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Ferrari said Thursday it will raise prices on certain models after April 1 in response to new U.S. auto tariffs.
The sports car maker’s more popular models, including the Purosangue SUV, the 12Cilindri and the F80, will get price increases of up to 10%.
Ferrari produces all of its cars at its Maranello factory.
Last year, the company produced 13,752 cars.

The Ferrari logo is seen outside the Ferrari headquarters in Maranello, Italy.
Ciancaphoto Studio | Getty Images Sport | Getty Images

Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to the price of a typical Ferrari.
The Maranello, Italy-based sports car maker said prices will remain unchanged for all cars imported before April 2. After that, the “commercial terms” for three of its model families — the Ferrari 296, SF90 and Roma — will “remain unchanged,” the company said in a release.

Yet, its more popular models, including the Purosangue SUV, the 12Cilindri and the F80, will get price increases of up to 10%.
For the Purosangue, which starts at about $430,000, that price hike amounts to about $43,000. For the limited edition F80, which starts at more than $3.5 million, the increase will add more than $350,000 to the price tag.
President Donald Trump on Wednesday announced tariffs of 25% on all cars not made in the U.S. Ferrari produces all of its cars at its Maranello factory.
Last year, Ferrari produced 13,752 cars. The company plans to launch its first all-electric Ferrari in October.
It is unclear what effect the tariffs will have on Ferrari sales, since there is already a waiting list of more than a year for most of its vehicles. Ferrari buyers are generally wealthy enough to easily absorb the price hikes.

Ferrari also said Thursday it “confirms its financial targets for 2025” but added that there is a “potential risk of 50 basis points on profitability percentage margins.”
In an interview with CNBC this month, Ferrari CEO Benedetto Vigna said even though Ferrari buyers are wealthy, the company has to be sensitive to passing on too much of the added cost of tariffs.
“When we look at the client, we consider that these people to buy a Ferrari, they have to work,” he said. “We have to respect them. Because for us, the most important thing is the client. So we need to make sure that we treat them in the right way.”
Shares of Ferrari were slightly higher Thursday morning, while shares of the U.S. “Big Three” automakers were largely lower.

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If you are fed up with the other people on your team, remember this: it could be so much worse. Butch Wilmore and Suni Williams, two American astronauts, returned to Earth on March 18th after a planned days-long mission to the International Space Station turned into a nine-month stay. At the SANAE IV research station in Antarctica, reports have emerged of assault, death threats and intimidation among a team of South African scientists who arrived there in February; they are due to leave the base only in December. Submariners on Britain’s nuclear-armed subs can be at sea for six months or more. More

Spit in a tube and, for about $100, discover secrets held by your DNA. That was the promise of 23andMe, a direct-to-consumer genetic-testing company. It proved popular—more than 15m customers coughed up to receive tailored reports. Insights ranged from the banal (there is a 48% chance you have freckles) to the potentially helpful (you have an increased risk of type-2 diabetes). Ultimately, though, the venture was unprofitable. On March 23rd the firm filed for bankruptcy. More

CENTRAL PARK bisects upper Manhattan, creating two neighbourhoods and, apparently, two reading cultures. On the Upper West Side, the New York Times is “a standout for us” in terms of driving book purchases, says Victoria Harty, assistant manager of the local branch of Barnes & Noble, America’s biggest bookstore chain. On the east side, meanwhile, customers prefer recommendations from the Washington Post and the Atlantic. More

If you are fed up with the other people on your team, remember this: it could be so much worse. Butch Wilmore and Suni Williams, two American astronauts, returned to Earth on March 18th after a planned days-long mission to the International Space Station turned into a nine-month stay. At the SANAE IV research station in Antarctica, reports have emerged of assault, death threats and intimidation among a team of South African scientists who arrived there in February; they are due to leave the base only in December. Submariners on Britain’s nuclear-armed subs can be at sea for six months or more. More

President Donald Trump said he would place 25% tariffs on “all cars that are not made in the United States.”
The tariffs apply to imported passenger vehicles and light trucks, as well as key automobile parts including engines and transmissions, the White House said in a fact sheet.
Vehicles are made up of tens of thousands of parts, many of which cross back and forth over the U.S. border before a final product is completed.

The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, on March 4, 2025.
Mike Blake | Reuters

Auto stocks are digesting President Donald Trump’s announcement that he would place 25% tariffs on “all cars that are not made in the United States,” as well as certain automobile parts.
Trump’s administration had been telegraphing plans to put tariffs on the auto industry, but the effect of those moves and mechanism for enforcement are starting to take shape. Trump said the tariffs would go into effect April 2.

General Motors stock was down about 7% in early trading Thursday, while Stellantis lost more than 2%. Tesla, however, was marginally higher, while Ford Motor shares hovered around the flat line.
“In our coverage, for [original equipment manufacturers], Tesla and Ford appear to be the most shielded given location of vehicle assembly facilities although Ford does face incremental exposure on imported engines,” Deutsche Bank analysts wrote in a note Thursday. “GM has the most exposure to Mexico.”
Trump said Wednesday he would not put a tariff on vehicles that are built in the U.S.
The tariffs apply to imported passenger vehicles and light trucks, as well as key automobile parts including engines and transmissions, the White House said in a fact sheet.

The United Auto Workers union cheered Trump’s announcement.

“These tariffs are a major step in the right direction for autoworkers and blue-collar communities across the country, and it is now on the automakers, from the Big Three to Volkswagen and beyond, to bring back good union jobs to the U.S.,” UAW president Shawn Fain said in a statement Wednesday.
Vehicles are made up of tens of thousands of parts, many of which cross back and forth over the U.S. border before a final product is completed.
Data and forecasting firm S&P Global Mobility reports there are on average 20,000 parts in a vehicle when it is torn down to its nuts and bolts. Parts may originate anywhere from 50 to 120 countries.
The firm also reports that 25 automakers on average produce 63,900 light-duty passenger vehicles in North America per day. A majority of those, roughly 65%, are assembled in the U.S., followed by 27% in Mexico and 8% in Canada.

Goldman Sachs analysts wrote Thursday that Trump’s 25% tariff could raise the price of imported cars by $5,000 to $15,000. If roughly 50% of parts in a U.S.-made car came from foreign sources, the tariff could raise the price of those cars by $3,000 to $8,000, they added.
President Trump had previously granted automakers a one-month tariff exemption for vehicles that comply with the United States-Mexico-Canada Agreement’s trade rules of origin.
— CNBC’s Michael Wayland and Michael Bloom contributed to this report.

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Health and Human Services Secretary Robert F. Kennedy Jr. plans 10,000 job cuts at his department.
The reductions could affect teams that respond to disease outbreaks, approve drugs and help people with their insurance coverage.
Kennedy has repeatedly criticized the department he now leads.

Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a cabinet meeting at the White House in Washington, DC, US, on Monday, March 24, 2025. 
Samuel Corum | Bloomberg | Getty Images

Health and Human Services Secretary Robert F. Kennedy Jr. plans to slash 10,000 full-time employees across different departments, as he works to reshape the nation’s federal health agencies, the department said Thursday.
Those job cuts are in addition to about 10,000 employees who opted to leave HHS since President Donald Trump took office, through voluntary separation offers. Combined, they will lead to the federal health department shedding about a quarter of its workforce, shrinking it to 62,000 employees.

HHS is a $1.7 trillion agency that oversees vaccines and other medicines, scientific research, public health infrastructure, pandemic preparedness and food and tobacco products. The department also manages government-funded health care for millions of Americans – including seniors, disabled people and lower-income patients who rely on Medicare, Medicaid, and the Affordable Care Act’s markets.
The department will cut jobs at divisions responsible for offering insurance to the poorest Americans, approving new drugs, and responding to disease outbreaks, according to The Wall Street Journal, which earlier reported the cuts.
The major restructuring comes as the U.S. grapples with one of the worst measles outbreaks in more than two decades, and as bird flu spreads in wild birds worldwide and is causing outbreaks in poultry and U.S. dairy cows, with several recent human cases.
HHS will also drop five of its 10 regional offices, but it said essential health services won’t be affected.
“We aren’t just reducing bureaucratic sprawl. We are realigning the organization with its core mission and our new priorities in reversing the chronic disease epidemic,” Kennedy said. “This Department will do more – a lot more – at a lower cost to the taxpayer.”

The department said the cuts will save the government about $1.8 billion per year. The federal government spent roughly $6.8 trillion in fiscal 2024.
Here are the employees the Trump administration plans to cut, according to the Journal:

3,500 full-time employees from the Food and Drug Administration, or about 19% of its workforce
2,400 workers from the Centers for Disease Control and Prevention, or roughly 18% of its staff
1,200 employees from the National Institutes of Health, or about 6% of its workforce
300 workers from the Centers for Medicare and Medicaid Services, or roughly 4% of its employees

Before he was confirmed, Kennedy pledged to end what he calls “corporate corruption” at federal health agencies and purge staff when he stepped into his role in the Trump administration.
He had said he would clear out “entire departments” at the FDA, saying that workers who stand in the way of approval of several controversial or dubious treatments should prepare to “pack their bags.”
Kennedy, a prominent vaccine skeptic, has made early moves that could impact immunization policy and further dampen uptake in the U.S. at a time when childhood vaccination rates are falling.
He has said he will review the childhood vaccination schedule and is reportedly preparing to remove and replace members of external committees that advise the government on vaccine approvals and other key public health decisions, among other efforts.
His so-called Make America Healthy Again platform also pledges to end the chronic disease epidemic in children and adults. Kennedy has been vocal about making nutritious food, rather than drugs, central to that goal.
This story is developing. Please check back for updates. More

Sandy Weill on Thursday announced a new $50 million donation to create a cancer research and treatment hub focused on immunotherapy.
The hub is in partnership with four leading research institutions.
The Weill Family Foundation said the hub will also examine how GLP-1 agonists and other emerging therapeutics might affect cancer treatment.

Former Citigroup CEO Sandy Weill announced Thursday morning a $50 million gift through the Weill Family Foundation to establish the Weill Cancer Hub East, a partnership aimed at using research on nutrition and metabolism to develop cancer treatments.
The partnership brings together four leading research institutions — with experts from Princeton University, The Rockefeller University, Weill Cornell Medicine and the Ludwig Institute for Cancer Research — to develop an immunotherapy strategy to fight cancer.

“Good things happen when people believe in cooperation,” Weill said in an exclusive interview on CNBC’s “Squawk Box” Thursday morning.
Weill’s latest donation marks the foundation gifting a total of more than $1 billion to nonprofits.
“With the best minds in the field armed with the most advanced research techniques, the Weill Cancer Hub East will seek to elevate immunotherapy and improve patient care for people battling cancer,” Weill said in a statement.
The new partnership will focus on investigating how nutrition and the microbes that metabolize food can influence immunotherapy and other cancer treatments. The Weill Family Foundation said the hub will also examine how GLP-1 agonists and other emerging therapeutics might affect cancer treatment.
Immunotherapy, unlike other therapies that target removing or attacking cancer cells directly, uses the patient’s immune system to fight the illness from the inside. The hub’s projects will focus on “reprogramming” the tumor microenvironment, the foundation said in a release, and will also offer clinical trials.

“How we can increase the effectiveness of immunotherapy across all cancer types and patients is one of the scientific questions that most needs answering,” said Dr. Robert Harrington, the dean of Weill Cornell Medicine.
The research from the new hub is meant to complement research and development out of the National Institutes of Health, Weill said, and cannot replace the work the NIH does. However, Weill added that he thinks NIH’s work may be somewhat limited.
“I think they’re not the big risk-takers that they used to be,” he said on “Squawk Box.” “I think that it’s the job of the private sector to be more of the risk-taker.”
The Weill Family Foundation previously founded another hub in 2019, called the Weill Neurohub, that pulled together researchers from University of California, San Francisco; the University of California, Berkeley; the University of Washington; and the Allen Institute to work on developing treatments for neurological and psychiatric diseases.

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