*By Michael Teich*
Investors may be concerned that current trade tensions will escalate into a full-blown trade war, but such fears could be overblown, said JPMorgan global market strategist Alex Dryden.
“It’s not as bad as it seems,” he said in an interview with Cheddar Wednesday. “Cooler heads will prevail.”
The Dow Industrials marked a 7-day losing streak Wednesday, the longest losing stretch the index has seen since March 2017. While the threat of a potential trade war has been lingering for weeks on Wall Street, it was most recently ignited when President Donald Trump said he was considering taxing an additional $200 billion worth of Chinese goods.
Dryden said the U.S.’s end game is to open up the Chinese economy, but if the U.S. does ultimately find itself in a trade war, “the consumer is the end loser,” said Dryden.
“It drives up inflation and drives up prices.”
For the full interview, [click here](https://cheddar.com/videos/stocks-stabilize-as-u-s-china-tensions-persist).
The former chief executive of Japanese beverage giant Suntory has acknowledged he was investigated on suspicion of possessing an illegal drug but has asserted his innocence despite resigning from his position.
Kellie Romack, Chief Digital Innovation Officer at ServiceNow, reveals the company’s latest announcement and how it’s shaping the future of work and tech.
Raina Moskowitz, CEO of The Knot Worldwide, unpacks the 2025 Global Wedding Report, from Gen Z trends to how Taylor Swift's wedding could reshape the industry.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
