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Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
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World's First Case of Bird Flu in Sheep Sparks Concerns in the UK

 

In a groundbreaking development, the United Kingdom has reported the first-ever case of bird flu (H5N1) in a sheep. The infected ewe was identified on a farm in Yorkshire, where bird flu had previously been detected in captive birds. This marks the first known instance of the virus crossing over to sheep, adding to the growing list of mammals affected by the disease.

The infected sheep displayed signs of mastitis, an inflammation of breast tissue, and its milk tested positive for the virus. The animal was humanely culled, and extensive testing of the remaining flock revealed no further cases. Strict biosecurity measures have been implemented to prevent the spread of the disease.

Experts have emphasized that the risk to livestock and the general public remains low. However, the case has raised concerns about the virus's ability to infect a broader range of species. The UK Health Security Agency has reassured the public that avian influenza viruses currently circulating do not spread easily to humans.

This development follows similar outbreaks among dairy cows in the United States, highlighting the need for continued surveillance and preventive measures to mitigate the risk of a potential pandemic.



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