An unusual boost is showing up in some corporate earnings this summer: tariff refunds. Nintendo became the latest beneficiary of the boost on Thursday, reporting net profit of 147.4 billion Japanese yen, or $931 million, for the quarter ending June, up 54% from a year earlier and handily beating analyst expectations of 77.8 billion yen.
In both of his administrations, President Donald Trump has wielded tariffs as a means of discouraging trade relationships with China, as well as incentivizing American reshoring, but this strategy may be backfiring. As Trump’s import tax plan continues to fluctuate, some U.S. companies who initially moved away from China are now reinvesting in suppliers there.
WASHINGTON– The Trump administration is preparing to increase funding by hundreds of millions of dollars for programs designed to counter China’s growing influence around the world, after halting many such initiatives last year during a series of budget and personnel cuts. The administration notified Congress late last week that it intends to spend $175.8 million
Spanish-language media giant TelevisaUnivision said it posted a loss in the second quarter despite an increase in revenue from its rights to broadcast the World Cup in Mexico, a sign of the challenges continued to face the company, formed from the combination of Univision in the United States and Grupo Televisa in Mexico. The company
Reflect Orbital aims to redirect sunlight towards the night areas of the Earth.Credit: Jesper Klausen/Scientific Photo Library A risky plan to turn night into day is one step closer to reality. Last week, U.S. officials approved a mission to launch a giant mirror into space, where the device will reflect sunlight onto shadowed parts of
An enzyme cuts DNA (artist’s impression). Synthetic enzymes that cleave proteins were rapidly designed with the help of artificial intelligence.Credit: Artur Plawgo/Scientific Photo Library Scientists have leveraged artificial intelligence models to create synthetic CRISPR proteins that edit the genome more efficiently than their natural counterparts. These synthetic CRISPR systems could one day drive discoveries in