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Windsor Johnston
Live from NPR News in Washington, I'm Windsor Johnston. President Trump is reversing course. In a post on social media this morning, the president says 25% tariffs on Mexican and Canadian imports will take effect next Tuesday. The president had said that he would halt off on implementing the taxes until April 2. The pause was to give Canada and Mexico time to prove that they were working to curb shipments of fentanyl into the United States. The Supreme Court has paused a lower court ruling that requires the Trump administration to pay nearly $2 billion in foreign assistance to the U.S. agency for International Development. NPR's Frank Langford reports. The White House has eliminated nearly 5,800 foreign assistance grants and awards in effectively gutting USAID.
Frank Langford
The government still owes USAID grantees more than $1 billion. A federal district judge ordered USAID to restart payments by Wednesday night, but the Trump administration appealed to the Supreme Court, which paused the order. Officials said USAID eliminated about 92% worth of the agency's grants, while the State Department eliminated 28% worth. The government claimed a total savings of nearly $60 billion upon taking office. Trump ordered a pause in all USAID funding pending a comprehensive review. He called the agency, quote, in many cases antithetical to American values. Frank Lankfit, NPR News.
Windsor Johnston
Stocks on Wall street opened higher this morning as the Labor Department reported a jump in the number of people applying for unemployment benefits. NPR's Scott Horsley reports. The Dow rose about 100 points in early trading.
Scott Horsley
Some 242,000 people applied for unemployment benefits last. That's 22,000 more than the week before. Analysts say the widespread job cuts in the federal government won't begin to show up in the unemployment data for another couple of weeks. Orders for long lasting manufactured goods rose more than 3% last month, better than forecasters had expected. Most of the jump reflects a rebound in commercial aircraft orders after a slump at the end of last year. Computer chip maker Nvidia delivered another dazzling earnings report, suggesting no let up in demand for the hardware behind artificial intelligence. Nvidia's sales jumped 12% from the previous quarter and 78% from the same period a year ago. Scott Horsley, NPR News, Washington.
Windsor Johnston
Legendary actor Gene Hackman has died at the age of 95. His roles in Unforgiven and the French Connection earned him two Academy Awards. Hackman was also recognized as the supervillain in the Superman franchise, Lex Luthor, the.
Carvana Representative
Greatest criminal mind of our time.
Windsor Johnston
Of our time.
Carvana Representative
I hereby serve notice.
Windsor Johnston
Hackman was found dead alongside his wife in their home in New Mexico. Authorities don't believe foul play was in involved. You're listening to NPR News from Washington. More than 20 people are hospitalized in West Texas amid an outbreak of measles that has left one child dead. The CDC says 124 confirmed cases of measles, mostly among teens and children, have been confirmed in the US So far this year. The uptick comes as vaccination rates continue to fall in the United States. Two probes are headed for the moon today atop a SpaceX rocket. Joe Palka reports. Both are looking for evidence of water on the moon, one from lunar orbit and one from the lunar surface.
Joe Palka
The probe that will land on the moon is called Athena. It's built by the Houston company Intuitive Machines. Athena carries a drill that is designed to burrow three feet into the rocks that make up the lunar surface, searching for underground water. The lander carries several other instruments, including a rover that will test a lunar communications system built by Nokia. The orbiter is called Lunar Trailblazer. It has instruments designed to not only pinpoint the location of water deposits, but also identify their form. Are they frozen ice? Are they water vapor? Are they water molecules bound to rocks? Knowing the nature of the water will be important if future astronauts hope to use the water as a resource that will allow prolonged visits to the moon. For NPR News, I'm Joe Palka.
Windsor Johnston
Stocks on Wall street are trading mixed at this hour. The Dow Jones Industrial Average is up 110 points. The NASDAQ composite down 174. The S&P down 19 points. This is NPR News.
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NPR News Now: Detailed Summary of February 27, 2025, 10 AM EST Episode
Introduction In the February 27, 2025, episode of NPR News Now, host Windsor Johnston delivers a comprehensive overview of the latest national and international news. The episode covers significant developments in U.S. politics, economic indicators, health concerns, space exploration, and notable obituaries. This summary encapsulates all key discussions, insights, and conclusions presented during the five-minute broadcast.
1. U.S. Political Developments
a. Tariffs on Mexican and Canadian Imports President Donald Trump announced a reversal in his tariff policy on Mexican and Canadian imports. In a social media post at [00:13], Trump declared that the previously paused 25% tariffs would now take effect the following Tuesday. This policy shift counters his earlier decision to delay the implementation of these tariffs until April 2, a pause intended to allow Canada and Mexico to demonstrate efforts to reduce fentanyl shipments into the United States.
b. Supreme Court Intervention on Foreign Assistance Funding The episode highlights a critical Supreme Court decision that has temporarily halted a lower court ruling mandating the Trump administration to disburse nearly $2 billion in foreign assistance to the U.S. Agency for International Development (USAID). Frank Langford reports at [01:05] that the White House has eliminated approximately 5,800 foreign assistance grants, effectively undermining USAID’s operations.
President Trump criticized USAID, stating that the agency is "in many cases antithetical to American values" ([01:05]). The administration claims a total savings of nearly $60 billion through these cuts. The suspension of USAID funding was ordered pending a comprehensive review, leading to the elimination of about 92% of the agency's grants and 28% of the State Department's grants.
2. Economic Indicators
a. Stock Market Performance Windsor Johnston notes at [01:45] that Wall Street opened higher following a surge in unemployment claims reported by the Labor Department. The Dow Jones Industrial Average increased by approximately 100 points during early trading.
Later, at [04:36], stock market movements are updated with the Dow Jones Industrial Average up by 110 points, while the NASDAQ Composite and S&P 500 saw declines of 174 and 19 points, respectively.
b. Unemployment Claims and Manufacturing Orders Scott Horsley provides a detailed analysis at [01:59], indicating that 242,000 individuals filed for unemployment benefits last week, marking an increase of 22,000 compared to the previous week. Analysts suggest that the impact of widespread federal government job cuts may not be reflected in unemployment data for a few more weeks.
On a positive note, orders for long-lasting manufactured goods surged by over 3% last month, surpassing forecasts. This increase is largely attributed to a rebound in commercial aircraft orders following a downturn at the end of the previous year.
c. Nvidia’s Strong Earnings Report Nvidia reported impressive earnings, signaling sustained demand for artificial intelligence hardware. The company's sales rose by 12% from the previous quarter and a remarkable 78% year-over-year ([01:59]). This growth underscores the ongoing expansion and investment in AI technologies.
3. Public Health Concerns
Measles Outbreak in West Texas At [02:59], Windsor Johnston reports a concerning measles outbreak in West Texas, resulting in over 20 hospitalizations and the unfortunate death of one child. The Centers for Disease Control and Prevention (CDC) confirmed 124 measles cases across the United States this year, predominantly affecting teenagers and children. This rise in cases correlates with decreasing vaccination rates in the country, highlighting significant public health challenges.
4. Space Exploration
SpaceX’s Lunar Probes Joe Palka delves into advancements in space exploration at [03:50], detailing two probes launched by SpaceX aimed at uncovering evidence of water on the moon. The probes, Athena and Lunar Trailblazer, are part of NASA’s Artemis program:
Athena Lander: Developed by Intuitive Machines, Athena is equipped with a drill designed to penetrate three feet into lunar rocks to search for underground water. Additionally, it carries a rover to test a lunar communications system developed by Nokia.
Lunar Trailblazer Orbiter: This orbiter is tasked with identifying the locations and forms of water deposits on the moon, determining whether they exist as frozen ice, water vapor, or water molecules bound to rocks. Understanding the nature of lunar water is crucial for future astronaut missions, potentially enabling sustainable and prolonged lunar exploration.
5. Notable Obituaries
Gene Hackman’s Passing The episode mourns the loss of legendary actor Gene Hackman at [02:38]. Hackman, who died at the age of 95 alongside his wife in their New Mexico home, was celebrated for his iconic roles in Unforgiven and The French Connection, both of which earned him Academy Awards. Additionally, Hackman was renowned for portraying Lex Luthor, the supervillain in the Superman franchise.
Conclusion The February 27, 2025, episode of NPR News Now provides listeners with a concise yet comprehensive overview of pressing political decisions, economic trends, public health issues, groundbreaking space missions, and significant cultural losses. Through clear reporting and insightful commentary, the episode ensures that audiences are well-informed on the latest developments shaping the national and global landscape.