When It Comes to Tariffs, Trump Can’t Have It All

President Trump has issued an unremitting stream of tariff threats in his first month in office, accompanied by nearly as many reasons for why they should go into effect. Tariffs on Canada, Mexico and China are a cudgel to force those countries, America’s largest trading partners, to crack down on the flow drugs and migrants … Read more

S.E.C. Declares Memecoins Are Not Subject to Oversight

The Securities and Exchange Commission said on Thursday that so-called memecoins — novelty digital assets — are not subject to regulatory oversight because they are not considered securities. The determination could have big ramifications for the crypto industry and President Trump, who issued his own memecoin days before his inauguration. The S.E.C.’s policy on memecoins … Read more

U.S. Terminates Funding for Polio, H.I.V., Malaria and Nutrition Programs Around the World

“People will die,” said Dr. Catherine Kyobutungi, executive director of the African Population and Health Research Center, “but we will never know, because even the programs to count the dead are cut.” The projects terminated include H.I.V. treatment programs that had served millions of people, the main malaria control programs in the worst-affected African countries … Read more

CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

Days before President Trump was inaugurated, the Consumer Financial Protection Bureau sued Capital One, accusing it of using deceptive tactics that the bureau said cheated customers out of $2 billion in interest payments on their savings accounts. On Thursday, the bureau abandoned that lawsuit and permanently waived its legal right to ever again pursue the … Read more

A Union Takes on Musk via Tesla’s Stock

A union takes on Tesla over its stock price As Elon Musk’s norm-shattering influence in Washington has grown — consider his unprecedented cameo at President Trump’s first cabinet meeting on Wednesday — he has drawn intense scrutiny and opposition. The latest pushback comes from the American Federation of Teachers, one of the nation’s biggest labor … Read more