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Bahrain's crown prince is set to announce plans to invest more than $17 billion in the United States during a meeting with President Donald Trump on Wednesday, a White House official said.

President Donald Trump said that he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug.

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Morgan Stanley CEO Ted Pick, who runs one of Wall Street's biggest dealmakers, said his own firm was considering acquisitions and would set a high bar for purchases.

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(Reuters) -Bahraini and U.S. companies signed a series of agreements worth approximately $17 billion, aimed at strengthening economic ties and advancing cooperation across key sectors, Bahrain's state news agency BNA reported on Wednesday.

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