President Trump is set to sign an executive order that he says will cut the price of prescription drugs. CBS News medical contributor Dr. Celine Gounder explains.
Treasury Secretary Scott Bessent announced a temporary period of lower tariffs between the U.S. and China. The reprieve is good news for business owners in both nations who were reeling from President Trump's trade strategy. CBS News' Natalie Brand and Anna Coren report.
For the third time in fewer than two weeks, there was a system outage at the Federal Aviation Administration facility handling flights at Newark Liberty Airport. Transportation Secretary Sean Duffy says airlines will reduce flights in and out of the airport for at least a few weeks and is pledging to make needed upgrades at Newark as technical problems continue, causing staffing problems and customer concern.
The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on Chinese goods and Beijing responded with 125% tariffs on American products. CBS News' Caitlin Huey Burns has the latest.
