Trump imposes 50% tariffs on Canada, UK names new chancellor, major tech mergers face scrutiny, and Middle East tensions drive oil prices higher amid broader economic headwinds.

Trump administration announced 50% tariffs on Canadian goods to take effect in 30 days unless Canada removes what it calls discriminatory trade barriers, escalating tensions with one of America's largest trading partners and reigniting major trade disputes.

UK's new Prime Minister Andy Burnham appointed John Healey as Chancellor of the Exchequer, giving the former defense secretary one of the most consequential economic policy positions as the government navigates fiscal challenges.

A federal judge temporarily paused the $111 billion Paramount-Warner Bros. merger to consider a lawsuit arguing the deal violates antitrust laws, adding uncertainty to one of media's largest proposed consolidations.

U.S. average gas prices returned to $4 per gallon as Middle East tensions escalate following Iran strikes, with oil settling at one-month highs amid geopolitical risks and Saudi Arabia facing a Houthi maritime blockade threatening global energy supplies.

Chinese AI startup Moonshot's Kimi K3 model has narrowed the AI gap with the U.S. to 'a matter of weeks,' sparking concerns in Silicon Valley about American technological leadership while the company suspended new subscriptions due to compute constraints.

Google's integration of AI into search is imperiling the open web as users spend more time on Google's platform, raising concerns among website operators about discoverability and the future of independent content distribution.

Chinese egg prices have surged significantly, hitting consumers hard as China consumes more eggs per capita than nearly any other country, illustrating broader inflation pressures in the world's second-largest economy.

Trump administration aggressively sought phone records of New York Times journalists and their relatives to identify confidential sources reporting on the president's new Air Force One, prompting legal challenges to protect press freedom.

Alibaba's chip design unit T-Head announced plans to open-source its proprietary software stack to challenge Nvidia's dominant ecosystem, signaling intensified competition in AI infrastructure as Chinese tech giants rapidly advance capabilities.

Americans are skipping salads and lettuce purchases as a cyclospora outbreak investigation continues, with shares of chains like Cava, Chipotle and Sweetgreen declining amid food safety concerns and consumer hesitation.