The Federal Reserve is widely expected to cut interest rates following a strong stock week. Former President Donald Trump was safe after what the FBI called an apparent assassination attempt. Pfizer released positive trial data for a drug that treats a common condition affecting cancer patients.
The Biden administration proposed a rule to curb a tariff law loophole that both of the popular Chinese-linked online retailers Shein and Temu have used to minimize their import duties. Shein and Temu’s prices could rise 20% if the so-called de minimis exemption is changed, according to a spokesperson for the Republican majority of the House Select Committee on the Chinese Communist Party, which estimated investigating the companies last year.
Fed to lower interest rates
Both companies have said their low prices are not reliant on the loophole, and Shein has said it supports reform of the de minimis provision. DirecTV users who want to watch “Monday Night Football” can sigh in relief. The pay-TV provider reached a deal with Disney on Saturday to end a blackout of the media giant’s channels, including ESPN.
The agreement allows DirecTV to offer customers multiple genre-specific options, like sports and kids’ content, and to offer Disney’s streaming services in its packages or a la carte. The blackout lasted through the U.S. Open, a range of college football games, and the NFL season’s opening “Monday Night Football” matchup.
