Swiss Planemaker Pilatus Pauses US Deliveries, Citing Tariffs
'Massive additional costs' and the resulting competitive disadvantages with US and European competitors are causing increasing uncertainty among customers, the maker of the PC-12 and PC-24 aircraft said in a statement. That led the company to temporarily interrupt its US business, the statement said.
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Court Lets Trump Block Billions of Dollars in Foreign Aid
(Bloomberg) -- The Trump administration can cut billions of dollars in foreign assistance funds approved by Congress for this year, a US appeals court ruled. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets In a 2-1 decision on Wednesday, the appellate panel reversed a Washington federal judge who found that US officials were violating the Constitution's separation of powers principles by failing to authorize the money to be paid in line with what the legislative branch directed. The ruling is a significant win for President Donald Trump's efforts to dissolve the US Agency for International Development and broadly withhold funding from programs that have fallen out of favor with his administration, regardless of how Congress exercised its authority over spending. Trump's critics have assailed what they've described as a far-reaching power grab by the executive branch. The nonprofits and business that sued could ask all of the active judges on the US Court of Appeals for the DC Circuit to reconsider the three-member panel's decision. If the panel's decision stands, it wasn't immediately clear how much it would affect other lawsuits contesting a range of Trump administration funding freezes and cuts besides foreign aid. Judge Karen LeCraft Henderson wrote in the majority opinion that the challengers lacked valid legal grounds to sue over the Trump administration's decision to withhold the funds, also known as impoundment. The US Comptroller General — who leads an accountability arm of Congress — could sue under a specific law related to impoundment decisions, Henderson wrote, but the challengers couldn't bring a 'freestanding' constitutional claim or claim violations of a different law related to agency actions. Henderson, appointed by former President George H.W. Bush, was joined by Judge Greg Katsas, a Trump appointee. The court didn't reach the core question of whether the administration's unilateral decision to refuse to spend money appropriated by Congress is constitutional. Judge Florence Pan, nominated by former President Joe Biden, dissented, writing that her colleagues had turned 'a blind eye to the 'serious implications' of this case for the rule of law and the very structure of our government.' White House spokesperson Anna Kelly said in a statement that the appeals court 'has affirmed what we already knew – President Trump has the executive authority to execute his own foreign policy, which includes ensuring that all foreign assistance aligns with the America First agenda.' A lead attorney for the grant recipients did not immediately respond to a request for comment. The two consolidated cases before the appeals court only deal with money that Congress approved for the 2024 fiscal year, which ends on Sept. 30. Grantees are poised to lose access to funds if they haven't yet been approved to be spent by federal officials — a precursor to actual payouts — or unless a court order is in place. The administration lost one of its few battles before the US Supreme Court earlier this year in the foreign aid fight. In March, a majority of justices refused to immediately stop US District Judge Amir Ali's injunction taking effect while the legal fight went forward. Since then, however, the challengers have filed complaints with Ali that the administration is failing to obligate or pay out the funds. They've rebuffed the government's position that the delay is part of a legitimate effort to 'evaluate the appropriate next steps' and accused officials of angling to use a novel tactic to go around Congress in order to cut appropriated money. The Trump administration has dramatically scaled back the US government's humanitarian work overseas, slashing spending and personnel and merging the USAID into the State Department. The challengers say the foreign aid freeze has created a global crisis, and that the money is critical for malaria prevention, to address child malnutrition and provide postnatal care for newborns. The groups argued that the president and agency leaders couldn't defy Congress' spending mandates and didn't have discretion to decide that only some, let alone none, of the money appropriated by lawmakers should be paid. The president can ask Congress to withdraw appropriations but can't do it on his own, the challengers argued. The Justice Department argued Ali's order was an 'improper judicial intrusion into matters left to the political branches' and that the judge wrongly interfered in the 'particularly sensitive area of foreign relations.' The government also said that the Impoundment Control Act, which restricts the president from overruling Congress' spending decisions, wasn't a law that the nonprofits and business could sue to enforce. The challengers countered that Ali's order blocking the funding freeze was rooted in their constitutional separation-of-powers claim, not the impoundment law. The cases are Global Health Council v. Trump, 25-5097, and AIDS Vaccine Advocacy Coalition v. US Department of State, 25-5098, US Court of Appeals, DC Circuit. (Updated with White House comment.) 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Yahoo
12 minutes ago
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CF Industries (NYSE:CF) Launches Carbon Capture Unit, Eyes Growth in Low-Carbon Ammonia Market
CF Industries (NYSE:CF) is one of the best commodity stocks to buy. On July 14, 2025, the company marked a major step in its low-carbon transition by launching a new CO₂ dehydration and compression unit at its Donaldsonville Complex. The facility, developed in collaboration with ExxonMobil, is designed to capture and permanently store up to 2 million metric tons of carbon dioxide annually. With this infrastructure in place, CF expects to produce roughly 1.9 million tons of low-carbon ammonia per year, opening the door to new markets and potentially more favorable regulatory treatment under clean energy mandates. Singkham/ This carbon capture project also makes the company eligible for Section 45Q tax credits in the United States, which incentivize long-term sequestration efforts. The move signals that CF is not just talking sustainability but actively integrating it into its production model. As the global ammonia market begins to tilt toward lower-emission inputs, CF's head start could pay off in both pricing power and institutional investor favor. CF Industries is a leading global manufacturer of hydrogen and nitrogen products, supplying fertilizer and industrial solutions across North America and international markets. The company is headquartered in Deerfield, Illinois, and operates a network of production and distribution facilities across the U.S., Canada, and the UK. While we acknowledge the potential of CF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Report – Inter Milan Open To Negotiating Sale Of France Star To Galatasaray For Around €20M
Inter Milan star defender Benjamin Pavard could reportedly join Turkish heavyweights Galatasaray in the coming weeks. According to L'Equipe via FCInter1908, the Serie A runners-up are open to selling the French ace for the right price. Benjamin Pavard swapped Bayern Munich for Inter in the summer of 2023 for a reported fee of €30 million. Despite demonstrating his class at San Siro, recurring injury problems have curtailed his progress. As a result, he could soon leave Serie A. Inter Milan Name Benjamin Pavard Price Tag Amid Galatasaray Interest SEATTLE, WASHINGTON – JUNE 20: Benjamin Pavard of FC Internazionale Milano faces the media during the Training/Press Conference ahead of their FIFA Club World Cup 2025 match between FC Internazionale Milano and Urawa Red Diamonds at Virginia Mason Athletic Center on June 20, 2025 in Seattle, Washington. (Photo by) Despite failing to sign Hakan Calhanoglu and Yann Sommer, Galatasaray remain determined to do business with Inter. Indeed, the reigning Super Lig holders have set their sights on Pavard, who is no longer non-transferable. However, they will likely have to fork out between €15m and €25m to secure the Frenchman's signature. Meanwhile, Inter's readiness to sell Pavard suggests they're ready to intensify their pursuit of Giovanni Leoni.
