Nike

Nike to protect pregnant athletes following backlash

Nike store
Photo: Frederic J. Brown /AFP/Getty Images)

Nike announced it is changing company policies to ensure that female athletes who become pregnant are better protected and aren't penalized, reports Bloomberg.

Why it matters: For runners, endorsement contracts make up the bulk of their incomes, and they must meet specific thresholds for compensation that could be unachievable if pregnant, reports the New York Times.

Over 170 U.S. shoe companies warn Trump of "catastrophic" trade war effects

Nike shoes
Photo: Getty Images

More than 170 U.S. shoe companies — including Nike, Adidas and Steve Madden — signed onto a letter with the Footwear Distributors and Retailers of America to warn President Trump of "catastrophic" repercussions in the industry if the U.S.-China trade war continues.

Why it matters: The letter argues that Trump's proposed 25% tariff on footwear would cause "unfathomable" effects and could cost American customers an extra $7 billion a year, despite the president's incorrect assertion that tariffs are paid by China directly into the U.S. Treasury. The companies ask Trump to "bring this trade war to an end."