Gold Reserve Joyously Announces the Release of José Ignacio Moreno Suárez After Three Years of Imprisonment

Red Cat Holdings (RCAT) shares rose after President Trump announced new tariffs on imported drones and drone parts. The Wall Street Journal said China-bound imports face higher levies than allied nations, with implementation starting in three weeks and full rollout over six months. Red Cat’s U.S.-focused operations may reduce tariff exposure, according to S&P Global Market Intelligence.

Detroit automakers say proposed changes to a revised U.S.-Mexico-Canada trade deal could raise costs by at least $2 billion annually per company, Reuters reported. The U.S. wants 50% U.S.-made content for lower tariffs and higher North American content. GM expects $2.5B to $3.5B gross tariff expenses this year; Ford estimates about $1B net. Ford will shift Lincoln production to U.S. from China.

Detroit automakers warned that proposed changes to the U.S.-Mexico-Canada trade deal could add billions in annual costs. A 50% U.S.-made content rule and higher North American content could raise expenses by at least $2B per automaker, on top of existing tariffs. GM expects $2.5B-$3.5B gross costs; Ford estimates about $1B net. Ford will shift Lincoln production from China to U.S. factories.

Reuters reports Detroit automakers plan to tell the Trump administration that proposed changes to a revised North American trade deal could add billions in annual costs. A U.S. proposal for at least 50% U.S.-made content and higher North American content could cost each automaker at least $2B/year, on top of existing tariffs. GM expects $2.5B-$3.5B tariff gross costs in 2025; Ford estimates about $1B net.

Manus, a China-based AI agent startup that Meta acquired in Dec 2025, is ending its integration with Meta after Chinese regulators blocked the deal, according to Manus. Users have until 24 August to download work before some data created since 29 Dec 2025 is deleted, with restoration possible from 25 August. Meta has not said on replacement plans.

The Strait of Hormuz has been disrupted for months, reducing oil flows and contributing to global jet fuel shortages, according to Energy Aspects and the IEA. European airlines warned in July they may run out of jet fuel. Jet fuel prices swung from $215.32/bbl end-March to just over $130. Ryanair said fuel costs rose 11% and Southwest reported Q2 fuel expenses about $900m higher; United expects ~$6bn extra fuel expense in 2026.