Markets, Tariffs, and Trump's Influence

The provided texts highlight various business and economic developments, often influenced by political actions. Amazon is restructuring its audio division, leading to layoffs in its Wondery unit and the departure of its CEO, aiming for better team alignment and an optimized structure for creators and advertisers. Separately, American Eagle's stock surged after President Trump praised their controversial ad campaign featuring Sydney Sweeney, despite earlier criticism for its perceived sexism. Economically, the US collected a record $29 billion in July tariff revenues, with new tariffs set to take effect, raising concerns about increased consumer prices, and the Trump administration has faced criticism for asserting more control over information, exemplified by the firing of the labor statistics chief after a weaker-than-expected jobs report. In the tech sector, Tesla awarded Elon Musk a new $29 billion pay package amidst an ongoing legal battle over a previous one, as the company pivots towards AI and robotics, while other companies like Firefly Aerospace and Bullish are seeking significant valuations in IPOs. Lastly, JFK Airport's new $9.5 billion international terminal is nearing its first phase opening, part of a larger $19 billion overhaul to modernize the airport's infrastructure.

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