Business Update

Washington and Beijing both need a trade win as steep new tariffs and tough import limits on critical minerals loom. Source link

A lawsuit in Washington State is one of several accusing the airline of failing to update equipment on a plane that crashed in South Korea last year, killing 179 people. Source link

The company’s new chief executive, Philipp Navratil, announced the reductions as part of a plan to turn around the world’s largest food company. Source link

Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized. Source link

Orsted, a Danish wind farm developer, has been hammered by high costs and President Trump’s efforts to stymie renewable energy. Its struggles are rippling across Denmark. Source link

Canadian leaders blame the move by Stellantis to abandon production in Ontario on President Trump’s tariffs. Mr. Trump says he wants to increase production in the United States. Source link

Some stores are rounding transactions to the nearest nickel and encouraging customers to pay with plastic, citing the Treasury Department’s decision to phase out the penny. Source link

The justices on the State Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders. Source link

The layoffs come ahead of a corporate spinoff that will formally separate the parent company of NBC News from cable networks like MSNBC and CNBC. Source link

The central bank confronts “no risk-free path” in balancing the risks of a sharp slowdown in the labor market and resurgent price pressures. Source link