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[ad_1] London CNN  —  President Donald Trump’s trade war will wreak greater economic damage than previously expected, both in the United States and everywhere else, according to new forecasts by the Organisation for Economic Co-operation and Development. In a report Tuesday, the group of 38 mostly wealthy nations sharply downgraded its 2025 economic growth forecast for America to 1.6% from the 2.2% projected in March and said growth would be even weaker next year. The report underscores the uncertainty and chaos around Trump’s tariffs, as well as their potential to cause lasting harm across the world. The Paris-based organization cited…

[ad_1] Hong Kong/New York CNN  —  It’s the most prescribed antibiotic in the United States, used by tens of millions of people every year to treat bacterial infections including pneumonia, stomach ulcers, and strep throat. Yet, it isn’t exactly common knowledge that amoxicillin, a relative of penicillin that has been in chronic short supply, has only one manufacturer in the US, or that China controls 80% of the raw materials required for its production. That’s a major concern as US President Donald Trump threatens to impose tariffs on pharmaceutical imports, throwing a spotlight on America’s dependence on critical drug supplies…

[ad_1] New York CNN  —  The US trade war with China has a major sticking point: rare earths minerals. Last month, President Donald Trump said the United States needed Greenland “very badly,” renewing his threat to annex the Danish territory. Greenland is a resource-rich island with a plentiful supply of critical minerals, a category that also includes rare earths elements, under its ice sheet. Trump also signed a “rare earth deal” with Ukraine. The tussle over rare earths precedes the current administration. China for years has built up near-total control of the materials as part of its wider industrial policy.…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Draconian US oil sanctions took effect on Venezuela last week after Washington refused to extend the licence of Chevron to operate in the country. The crackdown on the only big foreign oil operator in the Latin American country echoed the “maximum pressure” campaign waged by the first Trump administration to try to force out authoritarian President Nicolás Maduro.That effort helped crater the Venezuelan economy but failed to achieve regime change. Maduro tightened his grip until the Biden administration loosened restrictions in…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private credit is now so intertwined with big banks and insurers that it could become a “locus of contagion” in the next financial crisis, a group of economists, bankers and US officials has warned.Researchers from Moody’s Analytics, the Securities and Exchange Commission and a former top adviser to the Treasury Department found private credit funds have become enmeshed with the banking system, creating “new linkages [that] introduce new modes of systemic stress”. “Their opaqueness and role in making the financial network…

[ad_1] OpenAI CEO Sam Altman is betting that AI could soon help “discover new knowledge” and said it is already beginning to act like your junior-level coworkers.”You hear people that talk about their job now is to assign work to a bunch of agents, look at the quality, figure out how it fits together, give feedback, and it sounds a lot like how they work with a team of still relatively junior employees,” Altman said of AI agents on Monday during the Snowflake Summit 2025, in a conversation with Snowflake Computing CEO Sridhar Ramaswamy.”I would bet next year that in…

[ad_1] Investor Steve Eisman of “The Big Short” fame thinks it’s dangerous to chase upside right now. “I have one concern, and that’s tariffs. That’s it,” the former Neuberger Berman senior portfolio manager told CNBC’s ” Fast Money ” on Monday. “The market has gotten pretty complacent about it.” Now podcast host of “The Real Eisman Playbook,” Eisman contends Wall Street is underestimating the complexity of ongoing U.S. trade negotiations with China and Europe. “I just don’t know how to handicap this because there’s just too many balls in the air,” said Eisman, who warns a full-blown trade war isn’t…

[ad_1] If you’ve ever been locked out of your work computer, you know the urgent need to reach IT support. Unfortunately, help desk staff are often busy assisting others, which can mean a significant delay before you regain access. Andrei Serban realized the critical importance of IT’s manual work when he was a product lead on Rippling’s apps and integrations team. Serban, who joined Rippling after it acquired his coding security startup Fuzzbuzz in 2023, saw an opportunity to automate many of the help desk’s basic tasks with AI, from resetting passwords, to granting access to apps like Figma and…

[ad_1] 2025-06-02T22:09:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Marc Maron says he plans to end his “WTF” podcast later this year. Maron cited burnout and said, “It’s OK to end things.” “WTF” launched in 2009 and featured guests like former President Barack Obama and David Letterman. One of the original podcasters is hanging up his mic.Marc Maron, host of…

[ad_1] DreamWorks co-founder Jeffrey Katzenberg’s venture fund WndrCo co-led a $15.5 million Series A round for Creatify, an AI video ad platform. Creatify’s AdMax platform uses AI to quickly generate dozens of video advertisements, which are geared toward social media marketing — AdMax analyzes high-performing social video campaigns on apps like TikTok and Instagram to shape its output. Tech industry titans have been bullish on AI advertising. Meta CEO Mark Zuckerberg recently spoke about his ambitions to automate all of advertising with an AI ad tool, which would test thousands of ads on Facebook, Instagram, and Threads users. This degree…