Business Update

Despite shoppers’ concerns about rising costs, inflation and the government shutdown, retailers predict sales will increase as much as 4.2% over the holidays. Source link

In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue. Source link

President Trump announced a deal with Eli Lilly and Novo Nordisk to lower prices on hugely popular weight-loss drugs for Medicare, Medicaid and American patients who pay with their own money. Source link

Drones, missiles and other crucial components of Europe’s rush to rearm itself rely on an increasingly unsteady supply of minerals from China. Source link

Businesses and investors are bracing for uncertainty after Supreme Court justices questioned the legality of a core part of the president’s trade policy. Source link

President Trump has used his sweeping global tariffs as an economic tool and a political cudgel. A decision invalidating them could hamper his power. Source link

Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed. Source link

The banking giant’s C.E.O. said he wanted to keep lines of communication open with the mayor-elect of New York. Source link

Switzerland Seeks New U.S. Trade Deal Amid Trump’s Tariffs Source link

The Supreme Court justices grappled with the legality of President Trump’s tariffs in an oral argument that stretched for almost three hours. Source link