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Korva Coleman
Live from NPR News in Washington, I'm Korva Coleman. President Trump is on his way to Scotland for four days. He will visit his golf courses there. He'll also meet with British Prime Minister Keir Starmer. Before he left this morning, Trump spoke to reporters at the White House. He says that there's a 5050 chance of reaching a trade deal with the European Union. He says talks with the EU are ongoing and he compared it to the deal struck with Japan earlier this week.
Donald Trump
But they want to make a deal very badly. I would have said we have a 25% chance with Japan and they kept coming back and we made a deal.
Korva Coleman
Meanwhile, more big companies are reporting tariffs pain, but investors are shrugging it off, sending the S&P 500 in the NASDAQ to A of record highs. NPR's Maria Aspen reports.
Donald Trump
But they want to make a deal.
Maria Aspen
Very General Motors, Chipotle and Volkswagen are just some of the companies warning that tariffs or the economic uncertainty they've caused are eating into their business. Yet investors broadly remain optimistic. The S&P 500, which tracks the largest US companies, has hit four consecutive records this week. The tech heavy Nasdaq is having its most record breaking month in five years. But tech giant intel and its workers aren't doing so well. The chip company has struggled to compete with Nvidia and other rivals in the artificial intelligence arms race. Now intel says it will lay off 15% of its workforce, or 75,000 people, by the end of this year. Maria Aspen, NPR News, New York.
Korva Coleman
France says it will recognize the state of Palestine as ceasefire talks have failed again and the humanitarian disaster in Gaza worsens. NPR's Eleanor Beardsley reports. President Emmanuel Macron says there is no alternative.
Eleanor Beardsley
Writing on X. Macron said France will recognize a Palestinian state at the UN in September. The urgent need today, said Macron, is for the war in Gaza to end and for the civilian population to be rescued by. France had originally planned to recognize a Palestinian state along with Saudi Arabia in June. But Israel's war with Iran put the issue on the back burner. The US And Israeli governments denounced Macron's decision, calling it reckless and a reward for Hamas. But Spanish Prime Minister Pedro Sanchez hailed Macron's move, saying it was the only way to protect the two state solution and peace. Macron said a demilitarized Palestinian state that recognizes Israel will contribute to the security of all in the Middle East. Eleanor Beardsley, NPR News, Paris.
Korva Coleman
Meanwhile, the US Is bringing home its negotiating team for consultations about the war in Gaza. The Trump administration envoy says Hamas has shown a, quote, lack of desire to reach a ceasefire. Hamas says it's surprised and that it has shown responsibility and flexibility in negotiations. On Wall street, the Dow Jones industrials are down 10 points. This is NPR. President Trump won his election appealing to voter concerns about high prices. But recent moves by his administration may push more Americans into medical debt. Some may face bills they cannot pay. I'm Levy with our partner KFF Health News has more.
Noam Levy
Millions of people who rely on Medicaid are expected to lose coverage in coming years, and many will have fewer protections from large medical bills if they get sick. That's a result of President Trump's big tax law. Meanwhile, premiums are spiking for Americans who buy their own health insurance. And those who can't pay their medical bills may face lower credit scores and higher interest rates. The Trump administration has rolled back rules to remove medical debt from consumer credit reports. The White House didn't respond to questions about how Trump policies could worsen medical debt, but patient advocates say the changes add up to more strain on family budgets and more Americans joining the hundred million who already have health care debt.
Korva Coleman
That's Noam Levy with our partner KFF Health News. The parent company of CBS and other media outlets has a new owner. Paramount has been taken over by the Ellison family and Skydance Media. They reached an agreement with the Trump administration to secure the deal. Skydance has agreed to end Paramount's DEI initiatives in the U.S. earlier, Paramount agreed to pay $16 million to settle a lawsuit by President Trump against CBS News. Extreme heat is lingering in the Central and Eastern US today. Warnings are posted for St. Louis, Philadelphia and parts of New Jersey. This is NPR.
NPR
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Release Date: July 25, 2025
Episode: NPR News Now: 07-25-2025 10AM EDT
Host: Korva Coleman
Korva Coleman reported that President Donald Trump is traveling to Scotland for a four-day visit, primarily to oversee his golf courses and engage in discussions with British Prime Minister Keir Starmer. Before departing, Trump addressed the media at the White House regarding the ongoing trade negotiations with the European Union.
Donald Trump [00:15]: "There's a 50-50 chance of reaching a trade deal with the European Union."
Trump expressed confidence in the talks, likening them to the recent agreement with Japan, and emphasized the EU's eagerness to finalize a deal.
Donald Trump [00:41]: "But they want to make a deal very badly. I would have said we have a 25% chance with Japan and they kept coming back and we made a deal."
Despite optimism from the administration, the reality on the ground shows mixed signals, with several large companies experiencing challenges due to tariffs.
Maria Aspen delved into the contrasting economic landscape where significant companies like General Motors, Chipotle, and Volkswagen are voicing concerns over the adverse effects of tariffs and economic uncertainties on their operations. Despite these challenges, investor sentiment remains buoyant, driving the S&P 500 to four consecutive record highs and the Nasdaq experiencing its most prolific month in five years.
However, not all sectors are thriving. Intel, a leading technology firm, is struggling to keep pace with competitors like Nvidia in the burgeoning field of artificial intelligence. As a result, Intel has announced plans to lay off 15% of its workforce, equating to 75,000 jobs, by the end of the year.
Maria Aspen [01:01]: "Intel and its workers aren't doing so well. The chip company has struggled to compete with Nvidia and other rivals in the artificial intelligence arms race."
Korva Coleman highlighted a significant geopolitical development as France declares its intent to recognize the State of Palestine, a move that comes as ceasefire efforts falter and the humanitarian situation in Gaza deteriorates.
Eleanor Beardsley reported that President Emmanuel Macron announced France's decision on X (formerly Twitter), emphasizing the immediate need to end the conflict and rescue civilians.
Emmanuel Macron [02:05]: "The urgent need today is for the war in Gaza to end and for the civilian population to be rescued."
France had initially planned to make this recognition in June alongside Saudi Arabia, but the ongoing conflict between Israel and Iran delayed the initiative. The United States and Israeli governments have criticized Macron's decision, labeling it as reckless and a potential reward for Hamas. In contrast, Spanish Prime Minister Pedro Sanchez commended the move, stating it was crucial for safeguarding the two-state solution and fostering peace in the region.
Macron further clarified that a demilitarized Palestinian state recognizing Israel would enhance security across the Middle East.
Continuing the focus on the Gaza conflict, Korva Coleman reported that the United States is recalling its negotiating team involved in consultations about the war in Gaza. The Trump administration's envoy accused Hamas of lacking the "desire to reach a ceasefire", a claim that Hamas refutes, asserting their "responsibility and flexibility in negotiations."
This development has had a slight impact on the stock market, with the Dow Jones Industrial Average experiencing a minor decline of 10 points.
Korva Coleman [02:51]: "The Trump administration envoy says Hamas has shown a, quote, lack of desire to reach a ceasefire. Hamas says it's surprised and that it has shown responsibility and flexibility in negotiations."
Korva Coleman transitioned to domestic issues, shedding light on the growing problem of medical debt in the United States amidst recent policy changes.
Noam Levy from KFF Health News elaborated on how millions reliant on Medicaid are anticipated to lose coverage in the coming years due to President Trump's tax law. Additionally, premiums for individuals purchasing their own health insurance plans are surging. The administration has also repealed regulations that previously excluded medical debt from impacting consumer credit reports.
Noam Levy [03:32]: "Millions of people who rely on Medicaid are expected to lose coverage in coming years, and many will have fewer protections from large medical bills if they get sick."
These policy shifts are expected to exacerbate financial strains on families, pushing more Americans into unmanageable medical debt and contributing to the already significant $100 million in healthcare-related debt nationwide.
In corporate news, Korva Coleman reported that Paramount, the parent company of CBS and other media outlets, has been acquired by the Ellison family and Skydance Media. This takeover was facilitated through an agreement with the Trump administration.
As part of the deal, Skydance has agreed to terminate Paramount's Diversity, Equity, and Inclusion (DEI) initiatives within the United States. Additionally, Paramount will pay $16 million to settle a lawsuit filed by President Trump against CBS News.
In environmental news, extreme heat continues to affect the Central and Eastern United States, with heat warnings issued for cities including St. Louis, Philadelphia, and parts of New Jersey.
Note: This summary excludes advertisements, introductions, and non-essential segments to focus solely on the core news content presented in the episode.