AP
New merchandise, more foot traffic and a $994 million tariff refund powers a strong second quarter for Target.
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Millions more people may be able to get smaller, lightweight Amazon packages delivered by drones by the end of the year under a plan the company announced Thursday to expand the airborne shipping to suburban areas in nearly 500 U.S. cities. Amazon said in news release that customers could receive the drone deliveries in as fast as 30 minutes, The drones can carry packages up to five pounds. The plan will intensify the battle between Amazon and Walmart to provide consumers with the fastest delivery times. Amazon’s plan would expand drone delivery into hundreds of new communities, including the Chicago, Atlanta, Cleveland and Boise areas.
AP
Millions more people may be able to get smaller, lightweight Amazon packages delivered by drones by the end of the year under a plan the company announced Thursday to expand the airborne shipping to suburban areas in nearly 500 U.S. cities. Amazon said in news release that customers could receive the drone deliveries in as fast as 30 minutes, The drones can carry packages up to five pounds. The plan will intensify the battle between Amazon and Walmart to provide consumers with the fastest delivery times. Amazon’s plan would expand drone delivery into hundreds of new communities, including the Chicago, Atlanta, Cleveland and Boise areas.
AP Wire
The U.S. and Canada are negotiating in an effort to reach a truce on tariffs before a 12:01 a.m. Wednesday deadline set by U.S. President Donald Trump. If no deal is reached, Trump has threatened to impose 50% tariffs on $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors. Canadian Prime Minister Mark Carney told reporters Monday that negotiations were ongoing. Carney's office said Carney and Trump spoke by phone Monday, underscoring the last-minute push to reach a deal before Wednesday’s deadline.
AP Wire
Opening statements started Tuesday in a pivotal trial for Meta Platforms in a California federal court, where states are seeking billions of dollars in damages for social media harms to children. Attorneys general from California, Colorado, Kentucky and New Jersey are seeking extensive financial damages plus changes to how the company operates Facebook and Instagram. Twenty-nine states sued the tech giant in 2023 over child safety and privacy. The other 25 will go to trial later. The company also faces lawsuits in state courts. Meta said in a statement that it believes it has a strong case.
AP
Wall Street pulled further from its all-time high as AI stocks got back to sinking. The S&P 500 fell 0.7% Tuesday for a third straight modest loss since setting its all-time high on Thursday. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite sank 1.3%. Nvidia, Micron Technology and Broadcom were some of the heaviest weights on the market amid criticism that their prices shot too high in the frenzy around AI. Treasury yields held relatively steady in the bond market, while stock indexes were mixed in Europe and Asia.
AP Wire
OpenAI is launching a version of ChatGPT designed for teenagers. As the first generation to grow up with artificial intelligence, teens are already using it for schoolwork, questions about daily life and even companionship. The San Francisco-based company says ChatGPT for Teens is tailored for children ages 13 to 17, with stronger protections including content restrictions around things like suicide, self-harm and romantic or sexual chats. It also provides homework and study support designed to help students learn rather than spit out answers and school essays. The idea is to guide teens toward healthy AI use in an age-appropriate environment, the company said.
AP
Disney has filed sui against the Federal Communications Commission says every media outlet in the nation is at risk due to the Trump administration's retaliation over Jimmy Kimmel's satire. The U.S. and Canada are negotiating ahead of Trump's midnight deadline to impose 50% tariffs on $20 billion worth of Canadian products starting Wednesday. The fate of the Gaza ceasefire remains unclear after Jared Kushner left a meeting with Prime Minister Benjamin Netanyahu with no firm Israeli commitment to the latest U.S.-proposal. And Trump’s pivot away from South Korea is raising concerns about U.S. security interests in Asia and elsewhere.
AP Wire
ABC has filed a lawsuit against the Trump administration’s Federal Communications Commission, alleging violation of its First Amendment rights. Tuesday's lawsuit was a sharp escalation of the network's battle against what it sees as the administration's efforts to police its content. FCC Chairman Brendan Carr has defended his agency’s actions against ABC, saying broadcasters have a duty to “operate in the public interest.” The FCC launched a review in April of eight ABC-owned broadcast licenses years before they expire. The order came after a joke by ABC late night host Jimmy Kimmel infuriated President Donald Trump.
AP
Excerpts from recent editorials in the United States and abroad: