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ResMed Profits Soar in the US Market After Dodging Trump Tariffs

Key Points: ResMed achieved a 9% revenue increase in the Americas after securing an exemption from trade tariffs. The $43 billion Australian medical company bypassed the 10% levy thanks to the international Nairobi Protocol treaty. Chief Executive Officer Mick Farrell dismissed fears that weight loss drugs like Ozempic would hurt future sales. Despite posting an...

Japan Turns to Russian Crude Oil After Middle East Supply Shocks

Key Points: Japan is buying crude oil from Russia for the first time since February to combat severe energy shortages. The recent military conflict involving Iran forced the closure of the Strait of Hormuz, cutting off Japan from its primary fuel sources. The oil shipment originates from the Sakhalin-2 project, a massive facility in which...