Supreme Court won't stop Trump's tariffs. Deal with it, officials say

OpenAI has announced a significant $38 billion deal with Amazon for cloud services following a major restructuring. This partnership is crucial as it not only strengthens OpenAI's infrastructure but also enhances its capabilities in artificial intelligence. By leveraging Amazon's robust cloud services, OpenAI aims to accelerate its research and development efforts, ultimately benefiting users and developers alike. This collaboration marks a pivotal moment in the tech industry, showcasing the growing importance of cloud computing in advancing AI technologies.

The US manufacturing sector is facing significant challenges as concerns over tariffs continue to loom. This downturn is not just a statistic; it affects jobs and economic stability across the country. With manufacturers struggling to cope with rising costs and uncertainty, the implications could ripple through the economy, impacting everything from consumer prices to employment rates.

This week, the Supreme Court is set to make a significant decision regarding former President Trump's use of tariffs as a tool in foreign policy. White House press secretary Karoline Leavitt mentioned that the Trump trade team is preparing contingency plans in case the court rules against him. This ruling could have major implications for trade relations and economic strategies moving forward.

Big manufacturing economies are facing significant challenges as US tariffs impact their order books. This situation is crucial because it highlights the ripple effects of trade policies on global supply chains and economic stability. As manufacturers struggle to adapt, it raises concerns about job losses and economic growth in these regions.

As the government shutdown approaches a record length, President Trump asserts he 'won't be extorted' amid rising concerns that millions may soon lose access to food aid. The White House is responding to the situation with a mix of humor and defiance, creating fake MySpace pages and memes to engage the public. This shutdown not only affects federal employees but also threatens vital services for many Americans, making it a critical issue that resonates across the nation.

OpenAI has made a significant move by striking a $38 billion computing deal with Amazon, committing to spend nearly $1.5 trillion on processing power. This partnership is crucial as it allows OpenAI to enhance its capabilities and expand its operations, which could lead to groundbreaking advancements in artificial intelligence. The deal not only highlights the growing demand for computing resources in the tech industry but also positions OpenAI as a key player in the future of AI development.

Spanish black olive exporters are calling on the European Union to respond to the tariffs imposed by the United States, which they believe threaten their industry. This situation is significant as it highlights the ongoing trade tensions between the EU and the US, and the potential impact on European farmers and businesses. The exporters argue that these tariffs could lead to substantial economic losses and affect the availability of their products in the US market.

The Supreme Court is set to hear a significant case that challenges the authority of former President Trump regarding his tariffs. This case is crucial as it will test the limits of presidential power and could have lasting implications for trade policy and the U.S. economy. The outcome may redefine how future administrations can impose tariffs and manage international trade relations.

Morris Mayo, a director at Nordson, has sold shares worth $61,000. This transaction is part of the normal trading activities that directors often engage in, which can sometimes raise questions about insider trading or the company's future. However, such sales are not uncommon and can reflect personal financial planning rather than a negative outlook on the company's performance.

Gold prices have shown a positive trend, settling 0.45% higher at $4000.30, marking an increase in three of the last four sessions. This uptick in gold is significant as it reflects investor confidence and market stability, especially in uncertain economic times. Meanwhile, silver has seen a slight decline, falling 0.2% for the second consecutive session, which could indicate shifting investor preferences.

The Bank of NT Butterfield has reached a significant milestone as its stock price hit a 52-week high of 46.91 USD. This achievement reflects the bank's strong performance and investor confidence, which is crucial for its growth and stability in the competitive financial sector.

The Guardian's editorial highlights a growing class divide in Britain, where a micro-elite in finance and tech is attracting top talent, leaving traditional white-collar jobs less appealing. This shift raises concerns about a society that prioritizes financial proximity over meaningful contributions, potentially leading to social unrest. The piece emphasizes the importance of addressing this imbalance to ensure a more equitable future.

Blink Charging has introduced its new Shasta EV chargers aimed at the multifamily and fleet markets, marking a significant step in expanding electric vehicle infrastructure. This launch is important as it addresses the growing demand for accessible charging solutions in residential and commercial settings, making it easier for more people to adopt electric vehicles and contribute to a greener future.

Phio Pharmaceuticals has successfully raised $13.4 million through a warrant exercise, a significant boost for the company as it continues to advance its innovative therapies. This funding is crucial for supporting their ongoing research and development efforts, which could lead to groundbreaking treatments in the pharmaceutical industry.