Trump imposes scaled-back copper tariff, US prices plunge

Billionaires in Palm Beach are locked in fierce competition to snatch up prime oceanfront property, but instead of renovating existing mansions, they're demolishing them to build even grander homes from scratch.

Editor’s Note: This story highlights the excesses of the ultra-rich, who are tearing down luxury homes just to build bigger ones—wasting resources and driving up property values in exclusive areas. It’s a stark reminder of the growing wealth gap and how the super-rich operate in a world of their own.

President Trump is pressuring pharmaceutical companies to reduce drug prices by the end of September, warning that he will use all available measures to prevent what he calls "abusive pricing" affecting Americans.

Editor’s Note: This story matters because high drug prices are a major concern for many Americans, and Trump's aggressive stance could signal upcoming policy changes or negotiations with pharmaceutical companies. If prices drop, it could ease financial strain on patients, but the threat also raises questions about how far the government might go to enforce pricing controls.

Figma, a popular design software platform, has raised $1.2 billion in its IPO, with early investor Mamoon Hamid of Kleiner Perkins highlighting the company's strong user engagement since 2018. Hamid believes Figma still has significant growth potential as it goes public.

Editor’s Note: This IPO is a big deal because it shows how much the design and collaboration software space has grown, with Figma leading the charge. For tech investors and designers, it signals confidence in the platform's future—and could mean more innovation (or competition) ahead.

Figma's planned $20 billion sale to Adobe fell through due to regulatory pushback, but the design software company is now pivoting to pursue an IPO instead. This marks a significant shift in strategy, showcasing resilience and adaptability in the face of a major setback.

Editor’s Note: This story matters because it highlights how regulatory scrutiny can reshape big tech deals—even seemingly surefire ones. Figma’s move toward going public instead signals confidence in its standalone growth, which could shake up the competitive landscape for design tools. For startups and investors, it’s a reminder that backup plans are crucial in today’s unpredictable market.

A court has greenlit the sale of bankrupt solar company Sunnova's assets to its creditors, marking a significant step in the company's financial restructuring process.

Editor’s Note: This decision matters because it signals the next phase in Sunnova's financial fallout, affecting creditors, employees, and the broader renewable energy sector. While it provides some clarity for stakeholders, it also underscores the challenges facing solar companies in a competitive and sometimes volatile market.