Tuesday briefing: G-7 summit; Trump Mobile; Russia strikes Ukraine; humidity map; overtourism protests; and more
President Donald Trump left the G-7 meeting in Canada a day early.
Officials reversed guidance exempting some workplaces from immigration raids.
Russia carried out a massive overnight attack on Kyiv.
The Minnesota shooting suspect allegedly went to other lawmakers' homes.
Humidity is about to surge in 40 states.
Southern Europeans sprayed tourists with water pistols.
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Forbes
30 minutes ago
- Forbes
Trump Says He'll ‘Probably' Extend TikTok Sale Deadline This Week
President Donald Trump on Tuesday suggested he would 'probably' extend a deadline for ByteDance, TikTok's China-based owners, to divest the social media app before Thursday, marking what would be his third delay after an earlier deal fell through. An order to keep TikTok operational in the U.S. for another 75 days was signed by Trump in April. Trump told reporters on Air Force One he would 'probably' extend a June 19 deadline for ByteDance to divest from TikTok or sell its assets to an American firm, adding, 'Probably have to get China approval, but I think we'll get it.' Another extension would be Trump's third delaying a forced sale or divestment of TikTok, following earlier orders pushing back the deadline on Jan. 20 and April 4, when a deal was reportedly in place for TikTok's operations to be spun off into a new U.S.-based company before Trump's 'Liberation Day' tariffs derailed the talks. Trump told NBC News last month he would 'like to see [a deal] done' for TikTok, adding he had a 'little sweet spot in my heart' for the social media platform and he would be 'willing to give it [the deadline] an extension' if needed. How long Trump would delay TikTok's deadline. Both extensions in January and April stalled a ban on TikTok by 75 days. Several companies have emerged as potential suitors for TikTok's assets, including Amazon, Oracle and Microsoft. Amazon's bid for TikTok would include the entire company, unnamed people familiar with the offer told the New York Times, though some parties involved in the talks 'do not appear to be taking Amazon's bid seriously.' AppLovin reportedly made an offer for TikTok and spoke with billionaire Steve Wynn about backing the deal, after the company told the Trump administration it could address national security concerns about the app if it held ownership. The White House previously spoke with Oracle about a deal that would give the company oversight of TikTok's U.S. data, Politico reported. Trump has also named Microsoft as a possible buyer while saying he hoped there would be a 'bidding war' for TikTok. Legislation requiring TikTok to sell itself to an American company or be banned in the U.S. was signed under President Joe Biden last year. That law followed growing bipartisan national security concerns about the app in recent years, after reports claimed China relied on TikTok's U.S. data to spy on Americans. Forbes previously reported the app spied on journalists, mishandled advertiser data and stored financial data of some creators in China, though ByteDance has denied claims user privacy was compromised. Trump issued an executive order in January shortly after he took office, though the app briefly went dark for U.S. users.
Business Insider
31 minutes ago
- Business Insider
Amazon's Prime Day will be twice as long this year as tariffs push shoppers to look for deals
Amazon has set this year's Prime Day shopping event for July 8 to 11. At four days, that's twice as long as last year's Prime Day. The summer sale comes as many shoppers are looking for deals to beat tariff-related cost hikes. Amazon's Prime Day this year will be twice as long as in 2024. It could be a welcome sight for shoppers worried about tariffs. The retail giant said Tuesday that this summer's Prime Day deals event will last four days from July 8 to 11, compared to two days last year. The discounts will apply to a range of products, from school supplies to electronics to snacks, Amazon said. The company plans to release deals on specific brands each day at midnight Pacific time. Amazon also aims to keep shoppers on its website with new deals "dropping as often as every five minutes during select periods," the company said. Amazon's longer Prime Day comes as many consumers are more focused on deals than they have been in a long time. The prospect of higher prices from tariffs has pushed even some high-income shoppers to dollar stores to save money, for instance. Others have stocked up over the last few months on products that could become more expensive if the tariffs come into full force. Many companies have said that they plan to raise prices due to tariffs. This year's Prime Day will fall in the same week that President Donald Trump's 90-day pause on many of the tariffs is set to expire. Trump implemented the pause in April after imposing tariffs on goods from various countries. Last month, the US and China agreed to a separate 90-day cut that left US duties on imports from China at 30% instead of 145%. For Amazon, Prime Day serves a couple of important purposes: It encourages more people to pay for a Prime membership and tries to keep them buying stuff through Amazon. A four-day-long Prime Day is also hardly the first time that Amazon has tried to extend a big shopping event. Amazon first offered Prime Day in 2015. Back then — true to its name — it lasted a single day. Prime Day has gotten longer since. Other retailers, like Walmart and Target, have introduced their own sales around the same time of year. Last year, Amazon also offered discounts during its October Prime Big Deal Days event. The deals, which were separate from Amazon's holiday shopping offers, included discounts on many seasonal items, such as chainsaws and camping gear, that sellers were likely trying to move after the summer.
Yahoo
33 minutes ago
- Yahoo
Tax Bill Lacks Votes as Senate Aims for Deals on SALT, Medicaid
(Bloomberg) -- Republican leaders are aiming for quick negotiations over needed changes to the newly unveiled Senate tax bill which lacks the votes to secure majorities in both chambers as written. Security Concerns Hit Some of the World's 'Most Livable Cities' As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space As American Architects Gather in Boston, Retrofits Are All the Rage How E-Scooters Conquered (Most of) Europe Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown The prospect of prolonged talks with holdouts in both the conservative and moderate wings of the party threaten Senate Majority Leader John Thune's goal of passing President Donald Trump's tax-cut legislation by July 4. The Senate bill makes much more aggressive cuts to Medicaid spending than the version the House passed last month, an aspect that is already drawing pushback from moderate Republicans and lawmakers concerned about the political ramifications of restricting health benefits for their constituents. The Senate bill takes a hardline stance against raising the $10,000 cap on the state and local tax deduction, earning it an immediate thumbs-down from a faction of New York, New Jersey and California House members who have threatened to block the bill if it doesn't include the $40,000 SALT cap deal they struck with House Speaker Mike Johnson. Generous tax breaks for tips, overtime and pass-through businesses were also scaled back to reduce the price tag of the bill. Even still, conservatives say they aren't satisfied with these efforts to reduce the overall cost and are plotting to delay a planned Senate vote next week to August. 'This is just the opening shot,' said Texas Senator John Cornyn, a leadership ally, adding that many Republicans just saw the bill for the first time on Monday. Earlier: Harvard Wins Reprieve, SALT Stalls: Tax Bill Winners and Losers The Senate can only pass the bill if a minimum of 50 out of 53 Republican senators vote for the measure and Vice President JD Vance breaks the tie. There are already more than three Republican senators who have said they have problems with the bill. 'This bill needs a lot of work,' Missouri Senator Josh Hawley said after learning the bill restricts a tax on Medicaid providers, a move that would reduce reimbursements to states and he says would mean the closure of rural hospitals. Senators Susan Collins of Maine, Lisa Murkowski of Alaska and Jim Justice of West Virginia had already objected to the less stringent Medicaid cuts in the House bill. They are likely to prove a challenge to passing the Senate bill. A group of moderates who advocate for clean energy tax breaks, including North Carolina's Thom Tillis and Utah's John Curtis said they are still studying the bill and suggested they may need more tweaks to lengthen the phaseout of tax credits for renewable energy. Conservative Demands Wisconsin Senator Ron Johnson said he is a hard 'no' on the proposed bill both because he wants steeper spending cuts and because the Senate draft scales back a proposed 23% tax deduction for pass-through business income to 20%. 'I'm confident enough that we have a group of senators that will delay this until at least the August recess so we can look at this,' Johnson said Tuesday on CNBC. Johnson counts Florida's Rick Scott, Utah's Mike Lee and Kentucky's Rand Paul in his camp of bill opponents. Scott has also said he wants more spending cuts. Paul said Tuesday he opposes the bill if it includes a debt ceiling increase. Senate leaders want to raise the debt ceiling by $5 trillion so that Congress does not have to deal with the issue again before the 2026 midterm elections. 'I can't vote to raise the debt ceiling $5 trillion because really what that means is we're going to get more of the same,' Paul said Tuesday on Fox Business. SALT Debate The Senate bill has a placeholder of $10,000 cap on the SALT deduction, setting up a negotiation with the House which passed a $40,000 cap. The inclusion of the $10,000 cap drew howls of protest from a group of swing-district House Republicans for whom SALT is a top political priority. New York Representative Nicole Malliotakis described it as 'a slap in the face to the Republican districts that delivered our majority and trifecta.' Thune has said that he believes a compromise between the two positions will be found and Tillis has said the Senate is mulling accepting a $30,000 cap in the end, something initially proposed by House GOP leaders before SALT-focused members negotiated an increase. Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software US Allies and Adversaries Are Dodging Trump's Tariff Threats ©2025 Bloomberg L.P.
