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Trump Administration Appears Undecided on Canada, Mexico Tariffs

Trump Administration Appears Undecided on Canada, Mexico Tariffs

Update: 2025-01-31

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Plus: The FDA approves a new drug designed to cut the risk of addiction and overdoses related to opioids. And, Apple shares rise in offhours trading after the company’s earnings top expectations. Luke Vargas hosts.

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00:00

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Transcript

00:00:00

Hey there, Ryan Reynolds here.

00:00:01

It's a new year, and you know what that means.

00:00:03

No, not the diet.

00:00:04

Resolutions.

00:00:06

Away for us all to try and do a little bit better than we did last year.

00:00:09

In my resolution, unlike Big Wireless, it's to not be a raging **** and raise the price of wireless on you every chance I get.

00:00:17

Give it a try at minmoble.com/switch.

00:00:20

$45 up from payment required equivalent to $15 per month.

00:00:23

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00:00:25

Taxes and fees extra, speed slower above 40 gigabytes on unlimited cementmoble.com for details.

00:00:29

Here is your morning brief for Friday, January 31st.

00:00:36

I'm Luke Vargas for the Wall Street Journal.

00:00:38

With time running out before President Trump's February 1st deadline to impose tariffs on Mexico in Canada, we report that his administration appears undecided on whether to push ahead with the measures.

00:00:51

According to people familiar with the matter, officials are preparing more targeted measures that could only affect certain sectors, contain major exemptions, such as for oil,

00:01:02

or include a grace period before implementation, though across the board tariffs could also still go into effect as threatened.

00:01:10

The Food and Drug Administration has approved a new type of painkiller design to eliminate the risks of addiction and overdose related to opioid medications.

00:01:20

A pill made by Vertex Pharmaceuticals marks the first new approach to treating pain in 20 years underscoring the challenges of finding novel treatment methods.

00:01:32

Shares of Vertex Pharmaceuticals are rallying in off-hours trading.

00:01:36

And also up in off-hours trading are Apple shares after the tech giant reported better than expected earnings yesterday evening.

00:01:44

Net income for the December quarter rose more than 7%, though iPhone sales slipped almost 1% missing analyst forecasts.

00:01:53

Asian stocks have ended the day broadly higher.

00:01:57

European stocks are up in midday trading, and US stock futures are also edging higher ahead of the release of the personal consumption expenditures price index due out at 8.30 a.m.

00:02:08

Eastern.

00:02:08

And we've got a lot more coverage of the day's news on the WSJ's What's News podcast?

00:02:13

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

00:02:21

Trump Administration Appears Undecided on Canada, Mexico Tariffs

Trump Administration Appears Undecided on Canada, Mexico Tariffs

The Wall Street Journal

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