Author: News Room

As he prepares to introduce new tariffs on foreign metals this week, President Trump has vowed not to grant the types of exclusions and exemptions that were common during his first trade war.But he has already undercut that tough position on other tariffs. After lobbying from automakers, farmers and other industries, Mr. Trump quickly walked back the sweeping tariffs he had imposed on Tuesday on all imports from Canada and Mexico. By Thursday, he had suspended those tariffs indefinitely for all products that comply with the North American free trade deal, U.S.-Mexico-Canada Agreement, or U.S.M.C.A. — about half of all…

For a decade, Eric Schmidt ran Google as chief executive and as the “adult” in the room, mentoring the internet company’s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since.But on Monday, Mr. Schmidt told employees of Relativity Space, a rocket start-up in Long Beach, Calif., that he had made a significant investment and taken a controlling stake in the company, and would take over as chief executive, two people with knowledge of the meeting said.Mr. Schmidt, 69, succeeds Relativity Space’s current…

Across the spectrum of uses for artificial intelligence, one stands out.The big, inspiring A.I. opportunity on the horizon, experts agree, lies in accelerating and transforming scientific discovery and development. Fed by vast troves of scientific data, A.I. promises to generate new drugs to combat disease, new agriculture to feed the world’s population and new materials to unlock green energy — all in a tiny fraction of the time of traditional research.Technology companies like Microsoft and Google are making A.I. tools for science and collaborating with partners in fields like drug discovery. And the Nobel Prize in Chemistry last year went…

As President Trump addressed Congress last week, he veered off script to attack a sensitive topic, the CHIPS Act, a bipartisan law aimed at making the United States less reliant on Asia for semiconductors.Republican lawmakers had sought and received reassurances over the past few months that the Trump administration would support the program Congress created. But halfway through Mr. Trump’s remarks, he called the law a “horrible, horrible thing.”“You should get rid of the CHIP Act,” he told Speaker Mike Johnson as some lawmakers applauded.The CHIPS program was one of the few things to unite much of Washington in recent…

Amazon is deepening its relationship with President Trump.Amazon Prime Video announced on Monday that multiple seasons of “The Apprentice,” the 2000s reality series that helped raise Mr. Trump’s profile on a national stage, would soon be available on the streaming service.The show’s first season, which premiered in 2004, is available on Prime Video starting Monday. Amazon said that a new season of “The Apprentice” would be made available each week, culminating with the show’s seventh season, which will make its debut to the streaming service in late April.Mr. Trump expressed his enthusiastic approval in a statement released by Amazon.“I look…

Tesla shares plunged on Monday, hitting their lowest point since before Election Day, as investors registered the impact of falling sales and increasing protests over the high-profile political role that Elon Musk, the company’s chief executive, has taken on.In midday trading, the electric-car maker’s shares were down more than 11 percent for the day, and more than 50 percent from a mid-December peak. The day’s loss far outstripped the 2 percent drop in the S&P 500.The steep rise in Tesla shares that followed Donald J. Trump’s election as president, and Mr. Musk’s appointment as de facto government cost-cutting czar, has…

The social media platform X, formerly Twitter, was experiencing intermittent outages on Monday, mostly on its app, according to Downdetector, which tracks reports of problems from users on websites.The first outages on X, which Elon Musk bought for $44 billion in 2022, were reported before 6 a.m. Eastern time, after which the site and app seemed to resume functioning. But at about 10 a.m. more problems arose, and there were 41,00 reports of outages on X, according to Downdetector. Shortly after 11 a.m., a third spike of reported outages emerged, and the site remained down for many users.More than half…

Ask any prominent podcast host for a list of dream interview guests, and it is quite likely that Michelle Obama’s name would be on it.That is why the former first lady shouldn’t have much trouble booking whomever she likes on her new show, “IMO,” short for “in my opinion,” which she will host with her older brother, the basketball executive Craig Robinson.The podcast was announced on Monday by Higher Ground, the media company founded in 2018 by former President Barack Obama and Mrs. Obama.Higher Ground’s podcasts lean toward prestige cultural programming. Previous releases include a limited series about Stevie Wonder,…

Stock markets fell further on Monday as investors around the world worried about the health of the American economy as businesses brace for the destabilizing effects of tariffs on global trade.The S&P 500 fell 1.5 percent in at the start of trading on Wall Street, adding to last week’s losses, which were the steepest in several months. After three straight weeks of selling, the index is now about 7 percent below a record set last month, approaching a “correction,” a Wall Street term for a significant decline from a recent high.The tech-heavy Nasdaq has been hit particularly hard. It fell…

Trump stays the courseEven President Trump has acknowledged that his pugnacious economic agenda is looking increasingly risky. Asked on Fox News this weekend if he expected a recession this year, he allowed only, “I hate to predict things like that.”That dodge comes as his trade war continues to escalate and companies warn that his steep government cuts and immigration crackdown may cost them financially. The question is: Will the president stick with his plans?The latest: Beijing has begun imposing tariffs on U.S. agricultural goods — including key exports like chicken, wheat, soybeans and pork — as well as blocking or…