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Report: WeWork to lease retail space

WeWork Toronto. Photo: Arthur Mola

WeWork has earned a $20 billion valuation providing shared workspaces to start-up companies, and now the firm is exploring the idea of leasing retail space as well, The Real Deal reports. Unnamed sources tell the trade publication that "what WeWork's retail business could look like is still unclear," but that "extending the firm's co-working model — furnished spaces on short-term leases — to retailers is a possibility."

Why it matters: WeWork has justified its sky-high valuation on the promise that it has the data and design expertise to help businesses become radically more efficient in their use of office space. The move suggests that WeWork believes it can also make money helping retailers invent the brick-and-mortar store of the future.

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Where Trump's steel and aluminum trade war will hit first

Note: Includes only products under the "Iron & Steel & Ferroalloy" and "Alumina & Aluminum & Processing" NAICS commodity classifications. Data: Census Bureau; Chart: Chris Canipe and Lazaro Gamio / Axios

The Trump administration has begun imposing tariffs on imports of steel and aluminum, but several countries are exempted temporarily until May 1, as shown in the chart above. The administration may still apply quotas on exempted countries to prevent a flood of foreign steel and aluminum in the U.S. market, per the White House.

Why it matters: After railroading past a number of his advisors, Trump announced the tariffs on imports of steel (at 25%) and aluminum (at 10%) earlier this month, citing national security concerns. But with the exemption noted above, the tariffs won't carry major bite, at least to start.

Haley Britzky 1 hour ago
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Both Bush and Obama also requested line item veto power

Donald Trump.
Photo: Mark Wilson / Getty Images

President Trump tweeted on Friday evening that to avoid having "this omnibus situation from ever happening again," he wants Congress to re-instate "a line-item veto."

Why it matters: This would allow him to veto specific parts of a bill without getting rid of the entire thing. Trump was deeply unhappy with the $1.3 trillion spending bill approved by Congress early Friday morning, but signed it anyway on Friday afternoon.