Author: Marketplace

From the BBC World Service: Apple has called for the European Union's antitrust watchdogs to scrap some of its tech regulations, which it says lead to a worse experience for users. It's not the first time Apple has voiced its opposition to Europe's Digital Markets Act. We hear more. Plus, China has — for the first time — set a target for reducing carbon emissions. And, a Dutch village famous for its windmills is planning to charge visitors to see them.

The EV tax credit expires September 30, and Americans have been rushing to take advantage before the deadline. But according to reporting from Marketplace’s Henry Epp, many dealerships are facing new friction when processing tax credits with the IRS.

Marketplace’s Nova Safo spoke with Epp about the new IRS requirements and how dealerships are handling the changes.

Disney’s streaming platforms — Disney+, Hulu, and ESPN — will see price hikes come October 21. They aren’t alone. As the streaming wars escalate, companies have switched focus to profit over customer volume, while consumers whittle down their subscriptions. Also in this episode: A soybean farmer faces trade war realities, manufacturers pour cash into new equipment, and Warren Littlefield, producer of “Fargo," “The Handmaid’s Tale” and more discusses the TV business with Kai.

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Every fall for about three decades, the U.S. Department of Agriculture comes out with a report assessing food security across the country. We'll get the latest in a month, but it will be the last. The USDA is terminating the annual report, saying it was “politicized.” Researchers, however, say it was vital. Also on the show: no sure thing on the future of interest rates and the costs for Chinese adoptees to search for their birth family.

After being pulled by ABC, Jimmy Kimmel's late-night show returned to TV last night. Thing is, station groups Nexstar and Sinclair — which control ABC affiliates that reach about 20% of the country — opted out. Nexstar is working on a $6 billion merger with Tegna, awaiting Trump administration approval. All of this highlights a widening gap between big TV networks and local station owners. And later: If Republicans and Democrats on Capitol Hill can’t reach a deal, many federal agencies will close a week from today.

From the BBC World Service: After nearly a decade of negotiations, the European Union and Indonesia have agreed to a trade deal, in part to offset some of the effects of Trump's tariffs. Then, Nigeria has cut interest rates for the first time in five years. Plus, India has reduced taxes on everyday items to counteract the effects of U.S. tariffs, and the UK government says it saved around $600 million last year using artificial intelligence to combat fraud.

Tony Pietrocola, president of the cybersecurity company AgileBlue, says cybercriminals are using artifical intelligence to generate deepfake video and audio calls, making the cyber threats more sophisticated and harder to catch.

Newly appointed Fed governor Stephen Miran has argued the federal funds rate should be a full two percentage points lower than its current level. A major cut like that could lower bond yields and reduce borrowing costs, spurring spending. But longer-term, inflation would likely balloon. After that: Auto dealers face new obstacles as EV tax credits end, a traveling nurse navigates frequent moves, and U.S. economic growth is “more resilient than expected," according to an OECD report.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

President Trump is not a fan of the United Nations—he made that clear in his speech to the United Nations General Assembly today. Under Trump, the United States has pulled back from several efforts, including U.N. organizations, that have contributed to the country’s so-called soft power goals. On the show today, Joshua Eisenman, professor of politics in the Keough School of Global Affairs at the University of Notre Dame, joins Kimberly to discuss the changing role of the U.S. in global politics and how China is seizing this moment to gain more influence.

Here’s everything we talked about today:

• "Trump tells UN in speech that it is 'not even coming close to living up' to its potential" from AP News
• "Geopolitics of Trump Tariffs: How U.S. Trade Policy Has Shaken Allies" from Council on Foreign Relations
• "How China Stands to Gain as the U.S. Steps Away From the U.N." from The New York Times

• "The Global South Won't Give Up on China" from Foreign Relations

  
  

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Economist Stephen Miran is now temporarily on the Federal Reserve's Board of Governors. Miran wants steeper rate cuts, arguing that stricter controls at the borders and deportations will free up housing, make it less expensive, and keep a lid on inflation at a time of tariffs. We'll discuss what the data says about his claims. Also: growing threats to undersea data cables and an update on the cyberattack affecting Jaguar and Land Rover production.