DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Bayer Wins Major U.S. Supreme Court Roundup Lawsuit, Shares Surge 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
US Supreme Court Strikes Down Hawaii Gun Carry Law on Private Property 
Judge Orders $5.8 Million Payment to E. Jean Carroll After Trump Loses Appeal Bid 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
US spirits producers are cheering the end of the UK’s retaliatory tariffs on their bourbon
Retaliatory tariffs on over $500 million worth of US exports to the UK, including distilled spirits, various agricultural products, and consumer goods, have been lifted, the US Department of Commerce announced.
Chris Swonger, president, and CEO of the Distilled Spirits Council lauded the Biden administration for making it a priority to reset the relationship with the EU and UK, two of their most important allies and trading partners.
The Biden administration also cut deals to alleviate issues stemming from a trade dispute between the US and the E.U and the UK over respective subsidies to Boeing and Airbus which had resulted in tariffs on other U.S. spirits such as rum and vodka.
In 2018, the Trump administration placed tariffs on imports of both steel and aluminum, prompting the EU, which then included the UK, to respond with retaliatory tariffs.
The tariffs on bourbon were estimated to have cost the US whiskey industry hundreds of millions of dollars.
In November, the EU and the US negotiated a deal ending this trade dispute, but since the UK was now no longer part of the EU, another agreement had to be sorted out.
