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By TOM MURPHY, AP Health Writer

Shares of some big drugmakers advanced above broader indexes Friday as Wall Street started sorting out President Donald Trump’s latest tariff announcement.

The president said late Thursday that he would place 100% import taxes on branded or patented pharmaceuticals starting Oct. 1, but those tariffs would not apply to companies building U.S. manufacturing plants. He defined that as either “breaking ground” or being “under construction.”

Several big drugmakers like Merck & Co. Inc., Eli Lilly and Co. and Johnson & Johnson have announced U.S. expansion plans.

Trump has talked about pharmaceutical tariffs for months, but he has said he would delay them for a year or a year and a half to give companies time to stockpile medicines here and shift manufacturing.

Analysts have said companies started stockpiling medicines in the U.S. earlier this year.

Jefferies analyst Akash Tewari said in a research note that Thursday’s announcement shouldn’t have a material impact on the big drugmakers, given their construction plans. read more

By ALEX VEIGA, AP Business Writer

LOS ANGELES (AP) — It pays less and less to buy and flip a home these days.

From April through June, the typical home flipped by an investor resulted in a 25.1% return on investment, before expenses. That’s the lowest profit margin for such transactions since 2008, according to an analysis by Attom, a real estate data company.

Gross profits — the difference between what an investor paid for a property and what it sold for — fell 13.6% in the second quarter from a year earlier to $65,300, the firm said. Attom’s analysis defines a flipped home as a property that sells within 12 months of the last time it sold.

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The premiere of “Epic Ride: The Story of Universal Theme Parks” docuseries has been delayed. The three-part series, produced for the Peacock streaming service, is now scheduled to debut Nov. 17.

The series, originally set to be seen starting in July, had previously been pushed to Sept. 29.  No reason has been announced for the schedule changes.

A previous one-hour special named “Inside the World of Epic Universe” remains available on Peacock.

The upcoming docuseries includes interviews with directors, producers, executives and celebrities, according to a Peacock description.

“The series will explore Universal’s iconic film and theme park history as well as provide an exclusive behind-the-scenes countdown to the opening of its groundbreaking new theme park, Universal Epic Universe,” it continues.

Epic Universe opened about 2 miles southeast of Universal Orlando’s first two theme parks, Islands of Adventure and Universal Studios Florida, on May 22.

‘We have to get answers.’ Attorney casts doubt on safety of Epic Universe coaster read more

Life insurance is designed to protect against a loss of income if a loved one should die. However, this safeguard isn’t just for traditionally employed adults. The value stay-at-home parents provide should also be part of calculating how much life insurance a family needs.

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In America, 18% of parents don’t work for pay, according to a Pew Research Center analysis of the most recent U.S. Census Bureau data. But that doesn’t mean they’re not adding to the household balance sheet. In fact, the U.S. Bureau of Labor Statistics (BLS) suggests the work of stay-at-home parents could be the financial equivalent of an administrative services and facilities manager plus a teacher all rolled into one. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks climbed Friday and trimmed their losses for the week after a report showed that inflation is behaving roughly as economists expected, even if it’s still high.

The S&P 500 rose 0.6% and broke its three-day losing streak. The Dow Jones Industrial Average gained 299 points, or 0.7%, and the Nasdaq composite added 0.4%. All three indexes pulled closer to the all-time highs they set at the start of the week.

Stocks got some help from a report showing that inflation in the United States accelerated to 2.7% last month from 2.6% in July, according to the measure of prices that the Federal Reserve likes to use. While that’s above the Fed’s 2% target, and it’s more painful than any household would like, it was precisely what economists had forecast.

That offered some hope that the Fed could continue cutting interest rates in order to give the economy a boost. That’s critical for Wall Street because it’s already sent U.S. stocks on a blistering run to records from a low in April in large part because of expectations for a string of rate cuts. read more