Business

Trump unveils phased tariffs on generic drugs to boost US production

President Donald Trump announced Tuesday that imported generic drugs will remain tariff-free for the next two years before facing steep new import duties, saying the move is designed to encourage pharmaceutical companies to manufacture more medicines in the U.S. In a Truth Social post, Trump said all generic drugs imported…

Cracker Barrel sells Maple Street Biscuit Company, closes 16 locations

Cracker Barrel is selling restaurant properties and exiting its Maple Street Biscuit Company business as it works to cut debt and improve profits. The Southern country-themed chain said Monday it sold the Maple Street brand and assets tied to 35 locations to Biscuit Belly LLC. Cracker Barrel will close the…

Ford recalls nearly 388,000 vehicles over second-row seat injury hazard

Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase the risk of injury, according to federal regulators. A total of 387,911 vehicles are affected, including certain 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, the National Highway Traffic Safety Administration (NHTSA) said in…

More than 2,000 flights canceled as severe storms hammer East Coast

At least 7,000 flights were disrupted Tuesday as severe thunderstorms swept across the East Coast, snarling air travel at some of the nation’s busiest airports. More than 2,000 flights within, into or out of the United States were canceled, while over 5,000 others were delayed, according to FlightAware.The storms prompted…

Apple raises prices on some streaming services as licensing costs climb

Apple is raising prices on Apple Music subscriptions as well as certain Apple One plans as the company faces higher licensing costs. The tech giant last week hiked prices for Apple Music plans across subscription tiers. Individual plans will rise by $1 a month to $11.99, while student plans will…