Business

Canada is set to announce details of retaliatory tariffs against the U.S. on Tuesday after relations between the two countries deteriorated sharply Monday.U.S. President Donald Trump warned Canadian leaders on Monday to "fall in line" or face consequences "far WORSE" than existing tariffs and Canadian Prime Minister Mark Carney accused the U.S. government of attempting to subordinate Canada.The U.S. imposed new 50% tariffs on Canadian goods such as wine, furniture […]

Sapporo USA reportedly plans to lay off 220 workers at three Stone Brewing locations in Escondido, California, as production of the craft beer brand shifts to facilities elsewhere in California and Missouri.The layoffs will begin with 58 workers on Oct. 19, according to Worker Adjustment and Retraining Notification letters filed by Sapporo with the state.FOX Business has reached out to Sapporo USA for comment and confirmation of the total number […]

Moderna's stock is riding high after news of a personalized cancer treatment, but CEO Stéphane Bancel is warning about a bigger threat: China's state-backed push to challenge the U.S. in biotechnology.In an interview on "Mornings with Maria" Monday, Bancel said that while Washington pulls back on mRNA funding, Beijing is pouring state money into biotechnology to challenge the U.S. Bancel said keeping drug manufacturing on American soil, including at Moderna's […]

President Donald Trump threatened Monday to impose 50% tariffs on Canadian-made vehicles, auto parts and steel beginning in January 2027, accusing Canada of "ripping off" the United States for years.Trump issued the warning in a Truth Social post, writing, "WE DON’T NEED CANADA, THEY NEED US!""Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life […]

A coalition representing immigrant-owned grocers is targeting New York City in a lawsuit over democratic socialist Mayor Zohran Mamdani's plans to open multiple government-owned grocery stores in the Big Apple, a government intervention that is expected to cut into the profits of regular markets.The lawsuit was expected to be filed Monday at 8 a.m. ET, following efforts to resolve the solution out of court.The coalition, which argues that the plan […]

The Trump administration is preparing to launch what Treasury Secretary Scott Bessent called an "economic D-Day" against Iran, escalating pressure not only on Tehran but also on foreign governments, financial institutions and businesses that continue providing the country with economic lifelines.The campaign could raise the stakes for companies and countries with financial, shipping and energy ties to Iran, as Tehran threatens to treat participation in the U.S. pressure campaign as […]

Representatives for Paramount Skydance and California Attorney General Rob Bonta's office are expected to meet Monday to discuss a potential resolution to the lawsuit seeking to block Paramount's $110 billion acquisition of Warner Bros. Discovery, according to reports.The talks come as the transaction remains on hold under a court agreement and the companies face a March 2027 antitrust trial unless the dispute is resolved sooner.Variety first reported Friday that the […]

President Donald Trump lashed out at Canada early Sunday in his first public comments since trade negotiations between the two countries collapsed, accusing Ottawa of wanting the "benefits of being a State, without being one.""Canada wants the benefits of being a State, without being one!!!" Trump wrote on Truth Social."They have also charged our great farmers, for many years, massive amounts of Tariffs," he added. "No more!!!"The comments come a […]

Minnesota Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to businessman and limited partner Marc Stad.The deal values the NBA and WNBA franchises at $4.5 billion, ESPN reported.Alex Rodriguez, a 14-time MLB All-Star and FOX MLB studio analyst, said Friday he plans to increase his equity stake in both franchises. Lore, meanwhile, will retain a minority stake. The size of Lore’s and Rodriguez’s […]