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Costco is suing the Trump admin for a tariff refund. The wholesale retailer where you can get a $1.50 hot dog and 72 pairs of socks in the same trip is asking for a “full refund” of all the duties it’s paid under President Trump’s reciprocal tariff policies, according to a lawsuit filed with the Court of International Trade. Costco becomes the biggest company to sue the administration over tariffs, joining Ray-Ban-maker EssilorLuxottica, Kawasaki, and others in seeking relief from tariffs that they say are illegal. The Supreme Court is expected to rule on the legality of the tariffs next year. During oral arguments last month, most justices appeared skeptical of Trump’s argument that he had the authority to impose the sweeping levies.
Hegseth cites “fog of war” in defense of second strike on alleged drug boat. During a Cabinet meeting at the White House yesterday, Defense Secretary Pete Hegseth said he didn’t see that there were survivors before a follow-up strike was ordered on a boat allegedly smuggling drugs in the Caribbean Sea. “The thing was on fire,” Hegseth said, adding that he “didn’t stick around” after the first strike. The Washington Post reported last week that Hegseth ordered a second strike that killed survivors, which experts say would have been illegal. President Trump said neither he nor Hegseth ordered the second strike. According to the White House, Admiral Frank M. “Mitch” Bradley was “well within his authority” to sanction it.
Warner Bros. Discovery fielded sweetened takeover bids. In a second round of bidding, Paramount Skydance, Netflix, and Comcast all made revised offers in the hopes of buying the company behind HBO. Paramount—the only of the three suitors that wants to buy all of WBD, not just its studios and streaming businesses—is reportedly offering an all-cash deal with the help of three Middle Eastern sovereign wealth funds. Netflix is said to be proposing a mostly cash offer, while Comcast’s latest cash-and-stock bid would combine its NBCUniversal unit with WBD, per reports. Any deal would likely face regulatory scrutiny, though it’s believed that the White House favors Paramount, which is owned by David Ellison, the son of Oracle co-founder and longtime Trump supporter Larry Ellison.—AE
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