Tanya Lewis, assistant editor at Scientific American, discusses the new tax the Trump administration recently placed on imported solar panels. She weighs in on what the decision means for the U.S. economy and for the consumer.
Some are deriding the tariff as a "job killer" and others are saying the move, meant to protect U.S. manufacturers, may not be as bad as some think.
Lewis talks about Trump's first year in office and the impact his administration has had on science. Since taking office, Trump has pulled out of the Paris Climate Agreement and scaled back national monuments.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
