Luke Vargas

This month, Harvard issued $750 million in the bond market that it could use to free up cash flow should it be unable to reconcile with the task force. New filings by the Commerce Department show the Trump administration opened tariff investigations into pharmaceutical products and semiconductors on April 1st, potentially teeing up additional duties.

This month, Harvard issued $750 million in the bond market that it could use to free up cash flow should it be unable to reconcile with the task force. New filings by the Commerce Department show the Trump administration opened tariff investigations into pharmaceutical products and semiconductors on April 1st, potentially teeing up additional duties.

Both investigations are broad and are being carried out under the Trade Expansion Act of 1962, which allows the president to impose tariffs on goods deemed essential for national security. President Trump has indicated that around 25 percent tariffs on the sectors are forthcoming after he previously exempted some semiconductors and other electronic products from separate reciprocal tariffs.

Both investigations are broad and are being carried out under the Trade Expansion Act of 1962, which allows the president to impose tariffs on goods deemed essential for national security. President Trump has indicated that around 25 percent tariffs on the sectors are forthcoming after he previously exempted some semiconductors and other electronic products from separate reciprocal tariffs.

Meanwhile, Asian auto stocks closed higher today after President Trump said he was considering short-term tariff exemptions to help car companies looking to move components manufacturing to the U.S.

Meanwhile, Asian auto stocks closed higher today after President Trump said he was considering short-term tariff exemptions to help car companies looking to move components manufacturing to the U.S.

Trump didn't offer any specifics, potentially adding to confusion within the auto industry, which imports about 7.5 million vehicles into the U.S. each year. Journal Auto's reporter Ryan Felton says that when Trump enacted a 25% tariff on vehicle imports last month, he gave automakers some relief in the form of a U.S. content deduction.

Trump didn't offer any specifics, potentially adding to confusion within the auto industry, which imports about 7.5 million vehicles into the U.S. each year. Journal Auto's reporter Ryan Felton says that when Trump enacted a 25% tariff on vehicle imports last month, he gave automakers some relief in the form of a U.S. content deduction.

But the weeks on, industry executives remain puzzled over how to collect it on certain of the 20,000 to 30,000 parts in the average vehicle.

But the weeks on, industry executives remain puzzled over how to collect it on certain of the 20,000 to 30,000 parts in the average vehicle.

A White House spokesman said the Commerce Department was working on a process for automakers to seek approval and begin taking advantage of the U.S. content deduction as soon as possible, but did not give a timeline.

A White House spokesman said the Commerce Department was working on a process for automakers to seek approval and begin taking advantage of the U.S. content deduction as soon as possible, but did not give a timeline.

In other markets news, after announcing emergency support measures for its auto sector last week, South Korea today said it's preparing roughly $23 billion in government support for the chip sector as it faces U.S. tariff pressure. Semiconductors made up about 20 percent of the country's exports in 2024, led by homegrown firms like Samsung and SK Hynix, a key partner to NVIDIA.

In other markets news, after announcing emergency support measures for its auto sector last week, South Korea today said it's preparing roughly $23 billion in government support for the chip sector as it faces U.S. tariff pressure. Semiconductors made up about 20 percent of the country's exports in 2024, led by homegrown firms like Samsung and SK Hynix, a key partner to NVIDIA.

The funds will cover infrastructure construction costs, low-interest loans to companies, and worker recruitment.

The funds will cover infrastructure construction costs, low-interest loans to companies, and worker recruitment.

We are exclusively reporting that Netflix aims to achieve a $1 trillion market cap and double its revenue in five years, according to people present at the streaming giant's annual business review last month, where executives also shared ambitious plans to earn about $9 billion in global ad sales by 2030. The streaming giant is set to report quarterly results on Thursday.

We are exclusively reporting that Netflix aims to achieve a $1 trillion market cap and double its revenue in five years, according to people present at the streaming giant's annual business review last month, where executives also shared ambitious plans to earn about $9 billion in global ad sales by 2030. The streaming giant is set to report quarterly results on Thursday.

And speaking of earnings, the likes of Bank of America, Citigroup, Albertsons and United Airlines are reporting results today. Also in focus, Boeing. Its stock fell pre-market after a report from Bloomberg that Beijing told Chinese airlines to stop taking delivery of the U.S. company's planes.

And speaking of earnings, the likes of Bank of America, Citigroup, Albertsons and United Airlines are reporting results today. Also in focus, Boeing. Its stock fell pre-market after a report from Bloomberg that Beijing told Chinese airlines to stop taking delivery of the U.S. company's planes.