Luke Vargas

will now require a license for exporting the company's H2O processors to China and other countries. According to a company filing, the government informed NVIDIA on Monday that the new requirement would be in place indefinitely. The H20 chips have far less processing power than NVIDIA's top-of-the-line processors and were designed to enable sales of AI chips to China to comply with U.S.

will now require a license for exporting the company's H2O processors to China and other countries. According to a company filing, the government informed NVIDIA on Monday that the new requirement would be in place indefinitely. The H20 chips have far less processing power than NVIDIA's top-of-the-line processors and were designed to enable sales of AI chips to China to comply with U.S.

export controls. Transportation bellwether J.B. Hunt, the first U.S. freight operator to report earnings this quarter, has logged lower first-quarter profit and revenue as the sector continues to struggle with weak demand and excess capacity.

export controls. Transportation bellwether J.B. Hunt, the first U.S. freight operator to report earnings this quarter, has logged lower first-quarter profit and revenue as the sector continues to struggle with weak demand and excess capacity.

The trucking company said import volumes picked up at the beginning of the year as firms rushed in inventory to get ahead of tariffs, but that activity has since slowed as retailers reduce new orders as they await clarity on duties. And on deck today, U.S. retail sales figures for March are due at 8.30 a.m. Eastern, with Fed Chair Jerome Powell set to discuss the economic outlook at 1.30 p.m.

The trucking company said import volumes picked up at the beginning of the year as firms rushed in inventory to get ahead of tariffs, but that activity has since slowed as retailers reduce new orders as they await clarity on duties. And on deck today, U.S. retail sales figures for March are due at 8.30 a.m. Eastern, with Fed Chair Jerome Powell set to discuss the economic outlook at 1.30 p.m.

And the Bank of Canada is set to make its latest interest rate decision after seven consecutive cuts since last June. Economists narrowly forecast that it will leave its benchmark rate unchanged after wrestling down inflation, though several said U.S. trade policy moves require another cut. And that's it for What's News for this Wednesday morning. Today's show was produced by Kate Bullivan.

And the Bank of Canada is set to make its latest interest rate decision after seven consecutive cuts since last June. Economists narrowly forecast that it will leave its benchmark rate unchanged after wrestling down inflation, though several said U.S. trade policy moves require another cut. And that's it for What's News for this Wednesday morning. Today's show was produced by Kate Bullivan.

Our supervising producer was Daniel Bach. And I'm Luke Vargas for The Wall Street Journal. We will be back tonight with a new show. Until then, thanks for listening.

Our supervising producer was Daniel Bach. And I'm Luke Vargas for The Wall Street Journal. We will be back tonight with a new show. Until then, thanks for listening.

Thank you.

Thank you.

The Trump administration freezes billions in funding for Harvard, widening its fight with the nation's wealthiest university. Plus, confusion in Detroit as automakers struggle to claim tariff relief on U.S. source products. And Xi Jinping embarks on a global charm offensive, hoping to draw contrasts with American protectionism.

The Trump administration freezes billions in funding for Harvard, widening its fight with the nation's wealthiest university. Plus, confusion in Detroit as automakers struggle to claim tariff relief on U.S. source products. And Xi Jinping embarks on a global charm offensive, hoping to draw contrasts with American protectionism.

It's Tuesday, April 15th. I'm Luke Vargas for The Wall Street Journal. And here is the AM edition of What's News, the top headlines and business stories moving your world today.

It's Tuesday, April 15th. I'm Luke Vargas for The Wall Street Journal. And here is the AM edition of What's News, the top headlines and business stories moving your world today.

The Trump administration is freezing more than $2 billion in federal grant and contract funding for Harvard University after the school resisted demands to change its governance structure over campus anti-Semitism concerns. An administration task force had demanded Harvard enact a mask ban and DEI programs and change classroom instruction to, among other things, improve viewpoint diversity.

The Trump administration is freezing more than $2 billion in federal grant and contract funding for Harvard University after the school resisted demands to change its governance structure over campus anti-Semitism concerns. An administration task force had demanded Harvard enact a mask ban and DEI programs and change classroom instruction to, among other things, improve viewpoint diversity.

Harvard's president issued a letter yesterday rejecting those demands, leading the Trump administration to announce the funding freeze hours later. The government has couched the withholding of funding as an effort to uphold civil rights laws, while lawyers for Harvard say its demands violate the First Amendment and ignore due process.

Harvard's president issued a letter yesterday rejecting those demands, leading the Trump administration to announce the funding freeze hours later. The government has couched the withholding of funding as an effort to uphold civil rights laws, while lawyers for Harvard say its demands violate the First Amendment and ignore due process.