Luke Vargas
👤 SpeakerAppearances Over Time
Podcast Appearances
Back in the U.S., we are reporting that White House and agency officials are pushing back against a bid by Health Secretary Robert F. Kennedy Jr. to label pesticides as harmful to health. There's concern the move would disrupt the food supply chain.
Back in the U.S., we are reporting that White House and agency officials are pushing back against a bid by Health Secretary Robert F. Kennedy Jr. to label pesticides as harmful to health. There's concern the move would disrupt the food supply chain.
People familiar with Kennedy's Make America Healthy Again report due out next week said it's expected to single out two problematic toxins, glyphosate, the active ingredient in Roundup made by Bayer, and atrazine, an herbicide used on grasses and corn.
People familiar with Kennedy's Make America Healthy Again report due out next week said it's expected to single out two problematic toxins, glyphosate, the active ingredient in Roundup made by Bayer, and atrazine, an herbicide used on grasses and corn.
It's not clear where President Trump stands on the issue, though he pledged to investigate pesticides on the campaign trail as part of an effort to win support from Kennedy's backers. The U.S. has scrapped its AI diffusion rule implemented under President Biden, which limited chip exports, claiming that it undermined diplomatic relations with friendly nations.
It's not clear where President Trump stands on the issue, though he pledged to investigate pesticides on the campaign trail as part of an effort to win support from Kennedy's backers. The U.S. has scrapped its AI diffusion rule implemented under President Biden, which limited chip exports, claiming that it undermined diplomatic relations with friendly nations.
The Trump administration said it aims to keep AI tech from adversaries, warning against using U.S. chips for Chinese AI models. Journal reporter Sherry Queen says the rule change benefits American AI players like Nvidia.
The Trump administration said it aims to keep AI tech from adversaries, warning against using U.S. chips for Chinese AI models. Journal reporter Sherry Queen says the rule change benefits American AI players like Nvidia.
NVIDIA's stock rallied in off-hours trading following the announcement. Microsoft is laying off thousands of employees, or around 3% of its workforce. The effort to become more streamlined impacts various divisions around the world and will result in fewer managers as the company focuses on high-performing teams. And turning to earnings, tariffs are still hurting forecasts of major companies.
NVIDIA's stock rallied in off-hours trading following the announcement. Microsoft is laying off thousands of employees, or around 3% of its workforce. The effort to become more streamlined impacts various divisions around the world and will result in fewer managers as the company focuses on high-performing teams. And turning to earnings, tariffs are still hurting forecasts of major companies.
As this morning, Japanese electronics giant Sony warned that annual profit is expected to drop 13 percent, even as its movie and music business boosted first quarter earnings. Similarly, Taiwanese electronics maker Foxconn also cut its forward guidance. That said, it still expects revenues to be higher than last year, thanks to its work building AI servers for U.S.
As this morning, Japanese electronics giant Sony warned that annual profit is expected to drop 13 percent, even as its movie and music business boosted first quarter earnings. Similarly, Taiwanese electronics maker Foxconn also cut its forward guidance. That said, it still expects revenues to be higher than last year, thanks to its work building AI servers for U.S.
tech giants like Amazon and Nvidia. Coming up, this week's tariff truce has lifted markets and kicked off a rush by businesses to place orders from China. But as global retailers tell me, their long-term outlook remains as uncertain as ever. That's after the break.
tech giants like Amazon and Nvidia. Coming up, this week's tariff truce has lifted markets and kicked off a rush by businesses to place orders from China. But as global retailers tell me, their long-term outlook remains as uncertain as ever. That's after the break.
To learn more about how retailers are coping with on-again, off-again U.S. tariffs, I stopped by the World Retail Congress taking place this week in London, where one word kept coming up.
To learn more about how retailers are coping with on-again, off-again U.S. tariffs, I stopped by the World Retail Congress taking place this week in London, where one word kept coming up.
The mood among manufacturers and retailers was more buoyant than I expected, thanks in large part to Monday's tariff rollback. But executives weren't ready to sound the all-clear. And there were two main reasons why. The first is that the aftershocks of Liberation Day are still being felt, even if China-U.S. trade is about to pick up.
The mood among manufacturers and retailers was more buoyant than I expected, thanks in large part to Monday's tariff rollback. But executives weren't ready to sound the all-clear. And there were two main reasons why. The first is that the aftershocks of Liberation Day are still being felt, even if China-U.S. trade is about to pick up.
Ian Bailey is the chairman of Anco Global, a product development company that sells over 1.5 billion items a year, primarily in Kmart stores across Australia. He told me that retailers that waited until this week's tariff news to place orders could be disappointed.
Ian Bailey is the chairman of Anco Global, a product development company that sells over 1.5 billion items a year, primarily in Kmart stores across Australia. He told me that retailers that waited until this week's tariff news to place orders could be disappointed.