Month: July 2025

President Donald Trump wants to bring additional drug manufacturing to the United States and has threatened tariffs on imported medicine. The U.S. relies heavily on imports for low-cost generics, and building up domestic supply chain capacity could be tricky. We'll map out drug manufacturing and explore what it'd take to reshore drug supplies. But first: oil giants are eager to drill off the coast of Guyana, and the boss of an obscure regulatory agency is stepping down.

From the BBC World Service: Japanese Prime Minister Shigeru Ishiba's governing coalition lost its majority in the upper house of parliament, but Ishiba said, with the threat of additional U.S. tariffs and rising inflation, he's not going anywhere. Plus, the European Union is ramping up efforts to avoid President Donald Trump's tariffs. An Aug. 1 deadline is looming, and retaliatory tariffs could be in the pipeline. And later, we'll examine the cost of child care in the U.S.

With the passage of President Trump’s One Big Beautiful Bill, numerous Biden-era clean energy incentives will begin to phase out. Many of those incentives were aimed at onshoring energy and battery manufacturing. 

Energy demand is only expected to rise as more data centers are built to service AI and electric and autonomous vehicles become more widespread. And storage for that energy has to come from somewhere. 

Marketplace’s Meghan McCarty Carino speaks with Jeremy Michalek, a professor of Engineering and Public Policy at Carnegie Mellon University, about the impacts of the Big Beautiful Bill clean energy rollbacks.