Nintendo asked a court to dismiss a lawsuit that wants the company to give tariff refunds to customers who bought its products. The lawsuit claims that Nintendo unfairly kept profits after raising prices due to tariffs imposed during President Trump's trade policies. Nintendo says customers have no legal right to those tariff refunds because they paid the advertised prices and received the products.
Key Facts
Two customers filed a class-action lawsuit against Nintendo over tariff refunds for products bought between February 2025 and February 2026.
The lawsuit alleges Nintendo raised prices because of tariffs, did not tell customers it expected to get tariff refunds, and kept those refunds.
Nintendo raised prices on the original Switch console by $30 to $50 and increased prices on Switch 2 accessories by $5 to $10.
Nintendo argues that when customers buy products at the set price and get what they paid for, they are not entitled to tariff refunds.
Similar lawsuits have been filed against Sony for PlayStation buyers and Microsoft for Xbox buyers regarding tariff refunds.
Tariffs were imposed during President Trump’s administration and later ruled illegal by the Supreme Court and the US Court of International Trade.
The government refund process only allows importers or customs brokers to get tariff money back, not individual consumers.
Nintendo and other companies have sued the government to ensure tariff refunds are properly issued to businesses.
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President Donald Trump has announced new 50% tariffs on some Canadian goods, adding to tariffs already in place. Despite this, financial markets have not shown significant negative reactions so far.
Key Facts
President Trump is adding a 50% tariff on certain products imported from Canada.
This new tariff is on top of existing tariffs imposed earlier.
Tariffs are taxes on goods coming into a country, meant to protect local industries or influence trade.
The announcement comes amidst ongoing trade tensions between the U.S. and Canada.
Investors and financial markets have remained calm and have not dropped sharply after the tariff news.
The exact Canadian goods targeted by the new tariffs were not detailed in the summary.
The tariffs are part of President Trump's broader trade policy approach.
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A $50,000 two-year certificate of deposit (CD) can earn between about $4,236 and $4,392 in interest at current rates of 4.15% to 4.30%. CDs pay a fixed interest rate but require keeping the money untouched until the end of the term to avoid penalties.
Key Facts
Certificate of deposit (CD) accounts pay interest over a fixed term.
Early withdrawal from a CD usually results in losing interest earned so far.
Current top interest rates for two-year CDs range from 4.15% to 4.30%.
A $50,000 deposit at these rates can earn roughly $4,236 to $4,392 after two years.
The interest is guaranteed and the initial deposit is protected, with accounts insured up to $250,000.
Traditional savings accounts currently offer much lower interest rates, around 0.38%.
High-yield savings or money market accounts are alternatives that provide better returns and more access to money.
Savers should shop around for the best CD rates before committing their money.
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An unfinished skyscraper called One Seaport in Manhattan has been paused since 2019 amid concerns about its leaning structure. The New York City Department of Buildings says the site is under a Stop Work Order but has not found any immediate danger to the public, while engineers say a leaning building is not always unsafe if it is stable and monitored.
Key Facts
One Seaport is a 670-foot skyscraper in Manhattan's Financial District, construction started in 2015 but paused since 2019.
Surveys reportedly showed the building leaning about three inches, causing legal disputes between the contractor and developer.
In 2024, photos online suggested the building was leaning west and touching a neighboring building.
The site has had multiple safety violations, including failure to correct hazardous conditions.
The NYC Department of Buildings issued a Stop Work Order in 2021, and the building permit has not been renewed since 2020.
The DOB says they have not seen evidence that the building is structurally unstable or an immediate hazard.
Engineers say a building that leans is not automatically dangerous if it is stable and not moving further.
Ongoing inspections and monitoring are important to determine the building’s safety over time.
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Novo Nordisk has filed a lawsuit against Eli Lilly, accusing the company of false advertising about its weight loss drugs. The case claims Eli Lilly used outdated studies to make its drugs seem more effective than Novo Nordisk’s Ozempic.
Key Facts
Novo Nordisk sued Eli Lilly in a New Jersey federal court.
The lawsuit is about advertising for weight loss drugs.
Eli Lilly’s drugs mentioned are Mounjaro and Zepbound.
Novo Nordisk’s drug involved is Ozempic.
The complaint says Eli Lilly used old studies to exaggerate its drugs’ effectiveness.
The lawsuit was filed on Tuesday.
The dispute centers on how well the weight loss drugs help people lose weight.
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Home values owned by seniors aged 62 and older reached a record high of $14.92 trillion in early 2026. Seniors can borrow against this home equity using options like reverse mortgages, home equity loans, or home equity lines of credit.
Key Facts
Senior home wealth rose by $314.8 billion (1.8%) in the first quarter of 2026 after previous declines.
Total home equity for seniors aged 62+ is now $14.92 trillion.
Reverse mortgages allow seniors to borrow without monthly repayments until death or sale of the home.
Home equity loans have average interest rates around 7%, lower than personal loans or credit cards.
A home equity line of credit (HELOC) offers a revolving credit line with variable rates and payments starting after an initial period.
Both home equity loans and HELOCs use the home as collateral, meaning borrowers could risk losing their home if payments are missed.
Reverse mortgages reduce home value and may affect inheritance plans.
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ESPN is laying off many employees for the first time in three years after buying NFL Network and other NFL digital assets last year. Some on-air personalities, including NFL analyst Ryan Clark, were informed of their layoffs during live broadcasts. The cuts also affect staff across other parts of ESPN and are part of wider job reductions at the Walt Disney Company.
Key Facts
ESPN acquired NFL Network, NFL Fantasy, and RedZone rights last year, giving the NFL a 10% ownership stake in ESPN.
The NFL Network employees officially joined ESPN on April 1, following government approval in January.
ESPN’s chairman said the layoffs are mostly related to integrating the NFL assets and restructuring the company for the future.
Ryan Clark learned about his layoff while appearing live on the show NFL Live.
Other ESPN on-air staff affected include Karl Ravech, Tom Pelissero, and reportedly Cam Newton.
Ian Rapoport and Adam Schefter, NFL insiders, recently received contract extensions and were not laid off.
The layoffs are part of a broader reduction in staff across the Walt Disney Company this week.
ESPN has not previously had such a large round of layoffs in the past three years.
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A new study shows that GLP-1 drugs, like Ozempic and Wegovy, help reduce long-term sick leave by 17% among workers. This decrease could save money for workers, employers, and the government by lowering time off due to illness.
Key Facts
GLP-1 drugs are prescribed for diabetes and obesity and improve health by lowering risks of heart attacks and strokes.
The study found users of GLP-1 drugs took 17% less sick leave lasting over 30 days than non-users.
Reduced sick leave can save up to 1.5% of an individual’s salary, about $866 on average.
The research used data from Denmark, where employers pay full salary for up to 30 days of sick leave, and the government pays after that.
Short-term sick leave reductions save employers money, while long-term reductions save the government money in Denmark.
In the U.S., sick leave policies are less generous, so reduced sick leave might improve worker productivity and benefit companies.
The study suggests that fewer sick days and less “presenteeism” (working while sick and less effective) could lead to better job performance and career opportunities.
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Airbus is testing folding wings for its next generation of planes to save energy and fit better in crowded airports. The company plans to try wing extensions on an A321neo plane next year and decide the new aircraft design by 2030. Rolls-Royce aims to supply new engines for these planes and is seeking UK government support for its UltraFan engine program.
Key Facts
Airbus will test folding wing extensions around 4-5 meters long on an A321neo plane in 2025.
Folding wings help longer wings fit into existing airport gates, improving energy efficiency.
Boeing already uses folding wingtips on its 777X but not on single-aisle planes like Airbus’s A321neo.
Airbus plans to decide the shape of its new planes by 2030, including wing shape and engine type.
New planes will have heavier, larger engines and wings shaped like a gull’s for better aerodynamics.
Rolls-Royce is developing UltraFan engines for both widebody and narrowbody planes.
Rolls-Royce seeks UK government support to invest in its engine program, arguing it will boost the UK economy.
UK government must balance support for Rolls-Royce with other priorities like social care and homelessness.
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A short-term certificate of deposit (CD) account can earn more interest than a regular savings account this July. For example, putting $15,000 into a short-term CD can generate several hundred dollars in interest within a year while still allowing access to the money after the term ends.
Key Facts
Regular savings accounts currently offer very low interest rates, around 0.38%.
Short-term CDs offer higher fixed interest rates, ranging from about 3.95% to 4.17% depending on the term length.
A $15,000 deposit could earn around $146 in 3 months or $626 in 1 year with top CD rates.
Terms offered include 3 months, 6 months, 9 months, and 1 year.
Interest earned depends on the CD’s fixed rate and the length of the term.
Savers should shop around to find the best rates and be aware of withdrawal penalties that could reduce earnings.
Short-term CDs provide a balance between earning higher interest and maintaining access to funds within a year.
Online platforms make it easier for savers to compare CD rates and open accounts quickly.
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United Airlines is looking into an incident where a video shows one of its employees seemingly threatening to call ICE, the U.S. immigration agency, during a disagreement with a passenger in San Francisco last week. The airline is investigating what happened.
Key Facts
The event took place last week in San Francisco.
A United Airlines employee and a passenger had a confrontation.
Video footage shows the employee appearing to threaten to call ICE.
ICE stands for Immigration and Customs Enforcement, a U.S. government agency.
United Airlines is conducting an investigation into the incident.
The situation was reported by CBS News and Kris Van Cleave.
The company has not yet shared the results of the investigation.
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President Donald Trump has announced a 50% tariff on many goods imported from Canada. He said this is in response to how Canada treats American farmers, especially regarding cars, dairy, and alcohol.
Key Facts
President Trump imposed a 50% tax on various Canadian imports.
The tariffs target products like cars, dairy, and alcohol from Canada.
The move is described as retaliation for Canada's treatment of U.S. farmers.
The tariffs will start 30 days after the announcement.
This decision increases trade tensions between the United States and Canada.
The White House confirmed the timeline for the tariffs to take effect.
The issue involves trade fairness between neighboring countries.
The tariffs affect goods crossing the U.S.-Canada border.
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Taco Bell has reported fewer customers visiting its stores because of concerns about an illness outbreak linked to lettuce. The FDA is investigating the source of the illness, focusing on shredded iceberg lettuce from farms in central Mexico.
Key Facts
There is an outbreak of cyclosporiasis, an illness caused by a parasite.
The FDA is investigating the cause of the outbreak.
The investigation is focusing on shredded iceberg lettuce from Taylor Farms in central Mexico.
Taco Bell uses shredded lettuce in some of its menu items.
As a result of the outbreak, fewer people are visiting Taco Bell restaurants.
The drop in customers is linked to people avoiding raw produce during the outbreak.
The investigation is ongoing and has not yet confirmed the final source.
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Bill Gates and the Gates Foundation met with Jeffrey Epstein about 30 times between 2011 and 2014. An outside law firm review found no evidence of illegal activity but noted that foundation staff had concerns about working with Epstein.
Key Facts
Bill Gates met privately with Jeffrey Epstein multiple times despite concerns from his foundation’s staff.
Meetings focused on a health fund project that never started and a grant to a nonprofit connected to Epstein.
Some meetings took place at Epstein’s Manhattan home; others were at the Gates Foundation offices.
The Gates Foundation did not pay Epstein or engage in illegal actions according to the law firm WilmerHale’s review.
Gates has said he made a “grave error in judgment” in meeting Epstein and denies knowledge of Epstein’s crimes.
Epstein was charged in 2019 with sex trafficking of minors and died by suicide before his trial.
The connection between Gates and Epstein began through a foundation adviser introducing them.
Warren Buffett recently explained skipping donations to the Gates Foundation partly due to Gates’ ties with Epstein.
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Novo Nordisk is suing the US company Eli Lilly for running misleading ads about their weight-loss and diabetes drugs. Novo Nordisk says Eli Lilly used old studies and left out important information to make their products look better than Novo Nordisk’s.
Key Facts
Novo Nordisk makes the drug Ozempic, which contains semaglutide.
Eli Lilly makes competing drugs Zepbound and Mounjaro, which contain tirzepatide.
Novo Nordisk claims Eli Lilly’s ads use outdated studies and hide key details.
The lawsuit focuses on ads shown during global sports events and on social media.
Eli Lilly says their ads are based on a direct clinical trial called Surmount-5.
Both companies’ drugs mimic a natural hormone called GLP-1 that helps with weight loss and diabetes.
Novo Nordisk wants advertising to be truthful and based on the latest scientific evidence.
Eli Lilly wants to continue sharing their trial results and stands by their advertising.
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A report from The Aspen Institute shows that most American households lack enough wealth to handle financial problems and reach key life goals like buying a home and saving for retirement. The amount of wealth people need to feel financially secure grows as they get older, but many still fall short across all age groups.
Key Facts
About 34.5 million U.S. households do not have enough savings and assets to meet "essential wealth," which includes six weeks of pay plus enough for homeownership and retirement.
Essential wealth means having money saved to cover setbacks and owning assets that help with long-term goals like education and retirement.
People under 40 who meet this benchmark generally have enough for a down payment on a basic home.
Only 29% of Americans aged 65 and older meet the essential wealth level, the highest percentage among age groups.
Many younger adults feel homeownership is harder to achieve now compared to their parents’ generation.
The amount of essential wealth needed can vary depending on where someone lives and their income.
Despite low unemployment and strong stock markets, many Americans feel pessimistic about their financial future.
The Aspen Institute suggests focusing on wealth, not just income, to better understand financial security.
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The U.S. government, under President Donald Trump, announced a $700 million plan to support coal plants and revive the coal industry, including funding for a coal terminal in Oakland, California. Local residents and environmental groups oppose the terminal because of health concerns related to coal dust and pollution.
Key Facts
Oakland residents have long suffered from health problems due to pollution from trucks and freight at the nearby port.
In 2013, plans were made to convert part of the Oakland port into a coal terminal to export coal from western U.S. states to Asia.
Local activists, led by Margaret Gordon, fought the coal terminal project for over a decade through lawsuits and city laws.
President Trump announced support for 14 coal plants and $75 million to revive the Oakland coal terminal as part of a $700 million package.
The plan aims to lower energy costs and create 14,000 jobs, mostly in coal-dependent states.
Environmental and community groups in Oakland continue to oppose the coal terminal due to its impact on public health.
Coal production in the U.S. has significantly declined since 1990, leading to fewer coal jobs.
California lawmakers are working on bills to require more environmental reviews and limit funding for coal projects.
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Homeowners face high costs for HVAC repairs and replacements due to rising equipment prices and inflation. Extended warranties and service plans are often sold to help reduce future expenses, but not all plans offer good value. Preventive maintenance plans are generally worth the cost, while some extended warranties and retailer protection plans may not provide meaningful savings.
Key Facts
Repairing or replacing HVAC systems is becoming more expensive due to higher equipment costs, inflation, and labor prices.
Many homeowners consider extended warranties or service plans to avoid large future repair bills.
Preventive maintenance plans usually include tune-ups, cleaning, inspections, refrigerant checks, and repair discounts.
Regular maintenance helps HVAC systems run efficiently and last longer, potentially saving money over time.
Extended warranties that cover both parts and labor can be worth it if they offer protection beyond the manufacturer’s warranty.
Some retailer protection plans duplicate manufacturer warranties and may have many exclusions or limits, reducing their value.
Before buying any extended coverage, it is wise to compare the new plan carefully with existing warranty protections.
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ESPN has started laying off employees following its acquisition of NFL Network and related digital assets. The layoffs affect mostly production and behind-the-scenes staff, though some on-air personalities were also impacted.
Key Facts
ESPN acquired NFL Network, NFL Fantasy, and RedZone distribution rights last year.
The deal gave the NFL a 10% ownership stake in ESPN.
Regulators approved the acquisition in January 2026.
NFL Network employees officially became part of ESPN on April 1, 2026.
Layoffs began soon after to integrate the NFL assets and streamline operations.
Some well-known ESPN figures, including analyst Ryan Clark and broadcaster Karl Ravech, were laid off.
The layoffs are part of larger cost-cutting measures at the Walt Disney Company, ESPN’s parent company.
ESPN Chairman Jimmy Pitaro emphasized empathy and support for affected employees during the transition.
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Prime Minister Andy Burnham held his first cabinet meeting and focused on lowering living costs. He announced a VAT cut on household energy bills starting in October, funded by canceling a planned digital ID project, though some debate exists over the plan’s financial details.
Key Facts
Andy Burnham chaired his first cabinet meeting as Prime Minister, prioritizing cost of living issues.
He announced a VAT cut from 5% to zero on household electricity bills in England, Wales, and Scotland starting in October.
The VAT cut is expected to save the average household about £45 per year.
The VAT cut will not apply in Northern Ireland due to post-Brexit rules.
Burnham plans to pay for the VAT cut by canceling the digital ID scheme, estimated to cost £850 million this year.
Some critics say the digital ID scheme funding was not fully secured, raising concerns about budget management.
Burnham aims for his government to clearly show how policies will be paid for and may ask ministers to reprioritize spending.
The cabinet reshuffle removed some Starmer loyalists and promoted new ministers, including John Healey as chancellor.
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