Business Update

The International Monetary Fund warned that trade tension continued to be a risk for the global economy. Source link

The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states. Source link

Jerome H. Powell, the Federal Reserve chair, is facing relentless attacks from the president, a lively campaign to replace him and divisions in his own ranks over when to cut interest rates. Source link

Some European politicians are dismayed that the European Union did not drive a harder bargain, but facing the threat of a damaging trade war, officials say they had little choice. Source link

The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results. Source link

The stakes are high, with the United States and India counting on one another as indispensable partners in their competition with China. Source link

In the summer of 1985, NASA, the Reagan White House and seven talented astronauts got wrangled into an orbital chapter of the cola wars. Source link

Rigorous new research appears to show that monthly checks intended to help disadvantaged children did little for their well-being, adding a new element to a dispute over expanded government aid. Source link

Many pharmaceutical products made in Europe will face a 15 percent tariff, pinching manufacturers and potentially leading to higher drug prices. Source link