Apple is reportedly in talks with miners to get thousands of tons of cobalt, a key ingredient in iPhone batteries. The tech giant is considering buying a five-year supply of the metal to sustain production of its devices. Cobalt is also used to make electric vehicles, so Apple may be acting on fears of a shortage in the coming years.
Amazon quietly launches a line of over-the-counter health products. The e-commerce giant reportedly brought in a private label manufacturer to make drugs similar to Mucinex and Advil. Analysts say this could be good for consumers as it may encourage pharmacies to lower prices.
President Trump asks the Justice Department to make bump stocks illegal following the Parkland shooting. Newsweek's Gersh Kuntzman says bump stocks are the "lowest of the low-hanging fruit" in the push for gun reform. Kuntzman says regulating these devices doesn't even qualify as gun control since there are already laws on the books restricting machine guns. Bump stocks, which convert guns into automatic weapons, weren't used in the Parkland shooting, but they were used in the Las Vegas shooting last year.
Actress Lori Loughlin talks about playing Aunt Becky on "Full House" and "Fuller House," and her Hallmark show "When Calls the Heart." Loughlin plays Abigal Stanton in the Hallmark period drama. She says she fought to make her character the town mayor in the show to highlight strong female leads. Loughlin also discusses how pleased she's been with fan reaction to "Fuller House." Netflix recently announced the show would return for a fourth season.
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
