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Lakshmi Singh
Live from NPR News in Washington, I'm Lakshmi Singh. Final preparations are underway for Friday's summit between President Trump and Russian President Vladimir Putin in Alaska trying to negotiate an end to Russia's war in Ukraine. NPR's Charles Mainz is following developments from Moscow.
Charles Maynes
The Kremlin has remained largely silent since confirming Putin's participation in the summit last week. Only Putin's US Envoy, Kirill Dimitriev, is taken to publicly praising the choice of location. Dimitriev has repeatedly pointed to Alaska as a symbolic bridge between nations, given the state's history as once part of the Russian empire, sold to the US in the 1860s. Yet Alaska is also a long way from Ukraine, where Trump says a deal to end Russia's war there may involve some swapping of different lands. Ukraine's President Volodymyr Zelenskyy will not be included in the talks, and he and his European allies say that while they appreciate Trump's peace efforts, they will reject any concessions negotiated behind their backs. Charles Maynes, NPR News, Moscow.
Lakshmi Singh
Trump's extending a trade truce with China an additional 90 days. Had that truce expired overnight as planned, the world's two biggest economies would have resumed a trade war involving tit for tat tariff hikes. The president's tariffs are raising prices for imported items such as furniture and toys. NPR's Scott Horsley reports. That contributed to stubbornly high inflation last month.
Scott Horsley
A new report from the Labor Department shows consumer prices in July were up 2.7% from a year ago. The rising cost of rent, airfare and used cars was partially offset by a drop in the price of gasoline, stripping out volatile energy and food prices. Core inflation jumped to 3.1% for the 12 months ending in July. The effects of President Trump's worldwide tariffs can be seen in the rising price of imported goods such as toys and home furnishings. While overall grocery prices were down during the month, imported foods like coffee and bananas got more expensive. Earlier this month, Trump ordered a new round of even higher tariffs, which could put upward pressure on prices for months to come. Scott Horsley, NPR News, Washington.
Lakshmi Singh
Pfizer says the Food and Drug Administration may withdraw the authorization of the company's COVID 19 vaccine for very young children. NPR's Rob Stein has that story.
Charles Maynes
Pfizer's COVID vaccine has been available to kids ages 6 months to 4 years under what's called an emergency use authorization. But Pfizer says the FDA has informed the company the agency may not renew that authorization. So the company is working with the FDA to try to keep the vaccine available for very young kids. They're at high risk for serious complications. Moderna's COVID vaccine would still be available for kids in that age group who have other health problems, but this could leave healthy kids in limbo. Rob stein, NPR News.
Lakshmi Singh
U.S. stocks are trading higher this hour with the Dow up 442 points or more than 1%. It's NPR News. YouTube is set to begin testing an AI powered age verification system in the US this week. The new program is intended to tell adults and minors apart based on their viewing habits when they're logged in. Users flagged as underage would face limited video recommendations and other restrictions. The Mojave desert tortoise is considered a threatened species nationally. But as NPR's Nate Perez reports, California went a step further this year and listed the tortoise as endangered.
Nate Perez
Mojave desert tortoises live beyond California. They're in parts of Nevada, Arizona and northwestern Mexico, too. Estimates show that up to 90% of these tortoises have disappeared. That's why California decided in June to give the tortoise more protections. Patrick Imblage is with the conservation nonprofit the Mojave Desert Land Trust. If tortoises are going extinct, we're doing something wrong and everything else is suffering as well. California's Fish and Wildlife Department said the endangered status could bring in more federal funds for protection and recovery actions, but conservationists say that's unlikely given that federal cuts and staffing losses have diminished agencies tasked with protecting endangered species. Nate Perez, NPR News, The White House.
Lakshmi Singh
Says it will announce the 48th Kennedy center honors recipients tomorrow morning. They're traditionally awarded in December and broadcast on CBS. The NASDAQ has gained 1.2%. The S&P is up nearly 1%. The Dow has risen 1%. It's NPR News.
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Host: Lakshmi Singh
Release Date: August 12, 2025
Duration: Approximately 5 minutes
Timestamp: [00:18]
NPR’s Lakshmi Singh opens the episode by highlighting the imminent summit between President Donald Trump and Russian President Vladimir Putin, set to take place in Alaska. The primary objective of this high-stakes meeting is to negotiate an end to Russia's ongoing war in Ukraine.
Charles Maynes, reporting from Moscow, provides deeper insights:
Quote: “Alaska is a symbolic bridge between nations, given the state's history as once part of the Russian empire, sold to the US in the 1860s” ([00:39]).
Maynes explains that while Alaska serves as a historically significant neutral ground, its geographical distance from Ukraine raises questions about the feasibility of the negotiations. Trump has hinted at the possibility of territorial concessions as part of the peace deal. However, Ukrainian President Volodymyr Zelenskyy will not be part of these discussions. Zelenskyy and his European allies have stated that they “appreciate Trump's peace efforts,” yet they remain steadfast in rejecting any deals that appear to be negotiated without their involvement ([00:39]).
Timestamp: [01:19]
President Trump has extended the existing trade truce with China by an additional 90 days. This extension postpones the resumption of a trade war that would involve reciprocal tariff increases. The extension is a tactical move to alleviate immediate tensions while potentially seeking more favorable terms.
Scott Horsley reports on the economic implications:
Quote: “The president's tariffs are raising prices for imported items such as furniture and toys” ([01:42]).
Horsley references a recent Labor Department report indicating that consumer prices rose by 2.7% in July compared to the previous year. Key factors contributing to this inflation include increased costs in rent, airfare, and used cars. Although gasoline prices saw a decline, the overall effect is a stubbornly high inflation rate, with core inflation reaching 3.1% over the twelve months ending in July. The continuation of tariffs is expected to keep prices for imported goods, including toys and home furnishings, elevated for the foreseeable future. Additionally, imported foods like coffee and bananas have become more expensive, further impacting consumer budgets ([01:42]).
Timestamp: [02:23]
Pfizer has announced that the Food and Drug Administration (FDA) may revoke the emergency use authorization for its COVID-19 vaccine for children aged 6 months to 4 years.
Rob Stein elaborates on the situation:
Quote: “The FDA has informed the company the agency may not renew that authorization” ([02:34]).
Pfizer is actively collaborating with the FDA to maintain vaccine availability for this vulnerable age group, as young children remain at high risk for severe COVID-19 complications. Meanwhile, Moderna's COVID-19 vaccine will continue to be available for young children with underlying health conditions. However, this regulatory uncertainty leaves healthy children without clear vaccination options, creating a state of uncertainty for parents and healthcare providers alike ([02:34]).
Timestamp: [03:08]
The U.S. stock markets are experiencing a positive session, with the Dow Jones Industrial Average climbing over 442 points (more than 1%), the NASDAQ up by 1.2%, and the S&P 500 nearly 1% higher.
In the tech sphere, YouTube is set to test an AI-powered age verification system. This new feature aims to distinguish between adult and minor users based on their viewing habits while logged in. Users identified as minors will encounter restrictions, including limited video recommendations, to ensure age-appropriate content consumption.
Timestamp: [03:08]
The Mojave desert tortoise, already listed as a threatened species nationwide, has been further classified as endangered by the state of California this year. Nate Perez reports on the critical decline of this species:
Quote: “If tortoises are going extinct, we're doing something wrong and everything else is suffering as well” ([03:49]).
The tortoise population, which spans across California, Nevada, Arizona, and northwestern Mexico, has seen up to a 90% reduction in numbers. Patrick Imblage from the Mojave Desert Land Trust emphasizes the broader environmental implications of this decline. While California’s Fish and Wildlife Department anticipates that the endangered status might attract additional federal funding for conservation and recovery efforts, Perez notes skepticism among conservationists. Federal budget cuts and staffing reductions have significantly hampered the efficacy of agencies responsible for protecting endangered species, casting doubt on the potential for increased funding to make a substantial impact ([03:49]).
Timestamp: [04:38]
Lakshmi Singh concludes the news brief by mentioning that the 48th Kennedy Center Honors recipients will be announced the following morning. These prestigious awards, traditionally presented in December and broadcast on CBS, recognize outstanding achievements in the performing arts.
In financial news, the stock market continues its upward trajectory with:
Singh notes that these gains reflect a generally positive sentiment in the markets amid ongoing economic adjustments and policy decisions ([04:38]).
This episode of NPR News Now provides a comprehensive overview of significant global and domestic events, from high-level diplomatic negotiations and economic policies to public health updates and environmental conservation efforts. The inclusion of expert reports and direct quotes enriches the narrative, offering listeners a nuanced understanding of each topic.
Note: Advertisements from Mattress Firm and DSW were present in the transcript but have been excluded from this summary as per instructions.