5 Artificial Intelligence (AI) Stocks Are Worth Over $2 Trillion. Here Are the 2 Most Likely to Join the Club Next.
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CTV News
42 minutes ago
- CTV News
Trump says he's not planning to extend a pause on global tariffs beyond July 9
Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, on April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein) WASHINGTON — U.S. President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States. Letters will start going out 'pretty soon' before the approaching deadline, he said. 'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' Trump told Fox News Channel's 'Sunday Morning Futures' during a wide-ranging interview taped Friday and broadcast Sunday. Those letters, he said, would say, 'Congratulations, we're allowing you to shop in the United States of America, you're going to pay a 25 per cent tariff, or a 35 per cent or a 50 per cent or 10 per cent.' Trump had played down the deadline at a White House news conference Friday by noting how difficult it would be to work out separate deals with each nation. The administration had set a goal of reaching 90 trade deals in 90 days. Negotiations continue, but 'there's 200 countries, you can't talk to all of them,' he said in the interview. Trump also discussed a potential TikTok deal, relations with China, the strikes on Iran and his immigration crackdown. Here are the key takeaways: Few details on possible TikTok deal A group of wealthy investors will make an offer to buy TikTok, Trump said, hinting at a deal that could safeguard the future of the popular social media platform, which is owned by China's ByteDance. 'We have a buyer for TikTok, by the way. I think I'll need, probably, China approval, and I think President Xi (Jinping) will probably do it,' Trump said. Trump did not offer any details about the investors, calling them 'a group of very wealthy people.' 'I'll tell you in about two weeks,' he said when asked for specifics. It's a time frame Trump often cites, most recently about a decision on whether the U.S. military would get directly involved in the war between Israel and Iran. The U.S. struck Iranian nuclear sites just days later. Earlier this month, Trump signed an executive order to keep TikTok running in the U.S. for 90 more days to give his administration more time to broker a deal to bring the social media platform under American ownership. It is the third time Trump extended the deadline. The first one was through an executive order on Jan. 20, his first day in office, after the platform went dark briefly when a national ban — approved by Congress and upheld by the Supreme Court — took effect. Trump insists U.S. 'obliterated' Iran's nuclear facilities U.S. strikes on Iran 'obliterated' its nuclear facilities, Trump insisted, and he said whoever leaked a preliminary intelligence assessment suggesting Tehran's nuclear program had been set back only a few months should be prosecuted. Trump said Iran was 'weeks away' from achieving a nuclear weapon before he ordered the strikes. 'It was obliterated like nobody's ever seen before,' Trump said. 'And that meant the end to their nuclear ambitions, at least for a period of time.' Iran's supreme leader, Ayatollah Ali Khamenei, said Sunday on X that Trump 'exaggerated to cover up and conceal the truth.' Iran's ambassador to the United Nations, Amir Saeid Iravani, told CBS' 'Face the Nation' that his country's nuclear program is peaceful and that uranium 'enrichment is our right, and an inalienable right and we want to implement this right' under the Treaty on the Non-Proliferation of Nuclear Weapons. 'I think that enrichment will not — never stop.' Rafael Grossi, the head of the International Atomic Energy Agency, said on CBS that 'it is clear that there has been severe damage, but it's not total damage.' Grossi also said the U.N. nuclear watchdog has faced pressure to report that Iran had a nuclear weapon or was close to one, but 'we simply didn't because this was not what we were seeing.' Of the leak of the intelligence assessment, Trump said anyone found to be responsible should be prosecuted. Journalists who received it should be asked who their source was, he said: 'You have to do that and I suspect we'll be doing things like that.' His press secretary said Thursday that the administration is investigating the matter. A 'temporary pass' for immigration raids on farms and hotels? As he played up his immigration crackdown, Trump offered a more nuanced view when it comes to farm and hotel workers. 'I'm the strongest immigration guy that there's ever been, but I'm also the strongest farmer guy that there's ever been,' the Republican president said. He noted that he wants to deport criminals, but it's a problem when farmers lose their laborers and it destroys their businesses. Trump said his administration is working on 'some kind of a temporary pass' that could give farmers and hotel owners control over immigration raids at their facilities. Earlier this month, Trump had called for a pause on immigration raids disrupting the farming, hotel and restaurant industries, but a top Homeland Security official followed up with a seemingly contradictory statement. Tricia McLaughlin said there would be 'no safe spaces for industries who harbor violent criminals or purposely try to undermine' immigration enforcement efforts. Status of China trade talks Trump praised a recent trade deal with Beijing over rare earth exports from China and said establishing a fairer relationship will require significant tariffs. 'I think getting along well with China is a very good thing,' Trump said. 'China's going to be paying a lot of tariffs, but we have a big (trade) deficit, they understand that.' Trump said he would be open to removing sanctions on Iranian oil shipments to China if Iran can show 'they can be peaceful and if they can show us they're not going to do any more harm.' But the president also indicated the U.S. isn't afraid to retaliate against Beijing. When Fox News Channel host Maria Bartiromo noted that China has tried to hack U.S. systems and steal intellectual property, Trump replied, 'You don't think we do that to them?' David Klepper and Ali Swenson, The Associated Press
National Post
an hour ago
- National Post
Aurinia Pharmaceuticals to Host Conference Call to Discuss AUR200 Phase 1 Study Results on June 30, 2025
Article content ROCKVILLE, Md. & EDMONTON, Alberta — Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) today announced that it will host a webcast and conference call on June 30, 2025, at 8:30 a.m. ET to discuss AUR200 Phase 1 study results. The link to the webcast is available here. To join the conference call, please dial 877-407-9170/+1 201-493-6756. Click here for participant International Toll-Free access numbers. A replay of the webcast will be available on Aurinia's website. Article content About Aurinia Article content Article content Aurinia is a biopharmaceutical company focused on delivering therapies to people living with autoimmune diseases with high unmet medical needs. In January 2021, the Company introduced LUPKYNIS ® (voclosporin), the first FDA-approved oral therapy for the treatment of adult patients with active lupus nephritis. Aurinia is also developing AUR200, a dual inhibitor of B cell-activating factor (BAFF) and a proliferation-inducing ligand (APRIL) for the potential treatment of autoimmune diseases. Article content Article content Article content Article content Article content Article content
National Post
an hour ago
- National Post
Raptors will be looking for bargains in free agency this year
When Masai Ujiri was hired as Toronto Raptors general manager in 2013 the team had won just 57 combined games over the previous two seasons, missed the playoffs in five straight and the leading scorer was talented but flawed wing Rudy Gay. Article content There are some parallels with Bobby Webster's first season in charge, which begins now, with NBA free agency opening at 6 p.m. ET Monday. Article content Article content Article content These Raptors have won 55 games in two years under Darko Rajakovic, and have been out of the post-season mix four of the last five years, with a leading scorer in RJ Barrett who is talented but not without flaws of his own Article content Ujiri's first Raptors group had Kyle Lowry, DeMar DeRozan and Jonas Valanciunas on board already, along with an enigma in Andrea Bargnani and some talented veterans. Article content This one arguably has more talent on hand, with Scottie Barnes, Brandon Ingram, Jakob Poeltl, Barrett and Immanuel Quickley the most recognizable names. Article content Ujiri and his staff, which included a young Bobby Webster and Dan Tolzman, now the general manager and assistant general manager of the club and chief decision makers in the wake of Ujiri's departure, didn't waste much time in making changes. Article content Bargnani was moved within two months of Ujiri's arrival for a package that ended up yielding Poeltl, drafted ninth overall three years later. It's still one of the best deals in franchise history. Article content Article content Five months later, Gay was traded to Sacramento in a stunner that unexpectedly started the 'We the North' era, with Lowry and DeRozan taking off when surrounded by a different mix. Article content Article content Article content Don't expect Webster, Tolzman and the rest of Toronto's front office to make major moves like those ones anytime soon, though Barrett and/or Ochai Agbaji could be traded at some point mainly to ease future salary cap concerns. Toronto has only paid the luxury tax twice in 30 years and though Rogers, Inc. should not cheap out here (MLSE president Keith Pelley interestingly mentioned the team was at the luxury tax three times in last week's media conference on Ujiri's departure), we'll believe they'll pay the tax when they actually do (the team would have the full season to get under if they chose to go that route by moving Barrett, Agbaji, or other players).
