strait of Hormuz
• South Korea
• KOSPI
• A.I. stocks

Mentioned in this episode

Organizations: Novo Nordisk

Products: Wegovy

Places: Strait of Hormuz, South Korea

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