Tariffs Imposed On Solar Parts And Large Washers
President Trump approved tariffs on imported solar energy components and large residential washing machines after U S International Trade Commission rec recommendations. Solar modules face a 30 percent tariff rising to zero by year four, washers up to 50 percent phasing out in three years. The move drew mixed industry reaction with Suniva and SolarWorld backing the tariffs while installers warned higher costs and jobs losses. Whirlpool hailed the plan while critics labeled tariffs a consumer tax.
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Netflix Sees Net Neutrality Fade as Viewership Grows
Netflix, with over 117 million worldwide subscribers and a quarterly gain of 8.3 million, shows little concern for net neutrality repeal as its audience and stock surge. The company plans to spend up to 8 billion on programming this year while regulators in Montana push to shield consumers from traffic discrimination.
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Market rally boosts energy and tech stocks on Monday
U.S. stocks rise to records as energy and technology names lead gains. Deals shake up health care with Sanofi buying Bioverativ for 11.6 billion and Celgene acquiring Juno Therapeutics for 9 billion. AIG buys Validus for 5.56 billion as markets digest a short term government funding accord.
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