EconomyStocks fall ahead of Alphabet results as Trump outlines generic-drug tariff plan

US equity futures are lower as investors prepare for Alphabet’s earnings release. Brent crude has climbed above $95 a barrel for the first time in six weeks after both the United States and Iran played down the prospect of talks. President Trump says generic-drug manufacturers must shift production to the US or face a 100% import duty. Goldman Sachs’ Christian Mueller-Glissmann assesses the outlook for major technology earnings.