GM beats on earnings, raises guidance amid 'resilient' consumer, pricingGM raised several key earnings forecasts after beating Wall Street's second-quarter expectations as its North American operations continue to drive results.{}
Treasury intercepts nearly $99M in federal payments to deceased individuals under Trump fraud orderA new Treasury fraud verification system screened 885 million transactions worth $2.77 trillion, catching over 4,900 improper payments to deceased recipients.
The U.S. Department of the Treasury has intercepted nearly $99 million in federal payments intended for deceased individuals using a new verification system deployed under President Donald Trump's executive order targeting government fraud, waste and abuse.
Following Executive Order 14249, "Protecting America's Bank Account Against Fraud, Waste, and Abuse," the Department of the Treasury and the Bureau of the Fiscal Service implemented a verification process that reviewed more than 885 million payments worth approximately $2.77 trillion.
That screening successfully flagged more than 4,900 improper payments — totaling nearly $99 million — associated with deceased individuals, returning the payments to the originating federal agencies for review before any funds were disbursed.
"We think that there's up to $350 million that we can stop before the end of this year," Treasury Secretary Scott Bessent said on "Mornings with Maria" Tuesday. "The [Government Accountability Office] estimates that… this number might be up to $500 billion, which is about 1.66% of GDP. So that could go a long way towards paying down the debt, providing more services, and this is just the start."
This is a developing story. Please check back for updates.
https://www.foxbusiness.com/politics/treasury-intercepts-99m-federal-payments-deceased-individuals-under-trump-fraud-orderGM beats on earnings, raises guidance amid 'resilient' consumer, pricingGM raised several key earnings forecasts after beating Wall Street's second-quarter expectations as its North American operations continue to drive results.{}
Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertisingNovo asked the court to permanently stop Lilly from running the "deceptive" ads and require the drugmaker to issue corrective advertising.{}
GM beats on earnings, raises guidance amid 'resilient' consumer, pricingWall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.{}
GM beats on earnings, raises guidance amid resilient vehicle pricingWall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.{}
GM beats on earnings, raises guidance amid resilient vehicle pricingWall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.{}
GM beats on earnings, raises guidance amid resilient vehicle pricingWall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.{}
GM beats on earnings, raises guidance amid resilient vehicle pricingWall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.{}
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current pricesComments from JPMorgan Chase CEO Jamie Dimon contrast with investors' recent willingness to look past wars, tariffs and other shocks.{}
AAA national gas price tops $4 amid renewed US strikes on IranThe AAA national average price for regular fuel has risen past $4 again amid the United States war against the Islamic Republic of Iran.
The AAA national average price for regular gas is back above $4 again amid the U.S. war with the Islamic Republic of Iran.
As of July 21, the AAA national average for regular fuel is $4.019, up from yesterday's average of $4.003, the week-ago average of $3.859, and the month-ago average of $3.938. The year-ago average was much lower at just $3.141.
Fox News Digital reached out to the White House on Tuesday.
IRS RAISES BUSINESS MILEAGE DEDUCTION RATE AMID FUEL PRICE SURGE
"Every time Iran kills an American Soldier they will pay for that killing many times over! This directive has been passed on to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Daniel Caine, and every Leader in the Military," President Donald Trump asserted in a Monday Truth Social post.
Former Rep. Marjorie Taylor Greene, who left Congress early this year after a falling out with the president last year, responded to Trump's comments by writing in a post on X, "Our American soldiers wouldn’t be getting killed if you weren’t fighting an unnecessary war against Iran to open the Strait of Hormuz that was already open before you went to war. End the war. In your 1st term in 2019, gas was under $2 and inflation was 1.8%, DO THAT AGAIN!"
ARMY IDS 2 VICTIMS KILLED IN JORDAN AIR BASE ATTACK; TRUMP: IRAN WILL PAY ‘MANY TIMES OVER’
House Minority Leader Hakeem Jeffries, D-N.Y., declared in a Monday post on X, "Gas prices are back above $4 per gallon. The Republican war of choice in Iran is making life more expensive. Why is Pete Hegseth still around?"
U.S. Central Command (CENTCOM) noted on Monday that it had "completed another round of strikes against Iran at 9 p.m. ET, July 20."
TRUMP WEIGHS IRAN WAR EXPANSION AS FRESH US STRIKES TARGET HORMUZ SHIPPING THREATS
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"U.S. forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites, and air defense systems to degrade Iran's ability to continue attacking commercial vessels flowing through the Strait of Hormuz. Commercial vessel transits through the vital international maritime corridor continue. Since early May, CENTCOM forces have helped facilitate the transit of approximately 900 commercial vessels and 450 million barrels of crude oil," the release noted.
https://www.foxbusiness.com/economy/national-gas-prices-top-4-iran-conflictMiami's cost of living now tops New York City's despite Florida's tax advantagesRising property taxes, insurance premiums and 36% inflation since 2019 have pushed Miami's cost of living above New York City's for the first time on record.
The financial math behind fleeing high-tax states for a Florida paradise is hitting a major roadblock.
While the absence of a state income tax in the Sunshine State remains a powerful draw for transplants, a combination of rising property taxes, soaring property insurance premiums and everyday inflation has pushed Miami's total cost of living above New York City's for the first time.
A recent Bloomberg analysis found that data from the U.S. Bureau of Economic Analysis indicate that the combined cost of living in the Miami, Fort Lauderdale and Palm Beach region — dubbed the "Gold Coast" — is now roughly 5% higher than that of the New York metropolitan area and its surrounding suburbs.
CEO: MIAMI'S LUXURY BOOM FUELS ‘MECCA’ FOR WEALTHY AS OTHER BUYERS FEEL PRICED OUT
Additionally, consumer prices in South Florida have risen 36% since 2019, according to the U.S. Bureau of Labor Statistics. That represents the second-highest inflation surge among major American markets, trailing only Tampa.
Despite the state's lack of an income tax, S&P CoreLogic Case-Shiller data show South Florida home prices have jumped 79% since the pandemic, while the average annual homeowners insurance premium stands at $8,292 — the highest in the country and roughly four times the average cost of insuring a home in New York.
U.S. Census Bureau data also shows that the typical household income in the Miami metro area sits approximately $1,000 below the national median, and the cost of daily tasks like dining out has climbed 4% year-over-year to $94 per person per restaurant bill, compared to New York City’s average of $79 per person per check.
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However, price relief could be on Florida's horizon after Gov. Ron DeSantis and the Florida Legislature approved a proposed constitutional amendment for the November 2026 general election ballot that would expand the state's homestead exemption. Under the proposal, eligible homeowners could receive up to a $250,000 exemption from non-school property taxes, phased in beginning in 2027 if voters approve the measure.
If approved by at least 60% of voters, the constitutional amendment could mean lower property tax bills and significant savings for millions of Florida homeowners.
https://www.foxbusiness.com/real-estate/miamis-cost-living-now-tops-new-york-citys-despite-floridas-tax-advantagesManufacturers say GOP tax law protected jobs, preserved wages and economic growth across every stateThe National Association of Manufacturers released a 50-state analysis estimating jobs, GDP and wages protected by the big beautiful bill's tax provisions.
A group representing America's manufacturers on Tuesday released a report marking one year since the enactment of the 2025 tax law that includes examples of the legislation's impact on the manufacturing sector in all 50 states.
The One Big Beautiful Bill Act (OBBBA) was passed by Republicans in Congress and signed into law by President Donald Trump last July, and the legislation contained a number of provisions aimed at boosting the manufacturing industry – such as 100% expensing of newly built factories and immediate depreciation of machinery – and preventing tax hikes.
The National Association of Manufacturers (NAM) released an analysis that estimated the number of jobs protected by the provisions of the OBBBA, along with the amount of economic growth and wages it preserved. It also chronicled how a manufacturer in each state used the tax law.
"Tax policy is far more than numbers on a spreadsheet and these stories – across all 50 states – show the real-world impact of pro-growth policies that have given manufacturers the confidence to invest, hire, raise wages and expand facilities," said National Association of Manufacturers CEO Jay Timmons.
Timmons added the tax reform law is "one of the most consequential pieces of legislation in a generation," and said that "Congress and the administration delivered the permanent, pro-growth tax code manufacturers needed to invest in their people, purchase new equipment and plan confidently for the future."
NAM's analysis found that in California, the law saved 708,000 jobs, $134 billion in GDP and $67 billion in wages – the most in each category among the 50 states. Commercial helicopter manufacturer Robinson Helicopter said it's taking advantage of immediate research and development expensing to deploy new R88 helicopters as control centers for fire surveillance drones.
"These types of innovative solutions require a significant amount of research and development spend," said Will Fulton, vice president of business development at Robinson Helicopter, adding that the immediate R&D deduction "accelerates our ability to innovate and increases the ability with which we can bring these property and lifesaving innovations to market."
TRUMP TURNS NATO SPENDING FIGHT INTO WIN FOR US DEFENSE COMPANIES
Texas' totals ranked the second highest at 547,000 jobs, $107 billion in GDP and $51 billion in wages saved by the OBBBA, per NAM's analysis. WilliamsRDM said the tax law's R&D expensing allowed it to continue to invest in engineering, prototyping, testing and design improvements to deploy new tech for aerospace, defense, fire suppression, energy and security firms.
Florida, which NAM estimated had 399,000 jobs and $36 billion in wages saved by the OBBBA, has seen Johnson & Johnson invest more than $1 billion to expand operations in Jacksonville.
J&J's chief technical operations and risk officer, Kathy Wengel, said that the "investments reflect our sustained commitment to advancing American innovation, enabled by a strong and stable corporate tax rate."
GOOGLE PARTNERS ON AI TRAINING FOR THOUSANDS OF AMERICAN MANUFACTURING WORKERS
Snap-On CEO and NAM Vice Chair for Tax and Finance Policy Nick Pinchuk said that he's seen firsthand how "long-term tax uncertainty translates into workforce certainty," adding that the law was "an investment in the American worker."
"It reaffirms, for all to see, the critical importance of manufacturing to our nation's future and it assures that prosperous tomorrow by giving manufacturers, including small- and family-owned businesses, a significant boost to their capabilities and the confidence to making lasting investments in their people – to recruit, train and retain skilled workers, strengthen career pathways, and create good paying jobs in communities across the country," Pinchuk said.
"When I first started drafting the One, Big, Beautiful Bill, I made it clear: permanent, pro-growth tax policy was a top priority. If we were truly going to make a lasting impact for manufacturers, we had to deliver legislation that gave them the confidence to invest in equipment, hire workers, and plan for the long term — and that’s exactly what we did. By preventing a massive tax hike and locking in permanent, pro-growth tax policies, we gave manufacturers the certainty they needed to grow. One year later, we’re seeing the results, with success stories from manufacturers in all 50 states."
House Ways and Means Committee Chairman Jason Smith, R-Mo., said in a statement that when drafting the OBBBA, his top priority was a "permanent, pro-growth tax policy."
"If we were truly going to make a lasting impact for manufacturers, we had to deliver legislation that gave them the confidence to invest in equipment, hire workers, and plan for the long term – and that’s exactly what we did," he said. "By preventing a massive tax hike and locking in permanent, pro-growth tax policies, we gave manufacturers the certainty they needed to grow. One year later, we’re seeing the results, with success stories from manufacturers in all 50 states."
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Senate Finance Committee Chairman Mike Crapo, R-Idaho, added in a statement that, "One year in, the results are clear – the Working Families Tax Cuts are strengthening our economy, boosting American manufacturing and creating greater opportunities for workers for years to come."
https://www.foxbusiness.com/economy/manufacturers-say-gop-tax-law-protected-jobs-preserved-wages-economic-growth-across-every-stateGlobal Value Chain Trade Reaches Historic Highs, Despite Push for Reshoring
UNITED NATIONS, July 21 (IPS) - Despite rising geopolitical tensions, trade restrictions and calls to bring production back to domestic shores, the global economy remains more interconnected than it may appear. Trade through global value chains (GVCs) reached historic levels in 2024, according to a new report from the Organisation for Economic Co-operation and Development (OECD).
https://www.globalissues.org/news/2026/07/21/43628 {"url":"https://static.globalissues.org/ips/2026/07/A-container-terminal_-100x100.jpg"}Ryanair CEO says foreign object may have caused Greece window incidentRyanair CEO Michael O'Leary says foreign object damage on takeoff likely caused a Boeing engine problem and broken window during a departure from Greece.
Ryanair CEO Michael O'Leary said on Monday that an initial finding from an investigation into a broken window incident earlier this month suggested "foreign object damage" and that the problem was caused by the aircraft's age or servicing conditions.
"Initial indication would suggest it looks like a foreign object damage to the engine on takeoff at Thessaloniki, but we don't have, we can't say that definitively," O'Leary told analysts after Ryanair's results for the April-June quarter.
O'Leary said the aircraft was 18 years old and that the engine had been fully serviced and overhauled within the last two years.
WHY A BLOWN-OUT PLANE WINDOW NEARLY SUCKED A PASSENGER OUTSIDE AT 16,000 FEET
He also said that a draft report on the incident would be released in under a month, with a more detailed report to follow.
On July 10, a piece of a Boeing 737's engine broke off the aircraft and smashed into a window shortly after takeoff from Thessaloniki, Greece, en route to Memmingen, Germany, according to video footage and the Federal Aviation Administration.
The plane lost pressure and was forced to make an emergency landing.
RYANAIR 'RELUCTANTLY' ENDS MANDATORY FEE FOR PARENTS TO SIT WITH CHILDREN AMID INVESTIGATION
A passenger was partly sucked out of the aircraft during the incident, but his wife and other passengers were able to grab him and pull him back inside.
The 61-year-old passenger was hospitalized after he suffered neck and shoulder injuries as well as friction burns.
Flight records show the aircraft, which was delivered new to Ryanair in 2008, had been climbing past 15,000 feet about six minutes after takeoff before then descending to about 6,000 feet. The aircraft remained at the lower altitude for about 30 minutes to burn fuel before returning to Thessaloniki about an hour after departure, according to flight-tracking site Flightradar24.
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The National Transportation Safety Board is investigating the incident.
If damage to the aircraft was caused by an external object, it could reduce Boeing's and Ryanair's responsibilities in the incident.
Reuters contributed to this report.
https://www.foxbusiness.com/fox-news-travel/ryanair-foreign-object-greece-plane-window-incidentBurger King unveils 'Whopper Guarantee' with free burger if order misses the markBurger King is rolling out a new Whopper Guarantee initiative and dedicated customer service team after thousands of guests shared feedback with the chain.
Burger King is making a major push to improve customer satisfaction, announcing Monday that it will remake any unsatisfactory Whopper for free and offer guests a complimentary Whopper on their next visit.
The fast-food chain said the "Whopper Guarantee" initiative will launch alongside a new team of employees called "Your Way Champions," who will be specifically dedicated to addressing customer needs rather than solely overseeing restaurant operations.
"Burger King is introducing two new initiatives designed to improve the moments Guests told the brand matter most – providing a consistent, accurate and welcoming in-restaurant experience – by introducing Your Way Champions and the Whopper® Guarantee," the Florida-based chain said.
The move comes about four months after Burger King launched a listening initiative inviting guests to share feedback directly with company President Tom Curtis through his phone number. The chain said it received thousands of calls and texts highlighting areas for improvement.
BURGER KING MAKES CHANGES TO SIGNATURE WHOPPER FOR FIRST TIME IN NEARLY A DECADE
Under the Whopper Guarantee, guests can have any Whopper remade immediately for free if it does not meet their expectations.
The company will also offer guests a complimentary signature burger on their next visit to make up for the inconvenience.
"Guests expect to have it served hot, and exactly the way they ordered it. That's why if a Whopper® doesn't meet a Guest's expectations, the brand will not only continue to remake it on the spot, but they'll offer the Guest's next Whopper for free," the chain said.
WISCONSIN DEMANDS $1M FROM BURGER KING FRANCHISEE OVER ALLEGED VIOLATIONS
To redeem the offer, guests can scan a QR code inside their Whopper box to receive a unique six-digit code that can be used for a free classic Whopper during their next Burger King visit.
The new Your Way Champions will serve as a "clear point of contact" for guests throughout their visit, helping ensure orders are prepared correctly and resolving issues when needed.
Employees in the role will be identifiable by their Your Way Champion uniforms and will welcome guests, double-check orders, focus on customization requests and provide assistance aimed at creating a more guest-focused experience.
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"When Guests choose us, they expect high-quality food, orders made the way they asked, and a team that's there when they need us," Burger King said. "That's what these changes are about. We're raising the standard in our restaurants, so every Guest feels like they made the right choice."
Burger King said additional initiatives based on guest feedback will roll out throughout the year, including new menu announcements expected later this summer.
https://www.foxbusiness.com/lifestyle/burger-king-unveils-whopper-guarantee-free-burger-order-misses-markNew Boeing aircraft development hampered by backlog of existing orders, says CEOThe aerospace giant is evaluating a possible new airplane design but says it must first improve its finances, technology and aircraft deliveries.
Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible new airplane design but is not yet ready to move forward.
Ortberg, who became president and CEO in August 2024, said Boeing is spending "time and money" evaluating its options and preparing to introduce a new design when the company is ready, according to The Wall Street Journal.
"We don’t have a firm configuration right now," Ortberg said ahead of the Farnborough International Airshow near London. "We’re evaluating trade studies. You create a baseline, and you evaluate things against the baseline, and then you change."
TRUMP ANNOUNCES CHINA WILL BUY 200 BOEING JETS AFTER XI TALKS: ‘A LOT OF JOBS’
Before launching a new airplane, Boeing wants to improve its finances, develop the necessary technology and deliver aircraft that are already behind schedule, Ortberg said.
"Certainly, getting our financial house in order is a part of our being ready," Ortberg said. "That’s going to take another couple years."
Boeing is currently focused on delivering delayed models, including its long-awaited 777X wide-body jet, The Wall Street Journal reported.
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"Orders are not our challenge," Ortberg said. "Our challenge is getting these orders delivered."
Boeing also kept the 777X in the U.S. rather than conducting demonstration flights at the Farnborough airshow while the aircraft awaits Federal Aviation Administration (FAA) certification, according to The Wall Street Journal.
The FAA could approve Boeing’s 737 MAX 7 as soon as late July. Ortberg said he expects the larger MAX 10 to follow not long afterward, the outlet reported.
AIRLINES WARN CHANGING DAYLIGHT SAVING TIME WOULD DISRUPT SCHEDULING
Ortberg said airline customers want Boeing to focus on improving production and reliability across its current lineup before introducing a new jet, according to CNBC.
Boeing and Airbus dominate the large commercial aircraft market, and a future Boeing airplane could help the company compete with Airbus’ A320 family, the outlet reported.
The comments come as Boeing adds to its order book. In May, President Donald Trump said Chinese President Xi Jinping had agreed to order 200 Boeing jets during a high-level meeting in Beijing.
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Boeing could not immediately be reached by FOX Business for comment.
https://www.foxbusiness.com/markets/new-boeing-aircraft-development-hampered-backlog-existing-orders-says-ceoLARRY KUDLOW: President Trump has crossed his own RubiconThe commander in chief grasps that destroying the regime at Tehran is what history demands
Let me quote from Truth Social, a very important quote from the president: "Every time Iran kills an American soldier, they will pay for that killing many times over." The president adds that "This directive has been passed on to Secretary of War Pete Hegseth, Chairman of the Joint Chiefs of Staff Daniel Cain and every leader in the military." That was from President Trump’s Truth Social platform today. Let me just say, I fully support him and I fully support those sentiments.
And to some extent, I think this is a moment of truth for the president with respect to completely destroying the barbaric, totalitarian, Nazi-like regime that is still running Iran. They crossed his red lines by not reopening the Strait of Hormuz and continuing to develop their capabilities on the nuclear front. Those were the red lines, and they crossed them. He is now responding with major force, and this is where the game can finally be ended. Now, it’s being reported that America is increasing our aircraft numbers in the Middle East theater. America is planning to send additional F-16 and F-35 fighter jets from bases in Europe, plus additional aerial refueling tankers.
Also widely reported was the Situation Room briefing with various options such as capturing Kharg Island or bombing Pickaxe Mountain. Again, my hope is the president pursues both options. Capturing Kharg Island would be a Venezuela-like takeover of Iran’s oil and energy and economic capabilities. We, meaning America, can refine and export the oil better than Iran can, put it on ships and increase the world’s oil supply.
They’re bringing down prices, but the money won’t go to the Islamic Revolutionary Guard Corps regime. It’ll either be escrowed or given to our Gulf allies to rebuild from Iranian bombing damage. We can do the oil story with minimum invasion. And maximum world economic benefits.
And as for Pickaxe Mountain, my view is that any remaining nuclear capabilities should be smashed. And importantly, let’s bring in our Israel ally to help us as they always have, despite some egregious and foolhardy sniping at Israel from a senior administration source.
Israel can help us in so many ways. And they’re supplying plenty of intelligence to our Gulf allies, including the Saudis, and they’re working hand in glove with our CIA. One thought I have is for Israel and the American secret service is to identify and supply Iranian dissidents with as much military and other help as possible to overthrow the IRGC regime.
There’s a Ronald Reagan element to this. As the Gipper helped arm Poland, and so many other Eastern European states, to overthrow Soviet communism. Working with Margaret Thatcher and Pope John Paul II, Reagan’s goal of overturning Soviet communism was realized. Why not try this with Iran? Perhaps we are already trying. There’s nothing wrong with conducting some kind of diplomacy while the military options are implemented and the daily bombing continues.
Yet I think as far as Mr. Trump is concerned, he is intent on destroying the regime. He knows this is what history demands. They must not have any nuclear capabilities at all. And they must open the Strait of Hormuz. And if Iran won’t do it, we will do it for them. Mr. Trump knows this is about America First freedom. He’s not concerned about the midterm elections in my view, but he realizes that doing the right thing will be its own benefit. This is history.
https://www.foxbusiness.com/politics/larry-kudlow-president-trump-has-crossed-his-own-rubiconTrump administration hits Canada with 50% tariff over alleged trade 'discrimination'The Trump administration will impose a 50% tariff on certain Canadian imports next month, arguing Canada's tax policies unfairly discriminate against American businesses.
The Trump administration on Monday announced it will impose a 50% tariff on certain Canadian imports, citing what officials called trade "discrimination" against American businesses.
The duties will take effect Aug. 19 under the Tariff Act of 1930 and target a range of Canadian goods, including certain food products, wearables, synthetic materials and industrial goods.
Officials said Canada’s current trade policies unfairly target three U.S. sectors — vehicle, dairy and alcohol exports — contributing to a significant decline in American sales while giving foreign competitors an advantage.
"I find that it is necessary and appropriate and in the public interest to impose an additional ad valorem duty of 50 percent on certain products of Canada," a presidential proclamation said.
US DECIDES NOT TO RENEW USMCA TRADE PACT, WILL SEEK SEPARATE DEALS WITH CANADA, MEXICO
"The United States, U.S. businesses and workers, and U.S. commerce suffer from Canada’s discriminatory, unequal, and unreasonable tariff scheme."
Canadian Prime Minister Mark Carney condemned the move, calling it a "direct violation" of the Canada-United States-Mexico Agreement (CUSMA), the free trade pact among the three countries.
Carney said Canada is prepared to intensify discussions with the U.S. in the coming weeks to resolve the dispute.
"Canada stands ready to engage intensively to address outstanding issues with the U.S. to the mutual benefit of our citizens," the prime minister said. "In all circumstances, Canada will work relentlessly and take any measures necessary to build our strength at home and to support Canadian workers, farmers, businesses, and families."
A senior administration official told FOX Business correspondent Edward Lawrence that the tariffs are not intended to spark a trade war, but to counter what the White House views as discriminatory Canadian trade measures.
"This is not a trade war with Canada. These are defensive measures by the United States taken to remedy discriminatory actions by Canada," the official said.
"By doing this, President Trump is leveling the playing field for crucial American exports motor vehicles, alcohol and dairy."
The administration framed the move as an effort to restore fair competition, protect U.S. manufacturers and workers, and pressure Canada to remove what it called restrictive surtaxes.
Among various products, the tariffs will apply to certain alcohol, paper and wood products, sports equipment, milk products, sugars, agricultural goods, chemicals, paints, cosmetics, synthetic materials, leather goods, clothing, footwear and electronics.
Senior administration officials told FOX Business that products such as wine, hockey sticks and cement will be affected, while energy, potash, fish and critical minerals will be exempt.
BESSENT LAYS OUT 5 PRINCIPLES GUIDING TRUMP ADMIN'S APPROACH TO ECONOMIC STATECRAFT
According to the presidential proclamations, Canada has maintained a 25% tariff scheme since April 9, 2025, targeting American-made motor vehicles and parts.
The administration also accused Canada of using a quota system that limits the number of U.S.-made vehicles allowed into the country tariff-free. Officials said the system further penalizes companies that move manufacturing jobs out of Canada and back to the U.S., effectively pressuring American companies to keep production north of the border.
"Canada also administers these quotas in a way that compels U.S. auto companies to invest in production in Canada instead of the United States," a senior official said.
CANADA LIFTS TARIFFS ON SOME US GOODS TO RESUME TRADE TALKS
The White House said U.S. vehicle exports to Canada declined 22% in one year, falling from $25.9 billion to $20.3 billion.
Meanwhile, foreign competitors reportedly gained market share, with imports of Mexican-made vehicles into Canada increasing 23.6%, representing nearly $2 billion in additional sales. Imports from Japan, South Korea and Germany also increased between 10% and 13.5%, according to the administration.
The White House also pointed to Canadian restrictions on U.S. alcohol exports, saying sweeping bans on American alcoholic beverages began in March 2025.
Canadian imports of U.S. alcoholic beverages fell about 81%, dropping from $718 million to $137 million compared with the same period the previous year, officials said.
Imports from non-U.S. countries increased by more than $170 million, with the European Union accounting for more than $100 million of that growth, according to the White House.
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For the dairy industry, the administration alleged Canada excluded U.S. retailers from accessing tariff-free quotas while allowing other countries to benefit.
https://www.foxbusiness.com/politics/trump-administration-hits-canada-50-tariff-over-alleged-trade-discriminationFrom the General Assembly to Harlem: Mandela’s Call to Action Endures
UNITED NATIONS, July 21 (IPS) - Sixty-seven minutes. That is how long volunteers spent serving lunch to people experiencing food insecurity at Refettorio Harlem in New York City last week – one for every year Nelson Mandela gave to public service.
https://www.globalissues.org/news/2026/07/21/43627 {"url":"https://static.globalissues.org/ips/2026/07/from-the-general_1-100x100.jpg"}Global AI Governance Cannot Wait As the Digital Divide Widens
UNITED NATIONS, July 20 (IPS) - Throughout July 2026, various United Nations (UN) bodies and global experts have underscored the need for increased comprehensive artificial intelligence (AI) governance. Although AI yields significant potential gains for global development, persistent structural barriers continue to impede equitable access and deepen the digital divide.
https://www.globalissues.org/news/2026/07/20/43619 {"url":"https://static.globalissues.org/ips/2026/07/United-Nations-Secretary__-100x100.jpg"}Starter home affordability is crawling back. These regions are best for first-time buyersThe income needed to afford a typical starter home has jumped from $43,000 to $78,000 since 2019, with monthly payments up more than 80%.
Americans who are looking to buy a home for the first time are seeing some gradual improvement in affordability, though the market remains far more challenging than it was before the COVID-19 pandemic – particularly in some parts of the country.
A new analysis by Realtor.com finds that the cost of a typical starter home has risen from $256,000 in 2019 to $344,000, while the share of affordable listings priced under $350,000 has fallen from 55% to 37.6% in that period.
Realtor.com senior economist Hannah Jones told FOX Business that the market for starter homes has changed "dramatically" since the pandemic, with shifts driven by higher mortgage rates and inventory limitations.
"Factoring in mortgage rates, the income needed to qualify has risen from $43,000 to $78,000, a jump that incomes haven't matched, and monthly payments are up more than 80% since 2019," she said. "Altogether, buyers are paying more for less and the squeeze is most severe for the bottom tier of earners."
WHY HOMEBUYERS ARE RACING TO THIS PENNSYLVANIA PORT CITY
Those dynamics have contributed to a rise in the age of the average first-time homebuyer to 40 years old, with Jones noting that the share of first-time buyers was only 30% a year ago – though it recovered somewhat to 35% in May.
"The profile has shifted toward higher-income households who can qualify at current rates, because lower-income buyers have largely been priced out," she said.
"More households are pooling resources, living with parents longer to save, or relocating to more affordable markets. The practical effect is that today's starter home buyer increasingly resembles the move-up buyer of a decade ago," Jones said.
MORTGAGE RATES JUMP TO HIGHEST LEVEL IN ALMOST A YEAR
The report noted that there are 220,000 more starter homes for sale compared with 2022, with prices down 4.2% from that period, so there has been improvement in the last few years after the pandemic shock.
Jones said that most of that change is due to new construction – much of which has occurred in the South – while homeowners with relatively low mortgage rates are largely remaining in place due to their reluctance to take on a higher-rate mortgage after moving.
"Builders in Texas, Florida, and the Carolinas drove the South's recovery by bringing supply to market just as demand moderated," she said. "Lock-in is still very much in play nationally, with almost 70% of outstanding mortgages at 5% or below. Life-event-driven turnover is happening at the margins, keeping the market cranking, but hasn't meaningfully unlocked existing inventory more broadly yet."
HOUSING AFFORDABILITY TO IMPROVE AS HOME PRICE GROWTH COOLS, REALTOR.COM FORECASTS
Jones said that while the national picture for the starter home market is slowly improving, the outlook across various regions of the country varies widely.
"The South is the clearest bright spot, with starter home prices down 3.5% from peak and 170,000 more sub-$350K listings, driven by aggressive Sun Belt construction. The West has also seen real price correction, down 7.3% from peak, though gains are concentrated in markets like Phoenix and Denver rather than California's coast," she said.
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"The Midwest remains the most affordable region but is losing that edge, with prices up 10% since 2022," Jones noted. "The Northeast is the hardest story: prices up 12.6% since 2022, affordable listings down from 48% of inventory pre-pandemic to under 30% today."
https://www.foxbusiness.com/economy/starter-home-affordability-crawling-back-regions-best-first-time-buyersIconic candymaker to lay off hundreds, move US headquarters out of New JerseyMars Wrigley filed a WARN notice to cut 307 jobs at its Newark headquarters, ending its presence in the New Jersey city as it shifts to Chicago.
Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from Newark, New Jersey, to an expanded facility in Chicago.
The company on Friday submitted a WARN filing with the state of New Jersey that indicated it will eliminate 307 jobs at its Newark headquarters by mid-October, which will end the company's presence in the city.
The candymaker, which is a division of Mars Incorporated, has a brand portfolio including M&M's, Snickers, Milky Way, Twix and Skittles.
The move comes after the company spent $100 million to expand its footprint in Chicago, where its global headquarters is now located.
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The New Jersey Business & Industry Association (NJBIA) said the news of another departure of a high-profile company comes as another warning sign that the state needs to improve its business climate.
"On a summer Friday when people should be getting excited about the weekend ahead, we are instead hit with the news of another unfortunate exodus of a job creator in New Jersey," said NJBIA CEO Michele Siekerka.
"We need to wrap our arms around this and do something now that sends a message to our largest employers that things are going to change so we can stop this disturbing trend," Siekerka added.
BELOVED CANDY COMPANY SHUTTERS AFTER 141 YEARS AS COSTS SOAR
Mars Wrigley has indicated it will continue to operate its manufacturing facility in Hackettstown, New Jersey, despite shifting corporate operations to Chicago.
"Following a comprehensive review of our Mars Snacking North American office footprint, we will be sunsetting the Newark Market Hub for Mars Snacking Associates by December 2027, consistent with our previously communicated move to Chicago," Mars said in a statement. "This decision is part of our broader strategy to position Mars Snacking for long-term growth and strengthen our operations in key locations across North America."
Mars said it would provide relocation opportunities and support to affected employees.
Mars Inc. acquired Chicago-based gum-maker Wrigley in 2008 and has grown its presence in the area recently following the acquisition last year of Kellanova, a Chicago-headquartered maker of snack foods like Pringles and Cheez-It that was spun off from Kellogg.
NJBIA noted that New Jersey has lost over 9,700 jobs disclosed through WARN notices this year alone, and it comes against the backdrop of other high-profile corporate departures.
In June, Samsung announced it would relocate its corporate headquarters from Englewood Cliffs, New Jersey, to Texas this year.
Additionally, ExxonMobil shareholders voted to switch the energy giant's state of incorporation from the Garden State, where it has been domiciled for 144 years when it began as Standard Oil of New Jersey, to Texas.
https://www.foxbusiness.com/markets/iconic-candymaker-lay-off-hundreds-move-us-headquarters-out-new-jerseyGeneral Motors is set to report earnings before the bell. Here's what Wall Street expectsWall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.{}
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current pricesComments from JPMorgan Chase CEO Jamie Dimon contrast with investors' recent willingness to look past wars, tariffs and other shocks.{}
Changing Age Distributions of Populations
PORTLAND, USA, July 20 (IPS) - In many countries, older adults (aged 65 and above) now outnumber younger individuals (under the age of 18), reflecting a significant demographic transformation known as demographic ageing.
Read the full story, “Changing Age Distributions of Populations”, on globalissues.org →
https://www.globalissues.org/news/2026/07/20/43618 {"url":"https://static.globalissues.org/ips/2026/07/ageingandshrinkingpopulationsmain-100x100.jpg"}Efficiency Becomes the World’s ‘First Fuel’ as Leaders at IEA Conference Chart Course for Cleaner, More Secure Energy Future
SRINAGAR, India, July 20 (IPS) - As geopolitical tensions, rising electricity demand and climate pressures reshape the global energy landscape, more than 600 energy ministers, chief executives, financial leaders and policy experts gathered in Montreal, deliberating upon how to deliver at an unprecedented scale.
https://www.globalissues.org/news/2026/07/20/43617 {"url":"https://static.globalissues.org/ips/2026/07/IEA-1.png"}Paramount-WBD merger on hold after judge grants temporary restraining orderCalifornia District Judge Araceli Martínez-Olguín approved a temporary restraining order, putting a 14-day pause on the Paramount-Warner Bros. Discovery merger.
Paramount Skydance’s planned takeover of Warner Bros. Discovery hit a snag on Monday when a judge granted a temporary restraining order on the merger.
Paramount CEO David Ellison is seeking to acquire WBD in a $111 billion deal that was expected to close during the third quarter of this year, but California Attorney General Rob Bonta is leading a group of 12 state attorneys general who filed a lawsuit challenging the merger. The lawsuit claims the megadeal would "lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S."
After a Friday hearing, California District Judge Araceli Martínez-Olguín approved the temporary restraining order, putting a 14-day pause on the merger and blocking closure of the transaction.
"Having read the papers filed by the parties and carefully considered their arguments therein and those made at the hearing, as well as the relevant legal authority, and good cause appearing, the Court GRANTS the motion for TRO," the judge wrote.
The lawsuit, filed in the U.S. District for the Northern District of California, claims that the merger violates Section 7 of the Clayton Act, which holds that mergers that may substantially lessen competition or tend to create a monopoly are illegal. Both sides argued their case on Friday but Martínez-Olguín initially declined to make a ruling from the bench, instead taking the weekend to think it over.
"Because the Plaintiff States raise serious questions on the merits of their Clayton Act claim and because the balance of equities and public interest tip sharply in favor of the Plaintiff States, the Court ultimately finds the public interest favors their requested TRO to stay the merger in the interim," the judge wrote.
"Defendants are temporarily enjoined and restrained from closing or consummating the Transaction or taking any steps, directly or indirectly, to integrate or consolidate their operations pursuant to the Transaction," Martínez-Olguín continued. "This Order extends to Defendants’ agents, officers, servants, employees, attorneys, and other persons who are in active concert or participation with Defendants."
Plaintiffs’ motion for preliminary injunction is due by July 23, the Defendants’ opposition brief is due by July 27, and the Plaintiffs’ reply is due by July 30. A hearing on Plaintiffs’ preliminary injunction motion at 3:00 p.m. on Monday, August 3.
WARNER BROS DISCOVERY SHAREHOLDERS APPROVE PARAMOUNT SKYDANCE DEAL
"My office and attorneys general nationwide have secured an emergency order blocking the unlawful merger of Warner Bros. and Paramount. This is a critical first win in our case to ensure this megamerger never sees the light of day," Attorney General Bonta said in a statement.
"History tells the tale of what happens when a few people have great power over markets that are central to Americans' lives: fewer opportunities for more people, worse products and services for all people," Bonta continued. "With our lawsuit, we’re fighting for a free and fair market and a thriving film and television industry that serves creatives and audiences alike. We have a full tank of gas, the law on our side, and look forward to continuing to make our case."
Paramount said it is grateful for the court’s swift order on the motion.
"Like the timing agreement to which we were willing to stipulate, this TRO preserves the status quo while the Court considers the antitrust issues presented," a Paramount spokesperson told Fox News Digital.
"We are confident the evidence will demonstrate that the State AGs' antitrust arguments are without merit as their alleged markets and claims of anticompetitive effects are without any basis in modern market realities," the spokesperson continued. "This merger is lawful, pro-competitive, and will benefit consumers, creators, workers, and the entertainment industry. We will continue to vigorously defend the transaction and will look forward to the hearings on the substance of the State AGs’ action."
The Justice Department (DOJ) announced last week it has closed its antitrust investigation into Paramount Skydance's proposed acquisition of WBD, concluding the transaction is not likely to harm competition or American consumers.
The Antitrust Division said its eight-month review examined more than two million documents and found the deal could strengthen competition across the media and entertainment industry, including in streaming video, traditional television and theatrical film distribution. However, state attorneys general retain independent authority under antitrust laws.
Ellison, the son of billionaire Oracle co-founder Larry Ellison, took control of Paramount last year when Skydance Media and Paramount Global completed an $8 billion merger. Adding WBD to his portfolio would make the younger Ellison one of Hollywood’s most powerful people.
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This is a developing story. Please check back for updates.
https://www.foxbusiness.com/media/paramount-wbd-merger-hold-after-judge-grants-temporary-restraining-orderJohns Hopkins surgeon highlights AI breakthrough that could spot pancreatic cancer before doctorsAI is accelerating drug discovery and cancer detection, but a Johns Hopkins surgeon says it is still "very early days" for measuring its full impact.
Artificial intelligence is rapidly changing cancer care, with researchers developing tools that could help identify some of the deadliest cancers much earlier than doctors can on their own.
Dr. Peter A. Najjar, a surgeon and Johns Hopkins Health System's clinical innovation vice president, joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss how artificial intelligence is already helping researchers improve cancer detection, speed up drug development and make patient care more efficient, while stressing that more real-world evidence is still needed before its full impact can be measured.
Najjar pointed to recent research involving pancreatic cancer, saying artificial intelligence models are helping researchers recognize patterns that would otherwise take physicians decades of experience to identify.
Pancreatic cancer is one of the deadliest forms of cancer because it is often diagnosed after it has already spread beyond the pancreas. According to the American Cancer Society, the overall five-year relative survival rate is just 13%. But when pancreatic cancer is detected before it spreads outside the pancreas, the five-year survival rate increases to 44%.
The disease has claimed the lives of several well-known public figures, including Apple co-founder Steve Jobs, who died from a rare form of pancreatic cancer; actor Patrick Swayze, known for his role in "Dirty Dancing"; and beloved "Jeopardy!" host Alex Trebek, underscoring the devastating toll of a disease that is often difficult to detect in its earliest stages.
"Researchers were able to identify signs of pancreatic cancer up to 16 months ahead of human readers," Najjar said. "Detection always allows us more treatment options."
Beyond early detection, Najjar said artificial intelligence is also accelerating drug discovery by allowing scientists to test potential treatments using computer models before moving into laboratory testing.
HOW ARTIFICIAL INTELLIGENCE IS TRANSFORMING HEALTHCARE
"Many cancer treatments are around figuring out which molecule binds to the right protein for a given cancer," Najjar said, explaining that AI "dramatically speeds up drug development."
While the technology has generated enormous excitement, Najjar cautioned against overstating its current capabilities.
"We absolutely need to move full speed ahead to bring this promise to our patients in the clinic," he said. "But it is still very early days."
For now, one of artificial intelligence's most immediate benefits is improving the patient experience. Najjar said AI-powered medical scribes can organize records before appointments and automatically document visits, allowing physicians to spend less time typing and more time focused on their patients.
https://www.foxbusiness.com/media/johns-hopkins-surgeon-highlights-ai-breakthrough-spot-pancreatic-cancer-before-doctorsThe FDA made a big reversal in its cyclosporiasis probe, but it still thinks iceberg lettuce is to blameThe FDA's investigation into the source of the cyclosporiasis outbreak is causing confusion as companies and consumers alike navigate new updates.{}
Paramount and Warner Bros. merger hit with temporary restraining orderA California judge granted a temporary restraining order as part of the lawsuit brought by state attorneys general due to antitrust concerns.{}
Communities vs. Datacentres
LONDON, July 20 (IPS) - Few things unite Donald Trump’s most ardent supporters with the Democratic Party’s progressive wing, but datacentres are one of them. Across the USA, communities are joining forces across the political divide to oppose developments few want but governments seem determined to impose.
Read the full story, “Communities vs. Datacentres”, on globalissues.org →
https://www.globalissues.org/news/2026/07/20/43616 {"url":"https://static.globalissues.org/ips/2026/07/People-collect_-100x100.jpg"}Palestine Must Not Disappear
LONDON, July 20 (IPS) - We have just concluded a visit to the West Bank, Israel, Jordan and Lebanon. From all that we have witnessed and heard, our inescapable conclusion is that the government of Prime Minister Netanyahu, and in particular Ministers Smotrich and Ben-Gvir, aim to make Palestine disappear physically, economically, culturally and politically. Yet other governments either are choosing not to see this or lack the will to take meaningful concerted action.
Read the full story, “Palestine Must Not Disappear”, on globalissues.org →
https://www.globalissues.org/news/2026/07/20/43615 {"url":"https://static.globalissues.org/ips/2026/07/Elders-meet_-100x100.jpg"}Inside the AI boom: A talent chief's playbook for winning in the job marketAn AI talent chief says employers increasingly value curiosity, adaptability and AI skills over years of experience as the technology reshapes the job market
As artificial intelligence reshapes workplaces across industries, one hiring executive says job seekers worried about AI replacing them may be focusing on the wrong challenge.
Instead of looking for candidates with years of AI experience, employers increasingly want workers who can prove they're willing to learn, according to Sultan Khan, head of talent acquisition and human resources at San Francisco-based OpenArt AI.
"The willingness to learn is the biggest thing that we really need right now," Khan told FOX Business. "The people that are open to learning are the ones that we're seeing grab jobs really quickly in this current landscape."
His comments come as employers increasingly seek workers with AI skills. According to PwC's 2025 AI Jobs Barometer, the skills required for AI-exposed jobs are changing 66% faster than in other occupations, while workers with AI skills receive an average 56% wage premium compared with those in similar roles.
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OpenArt, an AI-powered creative platform with more than 8 million monthly users, has grown its workforce by roughly 300% over the past seven to eight months, according to Khan, and is hiring across engineering, product, design, marketing and creative roles.
But Khan said resumes packed with years of AI experience aren't necessarily what stand out.
"I think the biggest thing that helps make people stand out to me is when I see that they've done a lot of side projects or a lot of learning," he said, pointing to applicants who complete AI courses, earn certifications or experiment with AI tools on their own.
Because generative AI remains relatively new, Khan said recruiters understand many applicants won't have years of hands-on experience. Instead, he said, hiring managers are looking for people who show curiosity and adaptability.
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"The curiosity is another big thing," Khan said. "The ones that are really eager and willing to learn how to adapt it into their current workflow are the ones that are getting tons of calls from recruiters."
That mindset isn't limited to software engineers.
While OpenArt is recruiting engineers and product managers, Khan said the company is also hiring creative directors, designers and video editors who want to incorporate AI into visual storytelling.
"AI isn't the creative aspect of things," Khan said. "It's the human behind it. AI only does what you tell it to do."
Khan acknowledged concerns that AI could replace workers but argued the technology is more likely to change existing jobs than eliminate them.
"AI isn't going to eliminate jobs," he said. "It's just going to transform jobs as a whole."
His outlook echoes part of a broader trend identified by the World Economic Forum, which estimated in its 2025 Future of Jobs Report that technological advances, including AI, could create 170 million new jobs globally while displacing 92 million by 2030, resulting in a net gain of 78 million jobs. The report also found employers increasingly expect workers to build AI-related skills as adoption spreads.
For recent college graduates entering an uncertain labor market, Khan's advice is straightforward: start using AI before an employer asks you to.
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He recommends researching the AI platforms commonly used in a chosen field, building projects with those tools and showcasing that work on resumes and LinkedIn profiles.
"The biggest takeaway is really to start learning how to adopt into the AI space rather than only putting it under a negative light," Khan said.
https://www.foxbusiness.com/technology/inside-ai-boom-talent-chiefs-playbook-winning-job-marketCuomo sounds alarm on New York exodus: 'Don't chase people out' to southern statesAndrew Cuomo warns that socialist policies and aggressive taxes on the rich are driving a massive wealth transfer from New York to low-tax red states.
Former New York Governor Andrew Cuomo issued a stark warning to local leadership, arguing that the rise of Democratic socialist policies and aggressive new taxes on high-net-worth residents is directly causing capital to flee to low-tax red states.
Speaking in an exclusive FOX Business interview, Cuomo said that the current political climate is actively chasing wealth and corporations out of the Empire State in favor of southern tax havens, leaving mainstream Democrats divided over the party's economic future.
"Pick up the garbage, fill the pothole[s], do your job. Bring people to New York, create jobs, don't demonize corporations. Don't demonize the rich. Don't chase people out of New York, which is exactly what [Mamdani] is doing. And you're seeing the wealth transfer to southern states," Cuomo told Maria Bartiromo.
In April, New York City Mayor Zohran Mamdani and New York Gov. Kathy Hochul unveiled a joint legislative proposal targeting luxury second homes worth $5 million or more. Known as a pied-à-terre tax, the annual surcharge is expected to generate an estimated $500 million from affluent out-of-state property owners.
Mamdani has previously said revenue from the tax would go toward initiatives such as free childcare, cleaner streets and safer neighborhoods.
"Socialism has not worked anywhere on the globe," Cuomo said. "Promises of free lunch, free buses, free rent, free everything. There is no such thing as ‘free.’ Someone always pays. This is a dream. This is nirvana. This is utopia, and they’re selling to young people who are buying it. But it's not going to work. And this socialist movement is the best thing the Republicans have going for them."
"It is a major problem for the Democrats. And again, I think the energy comes from the anger of Trump, and they've misdirected that anger. But it is a real problem for the Democrats, and as I said before, it's the best thing the Republicans have going for them," he added.
According to the Citizens Budget Commission, New York City lost more residents across all income levels than it gained throughout 2025. The city's population posted a net loss of 114,000 residents.
Cuomo said he increasingly finds himself politically estranged from the modern Democratic Party, which he said has adopted highly disruptive regulatory and economic agendas.
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"The Democratic Party is in the middle of the Civil War, right? And you have moderate mainstream Democrats such as myself, which have been challenged by the far-left extremists," the former governor said.
"I'm too moderate for the Democrats, which is ironic, since I had the most progressive record as governor in the United States of America," Cuomo said while noting his anti-discrimination and minimum wage legislation. "It's not about facts. It's not about merits. It's about the politics of the moment, and right now, socialism is cool."
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What to know about testosterone replacement therapy as the U.S. military plans to test troopsWhile some research has shown benefits for patients who qualify, questions remain about the therapy's long-term risks and use among men without a medical need.{}
Dodgers star Mookie Betts' glove company becomes official glove of Perfect Game in landmark partnershipBetts’ glove company, LGND, announced Monday a landmark partnership with Perfect Game, the world’s largest youth baseball and softball platform and scouting service.
Los Angeles Dodgers superstar Mookie Betts has already influenced young players with his play over the years, and now they will be able to wear his glove.
Betts’ glove company, LGND, announced Monday a landmark partnership with Perfect Game, the world’s largest youth baseball and softball platform and scouting service, naming its glove the official glove of Perfect Game. The partnership will officially launch on July 27.
Betts told FOX Business that "it means a lot" that Perfect Game believed in him and his company.
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"It means a lot, man. It shows the belief that they have in my team, me, myself and the team, and what they have obviously, I think it's really going to affect the young people coming up, cause they can show their personalities," Betts told FOX Business in a recent interview.
"They can look and see that hopefully, one day all the big league guys that have the different models and they can aspire to be them."
Perfect Game Chairman Rick Thurman said the partnership is everything that represents what the youth baseball company is trying to be.
"This partnership represents everything Perfect Game strives to deliver to athletes, which is access, authenticity and products shaped by the needs of players," Thurman said in a news release.
"Mookie is one of the most accomplished and respected players in baseball, but beyond that, he understands what young athletes value. LGND was built with those athletes in mind, and we believe this will redefine expectations for baseball equipment partnerships."
The launch features premium glove lines, both of which were developed with player performance and feedback in mind.
The "Mook Series" features Betts’ signature stamped in the palm, his game-worn colorway and the iconic 50 Tri-Star logo embroidered on the thumb, giving players an authentic connection to a future Hall of Famer.
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The "MVRK Series" delivers the same premium Japanese leather construction and craftsmanship in a collection designed for players who want professional-level performance with distinctive styling and versatility across multiple positions.
Betts said he has been using the glove all year and said the integrity of the glove has held up. His goal with LGND is to allow young kids to express themselves through a glove, while also ensuring it is well-crafted.
Betts is a four-time World Series champion, American League MVP winner, an eight-time All-Star, a seven-time Silver Slugger and a six-time Gold Glove winner.
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https://www.foxbusiness.com/sports/dodgers-star-mookie-betts-glove-company-becomes-official-glove-perfect-game-landmark-partnershipTrump's first-term policies helped lower some insulin costs: HHS reportA new HHS study says policies during President Donald Trump's first term helped push some insulin prices below $35 for a 30-day supply.
A new study from the Department of Health and Human Services shows that policies in President Donald Trump's first administration helped lower some patients’ insulin costs below $35 for a 30-day supply.
FOX Business obtained a copy of the new report set to be released as early as Monday. It shows the executive orders signed by Trump in his first term helped push the price of insulin lower.
Trump signed four executive orders aimed at lowering costs of the life-saving treatment on July 24, 2020. The first ordered federally qualified health centers to pass along discounts received by drugmakers, instead of pocketing the benefit. The second allowed state health plans to import "safe" insulin and create a pathway for personal importation waivers at authorized pharmacies. The third banned secret deals with healthcare middlemen so drug manufacturing discounts go directly to customers. The fourth mandated that U.S. consumers pay the lowest price paid by other countries and opened the door for Medicare to negotiate terms of insulin payments.
A chart tracking the commercial and Medicare cost of insulin doses shows the policies contributed and almost immediately started lowering the cost of the medication. In fact, well before former President Joe Biden signed the Inflation Reduction Act into law in 2022, the price of a 30-day dose had fallen well below $35. The Act placed a cap on insulin at $35, and the former president often took credit for lowering the cost of the medications.
"While Joe Biden tried taking credit for $35 insulin, the data is clear: this was President Trump’s success alone, and the second Trump administration continues to harness competition and consumer empowerment with TrumpRx to deliver more relief for everyday Americans," White House senior deputy press secretary Kush Desai said in a statement.
Adam Gluck, the head of U.S. corporate affairs at Sanofi, said during an announcement of $35 insulin doses in September 2025 that "We will continue to work with policymakers and stakeholders across the healthcare system on additional sustainable, long-term solutions to improve access to medicines."
Novo Nordisk, in January 2024, said: "Novo Nordisk recognizes that some patients find it difficult to pay for healthcare, including insulin. As such, the Company remains committed to reducing the burden of out-of-pocket costs, helping transform the complex pricing system, and fostering better pricing predictability."
The Trump administration believes the introduction of TrumpRx.gov and use of its tariff policies will further reduce the cost of insulin in the future.
https://www.foxbusiness.com/politics/trumps-first-term-policies-helped-lower-some-insulin-costs-hhs-reportCalifornia wealth charts a quieter path to Florida as Gulf Coast enters multibillion-dollar boomTech IPO millionaires and longtime California families are trading homelessness and high taxes for Gulf Coast Florida's quieter luxury communities.
For decades, the standard play for wealthy out-of-state transplants was to head straight for the high-octane flash of Florida's East Coast. But as California’s housing affordability challenges, homelessness and proposals for higher taxes have pushed some families to a state of constant "high alert," a secondary corporate and residential gold rush is quietly emerging along the Gulf Coast.
Driven by an I-75 corridor stretching from Tampa to Marco Island, Hollywood elites and high-net-worth families are trading the challenges of major West Coast cities for what transplants describe as a "smaller, safer Beverly Hills," helping fuel a multibillion-dollar real estate boom in historically quiet retirement havens.
"This is actually very, very common, especially the younger that the family is. I think that the older the demographic gets, they are coming specifically for one reason, and that's either retirement or to be close to family. But when you have a younger family… or someone that just graduated college, they are looking for lots of different life transitions to happen, wherever that is. So they are not just looking for where they're familiar with vacationing and what that kind of lifestyle is, they want to know what it's like to live there," Compass agent and Naples native Madeline Tracy told Fox News Digital.
Her clients, longtime Los Angeles actors Philip Levens and Carolyn Stotesbery, recently purchased a home in Naples after spending more than two decades in California.
SILICON VALLEY ELITE DROP RECORD WEALTH TO BUILD FLORIDA'S NEW ‘TECH CAPITAL’
"I flew into Tampa, St. Pete, Sarasota, went all the way down the coast and I kept saying, ‘No, this isn't where I would want to live.’ And I was actually getting a little depressed thinking, okay, well, maybe this side of Florida isn't what we need," Levens recalled. "I remember I drove to downtown Naples, and then I took a right there that goes to the dead ends of the beach. I got out of the car… I called my wife and I said, ‘This is where we're going to live.’"
"He was FaceTiming me from the beach," Stotesbery said, "and he just had a sparkle in his eye, and showed me the beach and the city, and loved the architecture and the colors, and it just really called to us."
"Tampa down to Naples is a unique corridor because it gives you, in that two-and-a-half-hour geographical drive that you would have… you have both culture, you have the arts there, but you're able to settle in a more quaint community that isn't as urbanized as it may be on the East Coast," Kolter Urban Senior Vice President Ed Jahn told Fox News Digital.
The Gulf Coast migration could soon see an extra boost as newly-minted millionaires from tech IPOs like SpaceX — and eventually Anthropic and OpenAI — move their capital and residencies to tax-friendly Florida, finding more price flexibility along the state’s western coastline as markets like Miami become oversaturated.
For Levens and Stotesbery, their move is fueled by what they describe as a desire to escape concerns about public safety and city governance in major metropolitan areas such as Los Angeles.
"The first thing I notice is there's no homeless people in homeless tents, [homeless] cities and garbage," Levens said. "When you come from a city that is not well-run, like Los Angeles, you immediately notice the difference, and just everything seems to work."
"I was walking my daughter in the stroller in Los Angeles and there was a homeless man like lying on the ground while I was strolling past," Stotesbery said. "It just really kept my nervous system on high alert, and so when we came here, just the entire vibe of the city made us feel just more at ease and peaceful."
Naples has transformed significantly over the last 15 years from a quiet retirement town with agricultural remnants into an elite luxury destination that now attracts premier global brands. Upon his first visit, Levens said it reminded him of Beverly Hills.
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"Downtown Naples has a very similar architectural style to Beverly Hills. That struck me right [away], I saw that immediately. But also, Beverly Hills is a very clean, safe area, but it's still surrounded by Los Angeles. And so you don't have that here. You have swamps or... the ocean," he explained. "So Naples as a whole is much safer than Beverly Hills, and it's cleaner, too."
"When I was five years old, okay, Waterside Shops was not Waterside Shops. It was a strip mall with a Victoria's Secret in it, and next to the CVS was a chicken farm. So it has so drastically changed over time with just the commercial aspect of it really building up," Tracy added. "They do have this exclusivity feel, but also this extension of feeling like, oh, this feels like home, this feels something familiar where I just came from that you can't get [anywhere] else."
"The East Coast did seem quite hustle-and-bustle for us and our family," Stotesbery also noted. "Peacefulness was a big part of what I valued for my daughters growing up and our children in general… If we wanna go off for a weekend to Miami, like we can go off for a weekend to Miami or to Delray or the East Coast, have a date night over there, bring in grandma, watch the kids. But what do we want for our overall experience day to day?"
The wave of liquid capital emanating from recent gains in the technology sector, private-company liquidity events and financial markets has lowered the average age of luxury buyers, creating a younger class of affluent primary residents. This trend has benefited developers like Kolter Urban, which has more than $3.2 billion invested in active Gulf Coast developments.
"These buyers that are in the financial markets, whether they're in cryptocurrency... or private equity, that group of buyer wants flexibility, wants convenience. And the urban condo high-rise lifestyle that is centered in great walkability areas, such as Sarasota, St. Pete, Tampa, down in Naples, offers them that," Jahn said.
According to the local real estate professionals and recent transplants, overcoming the hesitation to relocate often leads to a ripple effect: Once a household makes the move, friends and colleagues in higher-tax states frequently express interest in following suit.
"Focus on the lifestyle, not the house. You can make a house into a home by changing the floors, by changing whatever you want. But it's so, so important that you do what Carolyn and Philip did and come down, experience the neighborhoods," Tracy encouraged.
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"It's a big move from California to here. It's 3,000 miles and there's a lot of things your friends say, ‘Why? How can you leave?’" Levens said. "So it's a difficult move, but I would say just do it... Fortune smiles on the bold. Just make the move and things will fall into place the way you need them to."
"There's always a reason to talk yourself out of something like this," Stotesbery said. "But when you decide, 'I want to change, I want a new lifestyle, this isn't working for me anymore,' and you stop procrastinating and move past that fear and that anxiety, it's so worth it."
https://www.foxbusiness.com/real-estate/california-wealth-maps-quieter-path-florida-gulf-coast-enters-multi-billion-dollar-boomFDA says Taylor Farms Cyclospora lettuce test was a false positiveThe FDA says its lab finding of Cyclospora in Taylor Farms lettuce linked to the Taco Bell outbreak was a false positive after experts re-reviewed results.
The Food and Drug Administration said Sunday that a Taylor Farms lettuce sample initially reported as positive for Cyclospora should be considered a false positive following an additional laboratory review.
"Due to the complexity in detection of Cyclospora, FDA laboratory experts re-reviewed the sample results and have concluded that the finding does not represent true amplification and should be considered a false positive," the agency said.
The FDA said no product samples had produced a confirmed positive result for Cyclospora as of Sunday.
TAYLOR FARMS LETTUCE SAMPLE TESTS POSITIVE FOR CYCLOSPORA AS RECALL EXPANDS
Taylor Fresh Foods said the FDA informed the company that the initial result was incorrect.
"To be clear, at this moment, FDA has not identified a single positive product test result for Cyclospora," the company said in a statement.
TAYLOR FARMS PREPARING RECALL, DENIES BRANDED SALADS TIED TO OUTBREAK
Taylor Fresh Foods also said the FDA apologized to the company over the erroneous result. The FDA did not include an apology in the agency language provided with the story.
The FDA said it notified Taylor Farms of the revised finding and continues to work with the company and its Taylor Farms de Mexico operation to ensure products implicated in the investigation have been removed from the market. The agency and its state partners are continuing to collect and analyze product samples.
Taylor Farms initiated a voluntary recall of iceberg lettuce sourced from central Mexico on July 17 after federal investigators traced lettuce served at certain Taco Bell restaurants to Taylor Farms de Mexico. The recall includes iceberg lettuce distributed to retail stores, restaurants and other food-service customers.
"Based on initial information provided by health officials, in an abundance of caution, we completed a voluntary recall of iceberg lettuce from central Mexico," the statement continued. "Recalled product was limited to iceberg lettuce grown and processed in central Mexico. All other Taylor Farms products, including all Taylor Farms brand products available for purchase, are not involved in the recall."
This comes after the FDA said on Saturday that a sample of shredded iceberg lettuce supplied by Taylor Farms tested positive for Cyclospora, which has sickened thousands of people across the U.S.
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Cyclosporiasis has been linked to shredded iceberg lettuce at Taco Bell restaurants in Indiana, Kentucky, Michigan, Ohio and West Virginia, leading to around 100 hospitalizations so far, according to the Centers for Disease Control and Prevention. No deaths have been reported.
https://www.foxbusiness.com/lifestyle/taylor-farms-cyclospora-test-false-positiveTrump touts Giant Eagle price cuts on more than 300 products through Labor DayGiant Eagle will slash prices on more than 300 products through Labor Day, following Walmart and Sam's Club summer price cuts on thousands of items.
President Donald Trump on Sunday praised Giant Eagle for lowering prices on more than 300 frequently purchased products through Labor Day.
The grocery chain launched the seasonal promotion on July 9, reducing prices by an average of 10% on products that include proteins, produce and summer snacks.
Trump said the grocery chain will be cutting prices "by a lot."
"Wonderful news! I have just been informed that Giant Eagle, a GREAT American Grocery Company, will be lowering Prices, by a lot, across more than 300 products this Summer, through Labor Day, to help hardworking American families," Trump wrote on Truth Social.
MAJOR GROCERY CHAIN BEATS WALMART, ALDI IN PRICE WAR AS SHOPPERS HUNT FOR CHECKOUT RELIEF
Giant Eagle’s promotion comes after Walmart and Sam’s Club announced earlier in July that they would lower prices on thousands of products nationwide this summer "to help customers and members make the most of the season while spending less on the products they need, want and love most."
The discounted Walmart and Sam’s Club products include ground beef, beverages, household essentials, apparel and toys.
"Giant Eagle, like Walmart, is stepping up in a big and bold way to answer my call to lower costs for working families," Trump said on Sunday.
"We will continue to bring Prices DOWN, just like Oil, Gas, Eggs, and Prescription Drugs, all of which are dropping FAST after the disaster we inherited from Sleepy Joe Biden," he continued.
Trump called on other grocery chains to follow Giant Eagle and Walmart by reducing prices.
MORE AMERICANS ARE RELYING ON CREDIT CARDS TO BUY GROCERIES, NEW STUDY FINDS
"Other Grocery Chains must immediately follow the lead of these absolute Patriots at Giant Eagle and Walmart," he said. "Together, we will make America stronger and more affordable than ever before, and get rid of the stench and Inflation perpetrated on us by the Dumocrats and the Sleepy Joe Biden Administration!"
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FOX Business reached out to Giant Eagle for comment.
https://www.foxbusiness.com/retail/giant-eagle-price-cuts-grocery-products-labor-dayChina cracks down on chatbot romances as birthrate crisis worsens: reportThe new rules reportedly aim to curb emotional dependence on AI chatbots as China grapples with a shrinking population and record-low birthrate.
China is reportedly tightening restrictions on AI companion chatbots as the country grapples with a shrinking population and record-low birthrate.
New rules that went into effect Wednesday prohibit chatbots from encouraging emotional dependence or forming virtual romantic or familial relationships with minors. Companies must also contact a guardian or emergency contact if a user faces a life-threatening crisis, according to the Cyberspace Administration of China.
The regulations have already prompted Alibaba and TikTok parent ByteDance to disable certain chatbot features, The Wall Street Journal reported.
NEW YORK'S AI DATA CENTER PAUSE SPARKS WARNINGS US COULD LOSE GROUND TO CHINA
Beijing is reportedly concerned that AI companions could discourage people from pursuing real-world relationships.
"They don’t like the idea of a large portion of their population being in deep emotional relationships with chatbots that could take them out of the marriage market," Matt Sheehan, a senior fellow at the Carnegie Endowment for International Peace, told The Wall Street Journal.
Officials also fear addiction, dependency and other social problems, according to Sheehan.
"They want to encourage people to be in actual, real-world relationships," Sheehan added. "Could we imagine a future where, three or four years from now, 15 million Chinese women say that their partner is a chatbot, and therefore they’re not having kids?"
AI COULD UNLEASH ‘SINGLE GREATEST PRODUCTIVITY REVOLUTION’ IF WASHINGTON AVOIDS OVERREACH: REPORT
The new rules require AI companion chatbots to pass a government review before being released to the public. The government will also have more authority to shut down services they consider unsafe, the outlet reported.
China’s restrictions go further than similar laws in California and New York.
Those two states require chatbots to remind users that they are not human and direct people that are experiencing a crisis to support services.
The crackdown comes as China faces a worsening demographic crisis. The country’s population declined in 2025 for the fourth consecutive year, while its birthrate fell to a record low, according to The Wall Street Journal.
DIMON URGES CALM OVER FEAR ABOUT AI'S IMPACT ON JOBS: 'STOP BEING BREATHLESS OVER IT'
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At the same time, Beijing is also seeking to expand its influence over the future of artificial intelligence worldwide.
At a major technology conference in Shanghai on Friday, Chinese President Xi Jinping promoted open-source AI and pledged to help developing countries build their capabilities. Xi also warned that unequal access to AI could create "new historical injustices," according to Reuters.
Reuters contributed to this report.
https://www.foxbusiness.com/technology/china-cracks-down-chatbot-romances-birthrate-crisis-worsens-report