Trump administration nixes plan to cover anti-obesity drugs through Medicare
President Trump’s predecessor, Joe Biden, proposed a rule in late November after Trump won re-election that would have extended coverage of drugs like Zepbound and Wegovy.
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Trump extends TikTok deadline another 75 days
The administration said it needs more time to broker a deal to bring the social media platform under American ownership.
Wall Street heavyweights take a drubbing, from airlines to Big Tech
Few sectors were spared in trading Friday, a day after U.S. companies lost $2 trillion in value.
Federal Reserve chief says tariffs likely to raise inflation, slow economic growth
Federal Reserve Chair Jerome Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months.
U.S. added 228,000 jobs in March, nearly doubling expections
The unemployment rate rose modestly but for what economists consider a good reason: 232,000 people entered the labor force.
China to impose a 34% tariff on imports of all US products
The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese exports that President Donald Trump ordered this week.
What to know about tariffs after Trump launches trade war
Goods imported from dozens of countries and territories are now going to be taxed at sharply higher rates, and that is expected to drive up the costs of everything from cars to clothes to computers.
Pence to get Profile in Courage Award from JFK Library Foundation
The award will recognize former Indiana Gov. Mike Pence “for putting his life and career on the line to ensure the constitutional transfer of presidential power on Jan. 6, 2021,” the JFK Library Foundation said.
New IU basketball coach DeVries to make $27M-plus over 6 years
Darian DeVries’ annual average salary of $4.5 million would have been fourth among Big Ten Conference basketball coaches last season
UPDATE: Trump announces sweeping tariffs to promote US manufacturing, risking inflation and trade wars
President Donald Trump on Wednesday announced a baseline tax on imports from all countries, as well as what he called “reciprocal” tariffs on dozens of nations that run trade surpluses with the U.S.
Amazon makes last-minute bid for TikTok as ban looms
Although it’s unclear if ByteDance plans to sell TikTok, several possible bidders have come forward in the past few months.
No batteries? Thinner packaging? Businesses look for ways to offset tariffs.
Instead of passing price increases to customers, some companies are exploring cost-cutting options.
Quarterly Tesla sales drop 13% as Musk backlash, aging models hurt demand
Analysts are still not sure exactly how much the fall in sales is due to the protests or other factors. Electric car sales have been sluggish in general.
Automakers report stellar sales ahead of tariffs taking effect
The major car companies say sales rose sharply in March, with most reporting double-digit gains.
With TikTok ban looming, Trump signals deal will come before April 5 deadline
President Donald Trump will hold a Wednesday meeting with aides about possible investors who could buy a stake in TikTok.
In recruiting battle, lawmakers weigh whether to give college athletes tax break on NIL earnings
At least four states are considering giving college athletes tax breaks on endorsement income.
Restaurant chain Hooters files for bankruptcy protection
The chain known for chicken wings and its skimpy “Hooters Girls” wait-staff outfits has two local restaurants.
College coaches see game shifting beneath piles of NIL cash as March Madness arrives
Coach after coach, from Virginia’s Tony Bennett to Villanova’s Jay Wright, have walked away from college basketball, saying it no longer holds the appeal it once did.
Trump calls April 2 ‘Liberation Day’ for his tariffs. Here’s what to expect.
As the trade wars launched by U.S. President Donald Trump continue to escalate, all eyes are on Wednesday.
Supreme Court seems likely to side with Catholic Charities in religious-rights case
The justices suggested the Catholic Charities Bureau should not have to pay unemployment taxes because the work of the social services agency is motivated by religious beliefs.