Hi, I'm Becky Quick, co-host of Squawk Box, and this is five things you need to know before today's opening bell.

President Trump threatening the pharmaceutical industry with 100% tariffs unless drug companies manufacture or at least start to build manufacturing plants in the United States.

The president also saying that he plans to slap a 25% tariff on imported

heavy trucks starting October 1st. Separately, President Trump said yesterday he hopes to take some of the

money raised by his tariffs and give it to U.S. farmers. Retaliation to President Trump's tariffs have

reduced foreign demand for American crops by making them more

expensive abroad. Costco's quarterly profit and revenue both beating the street's expectations.

The company's CFO saying that they are working hard to offset higher tariff costs,

in some cases introducing new items from its Kirkland private label brand as alternatives

to goods that have been hit by tariffs.

And new this morning, Meta announcing pricing for ad-free versions of Facebook and Instagram in the UK.

It will cost a little more than $5 a month on mobile platforms and slightly less for web browser versions.

It matches an ad-free option that META rolled out to the EU in

2023 to comply with regulators' demands.

And Amazon is going to be paying $2.5 billion, or up to $2.5 billion,

to settle an FTC complaint, accusing the company of duping customers

into signing up for its prime service and making

it hard to cancel that service. The surprise settlement comes as Amazon and the FTC were just three

days into a trial in a Seattle federal court. A billion dollars of it is civil penalties that will go to

the government. One to one and a half billion dollars will be going back to customers who they feel were duped

by this.

I think customers can get up to $51 if they qualify for it, but this is obviously a calculated

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