Companies, Not Consumers, to Cash In Big From Tariff Refunds
Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them. Source link
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Who’s Getting a Tariff Refund?
new video loaded: Who’s Getting a Tariff Refund? Following a Supreme Court ruling that struck down several Trump administration tariffs, importers have begun applying for their share of $166 billion in refunds. As our economic policy reporter Tony Romm explains, consumers are unlikely to see much of that money returned to their own pockets. By…
A.I. Start-Ups From Canada and Germany Merge to Take On Silicon Valley
Cohere is acquiring Aleph Alpha in a deal aimed at customers uneasy about the dominance of American companies in artificial intelligence. Source link
War and Sanctions Accelerate China’s Currency Push
China’s bid to build a renminbi-based financial system beyond the U.S. dollar’s reach is gaining traction as a way to sidestep sanctions. Source link
DeepSeek’s Sequel Set to Extend China’s Reach in Open-Source A.I.
Chinese companies have embraced making their most advanced artificial intelligence models available to all. Source link
Soldier Used Classified Information to Bet on Maduro’s Ouster, U.S. Says
Federal prosecutors say that Sgt. Gannon Ken Van Dyke, who was involved in the operation to oust Nicolás Maduro from power in Venezuela, used the information to place bets on a prediction market. Source link
Pentagon Fires Stars and Stripes Newspaper’s Ombudsman
The newspaper’s ombudsman, Jacqueline Smith, said she had been given no reason for her dismissal. Source link
Two Litigation Partners Depart Paul Weiss
Kannon Shanmugam and Masha Hansford are the latest in a string of litigators who have left the influential New York law firm. Source link
Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan
Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It’s the second round of cuts this year. Source link
New Gene Therapy Enables Children With a Rare Form of Deafness to Hear
The treatment, the first of its kind, was approved by the Food and Drug Administration on Thursday. “Our baby was born deaf, and now he can hear,” said one parent. Source link