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NPR News Anchor
Live from NPR News in Washington, I'm Shea Stevens. Food giant Campbell says that new tariffs are accounting for a growing share of its costs. The company is particularly affected by import taxes, steel and aluminum needed to make cans for its soups. As NPR's Lena Selyuk reports, Campbell's plans to raise prices to offset some of those higher costs.
NPR Reporter Lena Selyuk
Campbell says tariffs are expected to account for about 4% of its cost of goods sold over the next fiscal year. That's hundreds of millions of dollars in costs. The company says it faces tariffs on various products. One is Rao's pasta sauce, which relies on imports from Italy. And the big one is steel, used for soup cans. But President Trump has added a new 50% tariff on steel, and Campbell's executives say there's simply not a way to source the needed amount of steel in the United States, so they have to import this key raw material. The company expects to cover these new costs in part by negotiating with suppliers, improving productivity, finding other cost savings, but also, quote, surgical and responsible price increases. Alina Seluk, NPR News.
NPR News Anchor
President Trump says he'll soon announce tariffs on semiconductor chips made by companies that don't move their production to the During a White House dinner with leaders of the tech industry, Trump said he's not concerned about China, Russia and North Korea gaining superiority in military artificial intelligence.
President Donald Trump
We have the smartest people. We have the greatest technology they can copy, but they can't create like we can create.
NPR News Anchor
Trump also weighed in on the New York City mayoral race, suggesting that two of the four candidates should drop out. Court records show that cell phones, computers and documents were seized during the recent raid on the home of former Trump adviser John bolton. More from NPR's Ryan Luc.
NPR Reporter Ryan Lucas
Federal agents conducted a search of John Bolton's Maryland home late last month. Now the Justice Department has filed in federal court a redacted version of the search warrant and other documents in response to a request from media organizations, including npr. The DOJ filing indicates that Bolton is under investigation for possibly gathering, transmitting or losing defense information and the potential unauthorized removal and retention of classified documents. A redacted copy of the inventory from the Bolton search shows that agencies cell phones, hard drives and computers, as well as typed documents and a binder labeled Statements and Reflections to allied Strikes. Bolton served as Trump's national security adviser before becoming a fierce Trump critic. Ryan Lucas, NPR News, Washington.
NPR News Anchor
Health Secretary Robert F. Kennedy Jr. Fielded questions from Democrats and Republicans Thursday during a Senate hearing on his policies. Kennedy defended the firing of the head of the Centers for Disease Control and Prevention and his decision not to recommend vaccines, including the COVID 19 shots. He also accused lawmakers of lying about his department. U.S. futures are flat in after hours trading on Wall street. You're listening to NPR. The Gaza health ministry says more than 64,000 Palestinians have been killed in the war in Gaza. That includes at least 28 people killed by Israeli strikes early Thursday. The latest attacks came as Israeli troops expanded operations in parts of Gaza City. The war began in October 2023 when Hamas attacked Israel, killing around 1,400 people and kidnapping hundreds more. At least 35 countries are pledging to support Ukraine against Russian aggression. The so called coalition of the willing is mostly European, but includes Australia and Canada. As NPR's Eleanor Beardsley reports, the nations say they're ready to commit troops and equipment once the war ends.
NPR Reporter Eleanor Beardsley
French President Emmanuel Macron says the pillar of Ukraine's security will be its own military. We will accept no limit on the format or capacity of the Ukrainian army, he said, and will help regenerate Ukrainian forces so they can resist attack and dissuade new Russian aggression. Macron said Russia has lost more than a million soldiers to conquer less than 20% of Ukrainian territory in three years, so it has every reason to end the war. After speaking with President Trump for an hour and a half, Macron And Zelensky said U.S. proposals for a backstop to the European security guarantees will be defined in the coming days. Eleanor Beardsley, NPR News, Paris.
NPR News Anchor
Tributes of pouring in for fashion icon Giorgio Mar Armani, who died Thursday at the age of 91. Armani dressed celebrities, models and some of the world's most powerful people during his 50 years in the fashion industry. This is NPR News.
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Host: Shea Stevens (NPR News Anchor)
Duration: ~5 minutes
Main Theme:
A fast-paced update on significant national and international news, covering developments in U.S. tariffs and business, politics, justice, health policy, the wars in Gaza and Ukraine, and a cultural tribute.
[00:19 – 01:23]
“Campbell says tariffs are expected to account for about 4% of its cost of goods sold over the next fiscal year. That's hundreds of millions of dollars in costs.” [00:41]
"There's simply not a way to source the needed amount of steel in the United States, so they have to import this key raw material." — Lena Selyuk [01:05]
[01:23 – 01:46]
New Tariffs and Geopolitics:
“We have the smartest people. We have the greatest technology… They can copy, but they can't create like we can create.” [01:39]
Comment on NYC Mayoral Race:
[01:46 – 02:48]
“A redacted copy of the inventory from the Bolton search shows that agencies cell phones, hard drives and computers, as well as typed documents and a binder labeled Statements and Reflections to allied Strikes [were seized].” [02:28]
[02:48 – 03:14]
[03:14 – 03:39]
[03:39 – 04:40]
“French President Emmanuel Macron says the pillar of Ukraine's security will be its own military. 'We will accept no limit on the format or capacity of the Ukrainian army,' he said..." [03:58]
“Macron said Russia has lost more than a million soldiers to conquer less than 20% of Ukrainian territory in three years, so it has every reason to end the war.” — Eleanor Beardsley [04:15]
[04:40 – 04:57]
Donald Trump:
“We have the smartest people. We have the greatest technology… They can copy, but they can't create like we can create.” [01:39]
Lena Selyuk:
"There's simply not a way to source the needed amount of steel in the United States, so they have to import this key raw material." [01:05]
Eleanor Beardsley, quoting Macron:
“We will accept no limit on the format or capacity of the Ukrainian army.” [03:58]
“Macron said Russia has lost more than a million soldiers to conquer less than 20% of Ukrainian territory in three years...” [04:15]
This NPR News Now episode provides a concise yet substantive roundup of impactful news: the economic ripple effects of U.S. tariffs, mounting tensions and investigations in national politics, contentious health policies, ongoing international conflict, robust Western commitments to Ukraine, and the passing of a fashion legend. Each story is delivered with urgency and clarity, making it an essential update for listeners seeking to stay informed on current events.