Axios

It's not food, it's not chewing tobacco and it's not gum — though it might look like it when you see it — but it is becoming America's new addictive obsession.

Why it matters: Sales of Zyn nicotine pouches are soaring, prompting the tobacco company that makes them to scramble to boost U.S. production to meet demand.

President Trump said the U.S. will begin sending letters Monday to other countries setting a tariff rate on their imports.

Why it matters: After months of threats, Trump is abruptly re-escalating the trade war.

Elon Musk on Friday floated an electoral strategy for his hypothetical political party, via a post on X.

Why it matters: Musk is the world's richest man and his dollars could make a difference in tight races next November.

Most of the nation's largest retailers and restaurants are open for Independence Day with many stores holding sales throughout the weekend.

The big picture: Americans are marking the holiday on Friday with fireworks, travel, barbecues and shopping.