Just before the Labor Day weekend, a federal appeals court struck down many of the Trump administration's tariffs. The decision is on hold until mid-October, giving the White House time to appeal to the Supreme Court. This morning, we'll parse which tariffs are affected and which aren't. Plus, a lack of trade deals is weighing on American farmers, and caps on federal student loan borrowing will go into effect next year.
Marketplace All-in-One - Shares at Nestlé fall after its CEO is fired
From the BBC World Service: Nestlé boss Laurent Freixe left after the company said he failed to disclose a romantic relationship with an employee; his departure threatens more volatility for the company, which has struggled with lower consumer demand and disruptive U.S. tariffs. Then, Kim Jong Un is making a rare trip outside of North Korea, arriving in China as Xi Jinping hosts Vladimir Putin and other leaders. Plus, one Swiss town weighs rebuilding post-avalanche.
WSJ Minute Briefing - Congress Races to Avoid Government Shutdown
Plus: Swiss food giant Nestlé fires its CEO Laurent Freixe over a relationship with a subordinate. And, online payments provider Klarna readies its much-anticipated IPO. Azhar Sukri hosts.
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WSJ What’s News - Trump Family Raises $5 Billion Fortune With New Cryptocurrency
A.M. Edition for Sept. 2. The launch of WLFI has produced a major windfall for Trump’s family with WSJ crypto reporter Angus Berwick saying the currency is likely more valuable than Trump’s entire property portfolio. Plus, a new WSJ-NORC poll reveals a record low optimism about improving living standards in the U.S., with more then two thirds of respondents no longer believing in the adage that if you work hard you will get ahead. And an increasing number of Americans are returning positive fentanyl results in random workplace testing. Azhar Sukri hosts.
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Up First from NPR - Government Shutdown Looms, Brazil’s Ex-President on Trial, Earthquake in Afghanistan
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Today’s episode of Up First was edited by Anna Yukhananov, Tara Neill, Ryland Barton, Lisa Thomson and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Stacey Abbott. And our technical director is Carleigh Strange.
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Code Story: Insights from Startup Tech Leaders - S11 E15: Derek Ting, TextNow
Derek Ting grew up in Canada-land, enjoying all the things of the area but especially hockey. He mentioned he has a bit of ADD, which made it hard for him to make it through a chapter in school. Nowadays, he has 2 kids. His oldest son plays hockey, and he and his family enjoys rooting on the Toronto Maple Leafs. When asked about food, he claimed to be one of lives to eat, as he loves food. In fact, the more exotic food the better - but not as far as insects or something.
When Derek figured out that carriers wanted to charge for texting, on top of the fees he was already paying for his phone and associated services. He found this atrocious, and he wanted to figure out a way to text for free - and eventually, all phone service.
This is the creation story of TextNow.
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Marketplace All-in-One - Is grieving with AI a healthy way to cope?
More and more people are using generative AI to “resurrect” deceased loved ones. There are tools that can turn an old photograph into a short animation or create entire "AI clones" trained on old audio, video or written diaries. These technological advancements are taking memorializing the dead to a whole new level, but is it healthy? Marketplace’s Meghan McCarty Carino spoke to psychologist Elaine Kasket, who specializes in mental health issues and technology, for some answers.
The Intelligence from The Economist - Call the shots: vaccine cuts imperil global health
America’s health secretary, RFK Jr, is known for his opposition to vaccines, particularly mRNA jabs, that have the potential to treat a large swathe of diseases. Slashing funding will have long term implications beyond America. Our correspondent visits Britain’s biggest and newest supercomputer. And why Mexicans love Japanese and Korean culture.
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The Daily - How Trump Is Changing American Capitalism
In a series of extraordinary deals, President Trump has muscled himself directly into the business of corporate America.
The U.S. government has been made the largest shareholder of Intel, one of the most iconic companies in the country. Senator Bernie Sanders has praised the move, while conservatives have criticized it as socialism.
Andrew Ross Sorkin, a columnist at The Times, explains how Mr. Trump’s deal could reshape America’s approach to capitalism.
Guest: Andrew Ross Sorkin, a columnist and the founder and editor at large of DealBook, which publishes the flagship business and policy newsletter of The New York Times.
Background reading:
- Intel agreed to sell a 10 percent stake in its business to the U.S. government.
- From DealBook: Trump may expand his revision of U.S. capitalism.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Photo: Tierney L. Cross/The New York Times
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Start Here - The Legal Battle Over Hundreds of Guatemalan Children
A judge pauses the repatriation of hundreds of migrant children to Guatemala. Pharmacies in several states are telling customers they can’t get a COVID vaccine without a prescription. And amid tariff threats, India’s prime minister signals a willingness to ally with China and Russia.
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