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Vivek Ramaswamy quits 2024 presidential race, after Donald Trump wins Iowa Caucus

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Entrepreneur Vivek Ramaswamy, who is Indian-American, withdrew from the 2024 US presidential contest today and declared his endorsement of Donald Trump following an unsuccessful performance in the Iowa Republican primary.

Despite being a relative unknown in the political world when he entered the race in February 2023, Ramaswamy was able to attract the attention and support of Republican voters by emphasising America first and holding strong views on immigration. His campaign strategy, in terms of both tone and policy, was very similar to that of the former president Trump.

Ramaswamy aimed to reach out to the conservative constituency that had helped Trump win elections in the past.

Trump’s victory in Iowa that same evening cemented his standing as the front-runner for the Republican candidature.

Born in Ohio to Keralan immigrants, Ramaswamy became one of the surprise candidates in a Republican field still heavily influenced by Trump’s name.

But in the last days before the Iowa caucuses, Mr. Ramaswamy found himself under fire from Trump, who publicly attacked him, calling him a fraud on his social media platform Truth Social and saying that supporting the Indian-American represented siding with the other side.

Ramaswamy received about 7.7% of the vote and finished fourth in Iowa.

With the publication of his 2021 hit Woke, Inc., a biting indictment of business decisions predicated on social justice and climate change concerns, the Harvard-educated millionaire shot to fame in right-wing circles.

During debates, Ramaswamy’s other Republican presidential contenders frequently vented their displeasure with him. One such candidate, former South Carolina Governor Nikki Haley, who is also of Indian descent, made fun of him by remarking, every time he hear him, he feels a little bit dumber.

Throughout the campaign, Ramaswamy had been one of Trump’s strongest allies. He has supported Trump through multiple criminal allegations and barriers to his candidature, calling him the greatest president of the 21st century.

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For second time, US strikes ship with Indian crew near Strait of Hormuz

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Strait of Hormuz

The United States Central Command (CENTCOM) has said that an oil tanker carrying Indian crew was drifting with its engine switched off near the Strait of Hormuz before it was struck by US forces.

A CENTCOM spokesperson said the vessel had stopped due to engine failure and was drifting after its crew repeatedly sought additional time to carry out repairs. US officials said the tanker was struck only after it failed to comply with directives issued by US forces enforcing a blockade on vessels allegedly transporting Iranian oil. The military said the strike was aimed at disabling the ship by targeting its engine room rather than sinking it.

The incident involved a tanker carrying Indian seafarers near the Gulf of Oman, close to the Strait of Hormuz, one of the world’s busiest maritime trade routes. The strike triggered a fire onboard, prompting rescue efforts by Omani authorities and maritime agencies. Indian authorities closely monitored the situation and coordinated with local officials regarding the welfare of the crew members.

The incident has drawn concern in India, with the government emphasising the safety of Indian nationals working aboard commercial vessels in the conflict-hit region. The Ministry of External Affairs has remained in touch with the authorities concerned as tensions between the United States and Iran continue to pose risks to international shipping.

In June, three Indian sailors were killed in a US strike on another oil tanker. The Strait of Hormuz handles a significant share of the word’s oil trade, and the latest incident has renewed concerns over the security of merchant vessels operating in the region. Maritime experts have warned that escalating hostilities could further disrupt commercial shipping and endanger civilian crews navigating one of the world’s most strategically important waterways.

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Trump announces phased tariff of up to 200% on generic drug imports, India may face impact

US President Donald Trump has announced a phased tariff plan on imported generic medicines, raising duties to 200% after three years, a move that could affect India’s pharmaceutical exports.

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Donald Trump

The United States has announced a phased tariff plan for imported generic medicines that could have implications for pharmaceutical exporters, including India. US President Donald Trump said the policy is intended to encourage companies to shift generic drug manufacturing to the United States by imposing steep tariffs after a two-year transition period.

The announcement is particularly important for India, one of the world’s largest suppliers of affordable generic medicines and a major exporter to the US market.

Trump outlines phased tariff plan

In a post on his Truth Social platform, President Trump said the new policy will take effect from August 1, 2026. Under the plan, imported generic medicines will continue to attract zero tariffs for the first two years.

Beginning in the third year, the tariff will increase to 100%, before rising further to 200% thereafter.

Trump said the measure is designed to encourage pharmaceutical companies to establish manufacturing facilities in the United States instead of relying on imports.

He added that companies choosing not to invest in US-based production during the transition period would face the higher tariff rates. According to Trump, the existing policy governing patented, branded and innovative medicines will remain unchanged.

Why India could be affected

India is widely regarded as the “pharmacy of the world” because of its large-scale production and export of generic medicines.

Indian generic drugs account for nearly 40% of the US generic medicine market by volume. According to a Global Trade Research Initiative (GTRI) report, India exported pharmaceutical products worth USD 9.7 billion to the United States during the 2024-25 financial year, representing around 38% of the country’s total pharmaceutical exports of USD 25.8 billion.

However, the immediate impact of the newly announced tariff policy on Indian pharmaceutical companies remains uncertain.

Existing trade agreement and industry concerns

India and the United States struck a trade pact in February that states India would receive negotiated outcomes regarding generic pharmaceuticals and pharmaceutical ingredients.

Despite that provision, previous tariff threats by Trump had already raised concerns within the pharmaceutical industry over the future of affordable medicine exports from India.

Indian pharmaceutical companies supply a wide range of generic medicines used to treat conditions including hypertension, diabetes, depression, cancer, infectious diseases and mental health disorders.

According to a Financial Post report cited in the source material, around 65% of birth control pill prescriptions in the United States during 2024 were manufactured by two India-based companies — Glenmark Pharmaceuticals Ltd. and Lupin Ltd.

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FIFA World Cup 2026 final creates history with spectacular closing ceremony and first-ever Halftime Show

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The FIFA World Cup 2026 final was marked by an unforgettable celebration as football, music and entertainment came together on one stage at New York New Jersey Stadium in East Rutherford, New Jersey. Ahead of Spain’s victory over Argentina, fans witnessed a grand closing ceremony followed by the tournament’s first-ever official Halftime Show, featuring internationally renowned artists and football legends.

The event showcased performances, cultural celebrations and visual spectacles that reflected the global appeal of the FIFA World Cup.

Star-studded closing ceremony opens the final

The festivities began before kick-off with streamer IShowSpeed performing his World Cup song Champions. Opera tenor Christopher Macchio followed with a rendition of America the Beautiful, while Post Malone and Swae Lee energized the crowd with their hit Sunflower.

Academy Award-winning singer Jennifer Hudson performed the United States national anthem before FIFA Music Ambassador Robbie Williams, Nicole Scherzinger and Laura Pausini took the stage to perform the official FIFA anthem Desire.

Former World Cup-winning captains Andres Iniesta and Mario Kempes later carried the iconic FIFA World Cup Trophy onto the pitch before actor Tom Cruise concluded the ceremony with a message highlighting football’s ability to unite people across the world.

National anthems and legendary introductions

Before the final got underway, Spain’s national anthem was performed by trombonist Indalecio “Inda” Bonet alongside Spanish Brass, while Argentine singer Maria Becerra delivered her country’s national anthem.

Adding to the excitement, renowned announcers Bruce Buffer and Michael Buffer introduced the teams in front of a packed stadium.

First-ever FIFA World Cup Halftime Show makes history

After a scoreless first half, the FIFA World Cup introduced its inaugural official Halftime Show, marking a new chapter in the tournament’s history.

Madonna opened the performance with her hit Music, joined on stage by Brazilian football legends Ronaldo and Ronaldinho.

The entertainment continued with The Muppets performing Seven Nation Army, followed by BTS performing Dynamite.

Actor Jason Sudeikis appeared in character as Ted Lasso before Justin Bieber performed a special version of Everything Hallelujah with football-themed lyrics.

Shakira and Burna Boy returned to perform the official FIFA World Cup 2026 song Dai Dai, having also featured during the tournament’s opening ceremony in Mexico City.

Grand finale celebrates unity through music and football

The Halftime Show concluded with an ensemble performance featuring the PS22 Chorus, a live band, The Muppets, Sesame Street characters and Coldplay frontman Chris Martin, who curated the historic production. Together they performed the original song We Dance before a fireworks display brought the celebrations to a memorable close.

The ceremony highlighted football’s global reach by combining sport, music and culture, creating one of the most elaborate entertainment spectacles in FIFA World Cup history.

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