Jun 5, 2018

Corker bill would give Congress power to rein in Trump's trade war

Corker. Photo: Chip Somodevilla/Getty Images

Republican Sen. Bob Corker plans to introduce legislation as early as today that would give Congress the authority to roll back President Trump's tariffs, Politico reports.

Why it matters: Corker, who is retiring after this term, is one of several Republican senators pushing back on Trump's decision to impose steel and aluminum tariffs on America's closest allies. Per Politico, "Senate Majority Leader Mitch McConnell and Speaker Paul Ryan have both criticized the metals tariffs ... but it's unclear whether they would entertain a vote on the matter by the GOP-controlled Congress — especially one that would likely draw a presidential veto."

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Your best defense against coronavirus

Photo: Adrian Greeman/Construction Photography/Avalon/Getty Images

Washing your hands is the best way to protect against the novel coronavirus, according to doctors and health officials, as the virus continues to spread around the globe.

Why it matters: Clean hands can stop germs from spreading in a community, a known characteristic in COVID-19 and influenza.

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Major League Soccer embarks on its 25th season

Illustration: Aïda Amer/Axios

As Major League Soccer begins its 25th season, the league is financially stable and surging in popularity, and its 26 teams have gorgeous facilities and rapidly increasing valuations.

  • It also continues to expand, with David Beckham's Inter Miami and Nashville SC set to debut this season as the 25th and 26th teams. Plans are in place to reach 30 franchises by 2022 — triple the number from 2004.
Go deeperArrow2 hours ago - Sports

Wall Street falls 3% as coronavirus correction worsens

raders work on the floor of the New York Stock Exchange. Photo: Scott Heins/Getty Images

Stocks fell more than 3% on Friday morning, pushing stocks further into correction territory.

Why it matters: It continues the ugly stretch for Wall Street that began after a spike in coronavirus cases around the world. The S&P is 15% below its recent peak, edging closer to the mark that would technically end the market’s decade-long rally.

Go deeper: The growing coronavirus recession threat