GOP-Led House rejects President Trump's Canada tariffs

2.731 - 23.052 Luke Vargas

Here is your Morning Brief for Thursday, February 12th. I'm Luke Vargas for The Wall Street Journal. Six House Republicans have joined Democrats in rejecting President Trump's tariffs on Canada. Immediately after the vote, Trump said that Republicans who broke rank would suffer consequences come election time. The move is largely symbolic.

23.593 - 44.776 Luke Vargas

Even if the resolution clears the Senate, President Trump would almost certainly veto it. Nevertheless, Democrats are planning more anti-tariff votes targeting U.S. levies on Brazil and other countries. There are fresh signs that international pressure on Russia's oil industry is having an effect, as dozens of tankers filled with Russian oil float at sea without buyers.

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Deeply discounted prices are piling up the pressure on Moscow's finances, with Russia's main grade of fuel now trading at $27 below the international benchmark Brent, a record discount.

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Crucially, the price tag is significantly below the price that Russia needs to be able to balance its fiscal budget this year. And Elon Musk has announced a reorganization of his AI startup, XAI. The move comes just days after he merged it with his rocket and satellite company, SpaceX. The changes include parting ways with two of XAI's co-founders and comes amid rapid growth at the company.

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According to Musk, the X app now has an average 600 million monthly users.