In brief: Tesla has vehemently denied a report by the Wall Street Journal that alleges the EV giant's board contacted recruitment firms to search for a replacement for Elon Musk as CEO. Musk called the article "deliberately false" and an "extremely bad breach of ethics."
"Another reason why Americans should buy American"
A hot potato: Amazon has backed away from a plan to show exactly how much the Trump tariffs will increase the cost of items on its Amazon Haul site. The White House had called the potential move a "hostile and political act," and the president himself called Amazon founder Jeff Bezos to discuss the matter.
The exemptions cover $390 billion in yearly US imports
Why it matters: The Trump administration has granted a reprieve to global technology manufacturers by exempting smartphones, laptops, CPUs, memory chips, and electronics to make semiconductors from its sweeping tariffs on imports – a move that could ease pressure on companies like Apple and Nvidia while offering relief to consumers.
Back and Forth: President Trump has announced a 90-day pause on new tariffs against all countries except China, just a week after what experts called a "nuclear bomb" on global trade. Global reciprocal tariffs have been reduced to 10%, while anti-China taxes have surged to a historic 125%.
In context: President Trump's 104% tariff on goods imported from China is now in effect. It will have an enormous impact on many US firms, especially Apple, which relies heavily on China to manufacture its iPhones. Trump believes the solution is to start making the handsets in the US, but that would be nearly impossible, especially in the short term. And even if it were, iPhones would likely become much more expensive.
Newly announced tariffs were not a factor in console's final US price
Facepalm: Nintendo would much prefer the focus to be on the many technological improvements introduced with the Switch 2. However, most gamers are now more interested in discussing how much the new console – and its compatible games – will cost compared to the previous generation.
What just happened? Hundreds of stars and Hollywood executives have signed an open letter urging the Trump administration to deny proposals from AI companies that would allow their systems to be trained on copyrighted work without obtaining permission.