Category: 4-FrequentNewsStreams

The National Institutes of Health is the largest public funder of biomedical research in the world, but under the Trump administration, NIH is freezing funding to several universities, including Northwestern. One of the projects being delayed is cutting-edge research on ovarian and pancreatic cancer. Reset learns more about the effect of this freeze on patients and early career scientists with Josh Leonard, professor of chemical and biological engineering at Northwestern University. For a full archive of Reset interviews, head over to wbez.org/reset.

The remedy phase of one of the antitrust cases against Google wrapped up last week and the judge is expected to issue his decision by August on how the company must address its monopoly in search. One option suggested by the Justice Department: ban Google from paying browsers to make its search engine the default. But Mozilla, the developer of the independent Firefox browser, has opposed this remedy. Marketplace’s Meghan McCarty Carino spoke with Laura Chambers, CEO of the Mozilla Corporation, about how the move would be crippling for smaller browsers like theirs.

For the next 90 days, the two countries will temporarily ease tariffs on each other’s goods as trade talks continue. But what does this deal mean for the broader economy? Marketplace's Kai Ryssdal sits down with Adam Posen from the Peterson Institute for International Economics to discuss the damage that's already been done. Also on the show, how soybean farmers feel about the latest trade deal and why Chinese manufacturers are trying to reach American consumers via TikTok.

House Republicans’ newly released tax plan includes trillions in tax breaks. But those tax cuts will come at a cost. We’ll get into it. And, Apple plans to raise iPhone prices but won’t point fingers at President Trump’s tariffs. We’ll unpack how all the tariff chaos could lead to elevated prices, no matter what they actually cost companies. Plus, sci-fi escapism and Pope Leo XIV’s love of baseball make us smile.

Here’s everything we talked about today:

• "Exclusive | Apple Considers Raising iPhone Prices, Without Blaming Tariffs" from The Wall Street Journal 
• "With China tariffs on hold, will Americans stop stockpiling goods?" from Marketplace 
• "House GOP unleashes sweeping tax legislation" from Politico 
• "House tax writers eye SALT deduction cap rejected by key lawmakers last week" from The Hill
• "Why Tolkien thought "sub-creation" was the secret to great fantasy and science fiction" from Big Think 

• "Pope Leo asks fan 'Sox or Cubs?' as he signs a baseball" from The Chicago Sun-Times 

  
  

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Chicago’s newly passed “green social housing” ordinance creates a city-owned, nonprofit developer that will issue loans to companies that build eco-friendly homes. Reset breaks down what’s in the plan and gets thoughts on this approach from affordable housing advocates Daniel Kay Hertz of Impact for Equity and Courtney Hanson of People for Community Recovery. For a full archive of Reset interviews, head over to wbez.org/reset.

U.S. tariffs against China have been cut from 145% to 30% as part of a new 90-day trade deal. This is still higher than when President Donald Trump assumed office and could result in higher consumer prices and lower corporate profits. Also: Student loans follow some borrowers into retirement. The number of student borrowers over 62 rose by 59% from 2017 to 2023, and older borrowers are twice as likely to default than their younger peers.

From Apple to Audi, consumer goods companies have been reporting rising sales as consumers splurge on what they need before tariffs hit their pocketbooks. But that preemptive spending could cost consumers later down the line. Also on the show: $500 billion worth of goods are at stake in the temporary trade deal between the U.S. and China, and Trump administration policies have complicated the economic outlook for tribal nations.

From the BBC World Service: There's been a thaw in U.S.-China relations, with a 90-day deal to ease their escalating trade war. Both sides say they’ll cut tariffs by 115% — a big step, given that the U.S. was charging 145% on some Chinese goods. Plus, U.S. President Donald Trump will start his first foreign visit with a three-day Middle East tour this week. The economy will be high on the agenda.

There was a time not so long ago when it seemed like the most consequential conversations in our society were happening on social media. But as the digital commons spawned mobs, performative posturing and rage-baiting, a lot of those conversations went private. That's one takeaway from the recent Semafor report on the private group chats between tech titans, business leaders and public intellectuals. Marketplace’s Meghan McCarty Carino spoke with Amy Webb, founder and CEO of the Future Today Strategy Group, about the growth of what she calls the Splinternet.

As the Trump administration heads into a weekend of trade talks with Chinese officials, the President is floating a new tariff rate on Chinese imports: 80%. While it’s much lower than the current tariff rate of 145%, it’s still far too high for many businesses. We’ll get into it. And, a recent legal win for Epic Games could shake up Apple’s App Store. Plus, we’ll weigh in on mass producing orchids and going cashless during a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "DOJ, FTC open inquiry into the concert industry" from The L.A. Times 
• "Fortnite applies to launch on Apple's App Store after Epic Games court win" from CNBC 
• "How Apple Created a Legal Mess When It Skirted Judge’s Ruling" from The New York Times 
• "Ahead of China-US talks, Trump says 80% tariff 'seems right'" from Reuters
• "Revenge RTO: Workers are coming in late, leaving early and stealing snacks as they find small ways to get back at their bosses" from Fortune
• "Trump Revives Push for Higher Taxes on the Rich" from The New York Times
• "How the Exotic Orchid Became a Mass-Market Commodity" from The Wall Street Journal 

• "The drawbacks of an increasingly cashless society" from Marketplace

  
  

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