China Is Running Out of U.S. Goods to Tariff, But It Has Other Trade War Weapons to Unleash

When President Donald Trump suddenly hiked tariffs on $200 billion worth of Chinese imports last week, China said it would respond with “necessary countermeasures.” But then it announced a tariff increase on just $60 billion of U.S. goods. China simply doesn’t import enough from the U.S. to match tariffs “tit-for-tat,” hence the $140 billion shortfall […]

The Trumps vs. de Blasio on NYC Crime

President Donald Trump and his son Eric both took shots this week at New York City Mayor Bill de Blasio, saying crime has risen in the city under his leadership. That’s wrong, according to crime data kept by the New York Police Department. Major felony offenses have dropped every year de Blasio has served as […]

Trump’s Energy Errors

President Donald Trump clearly supports the oil and gas industry, but he made several false and misleading boasts about his impact on the energy sector. The president suggested that a change in federal policy was responsible for a newly operational natural gas export terminal, saying past leaders’ “anti-American energy” policies had led the company to […]

CBS Still Has Starz in Its Eyes

CBS’s seemingly inexorable march toward acquiring Viacom may take a detour. The company recently talked to Lions Gate Entertainment about buying that company’s Starz cable network, according to people familiar with the matter, a deal that could happen alongside a potential purchase of Viacom. CBS made an informal bid of about $5 billion that was […]

Brainstorm Health: Drugstore as Doctor, Social Media and Suicide Spike, Missouri Abortion Ban

AbbVie faces setback for brain cancer drug hopeful. Glioblastoma, among the most intractable of cancers, has felled yet another drug hopeful. This time, the victim is biotech giant AbbVie’s depatuxizumab mafodotin, or ABT-414, which failed to show any survival benefit against the aggressive brain cancer in a late-stage study. The fact that a brain cancer drug […]

U.S. Tariff Deal with Mexico, Canada Is Also About Cutting Off China’s Steel

The U.S. has reached an agreement to drop steel and aluminum tariffs on the two countries in return for preventing Chinese steel from coming over their borders into the U.S. In a speech before the National Association of Realtors, President Trump said, “I’m pleased to announce that we’ve just reached an agreement with Canada and […]

Meme Distorts Gillibrand’s Immigration Idea

Quick Take Sen. Kirsten Gillibrand has not proposed giving Social Security benefits to “illegal aliens,” as a popular meme claims. She wants to overhaul the immigration system to give individuals in the U.S. illegally a way to become citizens and collect benefits after paying into Social Security. Full Story At a campaign stop in Davenport, […]

Tesla Shares Drop 7.6%, the Stock’s Lowest Level Since December 2016

Tesla shares closed at the lowest level in almost 2 1/2 years after Elon Musk called for a “hardcore” review of all the electric-car maker’s expenses and an analyst warned of potentially severe fallout from a fatal crash involving Autopilot. Musk, Tesla’s chief executive officer, wrote in an email to staff late Thursday that he […]

Mnuchin Rejects House Subpoena for Trump’s Tax Returns

Treasury Secretary Steven Mnuchin rejected House Ways and Means Chairman Richard Neal’s subpoena for six years of President Donald Trump’s personal and business tax returns. Now, Neal will likely turn to the courts, embarking on a lengthy battle that could help define Congress’ powers to oversee the executive branch.In a letter denying Neal’s subpoena, Mnuchin […]

World’s Top Fashion Houses Clash Over Underage Model Ban

The world’s leading luxury fashion houses are clashing over the ethics of using models under 18 years old in photo shoots and fashion shows. Kering SA—the owner of Gucci, Alexander McQueen, Balenciaga, and Saint Laurent—has announced a pledge to stop hiring models under 18 to “represent adults” on the runway and in advertising campaigns starting […]