Ticker: Trump unveils 100% tariff on some patented drugs
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President Donald Trump has signed an executive order that could slap long-threatened pharmaceutical tariffs of up to 100% on some patented drugs from companies that don't reach deals with his administration in the coming months.
Companies that have signed a "most favored nation" pricing deal and are actively building facilities in the U.S. to onshore production of patented pharmaceuticals and their ingredients will have a 0% tariff. For those that don't have a pricing deal but are building such projects in the U.S., a 20% tariff will apply but increase to 100% in four years. Companies still have months to negotiate before the 100% tariffs kick in.
AI machine sorts clothes faster than humans
A company in eastern China is using an artificial intelligence-powered machine to sort clothes and boost recycling. It offers a glimpse into how AI could help reduce the impact of synthetic textile waste.
The Fastsort-Textile machine was named one of Time magazine's Best Inventions of 2025 and was created by Databeyond. The Chinese AI recycling company was founded in 2018. The equipment operates in Zhangjiagang and can sort 100 kilograms of clothes in two to three minutes. That compares with one worker taking around four hours to do the same thing.
Company backed by Trump sons to sell interceptors
A drone maker backed by President Donald Trump's two oldest sons is trying to win contracts with Gulf countries under threat by Iran and protected by the U.S. military led by their father.
Powerus is holding demonstrations in "several" Gulf countries of how its defensive drone interceptors could help them ward off the attacks, according to co-founder Brett Velicovich. Powerus recently struck a deal that will bring on the Trump brothers, Eric and Donald Jr., as stakeholders in the military contractor. The president's oldest sons have expanded their business interests rapidly beyond hotels and golf courses in a little over a year since their father took office again.
How family movies are taking over moviegoing
As "The Super Mario Galaxy Movie" lands in theaters, coloring stations, collectible popcorn containers and mascot Marios are all in place to entice arguably the most prized moviegoers to Hollywood today. Kids.
Despite a lot of talk about the imperiled future of moviegoing, future moviegoers are turning out in droves and fueling today's biggest blockbusters. By Sunday, Universal Pictures expects the five-day opening of the "Super Mario" sequel to reach $186 million domestically, and around $350 million worldwide.
White House scales back plan to dismantle the CFPB
The Trump administration has scaled back its plans to dismantle the Consumer Financial Protection Bureau. Under the new plan, the bureau's headcount would be reduced from 1,700 authorized employees before Trump's second term to roughly 550 staffers.
The administration originally intended to shrink the bureau's staff to around 200 employees. This plan, revealed in a memo and court documents this week, faces opposition from the CFPB's employee union and likely requires a federal judge's approval. The proposed cuts would significantly shrink the bureau's supervision and enforcement divisions.
Amazon to slap surcharge on third-party sellers
Amazon is slapping a 3.5% fuel and logistics surcharge on third-party sellers that sell on its platform starting later this month amid a spike in fuel prices since the war in Iran.
The temporary fee is effective April 17 for many of the sellers who use Amazon's fulfillment services.