peel back effect

AP Business SummaryBrief at 3:48 a.m. EDT

Posted 6/15/25

Trump curbs immigration enforcement at farms, meatpacking plants, hotels and restaurants

WASHINGTON (AP) — The Trump administration has directed immigration officers to pause arrests at farms, …

delmar logo

You must be a member to read this story.

Join our family of readers for as little as $14.99 per month and support local, unbiased journalism.


Already a member? Log in to continue.   Otherwise, follow the link below to join.

Please log in to continue

Log in

AP Business SummaryBrief at 3:48 a.m. EDT

Posted

Trump curbs immigration enforcement at farms, meatpacking plants, hotels and restaurants

WASHINGTON (AP) — The Trump administration has directed immigration officers to pause arrests at farms, restaurants and hotels after President Donald Trump expressed alarm about the impact of aggressive enforcement. The move comes after Stephen Miller, chief architect of Trump’s immigration policies, said U.S. Immigration and Customs Enforcement would target 3,000 arrests a day, up from about 650 a day during the previous five months. The New York Times reports the directive Thursday told ICE to halt workplace investigations in key industries. A U.S. official who spoke to The Associated Press on condition of anonymity confirmed the contents of the order.

Death toll in Indian plane crash climbs to 270 as search teams find more bodies

AHMEDABAD, India (AP) — Search and recovery teams continue to search the site of one of India’s worst aviation disasters for a third day. An Air India flight fell from the sky Thursday, killing at least 270 people on board and on the ground in Gujarat state. The London-bound Boeing 787 struck a medical college hostel in a residential area of the northwestern city of Ahmedabad minutes after takeoff. Officials say recovery teams working until late Friday found at least 25 more bodies in the debris. The lone surviving passenger is still under observation at the Civil Hospital in Ahmedabad.

Taiwan adds China’s Huawei and SMIC to export control list

TAIPEI, Taiwan (AP) — Taiwan’s Commerce Ministry has added Chinese chipmakers Huawei Technologies and Semiconductor Manufacturing International Corp to its export control list, as trade and technology frictions between the self-ruled island, China and the United States increase. Inclusion on the “strategic high-tech commodities” list means Taiwanese companies will need to obtain export permits before selling goods to the respective companies. Other entities on the list include organizations such as the Taliban and al-Qaeda, as well as companies in China, Iran and elsewhere.

Oil prices leap 7% and US stocks slump more than 1% on worries about the crude market

NEW YORK (AP) — Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy. The S&P 500 sank 1.1% Friday and wiped out what had been a modest gain for the week. The Dow Jones Industrial Average dropped 769 points, and the Nasdaq composite lost 1.3%. Crude prices jumped roughly 7% because Iran is one of the world’s major producers of oil and fighting in the region could disrupt the flow. Treasury yields rose with worries about inflation.

Consumer sentiment rises for 1st time this year as inflation remains tame

WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, jumped 16% to 60.5. The large increase followed steady drops that left the preliminary number last month at the second-lowest level in the nearly 75-year history of the survey. Consumer sentiment is still down 20% compared with December 2024.

Republican enthusiasm for Musk cools after his feud with Trump, a new AP-NORC poll finds

WASHINGTON (AP) — A new poll finds Elon Musk has lost some of his luster with Republicans since his public falling-out with President Donald Trump. The Associated Press-NORC Center for Public Affairs Research poll finds fewer Republicans view Trump’s onetime government efficiency bulldog “very favorably” now than they did in April. Though most Republicans continue to hold a positive view of Musk, their diminished fervor suggests his vocal opposition to the Republican president’s signature tax cut legislation may have cost him GOP goodwill. Musk called the GOP tax and budget policy bill “a disgusting abomination.” But Musk’s overall favorability hasn’t shifted: Musk remains less popular than his electric vehicle company, Tesla.

Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms

WASHINGTON (AP) — President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a “golden share,” or veto power to ensure the country’s national security interests are protected.

'Gas station heroin' is technically illegal and widely available. Here are the facts

WASHINGTON (AP) — Health officials want you to think twice before buying brightly colored energy shots and supplements often sold at gas stations, convenience stores and smoke shops. The products are sometimes called “gas station heroin," and contain tianeptine. That's an antidepressant that can be addictive and carries the risk of serious side effects. U.S. poison control centers have reported a steady rise in calls linked to the drug for more than a decade. The drug has never been approved by the FDA for any medical condition in the U.S. and cannot legally be added to foods and beverages or sold as a dietary supplement. About a dozen states have prohibited or restricted tianeptine.

Meta invests $14.3B in AI firm Scale and recruits its CEO for 'superintelligence' team

Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The move reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition from rivals such as Google and OpenAI. Meta announced what it called a “strategic partnership and investment” with Scale late Thursday but didn’t disclose the financial terms of the deal. Scale said the added investment puts its market value at over $29 billion.

Shares of meatpacking giant JBS fall in debut on the NYSE

Shares of Brazilian meat giant JBS made their debut Friday on the New York Stock Exchange, dropping 3.9%. Trading in New York has been a long-held goal for JBS, which was founded 72 years ago and is now one of the world’s largest meat companies. Half its annual revenue comes from the U.S., where it has more than 72,000 employees. JBS’s minority shareholders voted last month to approve the company’s plan to list its shares both in Sao Paulo and New York, casting aside opposition from environmental groups, U.S. lawmakers and others who have noted JBS’ record of corruption, monopolistic behavior and environmental destruction.

Members and subscribers make this story possible.
You can help support non-partisan, community journalism.

x
X