President Trump’s sweeping tariffs on goods imported from almost every foreign nation have been ruled illegal by the U.S. Court of International Trade, marking a setback for the president’s trade agenda — and adding another level of uncertainty for U.S. consumers and businesses. The Wednesday ruling from the court halted the tariffs Mr. Trump assessed on virtually […]
Stock market futures jump after court halts most Trump’s tariffs
Stock futures are jumping after a federal court late Wednesday froze most of the tariffs the Trump administration has imposed on U.S. trading partners. The U.S. Court of International Trade ruled President Trump had overstepped his legal authority in assessing a 10% levy in an April 2 barrage of tariffs he referred to as “Liberation […]
Trump administration yanks Moderna’s bird flu vaccine research funding even as company reports promising test results
The Trump administration has canceled $766 million awarded to drugmaker Moderna Inc. to develop a vaccine against potential pandemic influenza viruses, including the H5N1 bird flu. The company said it was notified Wednesday that the Health and Human Services Department had withdrawn funds awarded in July 2024 and in January to pay for development and […]
Harvard Prof.: ‘Reasonable’, ‘Prudent’ for Trump Admin. to Ask for List of Foreign Students, Even Thought Most Are Good
On Wednesday’s broadcast of the Fox News Channel’s “Fox & Friends First,” Harvard Professor of Bioengineering and Applied Physics Kit Parker said that it’s best if the Trump administration and Harvard’s administration meet and try to resolve the conflict between the two and the Trump administration’s request for a list of foreign students is “perfectly […]
Social Security plans to add artificial intelligence to phone systems, commissioner says
New York City — Frank Bisignano, commissioner of the Social Security Administration, told CBS News that he believes technology, and specifically artificial intelligence, could be the key to improving his agency’s customer service, despite recent changes that have prompted concern among some of the nearly 69 million Americans that receive Social Security each month. “We’re […]
Judge directs Trump officials to lift pause on certain immigration applications
A federal judge in Massachusetts on Wednesday ordered the Trump administration to lift a pause it imposed on various immigration applications, saying it was not in the public interest for hundreds of thousands of immigrants to lose their legal status in the U.S. The ruling by U.S. District Court Judge Indira Talwani is a reprieve for […]
Court strikes down Trump’s tariffs, ruling them illegal
Toymaker sues Trump over tariffs Toymaker sues Trump administration over tariffs, claiming they overreach authority 03:02 A federal court on Wednesday froze many of the large-scale tariffs imposed by President Trump on virtually every foreign nation, ruling the levies exceed the president’s legal authority. The ruling — issued by a panel of judges on the […]
Can Trump give Harvard’s funding to trade schools? Education experts say it may not be that easy.
President Trump on Monday said he’s weighing whether to redirect $3 billion in grant money for Harvard University to trade schools across the U.S., but education experts say that process faces significant obstacles. Mr. Trump’s comment, which was made on social media, comes as he escalates his attacks on the Ivy League school. Last week, the Trump […]
JD Vance speaking at Bitcoin event today, as Trump administration’s crypto ties grow
Vice President JD Vance is speaking Wednesday at a Bitcoin conference, marking the Trump administration’s latest overture to the cryptocurrency industry — a once-fringe business that President Trump and his allies have embraced in recent months. Vance is set to speak at noon ET at the Bitcoin 2025 Conference in Las Vegas. A longstanding backer […]
Elon Musk says he’s “disappointed” by Trump’s “big, beautiful bill” and what it means for DOGE
Elon Musk says he is “disappointed” by the price tag on the domestic policy bill passed by Republicans in the House last week and heavily backed by President Trump, the billionaire who recently stepped back from running the Department of Government Efficiency, or DOGE, told “CBS Sunday Morning” in an exclusive broadcast interview. “I was […]