President Trump is increasingly unlikely to get his way on closing the carried interest loophole, based on draft tax bill language from House Republicans. Apparently even the death grip has a few fissures.
But while the change remains in theoretical play, it's worth gaming out its practical consequences.
xAI blamed "an unauthorized modification" for its chatbot Grok giving users off-topic and false responses about "white genocide" in South Africa this week.
Why it matters: xAI owner Elon Musk, who is from South Africa, has also falsely accused the country of perpetuating "genocide" against white residents, a claim President Trump has also embraced.
President Trump said Friday the U.S. will unilaterally set tariff rates for many trading partners in the coming weeks, citing a lack of capacity to negotiate with so many countries simultaneously.
Why it matters: The U.S. already did that to some degree, on "Liberation Day" last month, then paused most of those rates after a global market panic sent stocks plunging and interest rates soaring.
Novo Nordisk CEO Lars Fruergaard Jørgensen is stepping down as the Danish drug giant faces increased competition for its weight-loss drugs and declining share price.
Why it matters: Novo has faced challenges developing next-generation obesity drugs and will see its popular but pricey GLP-1s Ozempic and Wegovy subject to the next round of Medicare drug price negotiations in the U.S.
As Ryan Mackenthun plants his soybeans and corn this spring across 2,300 acres of Minnesota farmland that cradles his family's 1887 homestead, he is both fearful of President Trump's latest tariffs and still smarting from those enacted during his first term.
The big picture: The 48-year-old father of three said he and his brethren have yet to see any impact from Trump's "Liberation Day" proclamations. But that doesn't mean it isn't top of mind throughout an already stressed and strained industry.
There has never been a better time for businesses that manufacture goods in America.
But there has never been a worse time to sell such products overseas.
Why it matters: "Made in USA" brands have been touted as the nation's trade war winners. Yet even those that don't rely on tariffed materials from abroad are taking a hit.
Charter Communications has agreed to buy Cox Communications from privately held Cox Enterprises for approximately $34.5 billion, with Cox Enterprises to become Charter's largest shareholder, the companies announced on Friday.
Why it matters: The combined company would become America's largest cable TV and broadband provider by subscribers, leapfrogging Comcast.
President Trump announced multibillion-dollar AI deals between U.S. companies and Gulf countries this week even as many in Washington continue to fear that China could gain backdoor access to advanced AI chips and worry that critical AI infrastructure could end up based outside the U.S.
The big picture: The president loves big deals with big numbers. Tech interests close to Trump want to see U.S. AI firms win global business. But China hawks in both parties distrust the Gulf states, which have close trade ties with China.
