Trump to Hike Tariffs on EU Cars to 25% in Sharp Trade Escalation
Trump accuses EU of ’not complying’ with trade deal, announces tariff increase on European cars and trucks from 15% to 25%, and urges European automakers to build in the US.
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Trump Tells Congress Ceasefire Means He Does Not Need Authorization for Iran War
Trump writes to Congress that hostilities with Iran ‘have terminated’ due to the ceasefire, arguing he does not need congressional authorization under the War Powers Resolution.
💰 Trump Announces Tariff Hike on EU Cars from 15% to 25%
US President Trump announced he will raise tariffs on EU imported cars from the current 15% to 25%, escalating transatlantic trade tensions.
FDA Grants Expanded Early Access to Pancreatic Cancer Drug Daraxonrasib
The U.S. FDA approves expanded early access for the experimental pancreatic cancer drug daraxonrasib, offering new hope for late-stage patients.
Trump Signs Executive Order Expanding Cuba Sanctions, Citing Iran Ties as Threat to U.S. Security
Trump signs an executive order on May 1 expanding sanctions against the Cuban government and its affiliates, specifically citing Cuba’s relationship with Iran as a threat to U.S. national security.
🍽️ UK Restaurant Chain The Real Greek on Brink of Collapse, 28 Outlets at Risk
The Real Greek, a well-known Mediterranean-style restaurant chain in the UK, is set to enter administration with all 28 outlets at risk of closure, highlighting the severe pressures facing Britain’s hospitality sector.
✈️ Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart
Spirit Airlines is preparing to shut down operations after its rescue deal collapsed, marking the end of a major restructuring effort for the US ultra-low-cost carrier.
Trump Tells Congress Iran Hostilities Have 'Terminated' as War Powers Deadline Hits
Trump notifies Congress that hostilities with Iran have ’terminated’ as the 60-day War Powers Resolution deadline expires, a move widely seen as a legal maneuver to sidestep congressional authorization requirements.
Israel Intercepts Gaza Aid Flotilla, Activists Taken to Crete
The Israeli navy intercepted the international Gaza aid flotilla, with activists transferred to Crete, Greece. Two activists were taken to Israel for questioning, sparking strong international reactions.
Nvidia Stock Plunges as Google and Amazon's In-House AI Chips Spark Competition Fears
Nvidia stock tumbles as investors worry about intensifying competition from Google and Amazon’s in-house AI chip development, challenging the $4.9 trillion chip giant’s dominance.