Pierre Bien-Aimé

The Supreme Court majority didn't address that question.

The tariffs before the Supreme Court represented a big majority of Trump's duties.

He had declared overdose deaths from fentanyl and persistent annual trade deficits to be national emergencies that justified the new trade policy.

U.S.

gross domestic product grew at a 1.4 percent annual rate in 2025's final quarter, falling short of the growth expected by economists.

GDP measures the value of all goods and services produced in the economy.

The fourth quarter figure was weighed down by last fall's record-long government shutdown and slower consumer spending.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

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Here's your midday brief for Friday, February 13th.

I'm Pierre Bien-Aimé for The Wall Street Journal.

Inflation slowed to 2.4% in January, falling more than economists expected.

The Labor Department said prices fell for gasoline and used vehicles.

But costs for services rose at their fastest monthly clip in a year.

Prices overall are growing more slowly, a good signal for the economy, along with a better-than-expected jobs report earlier this week.

The reports taken together suggest that the Federal Reserve will stick with its wait-and-see approach to cutting interest rates.

In Dubai, the CEO of ports operator DP World, who was named in the Epstein files, has resigned.

And we exclusively report that Anthropic has added former Microsoft and General Motors executive Chris Liddell to its board of directors, as the AI startup considers an IPO.

As chief financial officer at GM, Liddell led the carmaker's successful $23 billion IPO in 2010.