Tariff rates on small packages from China will be cut in half, though a flat-fee option will not change, the White House said Monday.
Why it matters: Trump previously ended a loophole that allowed low-value goods into the country tariff-free — the rate reversal will ease price pressures on customers of Chinese retailers like Shein and Temu.
The U.S. State Department on Monday reissued an "extreme danger" travel advisory for Venezuela, warning Americans to leave the country immediately or to prepare a will if heading there.
The big picture: The Trump administration has meanwhile been caught in a legal battle for deporting planeloads of Venezuelans to the country, and recently ended temporary deportation protections for some 300,000 Venezuelans living in the U.S.
The popular no-tax-on-tips provision and another carve-out for overtime pay are both in the "big, beautiful" tax bill unveiled by House Republicans Monday.
Why it matters: Exempting tipped income and overtime from taxes was a big priority for President Trump, who campaigned on the policies.
Mercedes-Benz is expanding its U.S. manufacturing footprint, with plans to add one of its most popular models, the GLC compact crossover utility vehicle, to its Alabama plant by 2027.
Why it matters: The news comes after the Trump administration boosted tariffs on imported vehicles to pressure global automakers to build more cars in the U.S.
Chick-fil-A restaurants across New York, New Jersey and Connecticut are creating impactful change in their neighborhoods.
Here's why: Chick-fil-A's corporate social responsibility efforts reflect the company's commitment to being responsible stewards and positively influencing the communities they serve.
The company focuses on creating moments of care for people, for communities, through their food and for the planet.
In Texas, 90% of students have been graduating high school — but only 60% have been considered career- or college-ready. Additionally, only 30% have gone on to earn a credential or degree that employers value within six years.
This has been the basic fact the nonpartisan, nonprofit organization Texas 2036 calls 90-60-30, and one that the state has been working to address.
Why it's important: Texas 2036 is working to improve these numbers and build a stronger, more prosperous Texas by the state's bicentennial (in 2036).
President Trump signed an executive order Monday morningthat he said Sunday would cutprescription drug and pharmaceutical prices "almost immediately, by 30% to 80%."
President Trump said the "European Union is, in many ways, nastier than China," during a news conference on Monday.
Why it matters: The stakes of a prolonged U.S.-EU standoff over Trump's tariffs are high. With nearly a trillion dollars worth of trade last year, U.S. companies exported more than twice to the EU what they sent to China.
General Motors hired Sterling Anderson, co-founder of autonomous trucking company Aurora, to be its chief product officer, a new role with broad responsibilities to overhaul the way GM designs, engineers and builds high-tech cars of the future.
Why it matters: GM, like other automakers, is under intense pressure to reinvent itself by integrating hardware and software for the next era of electric, connected and automated vehicles.
Lockheed Martin is fast-tracking X-Bow Systems as a new, independent supplier of solid-rocket motors and other services, the defense upstart's CEO, Jason Hundley, told Axios.
Why it matters: "The Lockheed Martin Corporation, I will say, is one of the largest producers and procurers of solid-rocket motors in Western civilization," he said in an interview.
The Energy Department used a classic "Simpsons" meme Saturday to promote "drill, baby, drill" — but new analysis shows the challenge of making it stick outside of Springfield.
The latest: U.S. crude production should drop slightly next year, S&P Global Commodity Insights said Monday.
The U.S. and China will slash their tariffs on each other for 90 days, Treasury Secretary Scott Bessent said Monday.
Why it matters: It's the relief global businesses and investors hoped for, after the trade war brought commerce to a near-halt and sent economies hurtling toward recession.
Comedy icon Mike Epps is embracing the social media generation by way of the "We Them Ones" stand-up tour, which will wrap its second year later this month.
The big picture: Studies show that consumers prefer watching short and long form videos on their smartphone for entertainment over traditional forms of media.
Starbucks' employee dress code changes that go into effect Monday "focus on simplified color options that allow our iconic green apron to shine," the coffee giant said.
Why it matters: It's the latest move the Seattle-based company is making to revitalize the brand by returning to its roots.
The big picture: Politico first reported that Register of Copyrights Shira Perlmutter's removal came soon after her office issued a report on artificial intelligence that raised concerns about using copyrighted works to train AI, an industry outgoing DOGE leader Elon Musk is involved in via his startup xAI.
Memorial Day travel is projected to beat a 20-year-old record high this year, according to AAA data released Monday.
Why it matters: Americans' deep pessimism about the economy isn't deterring them from traveling to celebrate the unofficial start of the summer season.
Agriculture Secretary Brooke Rollins announced the suspension of live cattle, horse and bison imports via the southern border "due to the continued and rapid northward spread" of New World Screwworm (NWS) in Mexico, effective immediately.
Why it matters: This parasitic worm species' infestation "occurs when NWS fly larvae ... infest the tissue or flesh of warm-blooded animals; on rare occasions this includes people," per a Centers for Disease Control and Prevention (CDC) online article.
