Figma's 250% Surge Signals IPOs May Finally Come Back in 2025
This was supposed to be the year that IPOs bounced back, buoyed by the Trump administration's business-friendly regulations. Then President Trump's trade war made some firms hesitant to take risks such as exposing themselves to the whims of the public market.
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New York Post
a minute ago
- New York Post
Trump's higher tariff rates hit goods from major US trading partners
President Donald Trump's higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking US trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners. US Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT after weeks of suspense over Trump's final tariff rates and frantic negotiations with major trading partners that sought to lower them. Goods loaded onto US-bound vessels and in transit before the midnight deadline can enter at lower prior tariff rates before October 5, according to a CBP notice to shippers issued this week. Advertisement 4 Trucks loaded with containers move through a container terminal port in Shanghai, China, Thursday, Aug. 7, 2025. AP Imports from many countries had previously been subject to a baseline 10% import duty after Trump paused higher rates announced in early April. But since then, Trump has frequently modified his tariff plan, slapping some countries with much higher rates, including 50% for goods from Brazil, 39% from Switzerland, 35% from Canada and 25% from India. Advertisement He announced a separate 25% tariff on Indian goods on Wednesday to be imposed in 21 days over the South Asian country's purchases of Russian oil. Ahead of the deadline, Trump heralded the 'billions of dollars' that will flow into the US, largely from countries that he said had taken advantage of the United States. 'THE ONLY THING THAT CAN STOP AMERICA'S GREATNESS WOULD BE A RADICAL LEFT COURT THAT WANTS TO SEE OUR COUNTRY FAIL!' Trump said on Truth Social. 4 President Donald Trump, right, hugs India's Prime Minister Narendra Modi during a news conference in the East Room of the White House, Feb. 13, 2025, AP Advertisement Eight major trading partners accounting for about 40% of US trade flows have reached framework deals for trade and investment concessions with Trump, including the European Union, Japan and South Korea, reducing their base tariff rates to 15%. Britain won a 10% rate, while Vietnam, Indonesia, Pakistan and the Philippines secured rate reductions to 19% or 20%. 'For those countries, it's less bad news,' said William Reinsch, a senior fellow and trade expert at the Center for Strategic and International Studies in Washington. 'There'll be some supply chain rearrangement. There'll be a new equilibrium. Prices here will go up, but it'll take a while for that to show up in a major way,' Reinsch said. Advertisement 4 Shipping containers and a container ship are seen at the international cargo terminal in Tokyo on August 7, 2025. AFP via Getty Images Countries with punishingly high duties, such as India and Canada, 'will continue to scramble around trying to fix this,' he added. Trump's order has specified that any goods determined to have been trans-shipped from a third country to evade higher US tariffs will be subject to an additional 40% import duty, but his administration has released few details on how these goods would be identified or the provision enforced. Trump's July 31 tariff order imposed duties above 10% on 67 trading partners, while the rate was kept at 10% for those not listed. These import taxes are one part of a multilayered tariff strategy that includes national security-based sectoral tariffs on semiconductors, pharmaceuticals, autos, steel, aluminum, copper, lumber and other goods. Trump said on Wednesday the microchip duties could reach 100%. 4 A worker arranges steel rolls on a truck at a steel market in Hangzhou in east China's Zhejiang province on July 7, 2025 AP China is on a separate tariff track and will face a potential tariff increase on August 12 unless Trump approves an extension of a prior truce after talks last week in Sweden. He has said he may impose additional tariffs over China's purchases of Russian oil as he seeks to pressure Moscow into ending its war in Ukraine. Advertisement Financial markets largely shrugged off the new tariffs, with stock markets in Asia at or near record highs while the dollar dipped slightly. REVENUES, PRICE HIKES Trump has touted the vast increase in federal revenues from his import tax collections, which are ultimately paid by companies importing the goods and consumers of end products. US Treasury Secretary Scott Bessent has said that US tariff revenues could top $300 billion a year. The move will drive average US tariff rates to around 20%, the highest in a century and up from 2.5% when Trump took office in January, the Atlantic Institute estimates. Advertisement Commerce Department data released last week showed more evidence that tariffs began driving up U.S. prices in June, including for home furnishings and durable household equipment, recreational goods and motor vehicles. Costs from Trump's tariff war are mounting for a wide swath of companies, including bellwethers Caterpillar, Marriott, Molson Coors and Yum Brands. All told, global companies that have reported earnings so far this quarter are looking at a hit of around $15 billion to profits in 2025, Reuters' global tariff tracker shows.
Fast Company
a minute ago
- Fast Company
America's choice: lead the AI revolution or watch from the sidelines
As artificial intelligence reshapes every industry, America stands at a crossroads. We can either double down on our greatest competitive advantage, attracting the world's brightest minds, or watch our AI leadership slowly migrate to countries that have figured out what we haven't: immigration policy is technology policy. After over a decade leading AI initiatives at Microsoft, democratizing natural language processing that serves millions globally, I've seen both the promise and the peril of our current moment. The engineers and researchers building tomorrow's breakthroughs are increasingly weighing their options. The question isn't whether they want to build in America, it's whether America wants to make it possible. The Talent Pipeline America Built Let's start with what we're doing right. The U.S. has created an unmatched ecosystem with 59% of the world's top-tier AI researchers. We've built the universities, the venture capital networks, and the innovation culture that attracts global genius. Companies like Google, Microsoft, and OpenAI didn't emerge by accident, they're the product of decades of smart talent attraction. The data shows our success: nearly half of Fortune 500 companies were founded by immigrants or their children, generating $8.1 trillion in revenue and employing over 14.8 million people. In AI specifically, only 20% of top researchers earned their undergraduate degrees in the U.S., but 59% choose to do their breakthrough work here. We're not starting from zero, we're optimizing a proven winning formula. When we get immigration right, the returns are extraordinary. H-1B workers earn a median wage of $108,000 compared to $45,760 for U.S. workers generally, contributing significantly to tax revenue and consumer spending. Research shows that when immigrant college graduates increase by 1%, patents per capita increase by 9–18%. Each talented engineer who builds here creates jobs for American workers through the companies they found and the teams they build. When Timing Costs Talent The challenge isn't our destination, it's our process. Processing times for employment-based Form I-129 petitions, the petitions U.S. employers must file to request permission for a foreign national to work temporarily under visas like the H‑1B or O‑1, have climbed sharply. They rose more than 25% last quarter and over 80% compared to a year ago, according to USCIS Q2 FY2025 data, even though the overall backlog has decreased. At the same time, EB-1A cases, which are meant for individuals with extraordinary ability, reached a record high of 16,000 pending petitions. For the people leading advances in AI, these are not just delays. They are missed opportunities. In a field where timing is everything, a slow and unpredictable immigration process can push talent to build somewhere else. The Global Competition Advantage Meanwhile, our allies have streamlined their approach. Canada's Global Talent Stream processes work visas in two weeks. Australia's National Innovation Visa offers permanent residency with 1–3 month processing times for exceptional talent. The UK's Global Talent visa fast-tracks digital technology experts, including those in AI and fintech. Meanwhile in the U.S., work visa petitions like the H‑1B and O‑1 often take several months to process. Employers must pay thousands in additional fees for premium processing just to reduce the wait to 15 business days. These aren't just policy differences, they're strategic choices. While we debate, they're decisively capturing talent that could be strengthening American innovation. But this also represents an opportunity: if they can create efficient systems, so can we. Evolving Policies and Smarter Strategies The encouraging news is that progress is underway. In 2024, policy clarifications helped redefine 'specialty occupation' criteria, making it easier for AI engineers and data scientists to qualify for H‑1B visas without triggering burdensome requests for evidence. In 2023, the Executive Order on Artificial Intelligence issued to Congress aimed to modernize immigration pathways for technical talent. In 2025, a new Executive Order on AI introduced a broader national strategy focused on innovation, safety, and global competitiveness. While the new order replaced the earlier 2023 directive, it places less emphasis on immigration and education, areas that many experts see as critical to long-term AI leadership. Forward-thinking companies are also adapting. Many are exploring O-1 visas for extraordinary ability, which aren't subject to annual caps, or EB-2 National Interest Waivers for researchers whose work benefits the U.S. The key is matching the right visa strategy to each individual's profile, something that requires expertise but yields dramatically better outcomes. America's Enduring Advantage The infrastructure is already here: world-class universities, robust venture capital, and innovation ecosystems that remain the global gold standard. We need immigration processes that match the speed of the minds we're trying to attract. According to research from the Center for Growth and Opportunity, a startup visa could create 500,000 to 1.6 million new jobs over 10 years. Our choice is simple: we can streamline the pathways for global talent to contribute to American innovation, or we can watch other nations benefit from the minds we educated and inspired. The future belongs to countries that can attract and empower the world's brightest. America built that playbook, now we need to execute it.
Android Authority
a minute ago
- Android Authority
Wondering who bought the Galaxy S25 Edge? Turns out, A lot of people did.
Ryan Haines / Android Authority TL;DR A Twitter leaker has posted purported Galaxy S25 series sales data, including figures for the S25 Edge. The figures suggest that the Galaxy S25 Edge sold 650,000 units during its first month of sales. The numbers also point to significant growth for the Galaxy S25 series compared to the S24 series. Samsung launched the Galaxy S25 Edge a few months ago, and initial reports suggested that it saw lower-than-expected sales. Now, a leaker has posted apparent Galaxy S25 series sales data, which might give us a better idea. Twitter tipster Ice Universe posted a table showing apparent Galaxy S25 series sales data compared to the Galaxy S24 series. The data was collected until the end of June. Check out the screenshot below. We do have to exercise plenty of caution about these figures, though. The source of this data isn't clear, so it's entirely possible these figures aren't anywhere near accurate. Nevertheless, this table would tell an interesting story if it is indeed accurate. The table suggests that Samsung sold 20.22 million Galaxy S25 series phones between January and June. The Galaxy S25 Edge only hit the market on May 30, so its purported 650,000 unit figure reflects a month of sales. This figure doesn't tell us much, as it's unclear how the other Galaxy S25 series phones fared following their first month of sales. However, it's worth noting that the Edge was released in fewer markets than the mainline S25 phones. Either way, it may have helped Samsung achieve 20 million units sold. Otherwise, the purported figures show that the Galaxy S25 series achieved healthy growth over the S24 series. The three main S25 models may have achieved significant growth over their predecessors, ranging from 7.1% to 11.6%. The Ultra phone was apparently the most popular model once again, at 9.64 million units sold, followed by the base S25 (6.07 million) and then the Plus variant (3.85 million). Again, we can't verify the source of these figures, so we'd recommend you take them with a pinch of salt for now. What seems more certain, however, is that Samsung might reshuffle the Galaxy S26 series. We discovered evidence that Samsung could drop the base Galaxy S26 in favor of a Galaxy S26 Pro, while the S26 Plus could make way for the Galaxy S26 Edge. So it seems like the Edge model might live on in 2026. Follow
