Thursday newspaper round-up: UK pharmaceutical firms, Bialetti, baby boomers

(Sharecast News) - Ministers are having an "active conversation" with UK pharmaceutical firms about the potential impact of US tariffs, amid calls for an emergency taskforce to make sure the supply of medicines is not disrupted. The UK government has been trying to head off the threat of tariffs to the pharmaceuticals industry, which exports about £7bn of goods to the US - just behind the £8.3bn of car exports. - Guardian Bialetti, the Italian manufacturer of the famed stove-top moka coffee pot, has struck a deal to sell the business to an investment vehicle owned by a Chinese tycoon. Founded in 1933 by Alfonso Bialetti, an engineer who produced the first coffee pots from his workshop in Crusinallo, Piedmont, the company is being bought by Luxembourg-registered NUO Capital, which will pay €53m (£46m) for 78.6% of its shares. - Guardian

Baby boomers are being urged to work later in life after the International Monetary Fund (IMF) declared that "70s are the new 50s". The world's lender-of-last-resort has said that older people today are far sharper and stronger than they were 25 years ago, meaning they should stay in employment for longer. It released its findings after data from 41 countries revealed remarkable leaps in healthy life spans. - Telegraph

The US private equity firm which failed in a takeover of The Telegraph in partnership with Abu Dhabi is making a new attempt with alternative funding. RedBird Capital has been approaching potential investors to help it acquire the company from RedBird IMI, the fund which was blocked from ownership last year. - Telegraph

The head of the Federal Reserve warned that President Trump's tariffs would put at risk the targets of keeping inflation and unemployment under control. Jerome Powell, chairman of America's central bank, said the effects of the administration's significant policy changes, particularly around trade, "are likely to move us away from" the Fed's goals, which include a "dual mandate" to ensure maximum employment and stable prices. - The Times