Senator Mark Warner warns that Trump's extension for ByteDance to divest TikTok's U.S. assets may violate the 2024 law and jeopardize national security.
Industry
China Responds to US Tariff Surge With 125% Duties on American Goods
China raises tariffs on U.S. goods to 125% in response to new American trade duties, escalating tensions.
Versace Joins Prada in Major Luxury Merger to Rival French Conglomerates
Prada acquires Versace in a landmark merger, strengthening Italy's presence in the global luxury fashion market.
US-China Trade War: Amazon's Products Expected to Rise as Chinese Sellers Suffer 145% Tariff
Amazon shoppers may face higher prices as Chinese sellers respond to new 145% U.S. tariffs by raising costs or exiting the market.
Novartis Plans $23 Billion US Buildout as Pharma Faces Pressure From Trump
Novartis plans a $23 billion U.S. expansion to boost drug production and counter potential import tariffs.
Latest News
Trump orders a new review of Nippon Steel's $14.9 billion acquisition of U.S. Steel after Biden blocked the deal over national security concerns.
China retaliates with 34% tariffs on U.S. goods in response to President Trump's recent tariff moves, escalating the trade war between the two nations.
Jaguar Land Rover halts US shipments in response to new 25% tariffs, as the British auto industry faces growing challenges.
The Supreme Court upholds the FDA's ban on flavored vaping products, citing concerns over youth addiction and public health.
Amazon makes a surprise bid to acquire TikTok as the U.S. ban deadline approaches, shaking up the battle for the popular video app.
GM and Hyundai sales surged as consumers rushed to buy cars before Trump's 25% auto tariffs take effect on April 3.
Over 212,000 pounds of liquid egg products have been recalled due to possible contamination with a cleaning solution.
Hooters files for bankruptcy, plans to sell corporate-owned locations to franchisees while aiming for a financial turnaround.
FCC investigates Disney and ABC over potential violations of equal employment opportunity regulations regarding DEI practices.
