Trump’s tariffs kick into higher gear

Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an ...  Show more

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiri ...  Show more

Trump issues revised tariff orders. (00:21) Reddit's (RDDT) results topper, robust forecast drive shares higher. (01:49) Palantir (PLTR) lands enterprise deal worth up to $10B from U.S. Army. (02:58)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers Friday: ...  Show more

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China slapped tariffs on a range of US products and announced a probe into Google moments after President Donald Trump imposed a 10% tariff on goods from Beijing, reigniting a trade war ...  Show more

First: Trade war. Trump slaps sweeping new tariffs on American adversaries and friends. Former Treasury Secretary Larry Summers on what it means for you. Plus: The political blowback and another dizzying week. Trump unveils a strict hiring freeze and FBI purge and a botched fund ...  Show more

On today's podcast: 1) President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and floated further duties on the EU and Canada, expanding a trade war and triggering threats of retaliation.  2) Donald Trump’s planned tariffs on auto imports will hurt ...  Show more