Ken Griffin, CEO of Citadel, weighed in on how Trump's economic and geopolitical policies have impacted the US during the World Economic Forum.

U.S. President Donald Trump said on Wednesday he had agreed to lower the 39% U.S. tariff rate on imports from Switzerland to 15% amid pressure from Swiss companies, including Rolex, but the rate could rise again.

The chancellor says the UK "would not be buffeted around"; meanwhile an EU chief says Europe is prepared to act "with urgency".

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Top Republicans have said the checks would need to be approved by Congress and could not unilaterally be enacted by Trump.

Johnson & Johnson on Wednesday forecast 2026 sales and profit ahead of Wall Street estimates, even with the expected impact of a drug pricing deal with the Trump administration and about $500 million it sees in tariffs on its medical devices business.

His remarks to the annual World Economic Forum will come as European leaders try to de-escalate tensions with the U.S. over Trump’s plan to acquire Greenland.