Stories by Jennifer A. Kingson

Toymakers say Trump's China tariff delay "saved the holiday season"

Illustration: Aïda Amer/Axios

There was joy in toyland this week — albeit muted — after the Trump administration said it would postpone tariffs on toys made in China until after the holiday rush.

Why it matters: The industry, still recovering from the demise of Toys “R” Us, had feared a 10% tariff would force it to raise prices, hurting consumers and killing profits. But a sudden reprieve will let toy companies focus instead — for now — on big holiday trends, like unicorns, collectible dolls, scented slime and electronic finger-puppets.

Companies are racing to dump their pension plans

Data: LIMRA Secure Retirement Institute; Chart: Harry Stevens/Axios

The younger you are, the less retirement security you’re likely to have, as employers accelerate efforts to shed costly pensions and replace them with alternatives that make workers shoulder more of the risk and responsibility.

Why it matters: Millennials and members of Generation Z will face less prosperous golden years than their parents, given the retirement accounts they get nowunless they are diligent about allocating money, investing it wisely, and not blowing it when they gain full access.

The coming deepfakes threat to businesses

Illustration: Rebecca Zisser/Axios

In the first signs of a mounting threat, criminals are starting to use deepfakes — starting with AI-generated audio — to impersonate CEOs and steal millions from companies, which are largely unprepared to combat them.

Why it matters: Nightmare scenarios abound. As deepfakes grow more sophisticated, a convincing forgery could send a company's stock plummeting (or soaring), to extract money or to ruin its reputation in a viral instant.

  • Imagine a convincing fake video or audio clip of Elon Musk, say, disclosing a massive defect the day before a big Tesla launch — the company's share price would crumple.