Good morning. Ten large companies are under the spotlight while the Trump administration continues its repression of advice. Bi has been made on the receipts of the Doges and found that a company has taken the most heat so far: Dowelly.
In today’s big history, it’s the morning after Trump’s “liberation day” – and some countries were hit the others. Some say they are Prepared to fight back.
What’s on deck
Markets: Tesla’s stock jumped after a report that Elon Musk could soon be out of the white house.
Technology: A tool that Google Deepmind uses to maintain an advantage in AI talented wars? Aggressive non-concrete rules.
Business: America’s largest companies are Locating pride parades.
But first, who hit Trump the most?
If you were sent to you, Register here.
The great story
Blitz Price
Brendan Smialowski / AFP via Getty Images
Prices for the “Liberation Day” distant from President Donald Trump have been revealed.
They were so far that they hit a Collection of remote antarctic islands Inhabited only by penguins, sea birds and seals.
New prices involve a 10% levy on Almost all imported productsWith higher samples from certain individual countries. Trump said the prices were “about half” of the prices that these countries impose on American goods.
Here are some of the countries struck by the highest reciprocal rates:
- Cambodia: 49%
- Vietnam: 46%
- Sri Lanka: 44%
- Bangladesh: 37%
- Thailand: 36%
- China: 34%. It is above the existing Price 20% on Chinese products.
There were two surprising omissions of Trump’s announcement: Mexico and Canada (although previous 25% rates remain in place). Bi explained why.
Wall Street, meanwhile, fell into trading after working hours. The term contracts on S&P 500 fell up to 4%, while the Nasdaq 100 term contracts dropped by more than 4.7%. Read the complete reaction of the global market here.
Trump’s prices are aimed at stimulating long -term American manufacturing. In the short term, Americans may have to pay higher prices for many goods, from clothing imported from Asia to the wines shipped from France.
You could also feel the effects in the grocery store with Mark Cuban advises people to fill up on consumables now: “From soap toothpaste, everything you can find a storage space, buy before they reconstruct the inventory.”
It is a trade war – and it is unlikely that it is the end. Other countries already say They will retaliate.
3 things on the markets
Elon Musk has reintegrated Tesla and SpaceX far from Delaware. Samuel Corum / Getty images
1. Tesla’s actions increased to close 5% after an Elon Musk report could be out of the White House. Investors have applauded The possibility of recovering Tesla’s CEO after the Politico report.
2. bet on the United States, says a veteran analyst. Ed Yardeni thinks that American actions could in fact benefit from one of the worst scenarios of Trump prices. He highlighted several reasons for the United States to find his High -end market status If a global recession is triggered.
3. “Mini private equity” at one point. Young entrepreneurials flock search for fundswho seek to buy and develop small businesses. It is popular among MBAs and young professionals looking for success in a labor market in white collar without security.
3 things in technology
Getty Images; Jenny Chang-Rodriguez / Bi
1. The weapon of Google Deepmind in the AI talented wars. The company uses aggressive non-competition agreements It lasts as long as a year for some British staff, four former BI employees said. Essentially, Google prefers to give certain employees a year of paying vacation than to make them work for a competitor.
2. The twenty years go for Palantir’s health affairs. Four years ago, the dollar $ 193 billion data giant launched his health activity with Jeremy David, aged 25, and designed Goldstein at the helm. Now David says health care compensates 15% of Palantir income.
3. Testimony in the Chinese Meta investigation. Legislators are investigating business relations with China, which the former executive Sarah Wynn-Williams described in his book. But his lawyer told Bi that Meta Meta’s emergency arbitration decision prevents him from talking to the members of the Congress.
3 things in business
In Byd Senelion 7 exhibited at an airport in Warsaw, Poland, in February 2025. Aleksander Kalka / Nurphoto / Getty Images
1. While Tesla struggles, the BYD sales storm to come. Tesla’s Chinese rival had Another spectacular districtWith sales jumping 60%. This is the second successive trimester byd has exceeded Tesla, and an increasing part of its sales comes from the outside of China.
2. American companies are on the rainbow. In the past, the complaint was often that the month LGBTQ + Pride was too many business. This year, Trump’s anti -dei position and threats of remuneration have anxious companies – and They react accordingly.
3. Bye-bye, bonus. Some Macy leaders will have to reimburse $ 600,000 After an accounting error, inflated their bonuses. The retailer overestimated the profits of $ 81 million in 2023, which influenced the high payments that managers received next year.
In other news
What’s going on today
- US Secretary of State Marco Rubio arrives in Brussels for NATO talks.
- Large screen success price.
Today’s initiate team: Dan Defrancesco, editor -in -chief and anchor, in New York (on parental leave). Hallam Bullock, editor -in -chief, in London. Nathan Rennolds, publisher, in London. Grace Lett, publisher, in Chicago. Amanda Yen, assistant editor, in New York. Lisa Ryan, editor -in -chief, in New York. Meghan Morris, head of the assistant office, in Singapore. Ella Hopkins, assistant editor, in London. Elizabeth Casolo, stock market, in Chicago.