Elon Musk announced that he has dissolved the Internal Revenue Service’s free file program, effectively firing the staff who worked on the popular program, the Daily Beast reports.
The billionaire revealed that he “deleted” the group of individuals who oversaw the system that allows Americans to easily file their taxes for free on the IRS website.
Read more: https://apnews.com/article/apple-us-inv ... 899efefb7cNEW YORK (AP) — Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in Texas.
The move comes just days after President Donald Trump said Apple CEO Tim Cook promised him that the tech giant’s manufacturing would shift from Mexico to the U.S. Trump noted the company was doing so to avoid paying tariffs. That pledge, coupled with Monday’s investment commitment, came as Trump continues to threaten to impose tariffs that could drive up the cost of iPhones made in China.
“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Cook said in a company blog post.
Apple outlined several concrete moves in its announcement, the most significant of which is the construction of a new factory in Houston — slated to open in 2026 — that will produce servers to power Apple Intelligence, its suite of AI features. The company claims this factory will create “thousands of jobs.”
Read more: https://www.reuters.com/business/autos- ... 025-03-03/
TOKYO, March 3 (Reuters) - Honda (7267.T), opens new tab has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter.
The change underscores how manufacturers are scrambling to adapt to U.S. President Donald Trump's proposed 25% tariffs on goods from Mexico and Canada. While several automakers have expressed concerns about the levies, Honda's move is the first concrete measure by a major Japanese car company.
Japan's second-largest automaker had initially planned to manufacture the next-generation Civic in Guanajuato, Mexico, according to the three people. Production was slated to start from November 2027, according to one of the people.
https://www.reuters.com/legal/us-suprem ... 025-03-05/Breaking news US Supreme Court won't let Trump withhold payment to foreign aid groups -Reuters
WASHINGTON, March 5 (Reuters) - A divided U.S. Supreme Court declined on Wednesday to let President Donald Trump's administration withhold payment to foreign aid organizations for work they already performed for the government as the Republican president moves to pull the plug on American humanitarian projects around the world.
Handing a setback to Trump, the court in a 5-4 decision upheld Washington-based U.S. District Judge Amir Ali's order that had called on the administration to promptly release funding to contractors and recipients of grants from the U.S. Agency for International Development and the State Department for their past work.
Chief Justice John Roberts and fellow conservative Amy Coney Barrett joined the court's three liberal members to form a majority in rejecting the Trump administration's request. Conservative Justices Samuel Alito, Clarence Thomas, Neil Gorsuch and Brett Kavanaugh dissented from the decision.
The order by Ali, who is presiding over an ongoing legal challenge to Trump's policy, had originally given the administration until February 26 to disburse the funding, which it has said totaled nearly $2 billion that could take weeks to pay in full.
Roberts paused that order hours before the midnight deadline to give the Supreme Court additional time to consider the administration's more formal request to block Ali's ruling. The Supreme Court's 6-3 conservative majority includes three justices Trump appointed during his first presidential term.
The court did not provide a rationale for its unsigned order on Wednesday. With the original deadline now lapsed, the court instructed Ali to "clarify what obligations the government must fulfill to ensure compliance with the temporary restraining order, with due regard for the feasibility of any compliance timelines."
Read more: https://apnews.com/article/walgreens-bu ... 07db4830fa
NEW YORK (AP) — Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just under $10 billion. Shareholders could eventually receive up to another $3 per share under certain conditions.
A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction. The company has already been making some big changes as it seeks to turn around its business. Walgreens has been a public company since 1927.
Walgreens, founded in 1901, has been dealing with thin prescription reimbursement, rising costs, persistent theft and inflation-sensitive shoppers who are looking for bargains elsewhere. Walgreens is in the early stages of a plan to close 1,200 of its roughly 8,500 U.S. locations.
The Deerfield, Illinois, company had already shed about a thousand U.S. stores since it grew to nearly 9,500 after buying some Rite Aid locations in 2018.