World News
Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D
Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push…
Read More »IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this…
Read More »On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit
“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing. Pelley made his comments at the end of the evening’s CBS News telecast,…
Read More »Hasbro forecasts as much as $300 million impact if China tariffs don’t come down
If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged…
Read More »American liquor exports hit record high in 2024, driven by tariffs
U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. That is according to the American Spirits Exports report published by trade association the Distilled Spirits Council of the United States on Thursday. “U.S. spirits exports hit a new high…
Read More »Amazon and Nvidia say AI data center demand isn’t slowing
OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans. “There’s been really no significant change,” Kevin Miller, Amazon’s vice president…
Read More »Amazon and Nvidia say AI data center demand is not slowing down
OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans. “There’s been really no significant change,” Kevin Miller, Amazon’s vice president…
Read More »The trucking industry hits the brakes with tariffs set to dent imports
U.S. trucking is heading for a slowdown, with industry players fearing the “worst is yet to come” as tariffs start to crimp imports. Trucking volumes have plunged to near pre-pandemic levels, according to Craig Fuller, founder of the logistics industry publication FreightWaves. “With imports deteriorating, volumes are expected to fall…
Read More »Google forcing some remote workers to come back 3 days a week or lose their jobs
Five years removed from the onset of the Covid pandemic, Google is demanding that some remote employees return to the office if they want to keep their jobs and avoid being part of broader cost cuts at the company. Several units within Google have told remote staffers that their roles may be at risk…
Read More »Boeing CEO says China has stopped taking its aircraft amid trade war
Boeing could hand over some of its aircraft that were destined for Chinese airlines to other carriers after China stopped taking deliveries of its planes amid a trade war with the United States. “They have in fact stopped taking delivery of aircraft due to the tariff environment,” Boeing CEO Kelly Ortberg…
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